About 250 manufacturers and academic institutions have abandoned their respective power distribution companies to generate their own electricity. This class, many of whom are bulk electricity users, shunned the national grid amid its incessant collapse, high cost of electricity, fuel price hikes, and line trippings. Findings from different data sources, particularly from the Nigerian Electricity Regulatory Commission (NERC), showed that …

The Dangote Petroleum Refinery is building eight more tanks in its bid to have enough storage for imported crude oil. A report by Africa Report has it that the refinery is ramping up its storage capacity by 6.29 million barrels, equivalent to 1 billion litres. The report stated that the $20 billion refinery is planning to stockpile imported crude oil …

Nigeria’s crude oil has surpassed 1.5 million barrels per day (mbpd) for the first time in four years, surpassing its December 2024 quota set by the Organisation of Petroleum Exporting Countries (OPEC). The output, which is excluding condensates, signifies a resurgence that is crucial for Nigeria’s economy, heavily reliant on oil revenues amid ongoing reforms aimed at boosting production capacity. …

President Bola Tinubu has congratulated the Group Chief Executive Officer of NNPC Limited (NNPCL), Mallam Mele Kolo Kyari, on his 60th birthday, which comes up on Wednesday. The President commended Kyari’s diligence in transforming NNPCL into a profitable organisation. He recalled that, despite cynicism in some quarters, the NNPCL, under Kyari’s leadership, has recorded notable achievements, including the resuscitation of …

That Baba Obasanjo (former President Olusegun Obasanjo) has an almost child-like emotional attachment to the public-owned refineries under the trust and care of the NNPC Limited (NNPCL) is not in doubt. It is also not difficult to explain why that appears to be the case. He can indeed assert some level of claim/credit for the construction of two of Nigeria’s …

The Nigerian National Petroleum Company Limited (NNPCL) has invited former President Olusegun Obasanjo to tour its rehabilitated refineries following his public skepticism about the viability of the $2 billion invested in the facilities. Obasanjo, during a recent television interview, questioned the progress at the Port Harcourt and Warri refineries, citing historical challenges faced during his administration in efforts to revamp …

Barely a month after the commencement of operations at the 60,000-barrel-per-day-old Port Harcourt Refinery, the Nigerian National Petroleum Company Limited has announced that the 125,000-barrel-per-day Warri Refining & Petrochemicals Company in Warri, Delta State, is now operational. This was disclosed by the NNPCL Group Chief Executive Officer, Mele Kyari, during a tour of the facility on Monday. A video posted …

President Bola Tinubu has expressed his profound joy at the re-opening of the Warri Refining and Petrochemical Company by the Nigerian National Petroleum Company Limited, describing it as another remarkable achievement in 2024 that has strengthened Nigerians’ hope in his administration. Today, the Warri Refinery returned to operation weeks after NNPC Limited restarted the 60,000 Barrels per day at the …

It is important to address the concerns raised in Farooq Kperogi’s recent article, Tinubu’s Buharisation of NNPC, and to clarify some of the misconceptions about the operations and leadership structure of NNPC Limited (NNPCL). First, employment, promotions, appointments, and movements of business leaders at the NNPCL are not influenced by ethnicity, tribe, religion, or political affiliation. Therefore, decisions within the …

After the sustained, unwarranted personal attacks I endured for eight years from northerners for unswervingly calling out what I called the “embarrassingly undisguised Arewacentricity of (Muhammadu) Buhari’s appointments” in a 2 February 2019 column titled Even Ahmadu Bello Would Be Ashamed of Buhari’s Arewacentricity, I promised that I would look the other way if a southern president returned the favour …