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NNPC Says It Spent N11trn To Protect Oil Assets On Behalf Of FG In 2025

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The Nigerian National Petroleum Company (NNPC) Limited says it spent N11.2 trillion in 2025 to protect oil assets on behalf of the federal government.

 

The cost is reflected in the company’s 2025 audited financial report, seen by TheCable on Wednesday, as “other receivables from federation” relating to “advance payments to the federation and costs incurred to secure the country’s oil and gas assets”.

Receivables are amounts owed to a company by customers or the government for goods or services delivered on credit.

This, the NNPC said, is under an approved framework “between the federal government and the group”.

This means that the federal government is expected to refund the NNPC the money the oil firm spent protecting oil assets.

According to the document, the framework allows the NNPC to incur security costs to protect the country’s oil and gas assets and recover the expenses to the federation as energy security costs.

The NNPC also said no “energy security expense”, commonly known as petrol subsidy, “was recognised” during the year, compared with N7.13 trillion incurred in the previous year.

The report, however, showed that the company incurred a defrayed energy security cost of N8.9 trillion, which was carried over from 2024.

“Following a reconciliation exercise with relevant government agencies, the Energy Security cost receivables was netted off against royalties, tax, and dividends due as at December 2024. The reconciliation exercise was recorded in September 2025,” NNPC added.

According to the report, the oil company generated N34.52 trillion in revenue from “contracts with customers” in 2025, covering crude oil, petroleum products, natural gas, power, and services.

The NNPC reported a N25.39 trillion in revenue from crude oil sale in 2025, down from N29.2 trillion recorded from the revenue stream in 2024.

The oil firm also earned N2.1 trillion from petroleum product sale, compared with N9.68 trillion in 2024.

The NNPC said revenue from petroleum products came from the sale of petrol, dual-purpose kerosene (DPK), automotive gasoline oil (AGO), naphtha, lubricants, and other related products.

The report also showed that natural gas revenue rose to N6.15 trillion in 2025, from N5.2 trillion in the preceding year.

Power revenue from the sale of electricity to the Nigeria Bulk Electricity Trading (NBET) increased to N11.8 billion in 2025, from the N9.4 million recorded during the previous year.

Revenue from services, including seismic and time-based contracts, marine operations, engineering services and gas transmission tariffs, fell to N729.33 billion during the review period, from N980.45 billion in the previous year.

The report further showed that the NNPC paid N499 billion in gas flare penalties and fees in 2025.

According to the company, gas flare fees relate to statutory flare charges based on limits approved by the NUPRC in line with section 104 of the PIA, while gas flare penalties are charges for flares above regulatory limits.

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International News

Burkina Faso Reinstates Death Penalty For Terrorism, Fake Goods Import

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Burkina Faso’s parliament has voted unanimously to reinstate the death penalty for crimes including terrorism, espionage and treason, ending the country’s abolition of capital punishment for ordinary crimes in 2018.

 

All 71 members of the West African country’s transitional legislature supported the revised penal code on Tuesday, October 20, following its presentation by Justice Minister Edasso Rodrigue Bayala, according to the Associated Press.

The decision restores capital punishment nearly four decades after the country’s last known execution, which took place in 1988, according to Human Rights Watch.

The military-led government’s Council of Ministers approved a bill to restore the death penalty in December 2025, prompting criticism from international human rights organisations.

Amnesty International and Human Rights Watch warned that the move could threaten fundamental rights and be used to suppress critics of the authorities.

Burkina Faso’s military government has previously faced allegations of detaining journalists, human rights defenders and other perceived opponents. The authorities also dissolved political parties earlier in 2026 and repealed the laws governing their activities.

The reinstatement comes as the country continues to battle an armed insurgency involving militant groups linked to al-Qaida and the Islamic State group. The violence has killed thousands of people and displaced millions across Burkina Faso and the wider Sahel region.

The government has presented the tougher penal code as part of its response to the security crisis. Bayala had indicated in 2024 that the death penalty would be included in a revised criminal code.

According to Reuters, the revised code also provides for capital punishment in cases involving the importation of expired or prohibited products that result in death, although the precise scope and implementation of the new provisions will depend on the final legal text.

Human rights organisations have questioned whether restoring the death penalty will improve security, warning that it could deepen repression and create additional risks for people accused of offences.

Human Rights Watch previously said the proposed change could intensify a climate of fear and send a chilling message to critics of the military authorities.

The country’s security forces have also faced allegations of serious abuses during counterinsurgency operations. Human Rights Watch reported this year that government forces killed more than twice as many civilians as jihadist fighters between 2023 and 2025.

Armed groups, including Jama’at Nusrat al-Islam wal-Muslimin, an al-Qaida-linked organisation, have also been accused of war crimes and crimes against humanity by rights groups.

Burkina Faso, a landlocked country with a population of about 23 million, has been governed by military authorities since a coup in 2022. The junta has repeatedly delayed a return to civilian rule as it seeks to contain the insurgency.

The parliamentary vote marks a significant change in the country’s criminal justice policy. Burkina Faso abolished the death penalty for ordinary crimes in 2018 under former President Roch Marc Christian Kaboré, although the last known execution had taken place decades earlier.

The decision is likely to renew scrutiny of the country’s human rights record as authorities pursue their security campaign against armed groups.

(APNews)

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7 Year-Old Boy Killed After N2.5m Ransom Demand

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A seven-year-old boy, Abdullahi Rabi’u, has been found dead hours after suspected kidnappers abducted him in the Majema area, along Ring Road in Jos North Local Council of Plateau State and demanded a N2.5million ransom.

 

The boy was reportedly abducted on Monday evening after being sent on an errand to a neighbour’s house.

Narrating the incident, his uncle, Sukairaj Danladi Me Gado, said Abdullahi delivered the message but failed to return home, prompting the family to search for him.

He said their efforts to locate the boy proved unsuccessful until Tuesday morning, when the family received a call from an unidentified number.

According to him, the caller demanded N2.5million as ransom and informed the family that the boy had been kidnapped.

Me Gado said the family had agreed to pay the ransom in the hope of securing the child’s release.

However, their hopes were shattered later on Tuesday when they learnt that his body had been found in a narrow passage near their residence.

The discovery plunged the family and residents of the neighbourhood into mourning.

The grieving uncle expressed sorrow over the killing and alleged that the perpetrators might be familiar with the neighbourhood.

He called on security agencies to investigate the incident, apprehend those responsible and ensure they were brought to justice.

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FCT Police Intercept SUV With Concealed Presidency Number Plate

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FCT Police Command operatives have intercepted a Lexus LX570 SUV with a concealed number plate in Maitama District of the Federal Capital Territory (FCT).

 

According to the Police, officers intercepted the SUV on 20th October 2026, at about 8 pm, and promptly arrested the occupant for investigation and subsequent prosecution.

Spokesperson of the command, SP Josephine Adeh, said, “Preliminary investigations revealed that the concealed number plate bore the inscription ‘PRESIDENCY’ and registration number 10B218 FG.

“Following the suspect’s claim of being the legitimate holder of the number plate, further investigations revealed that the plate’s registration documents were forged and that the suspect was impersonating a Permanent Secretary attached to the Office of the Secretary to the Government of the Federation.

“Investigations are ongoing, and the suspect will be charged to court upon their conclusion.

“The FCT Police Command urges residents to remain law-abiding, cooperate with police operations, and promptly report suspicious persons or activities to the nearest Police Station or through the Command’s emergency numbers: 08032003913, 08061581938.”

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