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Nigeria: NNPC declares N 287 Billion as Profit after tax

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The Nigerian National Petroleum Corporation, NNPC has announced a profit after tax of N287 Billion.

A statement by Special Adviser to the President on Media and Publicity, Mr Femi Adesina, on Thursday said the profit was the first of its kind in the Corporation’s 44 years history.

The statement said, the President who also doubles as the minister for petroleum resources stated that the declaration was in fulfillment of an earlier pledge by the Federal Government to publicly announce the financial position of the NNPC.

 “I am pleased to announce the declaration of Profit after Tax of Two Hundred and Eighty-Seven Billion Naira (N287 billion) in the Year 2020 by the Nigerian National Petroleum Corporation.

Also Read: Nigeria: DSS has information on terrorism sponsors but can’t…

”This is the sequel to the completion of the statutory Annual Audit exercise for the Year 2020.

”The NNPC losses were reduced from N803 billion in the year 2018 to N1.7 billion in the year 2019 and the eventual declaration of Net Profit in the year 2020 for the first time in its 44-year history.

“This development is consistent with this administration’s commitment to ensuring prudent management of resources and maximization of value for the Nigerian people from their natural resources.

 “I have further directed the Nigerian National Petroleum Corporation to timely publish the Audited Financial statements in line with the requirements of the law and as follow up to our commitment to ensuring transparency and accountability by public institutions.

“I congratulate the Board, Management and Staff of the Corporation and look forward to greater value creation for the Nigerian people,” he said

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Christmas: VP Shettima Assures Citizens Of FG’s Commitment To Their Welfare

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Christmas: VP Shettima Assures Citizens Of FG’s Commitment To Their Welfare

*** Says national security, economic transformation remain President Tinubu’s priorities

By: Our Reporter

Vice President Kashim Shettima has assured Nigerians of the federal government’s dedication to national security, economic transformation, and welfare of the citizens.

In a Christmas message on Wednesday, the Vice President said the administration of President Bola Ahmed Tinubu remains unwavering in its focus on these critical areas, as the country looks forward to the dawn of a new year.

He said, “In these times of economic transformation, I want to assure you that the President Bola Ahmed Tinubu administration remains steadfast in its commitment to improving the lives of all Nigerians.”

Vice President Shettima particularly urged the citizens to imbibe the virtues of national unity during the yuletide season.

“Nigeria’s diversity remains our greatest strength. Let us avail ourselves of the time provided by the holiday season to strengthen the bonds of brotherhood that unite us across all faiths and regions,” he said.

Senator Shettima assured Nigerians of the continued vigilance of the nation’s security forces, noting that “our brave security personnel will continue to work round the clock during this festive period to keep us safe.”

He said enhanced security measures have been put in place to protect the citizens during the holiday period.

“The relevant agencies have been mobilized to ensure your safety and comfort on all major routes,” he stated, urging travelers to remain vigilant.

VP Shettima expressed optimism about the nation’s trajectory in the coming year, saying, “I am filled with hope and optimism about Nigeria’s future. Together, we will build a more prosperous and united nation.

“To our young people, you are the backbone of our nation. The Renewed Hope administration is implementing various initiatives to create opportunities for you to thrive and contribute to Nigeria’s development,” he added.

Christmas: VP Shettima Assures Citizens Of FG’s Commitment To Their Welfare

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GEAR UP FOR GREATER RESPONSIBILITIES

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GEAR UP FOR GREATER RESPONSIBILITIES

By: CHIVIR JOEL

Newly decorated officers of the Nigerian Army Intelligence Corps (NAIC), have been told to gear up for greater responsibilities ahead. The Special Guest of Honour (SGOH), at he investiture ceremony which held on 24 December 2024, the Director, Foreign Liaison Defense Intelligence Agency (DIA), Brigadier General Ojogbane Adegbe, gave the charge as he urged newly promoted senior officers of the Corps to step up their game and take on greater responsibilities.

Speaking at the investiture ceremony held at the Brigadier General AU Kuliya Auditorium, Headquarters NAIC, Brigadier General Adegbe emphasized the importance of hard work, diligence and perseverance in their new roles. “I am going to charge you to work hard and be at your best,” Brigadier General Adegbe said. He reminded the officers that their career progression began the day they were commissioned and their promotion is a call to greater challenges and responsibilities. He highlighted the need for continuous self-development, encouraging them to take courses in cyber security and other areas to remain indispensable.

Earlier, the Chief of Military Intelligence (Army), Major General Thompson Ugiagbe who was represented by the Brigadier General David Umaru congratulated the officers on their well-deserved promotions. He expressed confidence in their ability to meet the demands of their new ranks and charged them to be diligent in discharging their duties. He encouraged them to develop their subordinates, as that is the only way NAIC can grow. He also reminded the officers that while the journey ahead is filled with hurdles, their expertise and commitment will see them through.

The event was graced by Brigadier General YU Diri, the Director Psychological Operations DIA, Brig Gen AD Yusuf, the Chief of Staff HQ NAIC among other senior officers of the NAIC, friends and families of the decorated officers.

The event was climaxed with a group photograph.

GEAR UP FOR GREATER RESPONSIBILITIES

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ONLY THE BEST OF THE BEST SHOULD DEFEND OUR NATION – CAS AT BMTC 44 PASSING OUT PARADE

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ONLY THE BEST OF THE BEST SHOULD DEFEND OUR NATION – CAS AT BMTC 44 PASSING OUT PARADE

By: Kabiru Ali

The Chief of the Air Staff (CAS), Air Marshal Hasan Abubakar, has reaffirmed that the sacred duty of defending Nigeria’s sovereignty is entrusted only to individuals who demonstrate exceptional traits and abilities. He made this assertion today, 21 December 2024, while serving as the Guest of Honour and Reviewing Officer at the Passing Out Parade for Basic Military Training Course 44/2023, held at the Military Training Center (MTC), Nigerian Air Force (NAF) Base in Kaduna.

Speaking further, Air Marshal Abubakar commended the recruits for their perseverance and dedication, emphasising the transformative nature of their training. “Your training was deliberately challenging, moulding you into warriors, tradesmen, and leaders with courage, discipline, and resilience,” he said. “You are now a vital part of the Nigerian Air Force’s mission to safeguard our nation’s sovereignty.”

The CAS urged the newly inducted airmen and airwomen to uphold NAF’s core values of integrity, service before self, and excellence in all they do. He emphasized their responsibility to remain vigilant, respect civilians, and adhere strictly to rules of engagement and social media guidelines, noting that their actions now directly reflect on the esteemed image of the NAF. In his words; “I urge you to operate within the rules of engagement as enumerated in the Code of Conduct for Armed Forces Personnel involved in internal security operations. Respect and protect the innocent and law-abiding civilians whom you are paid to defend. Treat them with respect and protect their rights, as we build a nation where no man is oppressed.”

Air Marshal Abubakar also underscored the pivotal role the new recruits will play in addressing Nigeria’s security challenges, noting that many will be deployed to operational theatres and internal security operations. He urged them to embrace opportunities for continuous training and self development to enhance their professional growth and operational effectiveness. The CAS stated, “You are therefore called to a life of selfless service, and the efforts you make on the field will play a vital role in shaping the future of the Nigerian Air Force, strengthening the security of our nation, and ensuring its continued prosperity.” He further added, “Some of you will subsequently be deployed to operational theatres or internal security operations to contribute your quota to our national security.”

The CAS expressed heartfelt gratitude to the Commander-in-Chief of the Armed Forces, President Bola Ahmed Tinubu GCFR, for his unwavering commitment to addressing the operational, logistical, and welfare needs of the NAF. He remarked, “The President’s steadfast support enables us to perform our duties to the highest standards in service to our nation. I assure Mr President of our unalloyed loyalty and total commitment to his Agenda for a peaceful and prosperous Nigeria.” He also acknowledged the hospitality and support of the Governor and people of Kaduna State, as well as the collaboration of other security agencies in fostering a conducive environment for training.

The ceremony celebrated the successful completion of 6 months of intensive training by 1,190 airmen and airwomen. This latest batch of trainees were commended for their resilience, discipline, and determination in meeting the high standards required to join the NAF. The event was attended by dignitaries, families, and representatives from various security agencies. It also served as an occasion to recognise the efforts of the Air Officer Commanding Ground Training Command and the Commandant of the Military Training Centre, whose commitment to high-quality training was pivotal in shaping the recruits into capable airmen and airwomen.

As the newly inducted airmen and airwomen embark on their careers, they are expected to uphold the highest standards of professionalism, discipline, and dedication in service to Nigeria. The ceremony concluded with a resounding call for them to wear their uniforms with pride, serve with honour, and contribute to the peace and security of the nation. Immediately after the elaborate parade, an Oath Taking Ceremony was held where the new airmen and airwomen pledged their absolute loyalty to the Federal Republic of Nigeria.

The CAS, before departing Kaduna State, took the opportunity to assess the progress of construction work on the new Air Force Secondary School (Day School). He also commissioned a newly constructed classroom block dedicated to children with special needs at the NAFOWA Little Angels Nursery and Primary School. The project was built by the Nigerian Air Force Officers’ Wives Association under the leadership of its National President, Architect Dr Rakiya Abubakar.

ONLY THE BEST OF THE BEST SHOULD DEFEND OUR NATION – CAS AT BMTC 44 PASSING OUT PARADE

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