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NNPCL’s July Operations Data Show Remittances to FG Hit N7.96tn in 6 Months

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The July 2025 Monthly Report Summary of the Nigerian National Petroleum Company Limited (NNPCL) shows that statutory remittances to the Federation Account from January to June reached N7.965 trillion.

Although the NNPCL did not specifically state how much it remitted to the federation account in July, it pointed out that its revenue for last month was N4.4 trillion, while Profit After Tax (PAT) stood at N185 billion.

In contrast, a profit after tax of N905 billion was recorded for its June operations, which was at the time, a drop from the N1.054 trillion recorded in the previous month of May. It did not clearly indicate what this sharp drop was pinned on.

The NNPCL total revenue of N4.4 trillion for July released last night was also a fall from the revenue of N4.571 trillion recorded in June and also down from the N6.008 trillion earnings which it made in the May 2025 reporting circle.

However, the report showed that Nigeria’s crude oil and condensate output continued to recover, reaching 1.70 million barrels per day in July, about the highest level recorded in 2025.

Crude oil accounted for 1.4 million bpd of this production figure during the month under consideration, while condensate contributed 290,000 bpd, representing a steady improvement from June’s 1.68 million bpd and January’s 1.67 million bpd.

Besides, the national oil company recorded a strong performance in natural gas production, which averaged 7.72 billion standard cubic feet per day (bscf/d) in July,the highest so far this year, from 6.615 billion BSF per day in February.

In the same vein, gas sales climbed, reaching 4.978 bscf/d in July, an increase from 4.74 bscf/d in June and 4.70 bscf/d in May as well as 3.545 bscf/d in in February, the lowest this year so far.

The report noted that increased gas volumes were boosted by progress on critical infrastructure projects, including the Obiafu-Obrikom-Oben (OB3) Gas Pipeline and the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline.

On its strategic efforts, NNPCL stated that it sustained crude oil and condensate production, improved uptime of production facilities and continued stakeholders’ collaboration and operational efficiency.

Also, it stated that additional subcontractors have been deployed to expedite completion of mainline works and fast track project completion on the AKK gas pipeline, while it has commenced implementation of revised execution strategy towards expedited completion of OB3 River Niger Crossing.

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Besides, it stated that 113km portion of OB3 Gas pipeline has been commissioned and flowing about 300mmscf/d of gas from the following gas producers: AHL 250 mmscf/d as well as Platform, Chorus and Xenergi – 50 mmscf/d.

As for NNPCL’s Foundation Public Impact Initiatives, it said the Foundation coordinated the donation of 35 CNG Buses to Presidential Initiative on CNG (PI-CNG), in conjunction with the offices of EVP Downstream and EVP, Business Services.

As part of its commitment to environmental sustainability and climate change mitigation, the NNPCL maintained that it sustained the planting of 200,000 trees, which commenced in Katsina State.

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NEWS

Nigeria Wants to Export Electricity to Togo While Citizens Face Outages

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Nigeria is preparing to increase electricity exports to Togo through the Niger Delta Power Holding Company (NDPHC), even as many Nigerians continue to experience power shortages at home.

The move comes as Togo seeks to meet rising domestic electricity demand.

The Managing Director/CEO of NDPHC, Jennifer Adighije, confirmed the development following discussions with Togo’s national electricity utility, Compagnie Energie Electrique du Togo (C.E.E.T).

SEE MORE: How Nigerians Can Resolve Electricity Complaints – NERC Explains

The visiting C.E.E.T delegation was led by its Director-General, Débo‑K’mba Barandao, who described the talks as productive and aimed at strengthening regional energy cooperation.

Barandao said C.E.E.T currently imports about 75 megawatt-hours of electricity from NDPHC under a bilateral arrangement.

“The imported electricity has played a significant role in sustaining stable power supply and economic activities across Togo,” he noted.

He added that rising electricity demand, especially in the industrial and commercial sectors, alongside government efforts to expand national access, has prompted the utility to seek additional supply.

According to Barandao, Nigerian electricity imports help maintain reliable and affordable power for households, businesses, and public institutions across Togo.

He commended NDPHC for its consistency, saying the partnership has strengthened Togo’s national grid and regional energy cooperation.

Responding, Adighije reiterated NDPHC’s readiness to deepen cooperation and sustain electricity exports to neighboring countries.

She emphasized that the company operates multiple plants under the National Integrated Power Project, with sufficient capacity to support increased regional supply.

She added that expanding electricity exports would require bankable and sustainable commercial arrangements between both parties.

“A reliable payment framework will safeguard NDPHC’s interests and enable continued support for regional energy stability through power exports,” Adighije said, highlighting the need for credible financial guarantees and structured payment mechanisms to reduce risks associated with cross-border electricity trade.

Both parties reaffirmed their commitment to developing workable frameworks for increased electricity supply from Nigeria to Togo.

Industry analysts say this reflects a growing effort among West African countries to deepen regional electricity trade and address persistent power shortages.

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NEWS

‘Why My Retirement Came at the Perfect Time’ — Ex-IGP Kayode Egbetokun

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Former Inspector-General of Police, Kayode Egbetokun, has explained why he believes his retirement from the leadership of the Nigeria Police Force came at the perfect time, describing it as the fulfilment of God’s divine plan.

Egbetokun made the remarks during a retirement thanksgiving service held in his honour at the Force Headquarters Chapel in Abuja.

The event also featured the inauguration of the Police Chaplaincy building and was attended by senior police officers, clergy and other worshippers.

SEE MORE: Adeleke Urges IGP to “Call Osun CP to Order

Reflecting on his appointment as Inspector-General in 2023, the former police chief revealed that he never expected the role when it came.

According to him, the first thing he did after entering his office was to pray.

“I was not expecting the appointment when it came. The first thing I did when I entered the office alone was to pray,” he said.

Egbetokun disclosed that after assuming office, he made three personal prayers to God.

He said he prayed for wisdom to effectively lead the police institution, the grace to complete his tenure successfully, and the ability not to remain in office beyond the time divinely allotted to him.

“My first prayer was for wisdom to run the office, the second was for grace to end well, and the third was not to stay a day longer than God permits. I believe God has answered those prayers,” he added.

The retired police boss also reflected on his career journey, noting that faith played a significant role in his rise from his early days after graduating from the police academy to eventually becoming Nigeria’s top police officer.

He further recounted a dream he had before joining the force, in which he saw himself as a Deputy Inspector-General of Police travelling in a police vehicle bearing the registration number “NPF02.”

According to him, the experience later taught him that life can unfold in unexpected ways.

Egbetokun added that throughout his career he remained conscious of how his actions could influence public perception of the police, a reality he said guided his conduct while in office.

“I knew whatever I did would affect the image of the force, so I made it my duty to remain professional and uphold integrity, transparency and fairness,” he stated.

In his remarks, the Force Chaplain, Joshua Omoyele, commended Egbetokun for completing the Police Chaplaincy building project during his tenure, describing it as a lasting legacy.

Omoyele also praised the former police boss for his strong commitment to Christian service even before his appointment as Inspector-General, noting that he maintained that devotion throughout his time in office.

He further highlighted Egbetokun’s past roles in the police force, including his tenure as Commissioner of Police in Kwara State and Assistant Inspector-General in Zone 7.

 

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Aviation

Airfares Likely to Rise as Aviation Fuel Price Spikes by 80%

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The Airline Operators of Nigeria (AON) has declared that airlines operating in Nigeria have come under financial pressure following a sharp increase in the price of Jet-A1, also known as aviation fuel.

According to the group, the price of aviation fuel, has surged to about N1,800 per litre in many parts of the country, from about N1,000 per litre two weeks ago. This amounts to almost an 80 per cent increase within a short period.

Aviation fuel remains the largest cost component in airline operations, accounting for about 30 to 35 per cent of total operating expenses.

Industry stakeholders have linked the latest spike to the ongoing conflict in the Middle East, which has pushed up global energy prices.

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Speaking on Channels Television on Friday, the spokesperson for the Airline Operators of Nigeria, Prof Obiora Okonkwo, said the surge had placed airlines under severe financial strain.

According to him, most carriers have so far refrained from immediately transferring the additional cost burden to passengers, despite the pressure on their operations.

“Two weeks ago, we were getting Jet-A1 at about N1,000 per litre, which today is about N1,800, and even more in some stations. We have experienced an increase of about 80 per cent. That’s quite a spike,” Okonkwo said.
He explained that airlines were currently absorbing the losses in order to avoid worsening the economic burden on the travellers.

“We are not in a business where you can easily adjust your ticket price. Right now what we are doing is that we are bleeding. We are taking the blow. We are selling tickets at very non-profitable prices. We are losing a lot of money,” he said.

Okonkwo warned that the situation might not be sustainable if fuel prices continue to rise without government intervention.

“Obviously, adjustments will be expected anytime soon. But again, we are very sensitive to the economic situation of Nigerians and our travellers,” he added.

He noted that developments in the global oil market, particularly the recent release of reserve crude oil, could influence fuel prices in the coming weeks.

Okonkwo also urged the Federal Government to explore engagement with the Dangote Refinery as part of efforts to stabilise aviation fuel supply locally.

“We were more hopeless in a situation where there was no refinery in Nigeria in the last two years. Now that we have a refinery, we are hopeful that we can find a solution around it,” he said.

According to him, if the spike persists, some airlines may struggle to continue absorbing the losses associated with the rising cost of aviation fuel.

Meanwhile, the AON spokesperson also reacted to the decision by the Federal Competition and Consumer Protection Commission to sanction about five airlines over alleged price fixing.

Okonkwo said while the commission has regulatory powers, the aviation sector remains deregulated, making coordinated price fixing unlikely.

“There is no meeting of airlines where they agree to fix prices. Fixing prices would mean operating as a cartel, and that is not the case,” he said.

He explained that airline ticket pricing varies widely because different aircraft types attract different operating costs.

“Each airline determines its fares based on its own operational costs,” he said.

Okonkwo added that airlines must also demonstrate financial viability to regulators as part of the conditions for maintaining their operating licences.

“At every point in time, you must prove to the regulators that you are financially viable and capable of sustaining operations,” he said.

He urged regulators to take into account the fragile nature of the aviation industry when making policy decisions affecting airlines.

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