NNPCL Revenue Soars to N5.078tn in October, Posts 106% Profit Jump

|By Babatunji Wusu

The Nigerian National Petroleum Company Limited (NNPCL) has reported a sharp surge in its earnings, hitting N5.078 trillion in revenue for October 2025, according to its latest monthly financial report released on Saturday.

The report shows that NNPCL recorded N447 billion profit after tax (PAT) for the month, marking a 106% rise from the N216 billion posted in September. Revenue also climbed by 19.2%, up from N4.26 trillion in the previous month, reflecting improved operational performance and stronger crude sales.

The company further disclosed that it remitted N11.150 trillion in statutory payments to the federation between January and September 2025, reinforcing its role as a major contributor to national revenue.

Just four days earlier, NNPCL announced that it generated N45.1 trillion as total revenue for the 2024 financial year, signalling sustained growth across its business operations.