NEWS
NNPCL’s July Operations Data Show Remittances to FG Hit N7.96tn in 6 Months
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.
NEWS
Fire Breaks Out In Kubwa As Vehicle Crashes Into Gas Station
Panic broke out in Kubwa, Abuja, on Sunday after a vehicle crashed into a gas dispensary outlet at Liberty Junction on Arab Road, triggering a fire.
According to eyewitness accounts, the vehicle was travelling from Arab Road towards Liberty Junction when it reportedly lost control following a brake failure.
The vehicle subsequently skidded off its lane, crossed the road and plunged into the gas station, resulting in a fire outbreak.
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The fire was quickly brought under control following a coordinated response by operatives of the Federal Fire Service, FCT Fire Service and the National Emergency Management Agency (NEMA).
The occupants of the vehicle were rescued unhurt by passers-by and witnesses who responded to the incident.
However, several makeshift shops adjoining the gas outlet were destroyed in the fire.
The prompt intervention of the emergency responders helped to curtail the spread of the fire and prevent further damage.
NEWS
‘Obi Did Not Loot A Kobo’ — Obiaraeri Compares Peter Obi, Akpabio’s Records
Financial expert Nnaemeka Onyeka Obiaraeri has defended former Anambra State Governor Peter Obi against comparisons with former Akwa Ibom State Governor Godswill Akpabio, citing what he described as differences in the financial records of the two states during their respective tenures.
Obiaraeri made the remarks in a post on X on Sunday while responding to comparisons involving the two former governors.
According to him, Akwa Ibom State, under Akpabio between 2007 and 2015, received an estimated ₦2.06 trillion, which he said was equivalent to about $15.5 billion at the time.
SEE ALSO: ‘Peter Obi’s Govt Left 101 Road Projects With ₦127bn Liabilities’, Says Anambra Govt
He further claimed that the amount would be worth more than ₦21.7 trillion in today’s naira value.
Obiaraeri wrote: “AKWA IBOM STATE, UNDER GODSWILL AKPABIO, 2007 TO 2015…..
“Between 2007 and 2015, during the administration of Governor Godswill Akpabio, the Akwa Ibom State Government received an estimated total revenue of approximately ₦2.06 trillion/$15.5billion…..
“In today’s naira value, Akwa Ibom under Akpabio received over N21.7trillion.”
He also claimed that Akpabio left loan obligations of $334 million, which he put at about ₦467 billion.
Obiaraeri further alleged that there were multiple EFCC files concerning Akpabio, claiming that they documented financial misconduct during his tenure.
Turning to Anambra, Obiaraeri said the state received approximately $4.06 billion, or ₦525 billion, during Peter Obi’s tenure as governor from March 14, 2006, to March 14, 2014.
He wrote: “ANAMBRA STATE UNDER PETER OBI MARCH 14, 2006 TO MARCH 14, 2014
“Total funds and revenues received by Anambra state under Peter Obi was $4.06billion/N525billion.
“In today’s naira term is N5.4trillion.”
According to Obiaraeri, Peter Obi left behind $156 million in savings invested in an investment that generated more than $43 million, bringing the total to $199.8 million.
He added that the figure amounted to approximately ₦279 billion in today’s naira value.
Obiaraeri also claimed that more than ₦36 billion, which he equated to about $240 million, was held in Treasury Bills and other short-term naira investments.
He wrote: “However, Peter Obi left behind a total savings of $156million in an investment that yielded over $43m totaling $199.8m/N279billion in today’s naira money and over N36bn/$240m in treasury bills and other short term naira investments.”
Defending the former Anambra governor against allegations of corruption, Obiaraeri stated: “Peter Obi did not loot a kobo of Anambra monies. HE HAS NO EFCC OR FBI FILES OF CRIMINALITY ON HIM….”
He also compared Obi with other governors who served around the same period, “The Only Governor in the league of PO during his time was Raji Fashola …… Anyway, I am not surprised at some of you, who do this baseless comparison…The difference between LIGHT and Darkness is so clear to DECENT men, who love LIGHT….
“THOSE WHO ARE ROGUES, AND ASPIRING ROGUES, USUALLY LOVE DARKNESS….THEIR HEART IS DARKENED AND MIGRATE TOWARDS DARKNESS ALWAYS.”
He said ‘This is the verdict: Light has come into the world, but people loved darkness instead of light because their deeds were evil’.”
He then directly addressed those comparing the two former governors, stating: “I PUT IT TO YOU, who is mischievously comparing Apostle Peter to YOUR BARABASSES, that you are EVIL…QED.”
NEWS
‘Where Is Nigeria’s President?’ — Obi Questions Tinubu’s Third Straight UNGA Absence
Former Anambra State Governor and presidential candidate, Peter Obi, has questioned President Bola Tinubu’s continued absence from the United Nations General Assembly, contrasting it with Ghanaian President John Dramani Mahama’s participation in the 81st UNGA.
Obi raised the question in a post on X on Sunday, while reacting to Mahama’s address at the global gathering.
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The former presidential candidate wrote: “The dynamic President of Ghana, John Dramani Mahama, delivered a remarkable address at the 81st United Nations General Assembly. The international community has commended his leadership and the substance of his address.
“It is a reminder of what leadership can produce when competence, capacity, compassion, commitment and character come together in the service of a nation.”
Obi then drew attention to Nigeria’s absence at the presidential level, asking why Tinubu had not attended the global gathering.
He wrote:
“Against this background, many are asking: Where is the President of Africa’s most populous nation, a country of more than 200 million people – more than Ghana – whose leader has been absent from the global stage for three consecutive UNGAs?
“Nigeria’s President, who ought to be representing the country and providing leadership for Africa at the international level, has not attended any of these three global gatherings. Where is he, particularly at a time when the country faces significant challenges, both domestically and internationally?”
Obi acknowledged that Vice President Kashim Shettima was present at the UNGA but maintained that questions remained over the President’s absence.
He stated: “Although our Vice President, Kashim Shettima, was present, the question remains: Where is the President?
“Let us continue to pray for his return and for his leadership in addressing the many challenges confronting the nation.”
Obi ended the post with his familiar political message:
Tinubu did not attend the 81st UNGA, with Shettima representing Nigeria at the gathering.
The President’s absence marks his third consecutive non-attendance at the UN General Assembly after he also did not personally attend the 79th and 80th sessions.






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