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NNPC Records ₦20.36Billion Trading Surplus in July

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The Nigerian National Petroleum Corporation (NNPC) has recorded an increased trading surplus of ₦20.36billion in July 2020 compared to the ₦2.12billion surplus in June 2020 in its operations.
Dr. Kennie Obateru, Group General Manager, Group Public Affairs Division of the corporation, in a release in Abuja, explained that details of the figures captured in the July 2020 NNPC Monthly Financial and Operations Report (MFOR) indicated that the 858 per cent overall upswell in performance was largely due to the 178 per cent rise in the surplus posted by the Nigerian Petroleum Development Company (NPDC), NNPC’s flagship Upstream entity.
The release stated that the NPDC’s impressive result was bolstered by the continuous improvement in global crude oil demand for the third consecutive month.
Similarly, the report said the corporation’s fortune was further enhanced by the 739 per cent increased profit posted by the Integrated Data Services Limited (IDSL) and a 51 per cent growth in performance by Duke Oil Incorporated, both companies of NNPC.
Returns from NNPC Retail Limited and Nigerian Gas Marketing Company (NGMC) during the period under review also grew by 28 per cent and 24 per cent respectively, owing to increased sales and improved debt collection.
In the Gas sector, Gas production in July 2020 increased by 2.19 per cent at 236.34Billion Cubic Feet (BCF) compared to output in June 2020; translating to an average daily production of 7,623.98Million Standard Cubic Feet of gas per day (mmscfd). Likewise, the daily average natural gas supply to gas power plants stood at 707mmscfd, equivalent to power generation of 2,421MW.
For the period July 2019 to July 2020, 3,079.64BCF of gas was produced, representing an average daily production of 7,812.11mmscfd during the period.
Period-to-date Production from Joint Ventures (JVs), Production Sharing Contracts (PSCs) and NPDC contributed about 70.88 per cent, 20.37 per cent and 8.75 per cent respectively to the total national gas production.
In the Downstream Sector, to ensure continuous stability in Premium Motor Spirit (PMS) supply and effective distribution across the country, 1.02billion litres of PMS translating to 32.95mn liters/day were supplied for the month.
The July NNPC MFOR stated that the corporation has continued to diligently monitor the daily stock of PMS to achieve smooth distribution of petroleum products and zero fuel queue across the Nation.
The report noted that during the period under review, 36 pipeline points were vandalized, representing about 9 per cent increase from the 33 points recorded in June 2020.
Atlas Cove-Mosimi and Aba-Enugu network accounted for 28 per cent each, while PHC-Aba and the other locations recorded 14 per cent and the remaining 31 per cent respectively. NNPC in collaboration with the local communities and other stakeholders continuously have strived to reduce the menace of pipeline vandalism.
The July NNPC MFOR is the 60th edition in the series meant to sustain effective communication with stakeholders.
The report is published monthly on the corporation’s website, national dailies and online media.

Dr. Kennie Obateru
Group General Manager
Group Public Affairs Division
Nigerian National Petroleum Corporation
NNPC Towers, Abuja.
17th September, 2020

I am Paschal Ogechi Obi Chikero . I have written and published three books , I wrote Festus Keyamo's biography- Lion In Isolation .I have been a Reality TV show Producer/Creator, an Actor and Film Script Writer.

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Nigerian News

Grace Nation Mid-year Cross Over : The Remaining 6 Months of The Year Will be Harvest In All Side For Kingdom Promoters – Dr Chris Okafor

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Grace Nation Mid-year Cross Over : The Remaining 6 Months of The Year Will be Harvest In All Side For Kingdom Promoters - Dr Chris Okafor

It is the Spirit of God that gives inspiration to make wealth and be successful in Life, Although when God Position you for greatness you will definitely meets obstacles but when you understands the Legal technicality and The Principles of the Almighty God in the place of service, you exile in your endeavours

Speaking at the Day 3, of the ongoing Mid year Cross Over Conference at Grace Nation International Headquarters in Ojodu Berger Lagos Nigeria, The Senior Pastor of the Church Popularly known as The Generational Prophet of God Dr Chris Okafor said, the remaining second half of the year according to what he hears from God shall be, Months of Harvest for those who Promotes God’s Kingdom, the Man of God started further that the Kingdom is not about sentiment but Principles, he added in as.much as you understand the Methodology and the Legal Technicality of Give and take, you will definitely harvest in Multiples

In his sermon with theme “Breaking The Limit” Dr chris okafor Emphasised that when God assign you for greatness the enemies will like to limit you, but it is good you know which weapon you can deploy to battle the limit,

The man of God Continue that, there are various kind of Limit Projected by the Enemies, he said some limits are Poverty, sickness, barrenness, altars and barriers, but when you understand the source of such Limit, to tackle it now become something with else, Prayers and fastings is good but when you Practices Kingdom Partnership, when you partner with God, in return God too will Partner with you, therefore you break out of any Limits, God does not give to those who are not into Partner with him, the Apostle of God remarked

There is an antidote to escape death and the simple but hard to abide is by worshiping God in Truth and in Spirit, when you uses what God gave you to worship him, he marked you with the blood and when the Death come and see your mark, Death pass over, i am a commited kingdom promoter, i service God like no Tomorrow this is the reason, anytime death came knocking, My families and myself Escape, No matter how far they have gone in there conclusion we escape, Dr chris Okafor Concluded

It was a praise and worship jamboree at the Conference (Night Vigil) As foremost Popular Gospel Act with wonderful Solo Voice Who is also a Son of the Prophet Gabriel Peters dazzles faithfuls with his popular latest track and many more, as faithfuls dance to there next Level and to Harvest bountifully in the second half of the year

The Realms of the Prophetic witness another tsunami in the kingdom of Darkness as acclaimed strong man behind many family predicaments were smoke out, Leaving many demonic altars empty,,

One of the interested scenero was that of a woman who was fires a spiritual arrow on her leg, she could not walk to church but after prayers and deliverance by God servant the arrow give way and the swollen leg come back to normal,
So many mind blowing testimonies, meanwhile 64 woman receives their miracle babies at the conference on Day 3, Over 1000 Participants gave there lifes to christ, this is the most important aspect of the conference, ,

The Special thanksgiving service for the annual conference Continue on 26th June 2022 at the international Headquarters of the church in Ojodu Berger lagos Nigeria,

The sunday program is also tagged as the Cultural Sunday Service of the church where faithfuls and Participant are expected to Dress in the Native Attires

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Northern Elders Forum’s Top Shot, Hakeem Baba-Ahmed , Describes Peter Obi

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Northern Elders Forum's Top Shot, Hakeem Baba-Ahmed , Describes Peter Obi

Hakeem Baba-Ahmed the Northern Elders Forum National Publicity Director has taken to Twitter to describe who Peter Obi after spending time with the Labour Party Presidential Candidate.

NAIJA NEWS NG reports that Dr. Hakeem Baba-Ahmed said Peter Obi is not an ethnic candidate. He advised those project him to stop selling him as an ethnic candidate .

READ : Why We Have Not Announced Peter Obi And Kwankwaso Alliance – Doyin Okupe

I spent valuable time with Mr Peter Obi this morning.I wish those who see him as an ethnic candidate can get to know him better.I also wish those who try to sell him will tone down his ethnic identity.I hope the nation will see the candidates up close, we could see a revolution.

Hakeem Baba-Ahmed

Hakeem Baba-Ahmed tweet on Peter Obi

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Nigerian News

Obasa Celebrates Sanwo-Olu At 57, Praises Gbajabiamila

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Obasa Celebrates Sanwo-Olu At 57, Praises Gbajabiamila

The Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Ajayi Obasa, has congratulated Governor Babajide Sanwo-Olu and the Speaker of the House of Representatives, Femi Gbajabiamila, as they both mark their birthdays.

While Governor Sanwo-Olu celebrates his 57th birthday, Gbajabiamila is 60.

In his congratulatory message to Sanwo-Olu signed by his Chief Press Secretary, Eromosele Ebhomele, Dr. Obasa told the Governor: “Your purposefulness and dedication to serving the people of Lagos has resulted in unprecedented achievements even in the face of current economic realities.

“Under your administration and supported by the state legislature, our dear state has kept on setting the pace for others to follow as we grow greater and develop better.

Eid-el-Fitr: Obasa Congratulates Muslims, Expresses Hope For A Better Nigeria

“As you celebrate your birthday, my colleagues and I pray to God to continue to keep you in good health, amen.”

The Speaker also commended Gbajabiamila for making Lagos and Nigeria proud over his maturity and the ways he had run the affairs of the House of Representatives.

“Your exemplary leadership and initiatives in the conduct of legislative business have constantly stood you out as a worthy legislator that deserves to be celebrated.

“History will always be kind to you as the architect of transformational leadership in the House of Representatives with your remarkable landmark achievements.

“I wish you sound health, outstanding success, more wisdom and long life, amen,” Obasa prayed.

Eromosele Ebhomele
Chief Press Secretary to the Speaker of the Lagos State House of Assembly.

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