Business
Pipeline Vandalism Drops By 28% – NNPC

The Nigerian National Pe
troleum Corporation (NNPC) says pipeline vandalism across the country had reduced by 28 per cent.
The corporation made this known in its 13th publication of Monthly Financial and Operations Report released on its website last week.
According to the report, the spate of pipeline vandalism has reduced following the Federal Government and NNPC’s sustained engagements with Niger Delta militants.
“In August, 2016, there was 28.94 per cent drop in the number of pipelines vandalised points relative to July, 2016 which had up to 311 vandalised points,” the report stated.
On natural gas supply to power plants, the report stated that it edged up to 469 million standard cubic feet per day (mmscfd) which equalled about 2,083 megawatts of electricity generation in August, 2016.
On refineries’ operations, its report said that the combined value of output by the three refineries “at import parity price” for August, 2016 was N50.19 billion.
“Associated crude plus freight cost was N39.77 billion, giving a surplus of N709.21 million after an overhead of N9.71 billion,” it said.
The report said that this was made possible in spite of the challenges of irregular crude supply and pipeline vandalism to the refineries.
On naira payments to the Federation Account, NNPC said that it transferred N35.05 billion into the account in September from the net domestic crude oil receipt and another N1.80 billion from gas receipts.
It added that its instalment repayment of debt to the Federation Account was also done with N6.33 billion remitted as the 25th instance in the process.
“The domestic crude oil and gas receipt during the month amounted to N96.15 billion, consisting of N1.80 billion from domestic gas and the sum of N88.01 billion from domestic crude oil.
“Of the N88.01 billion receipt from crude oil, the sum of N52.96 billion (about 268.83 million dollars) was transferred to Joint Venture Cash Call (JVCC) being a first line charge.
“It also guarantees a continuous flow of revenue stream to Federation Account,” the report said.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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