The Nigerian National Petroleum Corporation
(NNPC), which made this known in its January financial report released
recently, said total export receipt of $434.12million was recorded in January
2018 against $476.25million in December 2017.
It
disclosed that contribution from crude oil amounted to $305.76 million while
gas and miscellaneous receipt stood at $113.14million and $15.22million
respectively. Of the export receipts, $106.68million was remitted to the
Federation Account, while $327.44million was remitted to fund the Joint Venture
(JV) cost recovery for January, to guarantee current and future production.
NNPC
stated that the domestic crude oil and gas receipt during the month amounted to
N111.74billion, consisting of N108.98billion from domestic crude oil, and
N2.75billion from domestic gas.
Hmmm!!! Folks, let us say
the truth and shame the devil. Many Nigerian non-oil products exporters have
been defrauded of huge amount of money in the process of exporting agricultural
commodities and solid minerals to foreign countries. Do you know why? They were
not trained on export operations, management, documentations and the best
methods of payment in export trade. This is terrible!!! Nigerians cannot
continue to lose money to foreigners in the course of export business.
Exporters, would you like to keep on being scammed? Why don’t you get a
practical manual that explains the stages of export trade from processing and
packaging of commodities to receipt of payment by the foreign buyers? It
explains export operations, export management, export documentations and
methods of payment in export trade? Yes, it is a contemporary step-by-step
guide to export trade. It tells all the contemporary dynamics in export trade.
To get it, click on the link below:
It
also revealed that the Corporation had signed two sets of alternative financing
agreements with NNPC/Chevron Nigeria Limited (CNL) JV, and NNPC/Shell Petroleum
Development Company (SPDC) JV on Joint Venture (JV) projects expected to
generate incremental revenues of about $16billion within the assets’ life
cycle. These will engender a flurry of exploratory activities that would
generate employment opportunities in the industry, boost gas supply to power,
and rejuvenate Nigeria’s industrial capacity utilisation.
Meanwhile,
the petrol distribution sector generated total revenues of N1.717trillion from
the sale of Premium Motor Spirit (PMS), from January 2017 to January 2018.This
is even as products theft and vandalism, continued to destroy value, and put
NNPC at a disadvantaged competitive position, as a total of 1336 vandalised
points were recorded year-on-year to January 2018.
“The Corporation has also stepped up the resuscitation of some of
its critical pipelines and depots such as the Ejigbo depot, the Atlas
Cove-Mosimi Depot Pipeline, Port Harcourt Refinery-Aba Depot Pipeline,
Kaduna–Kano Pipeline, and the Kano Depot, which have enhanced efficiency in
products distribution.
“The Corporation is inching closer to choosing financiers for the
Port Harcourt Refining Company Limited, Warri Refining and Petrochemical
Company Limited, and Kaduna Refining and Petrochemical Company Limited towards
a 90 per cent capacity utilisation per stream day before the end of 2019,” it added.
The
Group Managing Director, NNPC, Dr. Maikanti
Baru, disclosed recently that the Corporation will soon diversify its
revenue inflow, using Nigeria’s enormous gas resources to mitigate the impacts
of future declining crude oil prices, industrialisation viz – Gas to Power, Gas
to Urea, Methanol and Fertilizers among others uses.
Furthermore,
NNPC said the recently approved contract for the construction of
Ajaokuta-Abuja-KadunaKano (AKK) Gas Pipeline project, has started yielding
early benefits with the commitment by NNPC to build power generating plants
with combined capacity of 3600MW in Abuja, Kaduna, and Kano states.
Have you heard this? Many
Nigerian exporters have been defrauded of huge amount of money in the process
of exporting commodities to foreign countries. Do you know why? They were not
trained on export operations, management, documentations and the best methods
of payment in export trade. This is terrible!!! Nigerians cannot continue to
lose money to foreigners in the course of export business. Exporters, why don’t
you get a practical manual that teaches the stages of export trade from
processing and packaging of commodities to receipt of payment by the foreign
buyers. It teaches export operations, export management, export documentations
and methods of payment in export trade? It is a contemporary step-by-step guide
to export trade. It tells all the contemporary dynamics in export trade. To get
it, click on the link below:
Hmmm!!! Folks, have you ever
imagined how the financial status of your firm will be when more than 20,000
CEOs and other key decision makers of blue-chip corporations pay for your
products and services or even give you very juicy deals. The link below will
tell you more: http://www.tectono-business.com/2015/07/tectono-business-review-in-conjunction_21.html
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