Business
FG plans $7Bn IPP Project In A’Ibom- Kachukwu

By Patrick ODEY, Uyo The Federal Government has said that it has brokered an investment worth at least $7 Billion to be deployed in Akwa Ibom. Minister of State for Petroleum Resources Dr Ibe Kachukwu made this known last week in Uyo during a town hall meeting organised by the Federal Ministry of Information for states in the South South zone to appraise the performance of President Muhammadu Buhari’s administration. The investments according to Kachukwu would be for the establishment of a power plant and building of a methanol industry in partnership with ExxonMobil and the Nigerian National Petroleum Corporation, NNPC. “Let me say that some of the biggest investments that are coming into petroleum sector are to Akwa Ibom, unknown to you. Right now, we are finalizing the IPP project with Mobil which will produce 500 mega wax of power, we are finalizing the gas pipeline which will enable us take gas from production field back to those. “And at the back of that a major investor is also coming in working with NNPC to try and develop some facilities including a methanol plant. The total value of this investment is over $7bn that is almost in the kitty, it has been approved by the president, and it’s been worked in terms of the contracting aspect. So there are major investments coming your way. “This is the fact of the peace you enjoy here, the fact of the fertility of this area to the reception of people for investment in the oil sector and the fact that Mobil that has been here for many years has continued to impact on the people” the Minister explained. In address at the occasion, the Minister of Niger Delta Affairs, Mr Usani Usani, said that the Ministry had empowered 130 youths with one million naira each to start business of their choice. Usani said that the ministry had built housing estates in the nine states of the Niger Delta region but regretted that those estates were yet to be occupied. He said that the fourth phase of the East-West road was not abandoned and assured that the fifth phase from Oron to Calabar would commence soon and called on the governors in the region to partner with the ministry in the attempt to develop the region holistically. Also in her presentation, the Minister of Environment, Mrs Amina Mohammed, emphasized the need to protect the environment by guarding against pollution. Mohammed said that the entire Niger Delta region would be cleaned up after the Ogoni clean-up exercise and advised the investors in the region to do their businesses in environmentally friendly manner to avoid environmental degradation In an address Governor Udom Emmanuel called on the Federal Government to dialogue with the Niger Delta Avengers to ensure peace and development in the region. Emmanuel noted the economy of the country had been brutalized by the violence experienced in the Niger Delta region recently. “Government must do all it can to dialogue with Niger Delta Militants as our economy is based on resources accruing from this region. “Government must look into the underlining issues of the region, we must dialogue with the stakeholders from the region to resolve these problems once and for all”, Emmanuel said. He further urged the Federal Government to revive the amnesty programme with a view to accommodating more persons in the programme and opined that abandoning the programme would not be the best option now for the people. The governor commended the Federal Government for ensuring that Maritime Academy of Nigeria, MAN, Oron was made a degree awarding institution but called on the National Assembly to expedite action in giving legal backing to the university status of the institution.
Business
Dangote Refinery Boosts Fuel Exports as Gulf Refineries Shut Down

By: Fabian Apechihin
The Dangote Petroleum Refinery has ramped up fuel exports to international markets amid widespread refinery shutdowns in the Middle East, industry sources confirmed.
A senior official at the $20bn Lagos-based plant told The PUNCH that the facility exported significant volumes of petrol (PMS), diesel (AGO), and aviation fuel (Jet A1) to foreign buyers in August, following earlier shipments in June and July.
The surge comes as Saudi Aramco and other regional producers face heavy maintenance schedules, tightening fuel supply. Aramco has already shut down two plants and plans further closures, including its 460,000 b/d Satorp refinery in Jubail for a 60-day turnaround in November–December. Kuwait and India are also scaling back capacity for maintenance and seasonal demand.
According to Argus Media, these shutdowns are pushing Gulf nations to import record volumes of gasoline, with Saudi Arabia and the UAE sharply increasing purchases from Europe and other markets in recent months.
While some reports pointed to operational constraints at Dangote’s 650,000 b/d facility, the company dismissed such claims, insisting production is on track to reach 700,000 b/d by December. Earlier this year, Aliko Dangote announced the refinery had sold two cargoes of jet fuel to Saudi Aramco and recently achieved exports of about 1 million tonnes of petrol between June and July.
“With Gulf refiners offline, Nigeria has now emerged as a net exporter of refined products,” Dangote said.
Analysts suggest the extended refinery outages in the Middle East will further strengthen demand for Dangote’s output, positioning the Nigerian plant as a key supplier in regional fuel markets.
Would you like me to tighten this further into a 5–6 paragraph wire-style news brief, or keep it as a detailed feature-style report with more context on Gulf refinery shutdowns?
Business
US Oil Exports to Nigeria, Others Fall to 3.3m bpd as Local Output Rises

By: Fabian Apechihin
The United States’ crude oil exports to Nigeria and other African countries fell for the fifth consecutive month in July 2025, averaging 3.3 million barrels per day (bpd), the lowest level since March 2022.
The Organisation of Petroleum Exporting Countries (OPEC) disclosed this in its August 2025 Monthly Oil Market Report (MOMR), attributing the decline to weaker flows to Europe and Africa, particularly Nigeria, but without giving further details.
Industry analysts link the slowdown to the ramp-up of local refining capacity, especially the 650,000 bpd Dangote Refinery, which has reduced Nigeria’s reliance on imported crude, including from the US. Vanguard checks also show that crude importation has slowed further in recent months due to improved domestic production.
According to OPEC data, Nigeria’s crude oil output—excluding condensates—rose by 11 per cent year-on-year to 1.559 million bpd in July 2025, up from 1.386 million bpd in the same period of 2024. This marks the country’s highest monthly production level so far this year.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) corroborated the figures, stating that overall output, including condensates, exceeded 1.8 million bpd in July.
Gbenga Komolafe, Chief Executive of the NUPRC, said the milestone was achieved through the agency’s “Project 1 MMBOPD Incremental” initiative, supported by a multi-stakeholder collaborative framework.
“We are glad to report that we crossed the 1.8 million bpd mark on peak production last month, with average production hovering at 1.78 million bpd,” Komolafe stated.
He added that the Commission is working to sustain production growth by optimising the Maximum Efficient Rate (MER) framework, improving produced water management, and aligning operational shutdowns and maintenance schedules to minimise disruptions.
“With these measures and continued collaboration, the presidential mandate on production increase is well within reach,” he said.
Do you want me to make this rewrite more concise for a newspaper front-page brief or keep it detailed like a full energy market report?
Business
NDYPC Hails Otuaro’s Reforms in Presidential Amnesty Programme

• Lauds transparency, fairness in beneficiary selection and grassroots empowerment
• Says reforms align with Tinubu’s Renewed Hope Agenda, restore trust in Niger Delta
The Niger Delta Youths for Positive Change (NDYPC) has commended the Administrator of the Presidential Amnesty Programme (PAP), Dr. Dennis Otuaro, for what it described as bold, people-focused reforms that are restoring trust and delivering tangible benefits to the Niger Delta.
In a statement signed and issued by Comrade Elliott Yibakeni, after the conclusion of leadership training sessions with ex-agitator leaders in Abuja, the group said the PAP, once in urgent need of renewal, is now undergoing a transformation that reflects transparency, fairness, and accountability.
“At a time when public trust in institutions was waning, Dr. Otuaro has emerged as a symbol of credibility and transformation,” the statement read. “His visionary leadership is restoring integrity, empowering communities, and driving a sustainable development agenda that resonates with the aspirations of the Niger Delta.”
According to NDYPC, under Otuaro’s leadership, beneficiary selection has become fair and merit-based, ending years of favoritism and political interference. The group added that access to education, skills training, and empowerment opportunities, both locally and abroad, is now guided by equity and open competition.
The group highlighted several internal reforms, including improved staff welfare, strengthened professional capacity, and strict adherence to best practices in public procurement. These, it said, have made the PAP more efficient, responsive, and transparent.
NDYPC also praised Otuaro’s inclusive governance style, noting his sustained engagement with traditional rulers, women leaders, civil society organizations, and local communities. This approach, the group said, has strengthened peace-building efforts and deepened trust between the PAP and the people it serves.
In line with President Bola Ahmed Tinubu’s Renewed Hope Agenda, the PAP has maintained consistent payment of stipends to ex-agitators and extended direct support to vulnerable populations. NDYPC also applauded new healthcare interventions for ex-agitators facing health challenges.
The statement further commended the programme’s investments in scholarships, vocational training, and economic empowerment initiatives aimed at preparing Niger Delta youths for leadership, innovation, and sustainable livelihoods.
“Every decision reflects a deep commitment to public trust, responsible stewardship, and long-term development,” NDYPC stated. “Under Dr. Otuaro’s watch, the Niger Delta is rising stronger, united, and filled with renewed hope.”
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