The Nigerian National Petroleum Company Limited (NNPCL) has reported a major financial rebound, recording N5.078 trillion in revenue for October 2025.
The state-owned oil firm released the figures in its monthly financial report on Saturday, showing a sharp climb in both revenue and profit after tax (PAT).
According to the report, NNPCL posted N447 billion PAT for October, marking a dramatic 106 percent rise from the N216 billion recorded in September. Revenue also jumped by 19.2 percent from N4.26 trillion in the previous month.
The company further disclosed that from January to September 2025, it remitted N11.150 trillion in statutory payments to the federation.
The latest numbers come just days after NNPCL announced that it generated N45.1 trillion as total revenue for the 2024 financial year, alongside a profit after tax of N5.4 trillion.
