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Nigeria makes N13.36 billion from domestic gas sale in one year

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Mele Kyari NNPC GMD

Nigeria made the sum of N13.36 billion from domestic gas sales in 2021.

This was confirmed by a source in the Nigerian National Petroleum Company Limited on Sunday.

According to her, the Federal Government through NNPC garnered the funds from the sale of Natural Gas Liquids/Liquefied Petroleum Gas, as well as Nigeria’s Liquefied Natural Gas feedstock.

Highlights of proceeds

The source said, “The joint venture partners of NNPC in the gas business in 2021 were Chevron Nigeria Limited, Mobil Producing Nigeria, Shell Petroleum Development Company and Total Exploration and Production Nigeria.”

  • January 2021, the country earned $50.19 million from the export of NLNG feedstock and made N1.05billion on domestic NGL/LPG
  • In February, it made $26.6 million and $90.38 million from NGL/LPG and NLNG feedstock exports respectively.
  • The country earned N1.24 billion from domestic NGL/LPG in February last year.
  • In March, gas sale earnings from NGL/LPG and NLNG feedstock were $15.89 million and $68.29 million respectively
  • The country raked in $34.32 million and N1.25billion from NLNG feedstock and domestic NGL/LPG sale respectively in April 2021.
  • Data from NNPC showed that $36.01million was earned from NLNG feedstock in May 2021, while NGL/LPG domestic was put at N1.25 billion.
  • In June, Nigeria made $19.95million and $44.01million from the export of NGL/LPG and NLNG feedstock respectively, while its earnings from NGL/LPG domestic was N1.63 billion.
  • No amount was recorded as earning from NGL/LPG export and NGL/LPG domestic in the month of July last year, but the country made $54.396 million from NLNG feedstock in the same month.
  • The August 2021 export gas receipt for NLNG feedstock was $52.78 million, as NGL/LPG domestic was N1.74 billion
  • In September, the country made $32.234 million and $84.8million from NGL/LPG and NLNG feedstock exports respectively. Nigeria’s revenue from NGL/LPG domestic in September was put at N4.1 billion.
  • The country’s gas earnings in October from NLNG feedstock and NGL/LPG were slipped into the next month.
  • In November, earnings from the exports of NGL/LPG and NLNG feedstock were $40.14 million and $149.95 million respectively, while NGL/LPG domestic was N4.1 billion.

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How Legal Concierge is using technology to offer legal services – CEO, Inemesit Dike

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1652960707 805 Inemesit Dike

A few years back, combining the operations of a legal professional with technology was a slow development. But the advent of Covid has helped fast track the possibilities underlying the role of technology in shaping the legal industry.

Today, smart lawyers are fast embracing the use of technology to keep up with the trend and stay relevant in the sector.

With Legal Concierge (Legal X), a mobile application to solve certain problems within the legal industry, it has become quite easy to access a platform where anyone can get lawyers who fit into their niche anywhere they are in the world, Inemesit Dike, founder and CEO, the Legal Concierge explained during Naijaonpoint Business Half Hour programme.

“Look at legal X as Uber; it is basically having lawyers in a gig format and at your service anywhere you go just like the ride-hailing app would help you access transportation. It is designed to be affordable, less strenuous and fast in terms of getting lawyers. Legal X gives you that opportunity to get legal service providers around in any industry.

“The mobile application allows lawyers to practice as far as you are taught in the Nigerian bar. With that application you can practice, it doesn’t matter whether you move to the state or to Europe, you can still provide legal services,” she said.

In addition, she added that the platform could serve as a means for lawyers to earn additional fees. “We also saw the need to help young lawyers to improve their remuneration scope because young lawyers complain they earn so little. We found a way that while these lawyers are living in any part of the country, they can still operate and augment whatever they earn from their law firm.”

Speaking on the impact that Covid had on the industry, Inemesit said that the legal industry became more aware of the need to use technology in providing legal services as a result of the pandemic, adding that that breakthrough became quite easier after the Covid-19 pandemic.

“After Covid, tech has become a buzz word but how many of us actually know how to handle this tech once these clients come in? There is a huge labour force in the legal system that has moved from the western world and is not coming to Africa. It has moved to Kenya despite the fact that we are the largest bar in West Africa. We have very good lawyers here but we need to build an ecosystem of lawyers who understand this confluence of law; you are offering business resolution to your client not just legal-based solutions, you are providing technology-based solutions to your client,” she said.

The application of technology to give lawyers the freedom to practice wherever they are is a huge challenge and also educating the lawyer on how to use this technology.

... How Legal Concierge is using technology to offer legal services – CEO, Inemesit Dike Read More on ... Naijaonpoint.

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Business News

How Legal Concierge is using technology to offer legal services – CEO, Inemesit Dike

Published

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Inemesit Dike

A few years back, combining the operations of a legal professional with technology was a slow development. But the advent of Covid has helped fast track the possibilities underlying the role of technology in shaping the legal industry.

Today, smart lawyers are fast embracing the use of technology to keep up with the trend and stay relevant in the sector.

With Legal Concierge (Legal X), a mobile application to solve certain problems within the legal industry, it has become quite easy to access a platform where anyone can get lawyers who fit into their niche anywhere they are in the world, Inemesit Dike, founder and CEO, the Legal Concierge explained during Naijaonpoint Business Half Hour programme.

“Look at legal X as Uber; it is basically having lawyers in a gig format and at your service anywhere you go just like the ride-hailing app would help you access transportation. It is designed to be affordable, less strenuous and fast in terms of getting lawyers. Legal X gives you that opportunity to get legal service providers around in any industry.

“The mobile application allows lawyers to practice as far as you are taught in the Nigerian bar. With that application you can practice, it doesn’t matter whether you move to the state or to Europe, you can still provide legal services,” she said.

In addition, she added that the platform could serve as a means for lawyers to earn additional fees. “We also saw the need to help young lawyers to improve their remuneration scope because young lawyers complain they earn so little. We found a way that while these lawyers are living in any part of the country, they can still operate and augment whatever they earn from their law firm.”

Speaking on the impact that Covid had on the industry, Inemesit said that the legal industry became more aware of the need to use technology in providing legal services as a result of the pandemic, adding that that breakthrough became quite easier after the Covid-19 pandemic.

“After Covid, tech has become a buzz word but how many of us actually know how to handle this tech once these clients come in? There is a huge labour force in the legal system that has moved from the western world and is not coming to Africa. It has moved to Kenya despite the fact that we are the largest bar in West Africa. We have very good lawyers here but we need to build an ecosystem of lawyers who understand this confluence of law; you are offering business resolution to your client not just legal-based solutions, you are providing technology-based solutions to your client,” she said.

The application of technology to give lawyers the freedom to practice wherever they are is a huge challenge and also educating the lawyer on how to use this technology.

... How Legal Concierge is using technology to offer legal services – CEO, Inemesit Dike Read More on ... Naijaonpoint.

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