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The Nigerian National Petroleum Corporation (NNPC) Limited, weekend, reported sustained production and solid financial performance in its October 2025 monthly report, with statutory payments totaling N11.15 trillion to the government for the nine months ending September 2025.
The figure highlights the national oil company’s substantial contribution to national revenue, according to the most recent report received from NNPC’s official X account.
The report states that NNPC produced 1.58 million barrels per day (mmbopd) of crude oil condensate in October 2025, which was marginally less than the peak of 1.77mmbopd earlier in the year.
Natural gas production was 6,997 million standard cubic feet per day (mmscfd). Planned maintenance at important assets like Usan and SEPNU, postponed operations at WAEP OML 71 and 72, and floods that resulted in well shut-ins at OML 143 were the causes of the moderate output levels.
Despite these, upstream pipeline availability was maintained at 100%, with complete production recovery expected for mid-December 2025.
NNPC announced revenues of N5.078 trillion and a profit after tax of N447 billion for October 2025. The company’s ongoing support of government finances through taxes and other financial commitments is reflected in the N11.15 trillion in statutory payments to the government for the nine months ending in September.
These numbers include intercompany transactions and consolidated adjustments showing the overall financial health of the business.
Major gas infrastructure projects are proceeding with urgency as the Ajaokuta-Kaduna-Kano (AKK) gas pipeline is reportedly being fast-tracked with extra resources to assure mainline completion by the end of 2025.
The Obiafu-Obrikom-Oben (OB3) gas pipeline project is advancing with preparatory work for the Niger River crossing and drilling activities, following amended execution plans.
The NNPC Foundation’s financial literacy program, which has empowered more than a million NYSC corps members nationally, is another example of NNPC’s ongoing social activities.
The program demonstrates NNPC’s dedication to the development of entrepreneurship and youth empowerment throughout Nigeria.
In addition, OPEC+ is developing a system to evaluate members’ production capacity and is anticipated to stick to its oil output strategy in early 2026.
In the meantime, Eni has reached an agreement with YPF to purchase a 50% share and operatorship in Uruguay’s offshore Block OFF-5. This is a calculated move into frontier deepwater exploration in the South Atlantic, subject to regulatory approval.
The report emphasizes NNPC’s well-rounded strategy for handling production issues, progressing crucial infrastructure projects, making a substantial contribution to fiscal revenues, and promoting socio-economic growth.
