NEWS
NNPC Ltd. Signs 10-year Deal to Supply 100mmscf/d Gas to Dangote Refinery
The NNPC Gas Marketing Limited (NGML), a subsidiary of the Nigerian National Petroleum Company Ltd. (NNPC Ltd.), has executed a Gas Sale and Purchase Agreement (GSPA) with Dangote Petroleum Refinery and Petrochemicals FZE.Under the agreement, the NNPC Gas Marketing Limited will supply 100 Cubic Feet Per Day (MMSCF/D) gas to Dangote Refinery for an initial period of 10 years to boost local production and revamp industrial growth.
The agreement was signed by the Managing Director, NGML, Mr Justin Ezeala and the President/CEO, Dangote Group, Aliko Dangote on Tuesday at the Corporate Head Office of Dangote in Falomo, Lagos State. Mr Olufemi Soneye, Chief Corporate Communications Officer, NNPC Ltd. in a statement said the agreement outlined the supply of natural gas for power generation and feedstock at the Dangote Refinery, in Ibeju-Lekki, Lagos State.Soneye said the milestone was in line with President Bola Tinubu’s policy of utilising Nigeria’s abundant gas resources towards revamping the nation’s industrial growth and kickstarting its economic prosperity.“This development, which sees a huge investment of this nature penned with zero Capital Expenditure (CAPEX) outlay, has been described by many as unprecedented in the history of NGML or any gas Local Distribution Company (LDC) in the country.“Under the terms of the agreement, NGML will supply 100 million standard MMSCF/D; 50MMSCF/D being firm supply and the rest 50MMSCF/D interruptible natural gas supply to the refinery for an initial period of 10 years, with options for renewal and growth.“This collaboration is a significant step toward ensuring the operational success of the Dangote Refinery and enhancing Nigeria’s domestic gas utilisation.“NNPC Ltd, through NGML, its gas marketing subsidiary, continues to lead efforts in promoting the use of domestic gas to support industries and businesses nationwide,” he said.He said the agreement represented a milestone for both NNPC Ltd. and Dangote Refinery, aligning with their shared commitment to boosting local production and providing vital products for the benefit of all Nigerians.According to him, it is a further proof of NGML’s unwavering commitment to business excellence and fulfilling NNPC Ltd’s core mandate of ensuring energy security through the execution of strategic gas projects across the country. (NANNEWS
Okpebholo Freezes Edo Accounts, Orders Reversal of Ministry’s Name
Gov. Monday Okpebholo of Edo has ordered immediate freezing of all the state bank accounts until further notice.Okpebholo gave the directive in a statement issued by his Chief Press Secretary, Mr Fred Itua, on Thursday in Benin.He warned that non-compliance by commercial banks as well as heads of ministries, departments and agencies (MDAs) would result in severe penalties.
“All bank accounts in all commercial banks are now frozen. Commercial banks must ensure strict adherence and prevent any withdrawal from government accounts until further notice,” the statement said. Okpebholo stated that necessary investigations and financial reconciliations would determine subsequent actions.He also ordered the reversal of the Ministry of Roads and Bridges to the old Ministry of Works with immediate effect.The governor cited what he called lack of completed bridges or significant road projects as a justification for changing the ministry of roads and bridges back to ministry of works.“It is ironic that despite its name, the ministry did not construct a single bridge, not even a pedestrian one,” he said.The governor directed immediate implementation and reflection of the new name across official documents and platforms. (NAN)NEWS
Breaking…….NNPC Ltd. Records 1.8mbpd Crude Oil Production
The Nigerian National Petroleum Company Ltd. (NNPC Ltd.) says it has achieved 1.8 million barrels per day crude production following continuous dislodgement of pipeline vandals and crude oil thieves.Mr Lawal Musa, Chief Production War Room Officer, NNPC Ltd., said this on Thursday in Abuja during a briefing on NNPC Ltd.
production.Musa, who is also the Senior Business Advisor to Malam Mele Kyari, Group Chief Executive Officer (GCEO), NNPC Ltd. , said that the achievement was based on the collaboration between the leadership of NNPC, stakeholders and security agencies. “We achieved this because of the clear mandate by President Bola Tinubu to ramp up crude oil production in the country,” Musa said. (NAN)NEWS
EFCC Admits Ex-Kogi Governor’s Alleged Co-defendants to Bail
The Economic and Financial Crimes Commission (EFCC) has admitted the co-defendants in alleged money laundering charge filed against the immediate-past Governor of Kogi, Alhaji Yahaya Bello, to administrative bail.EFCC’s counsel, Jamiu Agoro, informed Justice Maryann Anenih of an Abuja High Court on Thursday upon resumed hearing in the charge.
The former governor, alongside Umar Oricha and Abdulsalami Hudu, are being prosecuted as 1st to 3rd defendants, respectively, in a fresh 16-count charge instituted against them by the anti-graft agency. Agoro also sought for adjournment in the fresh case the EFCC instituted against the ex-governor, saying the 30-day window was still running for the summons earlier issued. running.The EFCC, however, said, it admitted Bello ‘s alleged co-defendants, Umar Oricha and Abdulsalami Hudu, to bail and prayed the court for extension of time for the Bello to appear.At the resumed hearing before Justice Maryann Anenih , Counsel for EFCC, Jamiu Agoro, said the order of the court, given on Oct 3 had not elapsed.“In that wise, we feel it will not be appropriate for us to take proceedings while that 30 days is still running.” So we have discussed and agreed to come back on the Nov 27,” he told the court.He also noted that the Nov 20 date earlier given was not convenient for the Prosecution counsel.Counsel to the 2nd Defendant, Aliyu Saiki, SAN, confirmed that his client had been granted administrative bail by the Prosecution.He said he had no objection to the application for adjournment.The 3rd Defendant’s Counsel, ZE Abass, concurred also.The prosecution Counsel also asked the court to grant an application to paste the notice of hearing on the last known address of the former governor.After listening to all counsel, the judge granted the EFCC’s application for adjournment, including the hearing notice.“I have considered the application for adjournment by the complainant and issuance of hearing notice and the submission by the 2nd and 3rd Defendants. The application is granted,” she said.Justice Anenih thereby adjourned the case until Nov 27.Report says that Justice Anenih had on Oct. 3, 2024 issued a public summon against Bello following his absence in a fresh arraignment on 16-count charges preferred against him by the EFCC.Justice Anenih issued the summon in a ruling following an ex parte application by EFCC counsel, Rotimi Oyedepo, SAN praying the court to grant leave that Bello should be served the charge via substituted means.The court ordered that the charge should be served on Bello at his known residence, No 4, Bengazi Street, Maitama, Abuja, through a public summons to be published in widely circulated national newspapers and also pasted within the premises of the court.(NAN)