Yemisi Izuora The National Emergency Management Agency (NEMA), has launched a strong campaign demanding actions to close existing gaps in responding to disasters across the country. The NEMA, however recognizes that effective disaster preparedness begins with reliable meteorological data and early warning systems, and its strong partnership with the Nigerian Meteorological Agency (NiMet) has been instrumental in this regard. Speaking during the 2025 World Meteorological Day, with the theme, “Closing the Early Warning Gap Together,” the Director General of NEMA, Zubaida Umar, says the theme, highlights a critical challenge in disaster risk reduction ensuring that timely and accurate early…
Author: Orientalnews Staff
Uche Cecil Izuora As part of broader energy efficiency initiative, the Ogun State Governor, Prince Dapo Abiodun, has dragged the State into a partnership deal with Ambar Energia of Brazil to establish power plants in the State. This is part of his administration’s commitment to guarantee an adequate supply of power and food security to residents, as well as thousands of industries operating in the state. He noted that Ogun State, being the industrial capital of Nigeria, must optimally utilize the amendment of the 1999 constitution, which decentralizes power generation and allows federating units to generate their electricity independently…
March 25, 2025 Nigeria’s power sector has long been plagued by inefficiencies, poor electrification rates, as well as chronic power outages and shortages. Despite being Africa’s largest economy, access to stable and reliable electricity remains a major constraint to industrial growth and economic development. Based on data from Nigerian Electricity Regulatory Commission (NERC), Nigeria’s installed power generation capacity is currently about 13,625 MW but the operational output was only reported to be c.5,339MW recently. Thus, the power sector continues to lag behind in meeting the nation’s energy demands. One of the most effective strategies to overcome these challenges is…
Yemisi Izuora The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has observed with concern the recent tension and panic buying of petroleum products across the country. The Association also noted the news making the rounds in the media space that the temporary suspension of sales in Naira by Dangote Refinery is the reason for the panic buying. “We wish to reassure the public that this is not a justification for panic buying. The Nigerian National Petroleum Company Limited (NNPCL) has two functional refineries, and there are other modular refineries, as well as importers, that are also supplying…
Yemisi Izuora The Manufacturers Association of Nigeria (MAN) has stated that the production of polypropylene by the Dangote Petroleum Refinery & Petrochemicals will revive Nigeria’s struggling textile industry and save the country $267 million in import costs. In an interview on the Channels Business Incorporated Programme, the Director-General of MAN, Segun Kadir-Ajayi, highlighted the struggles of the textile industry, which was once thriving and employed over 25,000 workers aged between 18 and 40 in the northern region alone. He explained that many companies have been forced to shut down due to the absence of local polypropylene production and the…
Uche Cecil Izuora Nigeria’s Trans Niger oil pipeline has been fully restored and is working normally, after it was ruptured by a blast last week, Renaissance spokesperson Tony Okonedo said on Tuesday. The Trans Niger Pipeline (TNP), with a capacity of around 450,000 barrels per day, is one of two conduits that export Bonny Light crude from Nigeria, Africa’s biggest oil producer. Oil output through the TNP was rerouted to an alternative line after blasts ruptured the main link on March 19, according to Nigerian oil consortium Renaissance Group, which now owns Shell’s former onshore subsidiary that operates the…
Yemisi Izuora The Chief Operating Officer of TankTiger, Steven Barsamian, export of jet fuel to the U.S by Dangote refinery would go a long way to reduce soaring prices of the product. TankTiger is a terminal storage clearinghouse that aims to connect buyers and sellers of terminaling services and midstream logistical assets across the globe. Barsamian, says the surge in demand, partly driven by the influx of supply from Nigeria, is expected to lower jet fuel prices in the US ahead of the peak summer travel season. The US jet fuel imports from Dangote Refinery are expected to decrease…
Yemisi Izuora With the planned commissioning of its alkylation unit, 650,000 b/d Dangote refinery will be enabled it to run its crude distillation unit (CDU) at operating capacity. This is expected to happen in April according to a source with knowledge of the matter. The source said CDU capacity is 550,000 b/d currently, although vessel tracking data suggest it is running some way below that. Crude arrivals at the refinery to date in March have fallen to between 175,000-235,000 b/d, according to preliminary data from vessel trackers Kpler and Vortexa, from 405,000 b/d in February. Throughput hit a high…
Uche Cecil Izuora Nigeria is set to introduce a new crude grade, medium sweet Obodo, which is projected to hit the market in April in a moves by Government to sustain its crude offering. Obodo has a gravity of 27.65°API and a sulphur content of 0.05pc, according to an assay seen by Argus. A source said the grade is likely to be priced in line with Nigerian medium sweet Bonga. However, details on production levels were not immediately available. The Nigerian independent Continental Oil & Gas will produce Obodo from onshore oil block OML 150 in the Niger delta region,…
Yemisi Izuora Oil giant Shell has set out plans to reduce its annual spending to $20 billion from $22 billion over the next three years. Shell has equally announced plans to ramp up cost savings and reduce spending while aiming to deliver more value with lower emissions, in spite of having weakened its carbon reduction pledge in 2024. Ahead of its capital market day, the oil giant revealed it would look to strip out $5 billion to $7 billion a year by 2028, up from the previous target of $2 billion to $3 billion by 2025. The FTSE 100 company…