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.
ALSO READ: Anti-cultism War: Edo Seals Shrines, Declares Cult Leaders Wanted
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
‘Not Off the Table’ — FG Threatens Retaliation Against South Africa Over Xenophobic Attacks on Nigerians
The Federal Government has warned that retaliatory measures against South African interests in Nigeria remain under consideration following the recent wave of xenophobic attacks targeting Nigerians and other foreign nationals in South Africa.
Minister of Foreign Affairs, Bianca Ojukwu, expressed the government’s frustration on Monday, accusing South African authorities of failing to adequately protect Nigerians from harassment, intimidation, and attacks.
Speaking to State House correspondents in Abuja, Ojukwu rejected claims that most Nigerians affected by the violence were undocumented migrants, insisting that many of them are law-abiding residents engaged in legitimate businesses.
“To say that Nigerians who are in South Africa doing legitimate business are illegal migrants is absolutely untrue,” she said.
The minister noted that Nigerians were unhappy with the treatment being meted out to them despite Nigeria’s historic support for South Africa during the struggle against apartheid.
SEE ALSO: Atiku Knocks FG’s ‘Sluggish’ Handling of South Africa Xenophobic Violence
“Nigeria is not happy because Nigeria sacrificed much for the South African struggle for independence. Nigeria committed funds and resources to aid South Africa. My generation demonstrated and protested in support of South Africa. Nigerians are not happy about how they have been treated,” Ojukwu stated.
When asked whether Nigeria could impose restrictions on South Africans living or doing business in the country, the minister said such measures had not been ruled out.
“That is a situation we are considering. This is a decision that has to be taken at the highest level of government, but it is not off the table,” she said.
Meanwhile, the Federal Government has activated a crisis response mechanism through the Nigerian Mission in Pretoria and the Nigerian Consulate in Johannesburg to assist citizens affected by the attacks.
Ojukwu disclosed that President Bola Tinubu had directed relevant agencies to ensure the safe evacuation of Nigerians willing to return home.
According to her, the number of citizens seeking repatriation continues to rise as the situation worsens in parts of South Africa.
She explained that both Nigerian and South African authorities were carrying out screening and documentation processes to facilitate the return of affected citizens.
The minister also assured that returnees would receive support upon arrival in Nigeria through collaboration with the National Emergency Management Agency (NEMA) and other government agencies.
In a related development, the Ministry of Foreign Affairs announced the postponement of the planned evacuation of 270 Nigerians from South Africa, citing unforeseen logistical challenges.
The ministry’s spokesperson, Kimiebi Ebienfa, said the flight, originally scheduled to depart Johannesburg on Monday, had been rescheduled for Wednesday to allow authorities complete necessary arrangements.
Ebienfa disclosed that more than 1,000 Nigerians had already been screened and cleared for possible evacuation.
He also clarified that, unlike previous evacuation exercises, the Federal Government would fully fund the operation and would not depend on donations from private individuals.
“The Nigerian government will not wait for philanthropists to donate their planes before doing what it is supposed to do and evacuate its citizens facing trouble anywhere in the world,” he said.
The latest developments came after South African President Cyril Ramaphosa addressed the nation on the growing anti-migrant tensions, condemning attacks on foreign nationals while promising stricter enforcement of immigration laws.
Ramaphosa urged citizens to reject violence and resolve concerns through lawful means.
“We must end illegal migration and secure our communities. However, we must overcome these challenges through peace and love, not through fear, anger or violence,” he said.
The Federal Government has reiterated its commitment to protecting Nigerians abroad and ensuring the safe return of those affected by the ongoing crisis.
NEWS
Agip Retirees Lament over 17 Years Outstanding Pension after Oando Takeover
Former staff members of the Nigerian Agip Oil Company (Oando Energy Resources Nigeria Limited), have staged a peaceful protest demanding payment of their pension salary, which has not been paid in the last 17 years.
The senior citizens, who protested under the platform, Agip Oil Company Pensioners Association of Nigeria (AOCPAN), accused the management of the company of unilaterally stopping the payment without any reason. The retirees, who brandished placards with different inscriptions, lamented that their members were dying in numbers because of hardship and inability to meet their daily needs.
They condemned the inhumanity of Oando’s management towards the vulnerable retirees, stressing that the company has blocked its gate concerning any issues about the retirees.
Some of their demands are: “Oando management is strategically out to exterminate the retirees through zero welfare support for the retirees.
“Oando bought the assets and liabilities of Agip; but, has trickishly taken the assets and abandoned the major liabilities – the retirees of Agip that bought.”
Chairman of the group, Engr. Elder Paul Sito, who addresses newsmen at the front of the company in Port Harcourt, Rivers State, yesterday, alleged spouses of late retirees were denied access to medical services which are supposed to be for lifetime.
According to Elder Paul, the management of the company does not have a welfare plan for the retirees, adding that senior citizens have been abandoned without any economic and welfare support.
ALSO READ: Loss of 5 Rigs Threaten Govt’s Revenue
Speaking further, the chairman claimed that the management has refused to follow the steps of other companies concerning retirees’ welfare.
He said: “The reasons for the protest are many; we were retirees of Agip Oil Company and as a retiree, there is a pension act concerning retirees. There are welfare and pension monthly payments for these retirees. We received this pension welfare or pension salary for years until it stopped in 2009.
“Management unilaterally stopped it. We don’t even know why, they gave us reasons that are not obtainable in the world, the reason is that because a new management came, they were looking for documents to show that the payment they have been doing should continue (a payment that they were making should continue, they are looking for a document to approve that payment) and because they didn’t see it they stopped unilaterally?”
Paul explained further: “And the association picked it up, when the association was so new and its major focus was on increase in minimum wage, which they continued with the management.
And at that time, we never had what we now call (HIPAN) Hydrocarbon Industry Pensioners Association of Nigeria – the gathering of all the five companies’ retirement representatives.
“They meet and check their books to see who is doing less and who is doing more, so that those who are doing less will go back to their management and inform them appropriately like it has always been done when we were in service and that continued until 2009 when they stopped it.
“Up till today, we have never gotten a dime. In 2023, we came out like this and they gave us 1% or less; in 2024, we also came out, they gave us another half of 1%; and now, they have cut short the welfare for our deceased spouses which was supposed to be for life, they have cut it short to two years.”
The chairman emphasized: “We are asking them to reinstate it. It is for life, every other IOC (International Oil Company) is serving for life. “We are saying whatever the retirees of each of these companies get during negotiations should be applied to the retirees in Oando.”
He lamented: “All this while, we have been suffering, we have written letters to them telling them that we want to meet so that we can give them our charter of demand; we did that last year July. they replied that okay, they have heard from us officially, that they’ll go and look for it, they went and kept looking at it for months. When our letters will not be replied anymore.
“We planned to come out and they heard of it and they immediately called us for a meeting. We went and they still promised us and up till now, they brought nothing. The other oil companies are increasing pensioners salaries every year, but here, it’s a different story.”
One of the retirees, who simply gave her name as Mrs. Regina, lamented that the stipend they receive from the company is of no value to the current economic condition in the country.
High Chief Oluwa Oluwaneye said: “You can see me, I was not like this, I was a good player and a good wrestler and now what God gave to me to satisfy my family, I can’t provide it again because of the condition.
“I entered this Agip in 1955. He (owner of Oando) said he is fit to buy the company; he should know that the people who worked in the company and gave him the power to come and buy, he should empower them.”
NEWS
Loss of 5 Rigs Threaten Govt’s Revenue
A sharp decline in oil drilling activities which has led to the loss of five active rigs within a month might be threatening Nigeria’s revenue outlook.
According to a report by the African Energy Council (AEC), the slump in Nigeria’s rig count has raised concerns over future crude production, government earnings and fiscal stability.
The report revealed that Nigeria’s active rig count dropped from 17 in March to 12 in April 2026, representing a decline of nearly 30 per cent in just one month and signalling weakening upstream investment and exploration activities.
Rig count, a key indicator of oil and gas exploration and production activities, measures the number of drilling rigs actively operating within a country or region.
Industry experts often regard it as a leading indicator of future production levels. The development comes at a time when Nigeria is struggling to meet its crude oil production targets and relies heavily on petroleum earnings to finance government expenditure.
ALSO READ: Dangote Named Africa’s Most Admired Brand for 8th Consecutive Year
According to the report, the decline in rig activity poses a direct threat to the Federal Government’s 2026 budget benchmark of 1.84 million barrels per day (bpd), especially as actual production stood at about 1.48 million bpd in April 2026.
The AEC noted that while the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) reported 31 active rigs during the period, the Organisation of Petroleum Exporting Countries (OPEC) placed the figure at 12.
It explained that the discrepancy likely reflects differences in counting methodologies, including whether rigs on standby are classified as active.
Despite the differing figures, the Council stressed that both data sets point to a downward trend in drilling activity.
The think tank warned that with only 12 active rigs operating in April, Nigeria’s future production capacity is under severe threat unless urgent measures are taken to reverse the decline.
It further observed that the country’s rig count had already fallen from 15 in 2024 to 13 in 2025, indicating that several potential barrels that should have contributed to current production were never drilled.
“AEC views Nigeria’s upstream retreat with serious concern. A 41.7 per cent single-month rig count collapse, compounding revenue losses exceeding $3.1 billion, and a widening gap between NNPC’s 2030 ambitions and ground-level drilling activity signal a sector in structural distress rather than a cyclical downturn,” the report stated.
While Africa drills forward, Nigeria drills back. Without urgent policy action, Nigeria risks permanently ceding both its relevance within OPEC and its opportunity to monetise reserves before the global energy transition narrows that window.
The warning comes against the backdrop of mounting fiscal pressures. Oil revenues account for roughly 60 per cent of government earnings, meaning lower production could translate into wider budget deficits and increased borrowing.






Magnificent web site. Plenty of helpful info here. I am sending it to some pals ans additionally sharing in delicious. And of course, thank you in your sweat!
Hello there! Do you know if they make any plugins to assist with SEO? I’m trying to get my blog to rank for some targeted keywords but I’m not seeing very good success. If you know of any please share. Appreciate it!
You are my intake, I have few blogs and sometimes run out from to post : (.
Good post. I learn one thing tougher on completely different blogs everyday. It would all the time be stimulating to read content material from other writers and follow a little bit one thing from their store. I’d desire to use some with the content material on my blog whether you don’t mind. Natually I’ll provide you with a link in your internet blog. Thanks for sharing.
I’m still learning from you, as I’m trying to reach my goals. I certainly liked reading all that is written on your site.Keep the information coming. I enjoyed it!
Hiya, I am really glad I have found this information. Nowadays bloggers publish just about gossips and internet and this is really irritating. A good website with exciting content, this is what I need. Thanks for keeping this website, I’ll be visiting it. Do you do newsletters? Can not find it.
Thanks , I have recently been looking for information about this topic for ages and yours is the greatest I’ve discovered till now. But, what about the bottom line? Are you sure about the source?
Great ?V I should definitely pronounce, impressed with your site. I had no trouble navigating through all tabs as well as related info ended up being truly easy to do to access. I recently found what I hoped for before you know it at all. Reasonably unusual. Is likely to appreciate it for those who add forums or something, website theme . a tones way for your client to communicate. Nice task..
Good day very cool blog!! Guy .. Beautiful .. Superb .. I’ll bookmark your site and take the feeds also…I am satisfied to find so many useful information here within the post, we want develop more techniques on this regard, thank you for sharing. . . . . .
I rattling pleased to find this web site on bing, just what I was searching for : D also saved to fav.
Very interesting details you have observed, thankyou for posting.
I haven?¦t checked in here for some time because I thought it was getting boring, but the last few posts are good quality so I guess I?¦ll add you back to my daily bloglist. You deserve it my friend 🙂
I enjoy the efforts you have put in this, thank you for all the great content.