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NNPC to supply Dangote refinery 6million barrels of crude oil in December

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The Nigerian National Petroleum Company Limited (NNPC) has agreed it will supply Dangote oil refinery with up to six million barrels of crude oil in December.

The supply is to be used in test running the new 650,000 barrel-per-day refinery.

According to a report earlier published by https://www.reuters.com which Nationwide Reports is following, there have been some concerns in recent times, about the capacity of the crude oil producers to supply the refinery the needed by Dangote but NNPC has maintained that there was no cause for alarm.

Sources hinted that on Wednesday, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) summoned the producers to sensitise them on the need to comply with their domestic supply obligations to local refineries in line with the Petroleum Industry Act (PIA).

The refinery, funded by Africa’s richest man Aliko Dangote, would transform oil trading in the Atlantic Basin and remove a lucrative outlet for fuel produced in Europe and the United States that have for years powered the cars, trucks and generators on the continent, Reuters added.

The refinery is in the Lekki free trade zone near Lagos. Once it is fully up and running, it would turn oil powerhouse Nigeria into a net exporter of fuels, a long-sought goal for the member of the Organisation of Petroleum Exporting Countries (OPEC) that is currently almost totally reliant on imports.One of the sources, an NNPC official, who declined to be named, specified six cargoes, or 200,000 bpd, would be supplied in December, as part of a one-year deal, adding that volumes in future months would be supplied “based on mutual agreement and availability”.

Also reporting on the matter, https://www.thisdaylive.com quoted other sources who said about 4-5 cargoes, or at least 130,000 bpd, were planned, adding that a Dangote Group official, who did not wish to be named, said “some of the agreements have confidentiality clauses” without elaborating when asked about the NNPC supply deal. The NNPC has a 20 per cent stake in the refinery. The refinery began the commissioning process in May this year after running years behind schedule at a cost of $19 billion, above initial estimates of $12-14 billion.

Commissioning includes testing the different units that make products from petrol to diesel and making sure they respond to the control panels, the Reuters report said.

The integrated refinery and petrochemical project is expected to generate thousands of direct and indirect jobs, while its output is expected to be more than enough to meet Nigeria’s fuel demands and turn Africa’s largest crude producer into an exporter of refined crude.

 

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Israel says news of Netanyahu’s death is fake

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Israeli authorities have described news of possible death of Prime Minister Benjamin Netanyahu as false.

The office of Israeli Prime Minister dismissed a viral social media claims suggesting the Prime Minister had been assassinated following the escalating conflict involving Israel, the United States and Iran.

“These are fake news; the Prime Minister is fine,” the Prime Minister’s office said

The rumours gained traction after a video shared by Netanyahu on his X account on Friday showed him addressing a press conference on the ongoing Israel-US-Iran conflict.

Some social media users, immediate after the video was posted, claimed they had spotted what appeared to be six fingers on Netanyahu’s right hand when he briefly raised it during the speech.

The speculation spread further after US conservative commentator, Candace Owens raised questions on X.

 

 

 

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Bala Mohammed prepares to join APC

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Strong indications have emerged that the Chairman of the Peoples Democratic Party, PDP governors’ forum and Governor of Bauchi State, Bala Mohammed, has concluded plans to join the ruling All Progressives Congress (APC) this week, barring any unforeseen circumstances.

According to Bauchi State government house sources, the Governor’s recent Abuja visit and meeting with President Bola Tinubu were purely related to the movement to APC. It was stated however, that final touches are still being made on the agreement.

It would be recalled that the Governor had after his meeting with Tinubu, told journalists that he was at the presidential Villa to discuss rising insecurity in some parts of the state and to seek the president’s intervention. Days after the visit, a detachment of military and other security agencies took over the affected areas and restored relative peace to the communities.

It is not yet clear the conditions given by the Bauchi State Governor before his defection. But one source told Nationwide Reports that the APC has already assured him of three opportunities including, deciding who would succeed him as Bauchi State Governor, a ticket to return to the senate and special allocation from the presidency as was given to other governors that have previously defected.

Another source also mentioned the ongoing terrorism charges brought by the federal government against one of Governor Mohammed s most trusted aides, the Commissioner for Finance, Yakubu Adamu.

The case against the commissioner also include money laundering involving about N4.6billion. The Governor has made frantic efforts in the past to free the commissioner and even threatened war, if persecution of opposition persists.

However, a top aide of the Governor described the suggestion as mere rumour, saying Bala Mohammed has said severally that that he would stick with the PDP.

“His Excellency is the chairman of the PDP governors forum. I just said this as a reminder to you. The Governor has made several sacrifices to preserve the PDP as the leading opposition in the country. Therefore, the idea of him defecting to the APC is strange to me. He has never mentioned it and I therefore do not believe you,” the aide stated.

 

 

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Tinubu doing well across sectors, says Gowon

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Former Head of State, General Yakubu Gowon said on Saturday that President Bola Ahmed Tinubu is doing his best across key sectors of governance.

Gowon spoke with journalists after paying a courtesy visit to the President at the State House, Abuja, where he said he came primarily to appreciate the efforts of the administration and to encourage the President in his leadership of the country.

“I came to see him and to thank him for all the good works that he’s doing for the country. We had to look at all the good work that the President is doing and the progress that Nigeria is making economically and otherwise”, the elder statesman said.

The former military leader, who governed Nigeria from 1966 to 1975, noted that the country is witnessing progress under Tinubu’s leadership and expressed satisfaction with the direction of governance.

When asked by journalists what areas the President should improve upon as his administration progresses, Gowon declined to single out any particular sector, stressing that Tinubu appears to be addressing national challenges across the board.

“Isn’t he doing the best he can all round?” he asked rhetorically, adding “so there is no particular place, every other area; political, economic, social, etc.”

Gowon also acknowledged the complexity of Nigeria’s security challenges but maintained that the President is taking necessary steps to confront the situation in the interest of the country.

“And, of course, the major problem that we have today, the security area, he’s doing everything to deal with those for the good of all Nigeria,” he said.

According to him, leadership requires balancing multiple priorities simultaneously, and the President must continue to safeguard Nigeria’s interests across all sectors.

“He’s got to look after the interests of Nigeria in all areas, and I’m happy about that,” Gowon added.

The elder statesman, widely regarded as a voice of national reconciliation and peace, was also asked about the message he would give Nigerians amid the current challenges facing the country.

Responding, Gowon said the responsibility of addressing such issues ultimately rests with the government, expressing confidence that the administration is handling the situation as best as possible.

“If I say that the problem that is happening today, it is only the government today, that’s Mr. President, that can really deal with it, and he is dealing with it the best he can without creating any problem for Nigerians and for the country,” he said.

 

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