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NNPC records ₦43.57bn trading surplus in April

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The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of ₦43.57bn in April 2021 representing a 23.64% increase over the ₦35.24bn surplus it recorded in the previous month of March 2021.
This is contained in the April 2021 edition of the NNPC Monthly Financial and Operations Report (MFOR), according to a press release by the Group General Manager, Group Public Affairs Division of the Corporation, Dr. Kennie Obateru.
Trading surplus or trading deficit is derived after deduction of the expenditure profile from the revenue for the period under review.
According to the report, the NNPC Group operating revenue in April 2021, as compared to March 2021, increased by 17.73% or N80.67bn to stand at N535.61bn.
Similarly, expenditure for the month increased by 17.24% or N72.34bn to stand at N492.05bn, while expenditure as a proportion of revenue stood at 0.92, same as last month.
The report attributed the rise in trading surplus to the activities of the Corporation’s Upstream subsidiary, the Nigerian Petroleum Development Company (NPDC), such as crude oil lifting from OML 119 (Okono Okpoho) and OMLs 60, 61, 62, 63 (Nigerian Agip Oil Company), as well as increase in gas sales.
The positive outlook was further consolidated by the robust gains of two other subsidiaries namely: Duke Oil and the National Engineering and Technical Company (NETCO).
In the Downstream, to ensure uninterrupted supply and effective distribution of fuel across the country, a total of 1.67billion litres of Premium Motor Spirit (PMS) translating to 55.79mn liters/day were supplied in the month under review.
The report also showed a 34.29% reduction in the number of pipeline points vandalized from 70 in the previous month of March 2021 to 46 in April 2021. While Port Harcourt area accounted for 54%, Mosimi area accounted for 46% of the vandalized points.
In the Gas sector, a total of 209.27billion cubic feet (bcf) of natural gas was produced in the month under review, translating to an average daily production of 6,975.72million standard cubic feet per day (mmscfd).
For the period of April 2020 to April 2021, a total of 2,902.52bcf of gas was produced, representing an average daily production of 7,369.76mmscfd during the period.
Period-to-date production from Joint Ventures (JVs), Production Sharing Contracts (PSCs) and NPDC contributed about 62.07%, 19.95% and 17.98% respectively to the total national gas production.
In terms of natural Gas off-take, commercialization and utilization, out of the 206.40bcf supplied in April 2021, a total of 126.83bcf of gas was commercialized consisting of 42.92bcf and 83.91bcf for the domestic and export markets respectively.
This translates to a total supply of 1,430.90mmscfd of gas to the domestic market and 2,976.94mmscfd of gas supplied to the export market for the month.
This implies that 61.45% of the average daily gas produced was commercialized while the balance of 38.55% was either re-injected, used as upstream fuel gas or flared. Gas flare rate was 9.74% for the month under review (i.e. 670.19mmscfd) compared with average gas flare rate of 7.42% (i.e. 542.22mmscfd) for the period of April 2020 to April 2021.
A total of 795mmscfd was delivered to gas-fired power plants in the month of April 2021 to generate an average power of about 3,416 MW.
NNPC started publishing its Monthly Financial and Operation Report in October 2015, making the April 2021 edition the 69th in the series. It is published in line the commitment of the Corporation’s Management to be more transparent, accountable to its stakeholders and the Nigerian public.

Dr. Kennie Obateru
Group General Manager
Group Public Affairs Division
Nigerian National Petroleum Corporation
NNPC Towers, Abuja.
8th August 2021.


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Oregon dog’s 12-inch ears earn Guinness World Record

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Lou, a 3-year-old canine belonging to Paige Olsen, officially has the longest ears on a dog (living).
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An Oregon woman’s black and tan coonhound earned a Guinness World Record when each of her ears was measured at 12.38 inches long.

Guinness said Lou, a 3-year-old canine belonging to Paige Olsen, officially has the longest ears on a dog (living).

Olsen said she always knew Lou’s ears were “extravagantly long,” but she only decided to measure them while sheltering in place during the COVID-19 pandemic.

“All black and tan coonhounds have beautiful long ears, some are just longer than others,” Olsen, a veterinary technician, told Guinness.

Olsen said Lou’s especially long ears have not led to any medical complications for the canine.

“Of course everyone wants to touch the ears, they’re very easy to fall in love with with just one sighting,” she said.

Olsen said Lou is also a competitor at dog shows and has earned titles from the American Kennel Club and Rally Obedience.

Source: (UPI)


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Breaking: Ganduje appoints new Emir of Gaya

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Governor Abdullahi Umar Ganduje of Kano State has in the early hours of Sunday appointed Alhaji Aliyu Ibrahim-Gaya as the new emir of Gaya.

Ibrahim-Gaya succeeded his late father, Alhaji Ibrahim Abdulkadir who died at the age of 91 years after protracted illness.

The Secretary to the State Government, Alhaji Usman Alhaji announced the appointment on behalf of the Governor.

More to come…


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Tanks head for Kosovo-Serb border as Balkans tensions grow

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A Kosovo security unit trooper guards the border with Serbia as the Balkan nations trade accusations.
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Kosovo’s Prime Minister Albin Kurti has accused neighbouring Serbia of “provoking a serious international conflict”, with tensions between the two countries at their highest for years.

In the latest flashpoint, two interior ministry offices in northern Kosovo were on Saturday attacked near border crossings blocked by local Serbs angered by a ban on cars with Serbian licence plates entering the country.

The car registration office in the town of Zubin Potok was set ablaze, and two hand grenades were thrown at the civil registration office in the nearby town of Zvecan, though they did not go off, police said.

There was no mention of any casualties.

Serbs from Kosovo’s north have blocked two main roads near the border since the government ban went into force on Monday.

Drivers from Serbia must now use temporary printed registration details that are valid for 60 days.

The Kosovo government says its move mirrors measures in force in Serbia against drivers from Kosovo since 2008, when Kosovo declared independence from their neighbour.

Serb fighter planes flew close to the border crossing of Jarinje where protesters cheered them. A day before, three helicopters also flew in the vicinity.

Media in Belgrade reported that tanks and other military equipment were heading towards the border, but the Serb army did not give any details.

NATO’s mission in Kosovo, where peacekeepers maintain a fragile peace, called for restraint.

Source: (NewDaily)


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