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High expectation as Dangote refinery begins operation next month, to produce petrol November 30, orders initial crude oil need

The Dangote Petroleum Refinery is currently importing crude oil and expects its first crude cargo in two weeks’ time, the Executive Director, Dangote Group, Devakumar Edwin, has revealed.
Although the Nigerian National Petroleum Company Limited trades crude oil on behalf of Nigeria, Edwin in an interview with S&P Global Commodity Insights on Monday, said the NNPCL had committed its crude to other entities.
The Dangote refinery boss did not disclose the other entities receiving the oil company’s crude but NNPC disclosed last month it had entered into a $3bn crude oil-for-loan deal with African Export-Import Bank. The deal allowed the company to pledge future oil production to the bank as repayments for the loan.
As reported by the Punch, NNPC sources said on Tuesday the company had entered into crude oil contracts with a number of entities, a development that made it impossible for the organisation to meet Dangote’s need earlier.
A top official of the oil company was however quoted to have said plans were already underway to ensure Dangote’s refineries crude oil needs were met in November.
Also, Edwin pointed out that the importation of crude by Dangote refinery was temporary, as the firm would receive supply from NNPCL from November.
Edwin went ahead to state that the firm would begin the production of up to 370,000 barrels per day of crude that would give rise to Automotive Gas Oil, popularly called diesel, and jet fuel in October 2023.
For Premium Motor Spirit, popularly called petrol, the Dangote Group’s boss said the plant would produce it by November 30, 2023.
This came as oil marketers stated that the prices of diesel and jet fuel would only crash when the Dangote refinery starts receiving crude oil from Nigeria, and not by importing crude.
Meanwhile, Edwin stated in the interview that the Dangote Refinery would initiate a gradual increase in petrol production, aiming to reach an impressive 650,000 barrels per day by November 30.
He emphasised the refinery’s readiness to receive crude oil, stating, “Right now, I’m ready to receive crude. We are just waiting for the first vessel. And so, as soon as it comes in, we can start.”
Regarding the shift in the original timeline, Edwin clarified, during his conversation with S&P, that the NNPCL had already committed their crude oil to another entity on a forward basis, causing a temporary delay.
He said the setback was momentary, and the refinery would soon run exclusively on Nigerian crude oil as from November 2023.
It was also gathered on Tuesday in Abuja that the NNPCL had entered into crude oil supply commitments with other entities, but would ensure that it supplies the commodity to Dangote refinery in November.
In mid-August, the national oil firm announced that it had secured a $3bn emergency crude oil repayment loan from the African Export-Import Bank.
It had announced the acquisition of the loan in a brief statement titled, ‘Relief for the naira: NNPC Ltd secures $3bn emergency crude repayment loan from AFREXIM Bank.’
The statement read, “The NNPC Ltd and @afreximbank have jointly signed a commitment letter and term-sheet for an emergency $3bn crude oil repayment loan.
“The signing, which took place today at the bank’s headquarters in Cairo, Egypt, will provide some immediate disbursement that will enable the NNPC Ltd to support the Federal Government in its ongoing fiscal and monetary policy reforms aimed at stabilising the exchange rate market.”
Providing further explanation about the loan at the time, the Senior Special Assistant to President on Digital/New Media, O’tega Ogra, in several posts on X (formerly Twitter), explained that the $3bn was not a crude-for-refined products swap loan, but an upfront cash loan against proceeds from a limited amount of future crude oil production.
This confirmed that the national oil firm had really made commitments to other entities using the crude produced by Nigeria.
Ogra had said, “Is this loan risky for NNPCL or the Nigerian Treasury? No. The exposure for NNPCL is very limited, covering just a fraction of their entitlements. Additionally, there are no sovereign guarantees tied to this loan.”
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I bombed Iran nuclear facilities for the peace of tomorrow -Female IDF navigator

A female navigator in the Israeli Defence Force, IDF, simply identified as Maj. Shin, has said she undertook a recent attack on Iran’s nuclear facilities to safeguard her country and people today and for the future.
According to her, though the mission was an emotional one, she was convinced that Iranian regime was an existential threat that must dealt with.
“I felt the responsibility in the cockpit to remove a real and existential threat to the State of Israel,” says Maj. Shin, identified only by the first Hebrew initial of her name, in rare public remarks for a female member of an IAF air crew.
“We’re doing this for the peace of tomorrow. For our home. That is our mission,” she adds.
Maj. Shin flew over 1,500 kilometers (about 1,000 miles) from Israel in what she describes as a “complex and powerful aerial operation designed to ensure that our children will have a better and safer future.”
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Tinubu goes to Benue over killings

President Bola Ahmed Tinubu will tomorrow visit Benue State over recent killings that have to death of hundreds of people including children who were reportedly burnt alive by murderous brigands.
Whole in Benue, the President will galvanise security and rally the people against the marauders to end their dastardly actions.
In the last round of attacks, which drew out youths in protest at the weekend, no fewer than 147 people were killed, according to Governor Hyacinth Alia.
President Tinubu put off his original plan to visit Kaduna State to enable him to move to Benue, where he will have a town hall meeting with traditional rulers, political leaders, religious figures, youth groups, and civil society representatives.
The meeting is designed to generate home-grown solutions to the prolonged violence.
In a statement, Bayo Onanuga, Senior Special Adviser to the President on Communication and Strategy, said Tinubu has already dispatched the Secretary to the Government of the Federation (SGF) George Akume, also a former governor of the state; the National Security Adviser (NSA) Nuhu Ribadu, Inspector General of Police (IG) Kayode Egbtokun; heads of intelligence agencies, and chairmen of the Defence Committees in the Senate and House of Representatives to assess the situation before hand.
Yesterday, the President, who spoke on the killings during the Abuja water project, said: “While I sympathise with the Benue people, I have spoken to the governor, the leadership and the people of Benue, to accept our condolences and try very consciously to maintain peace and harmony among themselves.
“I have always said that we are one single huge family living in the same house, staying in different rooms, but living together in harmony will be the result of our diversity for prosperity. We should be able to manage our anger and frustration.
“I sympathise with those who have lost their lives. I will adjust my programme and go see Benue people on Wednesday.”
Governor Hyacinth Alia, who hailed the proposed presidential visit, said it would be a soothing balm to victims and reassure the people that they are not abandoned in this trying period.
The governor, who confirmed that 147 were killed, also explained that 127 bodies had been buried.
He said eight were awaiting burial, with two in the mortuary, after the latest round of attacks.
Alia insisted that foreign militants were behind the killings.
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Oshiomhole lied, didn’t check-in online- Air Peace

Air Peace has made another shocking revelation on its dispute with former Edo State governor and senator representing Edo North, Adams Oshiomhole, this time, refuting his claim of checking in online for the flight.
Recall that Oshiomhole had arrived late for a scheduled flight and when told of his late arrival, he allegedly jumped the crossing belt, blocked checking in and exit entrance in attempt to force himself on the flight. He later made a video claiming he checked in online and alleged Sir Peace wanted to extort him.
But the airline has said the lawmaker failed to check in online and arrived late for his scheduled 6:30 am flight.
Speaking on Channels Television’s Politics Today on Monday, Air Peace’s Operations Manager, Ayodeji Adeyemi, dismissed the claims as “false allegations”.
“Oshiomhole has made several allegations, and we stand by the fact that they are false. He came late for his flight — that’s already been established, and he didn’t deny it. He came to the airport requesting to board when the flight had closed,” Adeyemi said.
Addressing Oshiomhole’s claim of checking in online, Adeyemi stated the airline’s backend systems showed no such record.
“He never checked in online. He only tried to sway public opinion by showing his phone on TV. If he truly checked in online, he should produce the boarding pass issued to him. Till now, he has not done that,” he said.
“If you check in online, your name appears on our manifest and system. He wasn’t there. We couldn’t find him on our checked-in list,” he added.
Adeyemi further clarified the timeline of events, stating that Oshiomhole arrived after 6:00 am, well past the check-in cutoff time.
“Our check-in closes 45 minutes before departure — that’s standard. The flight was for 6:30 am, and at the time he arrived, the door of the aircraft was already shut,” he said.
Addressing a viral video showing an Air Peace staff speaking to the senator in a secluded section of the terminal, Adeyemi said: “Nobody cornered him. Given his status, the official only tried to explain that since he had missed the flight, the next one was at 8:30 am, and to board that, he would need to change his ticket and pay the appropriate fees.”
On the issue of alleged extortion, Adeyemi insisted that what Oshiomhole described was standard airline policy when you arrive late and had to reschedule.
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