nnpc (1).webp
The Digest:

Nigeria's crude oil output declined to 1.58 million barrels per day in October 2025, reflecting a 1.86% decrease from September's production levels. According to NNPC's monthly report, the drop occurred despite significant financial gains, with the state oil company recording N447 billion profit after tax, a 107% increase from the previous month.

Key Points:
  • Crude and condensate production fell to 1.58 million bpd in October
  • Represents a 1.86% decrease from September's 1.61 million bpd
  • NNPC profit surged to N447 billion, up 106.94% month-on-month
  • Revenue increased to N5.07 trillion from N4.27 trillion in September
  • Production challenges due to planned maintenance across key assets
  • Natural gas output rose to 6.99 million standard cubic feet daily
  • Full production recovery expected by mid-December 2025
In the constant tension between operational challenges and financial performance, the true measure of stability often lies not in monthly fluctuations but in the strategic direction that weathers the immediate storm.

Sources: The Cable