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NNPCL Reaffirms Commitment to Strengthen Oil, Gas Stakeholder Collaboration
Malam Mele Kyari, Group Chief Executive Officer of the Nigeria National Petroleum Company (NNPCL), has reiterated the company’s commitment to strengthening collaboration with stakeholders in the oil and gas sector.
He said this on Monday at the ongoing Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) in Lagos.
The theme of the conference is “Building Africa’s Future: Advancing Local Content and Sustainable Development in the Oil and Gas Industry”.
Kyari, who was represented by Mr Udobong Ntia, Executive Vice President (EVP) of NNPCL’s Upstream Division, Kyari emphasised the importance of timely investments and resilient energy systems for socio-economic development across Africa.
He assured attendees that NNPCL is focused on fostering collaboration, unlocking opportunities, and addressing challenges through shared goals.
He highlighted the conference’s significance in facilitating discussions on investment prospects, cooperation, and advancing common objectives for the region’s energy future, particularly regarding local content and sustainable growth.
According to him, the conference is a crucial platform for stakeholder engagement and opportunity identification.
Kyari showcased the progress of Nigeria’s gas export market, citing the ongoing NLNG Train 7 Project, which he added, would boost Nigeria’s LNG production capacity to 30 million tons per annum (MTPA).
He said the planned Nigerian-Morocco and Trans-Sahara Gas Pipeline projects would supply gas to neighbouring African countries and eventually to Europe, reinforcing Nigeria’s position as a major global energy player.
Kyari also emphasised the need to balance energy transition with energy security, stating that the oil and gas industry remains a significant component of the global energy mix and would continue to be crucial for the next 50 years.
NNPCL, according to Kyari, is focused on increasing production, developing gas infrastructure, expanding refining capacity, and driving sustainability initiatives.
“Energy demand is projected to rise globally, driven by Africa’s growing population.
“As part of our efforts to contribute to a cleaner energy future, Nigeria has declared the decade from 2021 to 2030 as the Decade of Gas, aiming to build a gas-powered economy,” Kyari said.
He said that NNPCL is making substantial investments in critical gas infrastructure, including the Ajaokuta-Abuja-Kano (AKK) gas pipeline and the OB3 gas interconnector, designed to facilitate five billion standard cubic feet per day (Bscf/d) of domestic gas utilization and five GW of power generation capacity.
Kyari further stressed Africa’s strategic advantage in meeting its energy needs and reducing reliance on energy imports.
He also underscored the importance of regional collaboration, innovation, and investment in energy efficiency, adding thqat it would be key to ensuring the continent’s long-term energy sustainability.
Earlier, Mr Wole Ogunsanya, Chairman of the Petroleum Technology Association of Nigeria (PETAN), expressed happiness in hosting the event, which brought together top industry experts from around the world.
Ogunsanya emphasised theÿĥ role the oil and gas sector plays in driving economic growth and energy security across the region.
He noted the association’s commitment to advancing Africa’s energy future through strategic partnerships and collaboration with governments and key stakeholders.
“PETAN has long advocated for deeper collaboration and innovative solutions to tackle the challenges facing Africa’s energy sector.
“We applaud the efforts of countries like South Africa, Egypt, and Morocco in advancing renewable energy, and we are optimistic about the continent’s potential to harness its vast natural energy resources,” he said.
Ogunsanya also highlighted the success of international partnerships, such as the new production sharing contracts (PSCs) signed by Panoro Energy in Equatorial Guinea and BW Energy in Gabo.
According to him, these partnerships are testaments to how global collaborations are driving energy development and creating new opportunities for exploration and production.
He said that as the conference continues, PETAN remained committed to addressing the gaps that had hindered Africa’s energy sector and would promote sustainable growth through greater collaboration.(NAN)
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UK Unemployment Rate Rises to 5.1 Per cent
The UK unemployment rate in the three months to October has increased to 5.1%, according to official figures.
That marked a rise from 5% for the three months to September.
The number of people in the UK who are unemployed is now at its highest level since January 2021, just below the peak rate seen during the Covid-19 pandemic.
The Office for National Statistics (ONS) said the data reflected a “Subdued labour market”.
Average wage growth was 4.6%, excluding bonuses, between August and October 2025, but headed in different directions depending on whether you were employed by a company or the state.
Earnings growth in private companies slowed from 4.
2% to 3.9% but accelerated for the public sector employees from 6.6% to 7.6%, compared with the prior three-month period.Wage growth, excluding bonuses, still remains higher than the rate of price increases in the economy.
Estimates for employees on company payrolls dropped by 149,000, or 0.5%, in October compared with the previous year.
Liz McKeown, the ONS director of economic statistics, said the figures indicate “a weakening labour market”.
“The number of employees on payroll has fallen again, reflecting subdued hiring activity.
McKeown also said young people were particularly affected by the fall in payroll numbers and the rise in unemployment.
The number of unemployed 18-24 year olds increased by 85,000 in the three months to October 2025, the largest rise since November 2022.
The government has said it will launch an investigation into youth unemployment and inactivity.
Meerah Nakaayi is 22 and from London. She did a two-year apprenticeship in policy and then worked in the sector for two years, but has been out of work since June.
“The last six months have been incredibly frustrating and demotivating” Meerah said.
“My last interview feedback stated how they had 290 applications for a policy analyst role for a niche policy area. I think that just shows how competitive it really is out there.”
James Reed, the chief executive of Reed Recruitment said all the main measures of the labour market were “going in the wrong direction”.
“I’m wondering whether they’ve hit the bottom or not,” he said.
Reed told the BBC’s Today programme the increase to the minimum wage announced in the Budget was “very welcome for people who have jobs” but “the economics of hiring at entry level is becoming less and less appealing to employers”.
The government has pledged to scrap the two-tier minimum wage and create a new rate for all adults.
But many businesses have said this will make them less inclined to hire young workers with little or no experience.
Yael Selfin, chief economist at KPMG UK, said: “The prospects for a rebound in hiring activity for younger workers remain weak.
The falling rate of private-sector wage growth reflects “a marked slowdown in hiring activity amongst businesses,” she said.
Selfin also said that the overall picture bolstered the case for the Bank of England to cut its base interest rate on ThursdaResponding to the ONS figures, Secretary of State for Work and Pensions Pat McFadden said the data “underline the scale of the challenge we’ve inherited”.
“That is why we are investing £1.5bn to deliver 50,000 apprenticeships and 350,000 new workplace opportunities for young people – giving them real experience and a foot in the door.
Helen Whately, shadow work and pensions secretary, accused the government of implementing “growth-killing policies” that would lead to job losses in the run up to Christmas.
“Fourteen months in a row of higher unemployment means thousands of families will be struggling through the holiday season and without a steady income heading into the New Year.”
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EEDC Explains Recent Decline in Power Supply across South-East
The Enugu Electricity Distribution Company (EEDC) has attributed the recent decline in power supply across the South-East to low electricity frequency.
The Group Head, Corporate Communications, EEDC, Mr Emeka Ezeh, said in a statement on Tuesday in Enugu that the development was caused by gas constraints affecting the Generation Companies (GenCos).
“The development has necessitated the load shedding of available energy by the Transmission Company of Nigeria (TCN).
“As a result, energy allocation to EEDC and daily service levels for customers served by its subsidiary companies – MainPower, TransPower, FirstPower, NewEra, and EastLand – have been impacted.
“Efforts are being made by key stakeholders in the electricity supply industry to address the challenge and restore normal power distribution,” he said.
Ezeh apologised for the inconvenience caused to customers, adding, “We appreciate the patience and understanding of electricity consumers across the South-East.”
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Hamann: Wirtz Made Wrong Choice Joining Liverpool
Liverpool hero Didi Hamann believes Florian Wirtz made the wrong decision joining the Reds this summer.
Wirtz, a £100m summer signing from Bayer Leverkusen, has struggled to adapt to the Premier League and is yet to register a single goal after 16 games in the competition.
Speaking with Sky Deutschland, Hamann stated that the Germany international would have adapted easily to the Bundesliga if he had joined Bayern Munich instead of Liverpool this summer.
“Christmas is approaching and he still hasn’t scored a goal or decided a match. Football is played differently in the Premier League, and he’s had little to no impact there so far.
“Liverpool signed a player for €140 million hoping he could turn around a struggling team with one or two plays.
He still hasn’t done that, and why would he now in January?“When I watch him play, I sometimes get the feeling that he himself no longer believes in his potential. Wirtz made the wrong choice in the summer when he was faced with the choice between Liverpool and Bayern Munich.”

