Category: Oil & Gas

Reactions As Tinubu Orders NNPCL To Sell Crude To Dangote In Naira

Damilola Olanade

So, which magic will squeeze out the 450k barrels? Dangote had better looked elsewhere and not bank on this promise.” You actually want to read what energy journalists, analysts, and researchers said during reaction on Platforms Africa forum     President Bola Ahmed Tinubu, has ordered the Nigerian National Petroleum Company Limited (NNPCL) to sell crude to Dangote Refinery in Naira, an order that was immediately greeted by reactions. The Special Adviser to the President on Information and Publicity, Bayo Onanuga, revealed this in a post via his official X…

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Petrol Price Hits N1,000/Litre As Scarcity Worsens In Lagos, Abuja

Aliyu Aliyu

‘Here’s the reason for tightness in fuel supply and distribution witnessed in some parts of Lagos and the FCT;’ NNPCL gives update as black marketers return, smile to the banks   The Nigerian National Petroleum Company Limited (NNPCL) has assured Nigerians of its moves to restore normalcy on fuel scarcity in Lagos and Abuja as a litre of the product now sells for N1,000 in Lagos and parts of Ogun State. Platforms Africa reports that the NNPCL, which in a statement, confirmed knowledge of the crisis, gave reason for the…

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’35 Days To 53rd Birthday,’ How Sen Ifeanyi Ubah Died

Precious Ibekwe

“He departed Nigeria and went into the UK hospital for operation but never made it out alive. That was 35 days to his 53rd birthday and 10 months after he escaped assassination;” full, fresh details on the last hours of the man who came to limelight for N50 per litre kerosene intervention.     More details have emerged on the death of the Senator representing Anambra South in the National Assembly, Ifeanyi Ubah. Ubah, the founder and Chief Executive Officer of Capital Oil and Gas Limited, died in an hospital…

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Dangote: End of the Road for a Monopolist?, By Soji Adekunmbi

ADEOLA YUSUF

In the last one month, easily one of the most discussed issues in Nigeria is the allegation by the Dangote Refinery accusing the International Oil Companies (IOCs) of frustrating its operations by refusing to sell crude to it. In a statement released in July, which later followed up by Alhaji Aliko Dangote himself, the company said the IOCs preferred to sell their crude to Asian countries or ask them to buy from the foreign subsidiaries instead of giving them priority as directed by Nigeria’s upstream regulatory body, the National Upstream…

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NNPC’s Petrol Import From Malta Jumps 43 Times to $2.08bn

ADEOLA YUSUF

    Revelation came days after Aliko Dangote accused officials of NNPC of owning and running a blending plant in Malta, an accusation Mele kyari denied   Nigeria’s importation of petroleum from Malta has skyrocketed to 43 folds, amounting to $2.08 billion in 2023. A data sourced from Trade Map, a global database on international trade statistics, showed Nigeria imported petroleum oils and oils obtained from bituminous minerals worth $2.8 billion in 2023, a 342 percent increase from $47.5 million as of 2013. This revelation contained in a reoort by…

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NCDMB, UBEC Explore Opportunities for Capacity Building, Support for Basic Education

ADEOLA YUSUF

The Nigerian Content Development and Monitoring Board (NCDMB) and the Universal Basic Education Commission (UBEC) have agreed to collaborate towards upgrading basic education in the country and building capacities of young Nigerians towards meeting the needs of the ever-changing oil and gas industry and the linkages sectors. The partnership opportunities were explored on Tuesday when the Executive Secretary NCDMB, Engr. Felix Omatsola Ogbe hosted his counterpart from UBEC, Dr Hamid Bobboyi at the Board’s Abuja liaison office. The leaders agreed to set up a joint committee that would finalize details…

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What Kyari Said On Dangote’s Allegation NNPC Staff Own Blending Plant In Malta

ADEOLA YUSUF

“I am inundated by enquiries from family members, friends and associates on the public declaration by the President of Dangote Group”   Group Chief Executive Officer (CEO), Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has reacted to allegation by Africa’s richest man, Alhaji Dangite, that some staff of the NNPCL own and operate blending plant in Malta. Platforms Africa reports that Kyari spoke on his verified Twitter (X) handle declaring that the allegation by the President of Dangote group has become a source of concern for members of his…

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‘Criticism, Commendation;’ Inside Meeting of Six NNPC ex-GMDs With Kyari

ADEOLA YUSUF

▪️ Chief Chamberlain Oyibo, Dr Jackson Gaius – Obaseki; Engr Funsho Kupolokun, Engr Abubakar Lawal Yar’adua, Engr Austen Oniwon, Engr Andrew Yakubu; Lineup of ex-helmsmen at the meeting and key points they made about Kyari’s NNPCL   Six former Group Managing Directors of the Nigerian National Petroleum Corporation (NNPC) met with Mallam Mele Kyari, the incumbent Chief Executive Officer of the company, where they assessed the reign of Mr. Kyari with constructive criticism and commendations. Platforms Africa reports that the ex-GMDS include Chief Chamberlain Oyibo, Dr Jackson Gaius – Obaseki;…

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‘False, Unfounded,’ NNPCL Punctures Ex-COO Bello Rabiu’s Crude Swap Statement

ADEOLA YUSUF

. Read-for-yourself statement NNPCL spokesman, Femi Soneye, sent to Platforms Africa after the leading online media’s viral report on a declaration by Rabiu + word-for-word of what the NNPCL’s ex-COO Upstream operations said.   The Nigerian National Petroleum Company Limited (NNPCL) has taken a swipe on its former Chief Operating Officer, Upstream operations, Engineer Bello Rabiu, declaring his statement on crude swap as false and unfounded. Mr. Rabiu had, at the quarterly Press engagement organised by the Major Energy Marketers Association of Nigeria (MEMAN) on Wednesday, alleged that the Nigeria…

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Be Wary Of Dangote Refinery, PETROAN Warns Govt, Nigerians

Aliyu Aliyu

. Word-for-word of what President, Petroleum Products Retail Outlets Owners Association, Gillis-Harry, said on Dangote, NMDPRA, DAPPMAN disagreement on dirty diesel and other issues   The President of the Petroleum Products Retail Outlets Owners Association, (PETROAN), Billy Gillis-Harry, has called on the current administration of President Bola Ahmed Tinubu and other stakeholders to be wary of Dangote Refinery and its fuel price regime in the coming months, with a view to avoiding cannibalization of small businesses in the oil and gas sector. Gillis-Harry, who, according to a report, stated that…

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