The Nigerian National Petroleum Corporation (NNPC) has announced a total crude oil and gas export earnings of $378.42 million in June, as against $133.16 million it posted in May 2020.
The corporation disclosed this in its June Monthly Financial and Operations Report (MFOR) released on Sunday in Abuja.
It said that the amount signalled a marked improvement in revenue earnings, following the ease of the COVID-19 pandemic global lockdown and the subsequent increased demand and firmer prices for the black gold in the international market.
The report indicated that petroleum receipts for the month reflected crude oil earnings of $230.65million, with gas and miscellaneous proceeds standing at $75.97million and $71.80million dollars, respectively.
It puts the total crude oil and gas export earnings for the period of June 2019 to June 2020 at $4.60 billion.
On petroleum products supply in the downstream sector, the report said that 1.34 billion litres of white products were distributed and sold across the country by NNPC’s Downstream subsidiary, the Petroleum Products Marketing Company (PPMC).
It noted that the figure was significantly higher than the 950.67million litres of white products sold and distributed in May 2020.
“Again, an apparent reflection of the gradual ease of the lockdown in the country and the picking up of business activities,” it said.
A breakdown of the June 2020 figures indicated that over 1.3billion litres of Premium Motor Spirit (PMS) also know as petrol, 5.10million litres of Automotive Gas Oil (AGO) and 1.65million litres of Dual Purpose Kerosene (DPK), were sold and distributed during the period.
“White products sale for the period from June 2019 to June 2020, stood at over 19.104billion litres, with PMS accounting for over 18.9billion litres or 99.36 per cent.
“In monetary value terms, the above volumes translated to a total sale of ₦134.22billion of white products by PPMC in June, compared to ₦92.58billion sales in May.
“Total revenues recorded from the sales of white products for the period from June 2019 to June 2020 stood at over ₦2.267trillion, where PMS contributed about 99.12 per cent of the total sales, with a value of over ₦2.247trillion,” the report revealed.
In the month under review, the report further noted that 33 pipeline points were vandalised, representing about 11 per cent decrease from the 37 points recorded in May 2020.
It said that Mosimi-Ibadan accounted for 33 per cent, while Atlas Cove-Mosimi and Warri-River Niger recorded 27 per cent of the breaks each, while other locations made up for the remaining 13 per cent.
The MFOR stated that in collaboration with the local communities and other stakeholders, the corporation would continuously strive to rein in on the incidences of pipeline breaches across the country.
In the gas sector, it said that out of the 232.03billion Cubic Feet of gas (BCF) supplied in June 2020, 148.66BCF of gas was commercialised.
This, it noted, consisted of 34.64BCF and 114.01BCF for the domestic and export market, respectively.
It noted that the transaction translated to a total supply of 1,154.78million Standard Cubic Feet of gas per day (mmscfd) to the domestic market and 3,800.45mmscfd of gas supplied to the export market for the month.
According to the report, it implies that 64.07 per cent of the average daily gas produced is commercialised, while the balance of 35.93 per cent is re-injected, used as upstream fuel gas, or flared.
The report further stated that gas flare rate for the month of June stood at 6.11 per cent, implying 472.94mmscfd, compared with average Gas flare rate of 7.84 per cent, equivalent of 611.73mmscfd for the period from June 2019 to June 2020.
Edited By: Folorunso Poroye/Wale Ojetimi (NAN)https://nnn.ng/nnpc-earns-378-42m-from-crude-oil-gas-export-in-june-report/
Edo Election: Obaseki queues up to vote
The Edo State Governor, Mr Godwin Obaseki, on Saturday followed the prescribed electoral process by standing on the queue to be accredited, before casting his vote.
The News Agency of Nigeria reports that Obaseki arrived his Oredo Ward 4 Polling Unit at Emokpae Model Primary School, Benin City at about 10:25am.
Mr Church Haris, a voter at the Governor’s Polling Unit in Oredo Ward 4 commended the governor for following the election procedure.
“I was amazed that he took a position on the queue.
“He surprised many voters in this ward. We are proud of him,’’ he said.
Rita Osahon, who also voted at the polling unit, similarly commended the governor for staying on the queue to cast his vote.
Sylvester Okoduwa, an official of the Transition Monitoring Group, an election NGO, commended the peaceful commencement of the electoral process in the Edo state capital.
He said the election had started on a peaceful note and the voters wore their face masks, observed the social distancing rule, and also washed their hands in compliance to the COVID-19 protocols.
Edo is voting to elect a governor to run its state affairs for the next four years.
The state has a total of 2, 210,534 registered voters in 18 local government areas with 192 wards.
Edited By: Constance Imasuen/Idonije Obakhedo
Edo 2020: Voters observe social distancing
Voters in Gov. Godwin Obaseki’s polling unit, Oredo Ward 4, Emokpae Model Primary School, Benin City, were seen observing physical distancing, washing hands and wearing face masks to curtail the spread of Coronavirus (COVID-19).
News Agency of Nigeria , reports that aside security check points provided at the centre of the community, residents moved around freely with their face masks.
Miss Esosa Igbinegin, a voter in Oredo Ward 1(unit 3), said that voters were observing the COVID-19 guidelines.
“Voting is going on well here and no issues at all.
“We are all on our face masks as directed,” she said.
Miss Ehi Osagie, another voter in Oredo Ward 1 (unit 3), said that security personnel were working hard to ensure a hitch-free election.
“Security teams are working well, voting is ongoing peacefully in this Ward,” she said.
Meanwhile, voters in Oredo Ward 12 with 6 units in Oba market were wearing face masks but not observing physical distancing.
Edited By: Abiemwense Moru/Felix Ajide
Ember Months: FRSC urges motorists to drive patiently, apply controlled-speed
The Federal Road Safety Corps (FRSC) has advised motorists to be patient and apply controlled-speed on the highways during this Ember-months period.
The FRSC Sector Commander in Enugu State, Mr Ogbonnaya Kalu, gave the advice while speaking with the News Agency of Nigeria in Enugu on Saturday.
NAN reports that the Ember-months included the months of September, October, November and December.
According to Kalu, the insinuation that blood sucking demons take over roads during Ember-months period is never true.
“It is human negative attitude that most times lead to increase in crashes and even deaths,’’ he said.
“The major causes of possible increase in road crashes in this period remained human impatient and negligence.
“The human deficiencies stem from impatience and anxiety to meet up personal or group target before the year runs out.
“With impatience and anxiety to meet up target; most motorists care less about other road users and even their own health and body system during this period.
“Another is the negligence of pushing out mechanically deficient vehicles during this time to make more money or returns even at the detriment of passengers and other road users as well,’’ he said.
The sector commander noted that due to the perceived human deficiencies leading to crashes; the command had already embarked on massive road safety education in parks, churches, mosques and public gatherings in the state.
According tp him, as the lead agency on road traffic management and safety; we are all out this season to ensure our people are educated and they are very cautious driving in the not friendly weathers such as rain and harmattan seasons during the Ember-months period.
“Our education also covers the need for motorists and transporters to adhere to the guidelines on COVID-19 prevention as far as vehicular movement of humans and goods are concerned,’’ he said.
He noted that the command would also carry out road audit; vehicular logistic repairs and maintenance for special end of the year and festive operation and improve on joint patrols with sister security agencies.
He said that the corps was determined to reduce crashes in the state to zero level at the end of the Ember Months this year.
Edited By: Felix Ajide
Edo Polls: Ize-Iyamu votes at Ugboko ward 4, commends conduct of Election
Pastor Osagie Ize-Iyamu, candidate of the All Progressives Congress (APC) in the Edo Governorship election on Saturday, Sept. 19 cast his vote at Ugboko ward 4, unit 26, Orhionmwon Local Government Council of the state at about 9: 25 a.m.
The News Agency of Nigeria , reports that Ize-Iyamu joined the queue at his polling unit located at Iguododo Primary school at about 9:20a.m. before casting his vote at about 9: 25a.m.
Speaking to journalists after exercising his franchise, Ize-Iyamu commended the Independent National Electoral Commission (INEC) for the peaceful and smooth electoral process.
“The process is good and going on smoothly; there is no thuggery and violence, the place is peaceful and calm.
“I am happy that INEC has a thermometer to check temperature and they also give out face masks to our people.
“We encourage our people to come out in batches so they can strictly adhere to the COVID-19 protocols of social distances”.
He said he had not been able to get information about the conduct of the election across the state due to the poor network at his voting community.
He expressed optimism that he would emerge victorious in the election saying, “I am confident of victory across the 18 LGAs of the State”.
NAN reports that accreditation and voting commenced simultaneously at Ugboko ward 5, unit 26 at about 8: 46 a.m. amidst the presence of security personnel.
Edited By: Abiemwense Moru/Maharazu Ahmed