By Adedapo Adesanya

The chief executive of the Nigerian National Petroleum Company (NNPC) Limited, Mr Mele Kyari, has disclosed that his organisation remitted about N10 trillion into the purse of the federation last year.

Speaking on Wednesday during a presentation on NNPC Limited’s 2024 revenue performance and 2025 projections to the National Assembly’s joint committee on Finance, Mr Kyari the NNPC was the highest taxpayer in the country in 2024 with the N10 trillion paid to the nation, claiming the state-oil company remains the only in Nigeria to publish 100 per cent of its account statements annually.

The NNPC boss also called for a forensic audit of the funds spent by the company on fuel price stabilization and ensuring uninterrupted petrol supply between January and September 2024.

“Until October 1, 2024, NNPCL, as mandated by the Petroleum Industry Act (PIA), acted as the supplier of last resort for fuel supply,” he boasted.

“A forensic audit is needed to determine the financial obligations of NNPCL and any owed entities. Our transactional accounts are transparent and published annually, reinforcing our status as the top taxpayer and the highest contributor of royalties and dividends,” the NNPC chief added.

Regarding the company’s 2025 revenue projections, Mr Kyari indicated that a definitive figure would be provided after the upcoming board of directors meeting in two weeks, assuring the committee that the parameters for the 2025 budget were both realistic and achievable.

Recall that last year, the NNPC claimed that the 125,000 barrels per day Warri Refinery was operating at 60 per cent capacity and will focus on producing and storing critical products, including Straight Run Kerosene (SRK), Automotive Gas Oil (AGO), and heavy and light Naphtha. after the first 110 barrels per day refinery in Port Harcourt was operational.

The NNPC also noted that Kaduna Refinery and the 150,000 barrels per day second refinery in Port Harcourt will consolidate Nigeria’s position as a global energy provider.

By Modupe Gbadeyanka

Boko Haram must put an end to its vicious killing spree in the northern part of Nigeria, the Amnesty International (AI) has declared.

In a statement to condemn the killing of more than 40 civilians by the terrorist group, AI said Boko Haram must be held to account for its years of atrocities, including war crimes in the country.

On Sunday, January 12, 2025, members of the terror organisation attacked the victims on farming communities in Borno State, killing the inhabitants at close range.

In the statement, AI condemned in strong terms “the executions of these civilians which, once again, shows Boko Haram’s utter disregard for the sanctity of human life and for rules of international humanitarian law.”

“Boko Haram must be held to account for its years of atrocities, including war crimes,” the organisation declared in the statement.

“Our findings show that Boko Haram rounded up the farmers and fishermen, separated the men and shot them at close range.

“Those who attempted to flee were pursued and killed while dozens more were injured. A search for dead bodies is still ongoing while a mass burial is being planned for those killed.

“As well as killings targeting civilians, Boko Haram continues to abduct women and girls and extensively loot property.

“The fact that such atrocities remain commonplace shows that more needs to be done to protect civilians and ensure that families of victims receive reparation and justice,” it stated.

Over the weekend, Boko Haram fighters executed over 40 farmers and fishermen at Dumba community near Baga Borno state northeast.

A resident of Baga told AI that dozens of people have been injured and many are missing. Those killed have been buried.

Since 2020, Boko Haram has been targeting farmers and farmers around the Lake Chad. The armed conflict in northeast Nigeria has been ongoing since at least 2011 and it has created a humanitarian crisis, with more than 2 million people displaced, according to the United Nations.

Amnesty International has repeatedly documented crimes under international law and other serious violations of international human rights and humanitarian law committed by both Boko Haram and the Nigerian military in the context of the conflict in northeast Nigeria.

 By Adedapo Adesanya

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has set a production target of at least 2.1 million barrels of oil per day for the country this year, 2025.

The commission’s chief executive, Mr Gbenga Komolafe, announced this during his appearance before the Senate Committee on Appropriation.

Mr Komolafe highlighted the significant strides made by the agency since its establishment in 2021, noting that Nigeria’s rig count, which stood at 16 as of 2021, has now doubled to 32 under the commission’s oversight.

This increase reflects ongoing efforts to boost upstream activities and enhance the country’s crude oil production capacity.

He added that the bold production target by NUPRC aims to position Nigeria as a more competitive and sustainable player in the global oil and gas industry.

This is as the commission in its latest oil production data indicated that on a month-on-month basis, daily average oil output in December 2024 declined by 1.35 per cent from 1.690 million barrels per day recorded in November 2024 to 1.667 million barrels per day.

Data from the organisation also indicated that daily peak oil production in December 2024 was 1.79 million barrels per day while the lowest daily production was 1.57 million barrels per day.

Cumulatively, oil output in December 2024, was 51.69 million barrels, a marginal increase of 1.9 per cent when compared to 50.71 million barrels produced in November 2024.

Further analysis of the data showed that the highest oil output in December 2024 was recorded at Forcados Terminal at 8.49 million barrels followed by Bonny Terminal, 7.78 million barrels and Qua Iboe, 4.15 million barrels.