Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/bcm/src/dev/www/wp-includes/functions.php on line 6121
gas | Zikoko!

Quizzes

Stacks

Shows

Podcasts

Newsletters

Naira Life

Love Life

Hustleprint

Love Currency

Sunken Ships

What She Said

My Bro

So You Don’t Have To

Interview With…

Zikoko Memes

Jollof Road

Cholera Outbreak Update

Follow our socials

  • Meet “NNPC”, Nigeria’s Real Oil Baron

    Meet “NNPC”, Nigeria’s Real Oil Baron

    On Thursday August 26, 2021, President Muhammadu Buhari declared in a statement that the Nigerian National Petroleum Corporation (NNPC) made a profit of ₦287 billion in 2020. 

    The President claimed that it was the first time the NNPC was declaring a profit since it was established on April 1, 1977.

    While there are reports that the President’s claim is false, it doesn’t take away the fact that the NNPC itself is a very important corporation ― that made a ton of money in 2020.

    How NNPC Works

    The NNPC is responsible for carrying out commercial activities in oil and gas in Nigeria for the government of Nigeria. This is according to the preamble of the NNPC Act of 1990.

    This means that the NNPC looks for crude oil, refines crude oil, buys and sells petroleum and other petroleum products, operates pipelines for the transportation of natural gas and does all other activities related to oil and gas in Nigeria, for the government of Nigeria.

    Basically, the NNPC is Nigeria’s oil company.

    NNPC Leadership 

    Currently, The NNPC’s Group Managing Director is Mallam Mele Kyari. He was appointed by President Muhammadu Buhari on July 7, 2019.

    Mr Mele Kyari replaced Maikanti Baru as NNPC GMD. Maikanti Baru served as the Group Managing Director of the NNPC from July 2016 to July 2019. 

    NNPC’s Group Executive Director for exploring crude oil or “upstream” activities is Adokiye Tombomeiye. The Group Executive Director for Gas and Power is AbdulKabir M. Ahmed and the Group Executive Director for petroleum refining is Mustapha Y. Yakubu.

    The NNPC Group Executive Director for selling petroleum products or “downstream” activities is Adeyemi Adetunji, and the Group Executive Director for Finance and Accounts is Umar I. Ajiya. 

    Aisha Ahmadu Katagum is the NNPC’s Group Executive Director for Corporate Services and Hadiza Y. Coomasie is the NNPC’s Secretary and Legal Adviser.

    You can read more about the management of the NNPC here.

    Financial Accounts of the NNPC

    Since 1977, the NNPC has been inconsistent with opening its account and disclosing whether it was making a profit or not. It wasn’t until October 2015 that the corporation announced that it would commit to making its financial account public.

    Since then, we’ve been privy to information like the NNPC’s ₦308 billion loss in 2018 and ₦1.7 billion loss in 2019.

    You can read more about the NNPC’s audited account of 2020 here.

    “NNPC Limited”

    On August 20, 2021, President Muhammadu Buhari signed a new Petroleum Industry Act that will regulate oil and gas operations in Nigeria.

    Under this new act, the NNPC will be replaced by “NNPC Limited”. NNPC Limited must make a profit and its shares can be sold to Nigerians through an open and transparent process ― like at the Nigerian stock exchange.

    With this new law, the NNPC should perform better, and it should start declaring profits as a company engaging in oil and gas activities on behalf of Nigeria.

    But things may just remain the same. After all, this is Nigeria.

    Doyin Olagunju

    , , , ,

  • Explosion In Iju-Ishaga Lagos: This Is What We Know

    Explosion In Iju-Ishaga Lagos: This Is What We Know

    An explosion has occurred in the Ajuwon, Iju-Ishaga area of Lagos today. The explosion happened around 3:30 pm on Thursday 24th September 2020, with many people stating that they do not know the cause of the explosion.

    Video footages of the explosion have been circulating on social media:

    https://twitter.com/instablog9ja/status/1309156622065860612

    An eyewitness told BBC Pidgin that a truck that was loaded with gas was the one that exploded while offloading gas in the Iju-Ishaga area of Lagos, causing the explosion.

    It also reports that people have sustained injuries and burns and that officials of the Lagos State Emergency Management Agency (LASEMA) are already at the scene of the explosion to rescue people.

    Meanwhile, gas explosions have become a recurring experience in Lagos and generally Nigeria, lately.

    Doyin Olagunju

    , , ,

  • Interview With Cooking Gas: “Why I Choose To Finish On Sundays”

    Interview With Cooking Gas: “Why I Choose To Finish On Sundays”

    Interview With… is a Zikoko weekly series that explores the weird and interesting lives of inanimate objects and non-human entities.

    For many years, Cooking Gas has been one of the most trusted and dependable workers in the average Nigerian home, but while it almost always gets the job done — cooking our meals to perfection — it also seems to have a slightly vindictive streak.

    Many Nigerians across the country have noticed that Cooking Gas always waits for the worst time to finish: Sunday mornings. So, we decided to sit down with Mr. Gas to ask if this is an intentional ploy to frustrate or merely a series of stressful coincidences.

    Zikoko: Hello. It’s great to have you here.

    Cooking Gas: Thank you so much for having me. It’s great to be here. This might sound hard to believe, but this is the first major interview I’ve ever done. I was shocked when my manager told me.

    Really? But you’re such a vital part of our lives.

    Yeah. I think it’s just a very bad case of ‘see finish’. People rarely pay me any attention, until it’s time for a refill. Before then, I’m usually just stuck in a dusty cylinder at the corner of the house.

    Damn. Before we get into it, how has this pandemic affected you?

    It’s been so hectic. Everyone is shouting “work from home”, but my work has always been from home. So, the cooking has been non-stop. I rarely get a moment to rest, and still, no one has said a simple “Thank you”.

    How does that make you feel?

    It hurts, but the disrespect is not new to me. It’s actually why I decided to start finishing on Sundays. It’s the only time I feel in control. After being under-appreciated for months, it’s my way to get a little payback.

    Oh wow. And you never give a little warning?

    It wouldn’t really count as payback if it was expected, would it? There are even times I almost finish on a random weekday, but I hold it out. Boil a few pots of rice until Sunday reaches. Then I bounce.

    Damn.

    Yup. I actually love to do it right in the middle of cooking a meal. That one tends to pain them a lot more. It’s always funny to see them scrambling to refill me, so they can finish cooking their soggy pot of beans.

    What if they decide to use an electric cooker?

    Lmao. An electric cooker? With which light? They should use it na. I’ll be here waiting for the reality of Nigeria to slap them across the face. Then I’ll still punish them by finishing a few Sundays earlier.

    Ouch. Before we go, is there anything you’d like to tell your users?

    Clean my cylinder more, it’s my home, and say thank you when you’re done cooking every meal. If I see that happening across the country, then maybe, I’ll rethink my timetable.

    Check back every Friday by 9AM for new Interview With episodes. To read previous stories, click here.

    NerdEfiko

    ,