NEWS
Nigeria’s Oil Reserves Stand at 37.28bn Barrels, Gas hit 210.54 tcf – NUPRC
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Friday said that the nation’s crude oil reserves stood at 37.28 billion barrels (bb) as at Jan. 1, 2025.
The commission also said that Nigeria’s gas reserves hit 210.54 trillion Cubic Feet (tcf).
Mr Gbenga Komolafe, Commission Chief Executive, NUPRC, who stated this said that oil and condensate reserves stood at 31.
44bb and 5. 84bb respectively, amounting to a total of 37.28 bb.The figure is against the 37.50 bb of proven crude oil reserves and proven natural gas reserves 209.26 tcf recorded in 2024.
Komolafe said the Associated Gas and Non-Associated Gas reserves stood at 101.03 tcf and 109.
51 tcf, respectively, resulting in total gas reserves of 210.54 tcf.According to Komolafe, the commission in keeping with its mandate as enshrined in the Petroleum Industry Act (PIA 2021), is committed to driving the efficiency and effectiveness of the upstream oil and gas sector.
He assured enhancing the growth of oil and gas reserves towards ensuring sustainable increase in production for shared prosperity, as articulated in the Regulatory Action Plan for 2024 and the Near Term.
“Against the foregoing, I am pleased to present to you an overview of the Nation’s oil, condensate, associated gas, and non-associated gas reserves as of January 1, 2025, as follows:
“Crude Oil and Condensate reserves stands at 31.44bb and 5.84bb respectively, amounting to a total of 37.28bb.
“Associated Gas and Non-Associated Gas reserves stands at 101.03 tcf and 109.51 tcf, respectively, resulting in total gas reserves of 210.54 tcf.
“The Reserves Life Index is 64 Years and 93 Years for Oil and Gas, respectively.
“In view of the above, and in furtherance of Chapter 1, Part III, Section 7 (g), (i), (j), (k), (m), (q), (r), and other powers enabling me in this respect, I, Engr. Gbenga Komolafe, CCE, hereby declare the total oil and condensate reserves of 37.28bb.
“And total gas reserves of 210.54 tcf as the official National Petroleum Reserves Position as of Jan. 1, 2025,’’ he said. (NAN)
The Federal Government has declared June 6th and 9th as public holidays to enable Muslim faithful celebrate Eid-el-Kabir.This is contained in a statement by the Ministry of Interior’s Permanent Secretary, Mrs Magdalene Ajani on Monday in Abuja.Ajani said that the Minister of Interior, Dr Olubunmi Tunji-Ojo on behalf of the Federal Government made the declaration.
Tunji-Ojo called on Muslims to imbibe the spirit of sacrifice and faith as exemplified by Prophet Ibrahim and to also use the period to pray for a peaceful and prosperous Nigeria. The minister assured Nigerians that the people-oriented reforms and initiatives carried out, in furtherance of the Renewed Hope Agenda of President Bola Tinubu’s administration, is to restore Nigeria on the path of progress.He further urged Nigerians to join hands with the present administration in its efforts to restore the glory of Nigeria as a great nation.(NAN)
The National Hajj Commission of Nigeria (NAHCON) has advised pilgrims to stay in their tents from 10 a.m. to 4 p.m. due to soaring daytime temperatures during the pilgrimage.The Chairman of NAHCON, Prof. Abdullahi Saleh, gave the advice while speaking to newsmen in Makkah on Sunday.
Daily Asset reports that Saudi Arabia, through its National Centre of Meteorology (NCM), had on Sunday issued heatwave warnings for Hajj 2025, urging pilgrims to take precautions amid soaring daytime temperatures between 40°C and 47°C. The NCM forecasted challenging weather, including high temperatures, potential thunderstorms, and reduced visibility.Saleh said NAHCON had a stakeholders’ meeting where all the Muslims Pilgrims Welfare Boards were mandated to tell their pilgrims that no pilgrim would be allowed out of their tents in Mina and Arafat due to soaring temperature.“Yesterday we called all the stakeholders. We met with them and mandated them to announce and tell their people that nobody is allowed to be out of the tent from 10 a.m. till 4 p.m.“It is not advised to go out because the temperature is not normal this year. We also advised them to continue drinking water.“If it is necessary to be outside, let them go with water in hand. Let them take their umbrellas and use them, just because the temperature is not normal.The NAHCON chairman urged the media to help the commission to disseminate the information to the pilgrims to adhere to the heatwave warnings.“So, media, please you are our eyes, you are our voice to the public. Help us tell our people to regard this instruction.”Report says that approximately 63,000 Nigerian pilgrims are expected for the 2025 Hajj. (NAN)
Troops of Operation Safe Haven (OPSH) have neutralised three suspected bandits in Wase Local Government Area (LGA) of Plateau.Maj. Samson Zhakom, the Media Officer of OPSH, disclosed this in a statement on Sunday in Jos.Zhakom, who said that the feat followed an intelligence tip, added that the troops also recovered weapons during the operations.
“Yesterday , troops of OPSH, acting on credible intelligence, conducted offensive operations at a criminal hideout along the fringes of Pinau community in Wase LGA of Plateau. “During the operation, troops made contact with criminal elements terrorising the general area, including Pinau – Gimbi road.“During the exchange of fire, troops overwhelmed the criminals with superior firepower and neutralised three of the suspected bandits“While others ran away with wounds from gunshots, troops exploited the general area and recovered one AK-47 rifle and one AK-47 magazine,” he said.Zhakom said that the troops had commenced a follow-up operation to intercept the fleeing criminals. (NAN)
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