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N49.68bn spent on pipeline repairs in 10 months – NNPC


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’Femi Asu
With the challenge of pipeline vandalism lingering in the country, the Nigerian National Petroleum Corporation spent almost N50bn to repair and manage pipelines in 10 months.
The NNPC’s latest monthly report showed that a total of 363 vandalised points were recorded from January to October 2020.
The corporation spent N5.48bn on pipeline repairs and management cost in January; N6.74bn in February; N7.69bn in March; N7.84bn in April; N7.99bn in May and N6.24bn in June.
It spent N1.80bn in July; N1.49bn in August; and N4.41bn in October. No repairs and management cost was incurred in September, the report showed. ....

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NNPC Records N1.95tn from Sale of Petrol, Others


Emmanuel Addeh in Abuja and Peter Uzoho in Lagos
The Nigerian National Petroleum Corporation (NNPC) yesterday announced sales proceeds of N1.95 trillion from white products, mainly petrol, between October 2019 and the same period in 2020.
However, THISDAY’s checks showed that compared with the same period between October 2018 and October 2019, revenues from the sale of white products fell by at least N700 billion from N2.64 trillion in the preceding 12 months to N1.95 trillion from October 2019 to October 2020.
But on a month-to-month period, October 2020 recorded a higher revenue stream from white products sales with N158 billion while October 2019 had N125.17 billion.
While a total sum of N143.4 billion was made on the sale of white products by the Petroleum Products Marketing Company (PPMC) in October 2019, compared to N125.17 billion sales in September 2019, total revenues generated from sales of white products between October 2018 and October 2019 stood at N ....

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N1.9tn Petrol Was Consumed By Nigerians In 13 Months — NNPC


 
The Nigerian National Petroleum Corporation (NNPC) has said that it recorded a total of ₦158.04bn from the sale of white products in the month of October 2020.
While white products include petrol, kerosene and diesel, the N158.04bn sales represent 92 per cent increase over the ₦80.15bn sales in September 2020.
The is contained in the October 2020 edition of the NNPC Monthly Financial and Operations Report.
According to the report, total revenues generated from the sale of white products for the period October 2019 to October 2020 stood at ₦1.95tn, with Premium Motor Spirit or petrol accounting for about 99.07 per cent of the total sales with a value of over ₦1.9tn. ....

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