Nation
Sales Of Petroleum Products Surges By 92%, NNPC Admits
The Nigerian National Petroleum Corporation (NNPC), yesterday, said its downstream subsidiary, Petroleum Products Marketing Company (PPMC), recorded a total of N158.04billion from the sales of white product in the month of October, 2020.
This is an increase of 92 percent, when compared to N80.15billion recorded on the previous month of the same year.
White products include Premium Motor Spirit (PMS), also known as petrol, Dual Purpose Kerosene (DPK), and Automotive Gas Oil (AGO), also known as diesel.
According to the corporation’s October, 2020, edition Monthly Financial and Operations Reports, MFOR, made available to newsmen by its Group General Manager, Group Public Affairs Division, Kennie Obateru, a total revenues generated from the sales of white products for the period October, 2019 to October, 2020, stood at ?1.95trillion, with Premium Motor Spirit (PMS) accounting for about 99.07% of the total sales with a value of over ?1.9trillion.
In terms of volume, the October, 2020, sales figure translates to a total of 1.224.54 billion litres of white products sold and distributed by PPMC within the period compared with 603.39 million litres in the month of September, 2020.
This comprised 1.224.20billion litres of PMS, 0.31million litres of AGO also known as diesel and 0.033million litres of DPK.
Total sales of white products for the period October, 2019 to October, 2020, stood at 16.462.50 billion litres and PMS accounted for 16.344.36billion litres or 99.28%.
In the month under review, 23 pipeline points were vandalized representing about 10% increase from the 21 points recorded in September, 2020.
Of this figure, Mosimi Area accounted for 83 per cent of the vandalized points while Port Harcourt Area accounted for the remaining 17 percent.
In the Gas Sector, a total of 214.07 Billion Cubic Feet (bcf) of natural gas was produced in the month October, 2020, translating to an average daily production of 6,908.34 Million Standard Cubic Feet per Day (mmscfd).
The daily average natural gas supply to power plants increased by 8.60% to 745mmscfd, equivalent to power generation of 2,801Megawatts.
For the period of October, 2019 to October, 2020, a total of 3,018 BCF of gas was produced, representing an average daily production of 7,658.88mmscfd during the period.
The October, 2020, MFOR also indicates that period-to-date gas production from Joint Ventures (JVs), Production Sharing Contracts (PSCs), and NPDC contributed about 68.18%, 20.12% and 11.70%, respectively to the total national gas production.
In terms of natural gas off take, commercialization and utilization, out of the 208.96 BCF of gas supplied in October, 2020, a total of 118.40 BCF of gas was commercialized, consisting of 38.07 BCF and 88.90 BCF for the domestic and export market, respectively.
This translates to a total supply of 1,269.03mmscfd of gas to the domestic market and 2,870.57mmscfd of gas supplied to the export market for the month.
This 63rd edition of the MFOR highlights NNPC’s activities for the period of October, 2019 to October, 2020.
In line with the corporation’s commitment of becoming more accountable, transparent and driven by performance excellence, NNPC has continued to sustain effective communication with stakeholders through this report via publications on its website and in national dailies.
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Nation
Haniel Jack Foundation Awards Five Rivers Indigenes Scholarship
The Ibanibo Haniel Jack Foundation has awarded scholarships to five Rivers State indigenes in different tertiary institutions.
The scholarship programme was announced on Easter Sunday by Rev. Dr. Samuel Wachukwu, who is also the presiding pastor of Redeemer Baptist Church, at No. 44/46 Lumumba Street, Mile Two Diobu, in Port Harcourt.
Speaking, the chairman of the occasion, Barrister Karibi George, advised the recipients to justify the scholarship by ensuring that they put in their best and finish at the expected time.
George reminded them that opportunity comes but once and they should take advantage of the opportunity that comes their way judiciously.
“Those of you who are beneficiaries of this scholarship should also remember to help others and the resurrection of our Lord Jesus Christ.
“I advise you to justify the opportunity given to you and make the man who gave you the scholarship, yourself, and your family proud,” Barrister George said.

He explained that the scholarship spans undergraduate and postgraduate levels in various high institutions in Nigeria. He thanks Sir Jack for the gesture.
The scholarship is to promote education in our society, most especially for Rivers indigenes, and equally assist those who cannot immediately afford tuition fees.
It will interest you to know that
The scholarship was borne out of God’s blessings, and this is a way to give back to the society. Besides, two of the beneficiaries are direct employees of the chairman of the foundation, sir.
Ibanibo Haniel Jack, who is also the chief executive officer (CEO) of White House Hotel, in Port Harcourt.
Chief Prezi Diffa, while presenting the awards, commended Sir Ibanibo Haniel Jack, who has deemed it necessary to give back to society.
Chief Diffa equally advised the beneficiaries to take their academics seriously and count themselves lucky.
“The man who has given you this scholarship wants to better your lives, so please put in every effort to ensure you finish the school with flying colors,” Chief Diffa said.
The beneficiaries are Isoboye Haniel Douglas, Naomi Douglas, Charles Batubo, Ajé Sokari, and
Dakoru Owen Amachree.
Tonye Orabere
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