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Nigeria Earns $504m From Crude Oil, Gas Export, NNPC Confirms

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Nigeria earned $504.44million, an equivalent of N154.73billion, from crude oil and gas exports in November, 2019, according to statistics released, yesterday, by the Nigerian National Petroleum Corporation (NNPC).
In a statement in Abuja, on the release of its Monthly Financial and Operations Report for November, 2019, NNPC stated that the amount earned from oil and gas export in the month under review represented an improvement of 4.39 per cent over the previous month’s export.
According to NNPC, crude oil export sales contributed $383.89million, an equivalent of 76.10 per cent of the dollar transactions compared with $396.94million contribution in the previous month; while export gas sales amounted to $120.55million in the month.
In the statement signed by its Acting Group General Manager, Group Public Affairs Division, Mr. Samson Makoji, NNPC further stated that between November, 2018 to November, 2019, crude oil and gas worth $5.46billion was exported.
In spite of the improvement recorded in the country’s export in the month under review, Makoji further stated that NNPC suffered 94 per cent increase in the cases of willful hacking and destruction of its pipeline infrastructure across the country in November, last year, fingering oil thieves as culprits.
He explained that 68 pipeline points were vandalised, representing about 94 per cent increase from the 35 points that were breached in October, 2019, adding that out of the vandalised points, 15 failed to be welded while only two pipeline points were ruptured.
Giving a breakdown of the breach, NNPC noted that the Mosimi-Ibadan axis accounted for 31 percent of the breaks; Atlas Cove-Mosimi network witnessed 19 per cent, while Ibadan-Ilorin and other routes accounted for 15 per cent and 35 per cent, respectively.
Makoji assured that NNPC, in collaboration with the local communities and other stakeholders, would continuously strive to reduce and eventually eliminate this menace through effective collaboration.
Furthermore, the NNPC spokesperson disclosed that the daily average natural gas supply to gas-powered plants in November, last year, increased by 16.53 per cent to 645 million standard cubic feet per day (MMSCFD), equivalent to power generation of 2,178 megawatts (MW).
Comparatively, he stated that the October, 2019, gas supply to power averaged 553mmscfd to generate 2,050 MW.
Makoji added that national gas production in November, 2019, stood at 228.65 billion Cubic Feet (BCF), translating to an average daily production of 7,621.68 million Standard Cubic Feet per day (mmscfd).

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Victory Over Insurgency Certain, Tinubu Assures

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President Bola Tinubu has expressed confidence that the country would win the fight against insecurity.

The President gave the assurance at the Argungu International Fishing Festival in Argungu town, Kebbi State, on Saturday.

He noted that the relative peace currently being enjoyed in Kebbi and neighbouring states was the result of sustained investments in security intelligence, coordination among security agencies, and community engagement.

Tinubu assured farmers and fishermen of sustained federal support to guarantee food security and safety across the country.

“The peace we are witnessing today is not accidental. It is the outcome of deliberate and sustained efforts. I assure you that the fight against banditry, insurgency, and insecurity will be won.

“Our farmers, fishermen, traders, and families will go about their lawful activities without fear,” he assured.

The President commended the organisers of the festival for sustaining the cultural event for decades, noting that it had endured for 83 years despite social and security challenges.

Describing the Argungu festival as a powerful symbol of unity, resilience, and peaceful coexistence, Tinubu stated that it reflects the richness of the country’s culture and the opportunities to harness its natural and human resources for national growth.

He said, “Today, this festival stands as a powerful symbol of unity, resilience, and peaceful coexistence among our people.

“It reflects the richness of our culture, the strength of our traditions, and the opportunities inherent in harnessing our natural and human resources for national development.”

The President was received by a large crowd of residents, traditional rulers, fishermen, tourists, and government officials from across the country.

The President reaffirmed his administration’s commitment to youth and women empowerment, irrigation development, rural electrification, and agricultural productivity.

Earlier, the Kebbi State Governor, Nasir Idris, said his administration was determined to elevate the Argungu Fishing Festival to full international standards while pursuing aggressive development across critical sectors of the state.

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US Embassy, Lagos Consulate Close Today For President’s Day

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The United States Embassy in Abuja and the Consulate General in Lagos will be closed today, in observance of Presidents’ Day.

The mission made this known in a notice shared on its official X page, yesterday.

“The U.S. Embassy in Abuja and the Consulate General in Lagos will be closed on Monday, February 16, 2026, in observance of Presidents’ Day,” the post read.

According to the embassy, Presidents’ Day was originally established to honour the birthday of the former US President, George Washington, but has evolved into a day to celebrate all U.S. presidents and their leadership in shaping the country’s history.

The embassy noted that the holiday also recognises the influence of U.S. presidents on global affairs.

In a related message, the mission highlighted that Washington created the first “Badge of Military Merit,” which later became the Purple Heart. The medal still bears Washington’s image today.

Presidents’ Day is observed on the third Monday of February annually in the United States as a federal holiday.

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Guterres Backs Nigeria’s Bid For UN Security Council Seat …Hails Tinubu’s Reforms, Regional Security Role

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United Nations Secretary-General, António Guterres, has charged Nigeria with spearheading Africa’s quest for a restructured global order, describing the country as uniquely positioned to lead the continent toward superpower status.

Guterres, who backed Nigeria’s bid for the world body’s security council seat, also praised the economic reforms of the President Bola Tinubu-led administration as well as Nigeria’s leadership in stabilising the Sahel and ECOWAS regions, despite facing its own security challenges.

The UN scribe made the remarks last Friday night during a high-level bilateral meeting with Vice President Kashim Shettima on the sidelines of the 39th African Union (AU) Summit in Addis Ababa, Ethiopia.

Speaking during the meeting, Guterres said Nigeria’s large population, sustained democratic governance, vast natural and human resources, and longstanding commitment to multilateralism placed it in a unique position to lead Africa in the evolving global order.

“Given Nigeria’s demographic strength, democratic continuity and deep resource base, the country stands a real chance of leading Africa to becoming the next superpower in the evolving global architecture,” he said.

The UN Secretary-General and the vice president discussed key developments in Nigeria and the country’s expanding leadership role in promoting regional stability across West Africa and the Sahel.

Guterres commended the remarkable and outstanding reforms of the administration of President Tinubu, noting that Nigeria’s bold economic restructuring and security commitments have strengthened its continental standing.

The meeting focused on strengthening Nigeria–UN collaboration to advance global economic growth, peace and security, sustainable development, and a coordinated humanitarian response across Africa.

In his remarks, Shettima thanked the UN Secretary-General for his leadership in advancing global peace, noting that Africa has benefited immensely from his tenure, even as the United Nations undergoes internal restructuring.

“We remain committed to multilateralism and to deepening our partnerships with the United Nations and other global institutions,” the vice president said.

Shettima also reiterated Nigeria’s longstanding call for comprehensive reform of the United Nations system to reflect evolving global realities.

He emphasised that Africa must have stronger representation in global decision-making structures and declared that Nigeria deserves a permanent seat on the United Nations Security Council.

Both leaders pledged to deepen cooperation, with Guterres reaffirming the UN’s support for Nigeria’s reform agenda and its growing leadership role in advancing peace, security, and development across Africa.

 

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