Oil and Gas
NNPC tasks newly-recruited graduate trainees on commitment
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari has urged the organisation’s newly recruited graduate trainees to be committed to their duties. adsbygoogle || []).push({});
The Group General Manager, Group Public Affairs Division, NNPC, Dr Kennie Obateru, made this known in a statement issued on Sunday in Abuja.
He said that Kyari, through a virtual platform session with the new employees in Abuja, as part of their onboarding programme, advised them to go the extra mile in achieving extraordinary results for the NNPC.
“This is a company you will love to work for. But more than that, you will stay here and build a very fulfilling career.
”I have been around here for 29 years, and I have enjoyed every moment of it,” Kyari said.
The managing director said that it was also imperative for the new staff to work harmoniously with old ones in making the corporation become the National Oil Company (NOC) of choice.
He enjoined the graduate trainees to come up with ideas that would assist NNPC in crude oil exploration, refining, marketing, supplying and distribution of petroleum products.
Kyari, who described the trainees as excellent minds that represented the corporation’s future,also assured them of top management support, adding that the NNPC had always promoted gender equality.
“From top down of the corporation, gender inclusiveness is reflected”, he said.
Kyari said that it was important for them to always to uphold the corporation’s values of respect for the individual, integrity, transparency, accountability and professional excellence.
He said that the corporation was committed to creating the right environment for the new entrants’ career growth and development.
According to the statement, one of the trainees, Safula Karanga from Gombe State, in response, commended Kyari for his good leadership stlye that was also reflected in the recruitment process.
Karanga also thanked the NNPC Chief for the corporation’s medical interventions to the 36 states of the Federation in the fight against COVID-19 transmission.
Another entrant, Oluwatobi Ayo Yusuf, from Lagos State, according to the statement, thanked the NNPC for the vision of providing a level playing field for all the participants in the recruitment process.
Yusuf said that the recruitment process was the most transparent exercise that he had ever participated in Nigeria.
Similarly, Onianwa Vin-Kingsley, is quoted as saying that the recruitment was remarkable, urging other public and private organisations to emulate the NNPC in their recruitment processes.
Another trainee, Onyeulo Ikenna, a first-class graduate of Chemical Engineering, is quoted as saying that he was happy for the employment without knowing any godfather.
Enyi Ada, from Rivers State, according to the statement, also said that her NNPC recruitment experience had removed her earlier fear that the COVID-19 pandemic would disrupt the recruitment.
“We are a special people who have been onboarded at a challenging time like this,” she said.
Bolarinwa Simeon, a civil engineer, also said that the recruitment process was transparent and credible from the computer-based test interview.
Suleiman Mahmud, on his part, is quoted as describing the appointment as miraculous, because he applied on the last day of the submission of application. (NAN)
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- Prince Abdulrahman Obaje is a Media, Information and Computer Technology Consultant. A quintessential Journalist, online marketer, social media strategist, Mathematician and Computer Scientist is based in Abuja, Nigeria. He is the Founder and the Publisher of The Informavores!. You can reach me on +234 805 939 5252 or send i-witness report directly to me on news@informavores.com.ng.
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Former EFCC Chairman Abdulrasheed Bawa Justifies PMS Subsidy Removal in a New Book
By AbdulRahman Obaje
The Former chairman of Economic and Financial Crimes Commission (EFCC) Abdulrasheed Bawa has justifies the removal of Petroleum Motor Spirit (PMS) by the current administration of President Bola Ahmed Tinubu in his new explosive book on Nigeria’s fuel subsidy fraud.
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Bawa, in his groundbreaking new book titled ‘The Shadow of Loot & Losses: Uncovering Nigeria’s Petroleum Subsidy Fraud’., give a powerful exposé providing the most authoritative account yet of Nigeria’s multi-trillion-naira fuel subsidy scandal, exposing the inner workings of one of the country’s most pervasive financial crimes.
In the book published by CableBooks, an imprint of Cable Media & Publishing Ltd, Bawa Drawing from his firsthand experience as a key investigator on the EFCC’s special team that probed the 2012 subsidy fraud, reveals the staggering scale, complexity, and audacity of the schemes used to siphon public funds under the guise of fuel subsidy payments. His insider narrative chronicles how billions of naira were recovered and several culprits brought to justice, while also shedding light on how entrenched corruption allowed the fraud to flourish for years.
He details multiple fraudulent strategies as ghost importing and over-invoicing whereby Companies submitted claims for fuel that was never imported or inflated shipment volumes to receive excessive subsidy payouts.
Manipulation of bills of lading which is By altering shipping documents, fraudsters exploited international price fluctuations to claim higher subsidies.
Round-tripping and double claims whereby Single shipments were often used to obtain multiple subsidy payments.
He further revealed that there was also the problem of diversion and smuggling whereby subsidised fuel was frequently diverted to black markets or smuggled out of Nigeria for profit.
In a statement, Bawa said, “The Shadow of Loot & Losses is not just a chronicle of fraud, it is a call to action — a demand for transparency, accountability, and reform in Nigeria’s public finance management, especially in the oil sector.”
These practices, Bawa explains, were enabled by forged documents, weak regulatory oversight, and systemic collusion between corrupt government officials and private sector actors.
Having served as EFCC chairman from 2021 to 2023, Bawa brings rare credibility and insight into the institutional challenges and political dynamics that have shaped the anti-corruption fight in Nigeria. His book is both a revelation and a reckoning — offering evidence-based analysis and personal reflections on one of the most controversial chapters in Nigeria’s recent history.
President Bola Ahmed Tinubu had announced removal of fuel subsidy during his inauguration speech citing that the economy can no longer sustain it.
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Oil and Gas
Nigeria’s Oil Production Reaches 1.53m bpd in January, Meets OPEC Quota
By AbdulRahman Obaje
For the first time since it was set for the 2024 period, Nigeria has met the Organisation of Petroleum Exporting Countries (OPEC) production quota of 1.5 million bpd.
According to OPEC’s monthly oil market report, Nigeria’s crude oil production reached an average of 1.
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The report explained that the country’s production increased by 3.6% from December’s output of 1.48 million bpd. This development solidifies Nigeria’s position as Africa’s largest oil producer, surpassing Algeria, which produced 907,000 bpd in January.
Vangaurd reports that the quota, initially set in November 2023, was extended to 2026 due to Nigeria’s struggles to meet the target in 2024. However, the recent increase in production indicates a positive turnaround.
OPEC gathers oil production data from two sources: direct communication with Nigerian officials and secondary sources such as energy intelligence platforms. While direct figures confirm that Nigeria met its quota, secondary sources report a slight decline of 2% in January to 1.49 million bpd from 1.52 million bpd in December.
The report also highlights that Nigeria’s oil production is expected to rise further as the Dangote Refinery nears full capacity. Once fully operational, the refinery will process 650,000 barrels of crude daily, potentially stabilising petroleum supply and lowering fuel prices.
“…the oil sector remains central to the economy, and the Dangote Refinery reaching full production capacity should help stabilize the petroleum product supply and possibly lower petrol prices,” OPEC said.
On February 10, Edwin Devakumar, Vice-President of Dangote Industries Limited, stated that the refinery is expected to reach full operations within 30 days. Meanwhile, Minister of State for Petroleum Resources (Oil).
Heineken Lokpobiri reaffirmed the federal government’s plan to increase crude oil production to three million barrels per day by 2025.
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Oil and Gas
Dangote Crashes Ex-depot Petrol Price to N890 Per Litre
By Our Reporter
The Dangote Refinery has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N950 to N890, effective from Saturday, February 1, 2025.
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The Group Chief Branding and Communications Officer, Dangote Petroleum Refinery, Mr Anthony Chiejina, said this in a statement on Saturday.
Chiejina said that the price adjustment was in response to favourable developments in the global energy sector and a significant decline in international crude oil prices.
The News Agency of Nigeria (NAN) quoted Chiejina as saying that this latest move followed a similar decision made on Jan. 19 when a modest price increase was implemented due to rising crude oil costs.
Chiejina said with recent global market trends indicating a decline, Dangote Refinery had once again adjusted its pricing structure, providing relief to Nigerians.
The statement also noted that the price reduction would significantly lower the cost of petrol across the country, generating a positive ripple effect throughout the broader economy.
“Dangote Petroleum Refinery firmly believes that this reduction from N950 to N890 will result in a meaningful decrease in the cost of petrol nationwide,” he said.
He said the reduction would drive down the prices of goods and services as well as the overall cost of living, with a positive ripple effect on various sectors of the economy.
The refinery called on marketers across the country to ensure that the benefits of the reduced price were passed on to Nigerians.
Dangote refinery reiterated its support for the economic revival spearheaded by President Bola Tinubu.
According to the refinery, the Tinubu administration is focused on making Nigeria self-sufficient in refined petroleum products and positioning the country as a leading oil export hub.
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