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Why NNPC may not lift Dangote petrol on Sunday

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Four days before the September 15, 2024, date announced by the Nigerian National Petroleum Company Limited to start lifting Premium Motor Spirit, popularly called petrol, from the Dangote Refinery, investigations by The PUNCH show that no commercial agreement has been reached to that effect by both parties.

Multiple sources from NNPC and Dangote confirmed on Tuesday that the two oil firms had yet to reach a deal on the quantity and pricing of PMS to be lifted by the national oil company.

On September 5, 2024, the Executive Vice President of Downstream, NNPC, Adedapo Segun, said during a live television programme that the company would lift Dangote petrol on September 15.

He also outlined factors that would determine the price of the commodity, as he stated that foreign exchange rates and market forces would influence the cost of petrol, stressing that the market had been deregulated.

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But on Tuesday, government sources close to the development revealed that no paperwork had been signed by both parties for the lifting of petrol from the $20bn Dangote refinery by NNPC from September 15.

They stated that the terms and conditions required for the deal had not been agreed on, stressing that the national oil company may not lift any petrol from Dangote on the announced date.

When told that September 15, 2024, is around the corner and asked whether plans had been concluded for NNPC to lift Dangote petrol from that day, a senior official at Dangote refinery, who spoke to one of our correspondents in confidence due to lack of authorisation to speak on the matter, said nothing had been agreed on pricing, and petrol lifting, among other things.

“Right now, no documentation from NNPC and NMDPRA (Nigerian Midstream and Downstream Petroleum Regulatory Authority) on product lifting. Nobody has spoken to us that they want to pick up PMS on September 15.

“For you to come and pick products in five days there must be discussions on pricing and other things, which is the commercial engagement. Of course, there must be an offer and other things, the lawyers will structure the terms and conditions,” the source stated.

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On how PMS lifting from the Dangote refinery could be, the official replied, “It will be through the same way that products are imported  and put in terminals before being lifted by marketers for distribution across the country.”

Another official at the Federal Minister of Petroleum Resources, corroborated the position of the Dangote source, stating that “nothing concrete has been agreed on right now in terms of petrol lifting, but I believe the process is still ongoing.”

A seasoned business adviser to several companies in the upstream, midstream, and downstream oil and gas sectors in Nigeria, Mr Dan Kunle, urged President Bola Tinubu to intervene in the matter.

“The President must act now to address the concerns caused by the issues surrounding the supply of petrol and how this has been fueling the socioeconomic crisis across the country,” he advised.

The spokesperson for the NNPC, Olufemi Soneye, had yet to respond to enquiries on the matter up till when this report was filed on Tuesday night.

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Also on Tuesday, the Crude Oil Refiners Association of Nigeria said the Dangote refinery petrol might be cheaper if it gets the necessary concessions from the Federal Government.

CORAN’s comment is coming amid fears that the Dangote petrol may be more expensive when released into the market.

The PUNCH reports that the refinery has yet to roll out its petrol a week after it was unveiled by the President of the Dangote Group, Aliko Dangote.

Marketers had expressed fears that the product from the Dangote refinery may be as high as N1,000/litre considering the current landing cost of petrol.

However, speaking in an interview with our correspondent on Tuesday, CORAN Publicity Secretary, Eche Idoko, disclosed that there is no way Dangote’s PMS will be more expensive if the government fulfils its promises.

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While saying he was not in a position to determine the price, he stated, “There’s no way his fuel will be too expensive if all the other concessions the government has arranged come to bear. So, if those come to bear, definitely his prices will be cheaper.

“The only thing that will make his products more expensive is if he gets the crude on a higher term. That was all we were crying out for the first time. We must have a special pricing arrangement for local refining like it’s done in other places,” he suggested.

The CORAN spokesman advocated that the committee set up by the Federal Government on naira crude sale to local refineries should come up with a report, while the Nigerian Midstream and Downstream Petroleum Regulatory Authority will guide on prices.

He also requested, “for those of us who are local refiners, we must be able to create a special pricing arrangement for both feedstock and the refined product that will satisfy the Nigerian people.”

The position of the association, he said, is to make sure members break even in business while producing the quality specification that best serves Nigerians and delivering it at a reasonable price that will satisfy Nigerians.

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He told our correspondent that the group was planning to meet with Dangote on pricing.

“By the time we interact with Dangote on his pricing arrangement, we will be able to address him where we deem it necessary and then we will also come out and publicly address the press on that. At this instance, we are yet to do that,” he said.

On the back and forth between the Dangote refinery and the Nigerian National Petroleum Company Limited, Idoko said refiners were not surprised.

“We are not surprised at what is happening. Usually, when there is going to be a market shift, the incumbents are bound to react,” he noted.

He stressed that discussions are still ongoing and there is nothing concrete yet.

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“Because there is nothing concrete and everything is still based on speculations and bickering from both Dangote and NNPC, we don’t want to take a position until the negotiations are completed, especially with the committee set up by the Federal Government to see to the supply of crude in naira is completed and we are properly briefed, then we can give a position.

“But, by way of summary, our position ultimately will be what would be in the interest of, first, the Nigerian people, and then secondly, we would also throw our weight behind people who are seeking to invest in our economy. Those are the two paramount things.

“We always keep telling the government and telling anybody who cares to listen, that the decisions that have to be reached on local refining shouldn’t be done from the lens of one man alone. Dangote means just one out of many of us.

“So, we want the decision of the government to be palatable to even new entrants. So, in this instance, we want to tell the government to actually look at the broader picture of things and not say, ‘We are doing this because of Dangote’. We are doing it because of new entrants that are coming tomorrow,” he stressed.

According to him, refining locally has its advantage over importing products.

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“As Nigerians, we also expect that in the overall pricing, Dangote is going to be circumspect and would look at the interest and purchasing power of Nigerians. Even though we know he’s in the business for gain, we do expect, as the person that he is, that he’s going to look at the interest of Nigerians in arriving at a price.

“We also want to advise NNPC to be very transparent about it and it’s not the time for politics because people are really suffering,” Idoko mentioned.

On the condition of the NNPC that it would only pick Dangote PMS if it is cheaper, Idoko maintained that the intervention of the Federal Government is still being awaited.

“I know if Dangote gets a special arrangement, they will also sell under that special arrangement for that quantity they are going to be refining. So, a lot is still going on right now. And then as an umbrella association, we don’t want to make any statement until we have seen the actual facts.

“But I think whatever you are seeing in the press is the normal thing that happens between the two parties trying to buy. So everything is done to give you a negotiating advantage. And in this case, playing to the people’s sentiments is key.

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“But when it comes to pricing, I know that some compromise will be reached sometime, but our position is that whatever the compromise is, it should be in the overriding interest of Nigeria and Nigerians.

“Dangote has not briefed us nor has the committee set up by the Federal Government reverted to us on what had been agreed. We have told them what our intentions are and we have told them what our expectations are and I think Nigerians should just wait patiently for this to be agreed,” he said.

Culled from The PUNCH

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NCDMB, Seplat firm up plans for take-off of Centre of Excellence at DELSU

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Key Management staff of the Nigerian Content Development and Monitoring Board (NCDMB) and Seplat Energy Plc met with principal officers of the Delta State University (DELSU), at Abraka, Delta State, on Monday to deliberate on critical processes toward the take-off of a Centre of Excellence in Gas Development, approved for the institution by the Board in 2024.

The project, which is the latest among similar ones at Niger Delta University, Amassoma, Federal University of Technology, Minna, Federal University of Technology, Akure, Federal University of Technology, Owerri, Modibbo Adama University of Technology, Yola, and Usman Danfodio University, Sokoto, is the outcome of an NCDMB-commissioned research undertaken by PricewaterhouseCoopers (PwC) to provide a 10-year road map for research and development (R&D) for the Nigerian oil and gas industry.

Speaking at the event, the Director, Corporate Services, of the NCDMB, Dr. Abdulmalik Halilu, who represented the Board’s Executive Secretary, Engr. Felix Omatsola Ogbe, recalled that personnel of the Board and Seplat have held a series of engagements since 2024 to ensure they achieved a scope that clearly outlined the essence of what a centre of excellence is supposed to deliver in terms of infrastructure, equipment, capacity development, research policy and most importantly, sustainability of the project.

He disclosed that the Managements of NCDMB and Seplat Energy have endorsed the scope and were ready for the take-off of the project, with a team of technical experts already assembled to manage the entire process. He reiterated that the Standing Committee of the Board that has been managing the project since conception has been further reinforced with the inclusion of new personnel of general manager cadre to ensure that expectations of the project are met.

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“We wish to reassure you,” Dr. Halilu declared, that “the Executive Secretary is fully committed to the project, not just at the project development phase but even during execution,” and has accordingly deployed the full complement of staff covering quality assurance, research and development, and related operational units to achieve the best results.

In his own remarks, the Nigerian Content Manager of Seplat Energy, Mr. Simeon Ogari, said his company, which operates the 300 million standard cubic feet per day (MMscfd) ANOH Gas Processing Plant, a 50/50 Joint Venture with the Nigerian Gas Infrastructure Company (NGIC), chose Delta State University, Abraka, for the Centre of Excellence project because of its proximity to his company’s major operational base.

While underlining the commitment of the company’s Management to timely completion and sustenance, he pointed out that the Research Centre in Gas Development would be beneficial not only to the institution but to the oil and gas industry and the country at large as a centre for advanced research and technology incubation.

He, however, emphasised the importance of collaboration, pointing out that “There is nothing as good as looking at the Triple Helix Model,” as every research centre in the world has government, institution, and the private sector working together in critically important roles. He said he expected same for the upcoming Centre.

Giving the background to the project, the Chief Executive Officer of GOSHEN, the management firm in charge of the project, Mr. Leonard Okafor, noted that the research work undertaken by PricewaterhouseCooper showed that Nigeria is “operating an enclave economy,” without adequate intersectoral linkages, and that “there was need for entrenched local content in the oil and gas industry.” The Research Centre, he explained, was one of a number of initiatives designed to address the deficits.

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The PwC research, he stated, also identified five areas where R&D would enhance local participation in the oil and gas industry, namely, Collaboration, Infrastructure, Capability, Commercial/Legal Framework, and Funding. He emphasised that “Finding the right collaboration is critical,” noting that academics with sound research backgrounds and who are well-published are particularly required for a project of this nature.

Explaining further what he titled as “Standard Requirements from Host Institutions,” the management consultant listed availability of research staff for secondment to [the Research] Centre, availability of non-research/administrative staff for secondment to the Centre, essential policy documents (Existing MoU for any existing research centre/collaboration between DELSU and other parties], Research Policy, and Finance and Procurement Policy).

In his own response, the Vice Chancellor of the institution, Professor Samuel Oghenovo Asagba, thanked NCDMB and Seplat for the world-class research facility they have decided to build at DELSU, assuring them that he would do his best to meet all requirements for successful take-off.

In regard to collaboration, he said the University, which was rated by Times Higher Education in 2026 as “The best state-owned university in Nigeria,” has very competent academics, renowned for their research output, to fulfil the requirement of collaboration. “In science and engineering, DELSU has high-flyers,” he declared.

Also speaking, the General Manager, Quality Assurance, of the NCDMB, Mr. Chris Osuji, said his department was involved in the project to ensure top-notch finishing. According to him, “From inception to completion, NCDMB Quality Assurance is to be actively engaged,” he stated.

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In a vote of thanks, the Director, Monitoring and Evaluation, of the NCDMB, Mr. Silas Ajimijaye, expressed appreciation to Seplat for providing the required funding, while urging the University Management to use the project to etch its name in gold.

In a similar vein, the Deputy Vice Chancellor, Research, Professor Douglason Omotor, thanked NCDMB and Seplat for the initiative, while assuring that the project executors would find technically competent academics and seasoned administrators to provide effective collaboration.

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NLNG concludes 2026 VIBES Pitch-a-Thon, disburses ₦250m in business grants  

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NLNG has disbursed a total of ₦250 million in grants to 51 entrepreneurs following the conclusion of its 2026 Vocational Innovation and Business Empowerment Scheme (VIBES), which commenced with the induction of 103 participants from its host communities in Rivers State.

The grants followed a competitive pitch-a-thon that brought the programme to a close, with participants presenting their business ideas and funding requirements before a panel of judges. Selections were based on the viability, scalability, and sustainability of each proposal.

Speaking at the event, NLNG’s General Manager, External Relations and Sustainable Development, Sophia Horsfall, said the grant component of VIBES is designed to ensure that participants are not left with just training, but are supported to take the next practical step in establishing their businesses.

“What we are doing with this funding is bridging the gap between learning and execution. Many small businesses struggle at that stage where they have the knowledge but lack the capital to move forward. Through VIBES, we are providing targeted support to help these entrepreneurs implement their ideas, stabilise their operations, and position their businesses for growth,” she said.

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Horsfall added that the initiative reflects NLNG’s broader approach to sustainable community development, noting that combining capacity building with access to funding enables beneficiaries to make measurable progress, strengthen their businesses, and create real economic value within their communities. “It is about providing sustainable livelihoods”, she said.

In his remark, Manager, Community Relations and Sustainable Development, Yemi Adeyemi, commended participants for their dedication throughout the programme and the quality of ideas presented during the pitch-a-thon. He noted that the funding is intended to provide critical growth capital to enable beneficiaries expand operations, improve productivity, create jobs, and strengthen their market position.

He thanked all participants for their commitment and reaffirmed NLNG’s continued investment in enterprise development, and support for initiatives that build local capacity, promote entrepreneurship, and create sustainable economic opportunities in its host communities.

The pitch-a-thon marked the culmination of a four-week intensive business capacity-building programme, during which participants were equipped with practical skills in financial management, business strategy, marketing, and operations to strengthen their enterprises.

The programme, built on innovation, scalability, and sustainability, reinforces NLNG’s commitment to inclusive economic development, integrating capacity building with funding to help entrepreneurs grow, sustain their businesses, and drive long-term impact.

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Abike Dabiri: Did Obi raise a monster or you’re drunk on Tinubu’s poisoned chalice?

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I bet you didn’t know Abike Dabiri. Two factors will make this possible. Either you were not around in Nigeria in the golden era of our Nigerian television girls – the era when being a regular face on Nigerian Television Authority (NTA) gave you the golden key to open all doors – or you were somewhere in the villages very far and distant from civilization – many of us were – that included not having access to the television.

O! You didn’t know? You didn’t know a time was in this clime when seeing a television screen from a distance, was one of the biggest privileges one could get let alone watching it – that people clustered at the windows of homes with television sets to catch a glimpse of Village Headmaster, for instance.

You’re carrying shoulders because you probably met the time when carrying a Blackberry phone was all you needed to get that fine babe behind your sheets! Today, you thought that because you could now watch your matches on your phone – I watched all the AFCON matches on my phone, being on the road most times – there was no time men had to climb walls to turn television antennas to get some appreciable pictures. Chai! This changing world.

Bet you didn’t hear about Bimbo Roberts – later Bimbo Oloyede, Julie Coker and later Augusta Maduegbuna, Elizabeth Nze, Sienne Alwell-Brown, Ruth Benamesia-Opia, Eugenia Abu, Ronke Ayuba, Kehinde Young-Harry, Lola Alakija, in no particular order. No! You wouldn’t if you were not that privileged in the 1980s and even 1990s. They were the glamour of that era.

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Glamour? Not in the sense of beauty – but glamour, because television made them so. For indeed, some of these television faces, were not that glamourous.

But beauty or no, Abike Dabiri was one of the discoveries of that era. Obviously not in competition with these others who were the newscasters on NTA News At Nine, she actually carved a niche for herself elsewhere on Newsline – the soft-sell edition of the station’s news programme aired every Sunday.

Abike Dabiri was a toast of that programme. She was a reporter’s reporter – traversing beyond the seven seas and seven wildernesses to bring to Nigerians those rare stories that either made Nigerians laugh their hearts out or cry their eyes out – a doyenne of human-interest reporting.

Then, suddenly – suddenly – suddenly – the serpent came with the forbidden fruit – the temptation of higher ground – the allure of high office – Tinubu’s tainted chalice that comes like glittering ornament but with hollow and rotten underbelly. She took, she ate and now everything scatter-scatter. Our dear Abike Dabiri accepted and ate the sour grape and now her teeth are set on edge! What a pity!

The breeze has blown to uncover the romp of the hen. Before now, whoever believed that our dear Abike Dabiri farts. But we now know that Abike Dabiri-Erewa not only farts, but her fart smells badly. At first, no one noticed the degeneration.

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The time she was at the House of Representatives, was the golden era of Tinubu. That was when the Jagaban Borgu was the governor of Lagos State. She glowed along by tapping from glittering appeal of the Lagos show boy!

At that time, Tinubu was generally holding the golden trophy adorned with the beautiful calligraphy of democracy in Nigeria. That was before he drank from the poisoned chalice of Muhammadu Buhari, his predecessor by joining him in the hatred for the Igbo man – a phenomenon that becomes the nemesis of some Nigerian leaders – Buhari’s major insignia. Then the desperation! Then the degeneration! Now the albatross!

Now, whoever hates the Igbo and remains the same? None! That was what sealed Buhari’s fate. And surely the snake that bit that braindead archeological discovery – that museum piece – has definitely whipped Tinubu with its tail and the rest is now history. If not, compare a Tinubu as governor when he was all cozy with Ndigbo and now he has turned 360 degrees.

And as long as the darkness will give way to reveal the sun breaking from the East, the sting of the snake’s tail will reach everyone who toes that line. You know why, the dominant culture of the Igbo man is ofo n’ogu – justice, equity and fair-play! Have you watched an Igbo man pray with colanut.

He wakes up and with his cola in his hands, beckons on his chi with these words – ndu mmiri, ndu azu, mmiri atanaa, azu anwuna – the life of the river, the life of the fish – may the water not dry and may the fish not die! Egbe bere ugo bere, nke si ibeya ebena nku kwaa ya – let the kite perch and let the eagle perch – whichever says the other should not perch, may its wings whither. Which other people say the same or similar prayer elsewhere?

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Now, because the kid-goat watches when the mother-goat is chewing the cud, hating the Igbo has become a fad among those who want to please Tinubu. Obviously, the totem through which this sentiment find expression is Peter Obi. He has become the tree standing by the roadside that receives the strokes of the machete. Obi has remained the hieroglyph for expressing real and imagined pro-Igbo angst.

So, in 2025, when Babajide Sanwo-Olu wanted to mend fences with Tinubu, after allegedly falling out of favour with his boss, he launched an unprovoked attack on Obi, using the latter’s Johns Hopkins University lecture as a pad. Reno Omokri, has since made himself Minister of Peter Obi Affairs. Daniel Bwala, Femi Fani-Kayode et al along this line never end a line without Obi getting a slash of their machete.

Enter our dear Abike Dabiri-Erewa. The little birds flying around whistle that her tenure as Chairman of Nigerians in Diaspora Commission (NiCOM) is coming to an end and she is eying a renewal or another job from the Jagaban. How else to go about it than the low-hanging fruit? – Peter Obi.

From nowhere, on Sunday, the media were suffused with the screaming headline – “Peter Obi has actually raised monsters.” As it were with syndicated stories, each of the medium used to transport the outing carried the same headline – well crafted – of course, using her journalism skill to make maximum impact.

After rambling some clearly obtuse and incoherent words in form of reasoning, she ended up with even more brainless, imbecilic and asinine submission – by the time it is Igbo turn to produce Nigerian President, Obidents – followers of Obi – would have destroyed his chances. Me paraphrasing. Chai!

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Now, aunty Abike, whose turn is it now? Isn’t already the turn of Ndigbo and the selfsame Obi? Isn’t it part of the argument that the seat your Jagaban is occupying was stolen from Ndigbo? So, you know that Ndigbo also have a stake to it? Yes! You know. But now you have eaten Tinubu’s palm nuts, see how your teeth have all turned red.

But Ndigbo have another way of invoking justice – ochu nwa-okuko nwe ada ma nwa-okuko nwe nwenwe-oso! I won’t explain. Find an Igbo staff at NiMCOM – if there is one – because I hear you hate them so much that finding one near you might be impossible. But even a cleaner in your office could help or better still – ask your spare parts seller. He’s sure to be Igbo!

My name is Sunny Igboanugo, I’m The Tiny Voice!

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