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NNPC Posts 34% Increase In Trading Surplus …Records N337.63bn Products Sales

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The Nigerian National Petroleum Corporation (NNPC), has announced an increased trading surplus of ¦ 5.28billion in its December, 2019, operations compared to the ¦ 3.95billion surplus posted in November, last year.
A release yesterday in Abuja by the corporation’s Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, explained that details of the surplus were captured in the December, 2019, edition of NNPC’s Monthly Financial and Operations Report (MFOR), which, among others, showed that the 34 per cent increase for the period resulted from improved performances by some of its entities both in the Upstream and Downstream sectors.
The release listed NNPC’s subsidiaries with notable improved positions to include: Integrated Data Services Limited (IDSL), Nigeria Gas Marketing Company (NGMC), Nigerian Pipeline and Storage Company (NPSC) and Duke Oil Incorporated.
It explained that in general terms, the performance was impacted positively by the reduced deficit posted by NNPC Corporate Headquarters during the period under review; adjustments to previously understated revenues by IDSL and Duke Oil; and reduction in the costs of pipeline repairs/Right of Way maintenance and gas purchases by NPSC and NGMC, respectively.
In the gas sector, out of the 239.29billion Cubic Feet (BCF) of gas supplied in December, 2019, a total of 148.32BCF of gas was commercialized, consisting of 34.78BCF and 113.54BCF for the domestic and export market, respectively.
According to the report, this translated to a supply of 1,121.77million Standard Cubic Feet per day (mmscfd) of gas to the domestic market and 3,662.70mmscfd of gas supplied to the export market for the month.
The corporation noted that 62.22 per cent of the average daily gas produced was commercialized, while the balance of 37.78 per cent was re-injected, used as Upstream fuel gas or flared, adding that gas flare rate was 7.78 per cent for the month under review i.e. 598.03mmscfd, compared with the average gas flare rate of 8.56 per cent i.e. 678.02mmscfd for the period December, 2018 to December, 2019.
The report stated that gas supply for the period December, 2018 to December, 2019 stood at 3,105.48BCF out of which 466.00BCF and 1,369.90BCF were commercialized for the domestic and export market, respectively, explaining that gas re–injected, fuel gas and gas flared, stood at 1,269.59BCF.
In the Downstream Sector, Petroleum Products Marketing Company (PPMC), NNPC’s Downstream entity in charge of bulk supply and distribution of petroleum products, distributed and sold 2.775billion litres of white products in December, 2019 compared with 0.841billion litres in November, same year.
This comprised 2.762billion litres of Premium Motor Spirit (PMS) otherwise called petrol, 0.013billion litres of Automotive Gas Oil (AGO) or diesel, and 0.000billion litres of Dual Purpose Kerosene (DPK) as well as sale of special product of 0.003billion litres of Low Pure Fuel Oil (LPFO) in the month under review.
The MFOR indicated that sale of white products for the period December, 2018 to December, 2019 stood at 21.861billion litres, with PMS accounting for 21.514billion litres or 98.41 per cent.
In terms of value, ¦ 337.63billion was made on the sale of white products by PPMC in December, 2019, compared to ¦ 105.62billion sales in November, 2019.
The report said revenues generated from the sales of white products for the period December, 2018 to December, 2019 stood at ¦ 2,705.76billion, with PMS contributing about 97.56 per cent of the sales with a value of ¦ 2,639.68billion.
The 53rd edition of the MFOR reported 40 vandalized pipeline points, representing about 41 per cent decrease from the 68 points vandalized in November, 2019.
The report said that out of the vandalized points, 10 failed to be welded, while none was ruptured.
Atlas Cove-Mosimi and Mosimi-Ibadan axis accounted for 35 per cent and 30 per cent of the breaks respectively, while other routes accounted for the remaining 35 per cent.
NNPC explained in the release that it had stepped up collaboration with the local communities and other stakeholders to stem pipeline vandalism menace.

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Fubara Visits Gas Emission Site, Donates N100m To Bille Kingdom,

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Rivers State Governor, Sir Siminalayi Fubara, yesterday extended interim relief measures to the people of Bille Kingdom as the government intensifies efforts to address the ongoing environmental degradation affecting the area.

This was contained in a statement by the Head of Information and Public Relations Unit, Office of the Secretary to the State Government, Juliana Masi, yesterday.

The governor, during a working visit to Bille Kingdom in Degema Local Government Area, reassured residents of his deep concern for their health and well-being.

He reiterated his administration’s commitment to finding a lasting solution to the persistent gas emissions observed in the community’s land and water sources since November 2025.

Represented by the Secretary to the State Government, Dagogo Wokoma, the governor announced immediate interventions to address urgent needs.

Some of the relief measures include the provision of potable water and essential medical services through the release of ?100 million as palliative support for the affected community.

According to the SSG, “Governor Fubara remains deeply committed to the welfare of the people of Bille Kingdom. Although unable to attend in person due to pressing state engagements, he is fully aware of the situation and determined to tackle the root cause of the environmental challenge”.

The governor assured residents that the state government would not relent in its efforts to provide a permanent solution to the gas emissions, emphasizing that the current intervention is only a temporary measure to ease the suffering of the people.

He further urged members of the community to remain law-abiding and continue supporting his administration, noting that he has consistently demonstrated a track record of fulfilling his promises.

Earlier, the Chairman, Council of Chief for Bille Kingdom, Chief Bennet Dokubo, expressed joy over the State visit, describing Fubara as a leader who listens to the plight of the people.

He urged the governor to critically look into the gas emission which he described as dangerous to human health.

“If we take you into the river, we notice that the entire environment is bubbling and smelling.

“We most humbly urge you to critically look into this situation. This is something strange we have never experienced before. It is not good for human health,” the monarch stressed.

 

 

 

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Easter: FG Declares Friday, Monday Public Holidays

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The Federal Government has declared tomorrow (Friday) and Monday, April 6, 2026, as public holidays to mark this year’s Easter celebration.

Minister of Interior, Olubunmi Tunji-Ojo, made the declaration on behalf of the Federal Government through a statement signed by the Permanent Secretary in the ministry, Dr Magdalene Ajani.

The ministe congratulated all Christians in Nigeria and in the diaspora on the joyous occasion of Easter, and urged Nigerians to imbibe the virtues of selflessness, forgiveness, forbearance and love as exemplified by the life and teachings of Jesus Christ.

He reiterated that the goal of the government remains to make decisions that would bring about national rebirth, economic growth, and shared prosperity.

The Tide reports that good Friday will be marked tomorrow, while the Easter Sunday will be celebrated on Sunday across the world.

 

 

 

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Fubara Reads Riot Act To New SSG, CoS …Warns Against Unauthorized Meetings

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Rivers State Governor, Sir Siminalayi Fubara, has charged the newly appointed Secretary to the State Government (SSG)  and Chief of Staff (CoS) to carry out their duties with discipline, loyalty and a firm commitment to the success of the  administration and the wellbeing of the people of Rivers State.

The governor warned that any involvement in unauthorised nocturnal meetings or any  conduct capable of embarrassing the government will attract immediate dismissal.

Fubara gave the warning yesterday shortly after the newly appointed  Secretary to the State Government (SSG), Dr  Dagogo S.A. Wokoma and the new  Chief of Staff (CoS), Barrister Sunny Ewule, were  sworn in at the Executive Council  Chambers of Government House, Port Harcourt.

As part of the ceremony, the  Chief Registrar of the State High Court, David Ihua-Maduenyi   administered the Oath of Allegiance and Oath of Office on the duo before the governor gave his charge.

Addressing the appointees, Fubara reminded them that their elevation to the new positions was a call to service and not a platform for political grandstanding or the  pursuit of  personal ambition.

He stressed that their foremost responsibility should be to themselves and to the people of Rivers State, stressing that their conduct must always  reflect integrity, restraint and dedication to public good.

Speaking directly to Dr. Wokoma, whom he described as an accomplished academic and mathematician, the governor   expressed confidence in his intellectual depth and capacity to deliver on the new assignment.

The office of the Secretary to the State Government, Fubara stressed, demands thoroughness, discipline and a deep sense of responsibility. He charged the SSG  to  represent the State with honour at all times.

“Your duty includes representing the state government. You need to represent us in a way and manner that will bring honour to us.

“What is important to this administration is to see that the good works that we started  and the ones that we met, are concluded in a way that will bring progress and development to our dear state,” he stated.

Turning to the new Chief of Staff, the governor explained that  he  is expected to ensure smooth administrative coordination, managing  official engagements effectively and safeguarding the image of the Government House.

He underscored the sensitive and personal nature of the role and emphasised  that the position operates strictly under the  authority of the governor.

Fubara stressed   that  the role   does not permit independent political engagements or private strategy meetings  without his knowledge and consent.

“Let me sound it here very clearly. Your duty  is to make sure that you handle the administrative duties  and image making roles perfectly well,  liaising with whoever is coming for any official assignment here.

“If you involve yourself in nocturnal meetings and all those things, I will sack you. I’m very serious. What is important to me today is peace, progress and prosperity of this state. I’m not going to compromise anything for it,” he said.

The governor cautioned that involvement of the new appointees in  any action capable of bringing  the government or his office to disrepute would attract appropriate sanctions.

While congratulating the new appointees, Fubara expressed optimism that they would justify the confidence reposed in them.

He called on all public officials to work together in unity, observing that collective success is stronger and more enduring than individual achievement.

The governor who also addressed the Permanent Secretaries present at the ceremony, directed those of them who have reached retirement age to start   preparing their handover notes without delay.

The notice, he said, was not intended to scare anybody but to prepare their minds towards the inevitability of exiting the service  one day and to pave way for an orderly transition.

He warned against any attempt to engage in financial misconduct or last-minute irregularities, stressing that he was closely monitoring  the system to ensure strict enforcement of accountability rules.

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