Business
Reps’ Petroleum Probe: Kalu Stands With Speaker, House Leadership on Dissolution of Joint C’ttee

…Reports of S10m Bribe, Shouting Match With Abbas Unfounded
From Lateef Taiwo
Deputy Speaker, House of Representatives Hon. Benjamin Kalu has informed that he is in support of the dissolution of the joint committee on Petroleum Resources (Midstream) and (Downstream) probing the activities of the Nigeria’s petroleum sector, a decision recently taken by the leadership of the parliament.
This was contained in a press statement signed by Levinus Nwabughiogu, Chief Press Secretary to the Deputy Speaker made available to Journalists in Abuja , on Wednesday.
According to the statement:,”the deputy speaker does not also have any misunderstanding of any kind with the Speaker of the House, Hon. Tajudeen Abbas, and the House leadership on the development”.
The Deputy speaker further explained that the clarification becomes imperative following the reports of alleged bickering between the speaker and and himself over the matter.
“We make bold to emphatically state that there is no conflict and has never been any between Speaker Abbas and the Deputy Speaker since their election as the presiding officers of the 10th House in June, 2023.”.
Menawhile the statement stated that Both leaders enjoy a robust working relationship akin to filial ties and at no time has Kalu’s loyalty to the speaker been questioned.
“Abbas has explicit confidence in his deputy whom he publicly refers to as his brother, friend, confidant and strong support”.
“Let it also be stated that the report of a shouting match between Speaker Abbas and Kalu during the recent emergency leadership meeting which the deputy speaker participated via zoom from a very noisy ward-to-ward, thank-you tour at Ugwueke in Bende federal constituency of Abia State is greatly unfounded, insensitive and senseless. The minute of the meeting is there and will convince anyone in doubt”.
The deputy speaker equally disclosed that the decision for the dissolution of the committees was a matter of necessity collectively taken by the House leadership adding that he is in total support of such for a better investigative structure that will soon be announced on the same subject matter.
“For purposes of accentuation, the leadership of the two chambers of the national assembly is coming up with a new model on the probe which details will be communicated to the public soon. This has nothing to do with any allegation or offence on the part of the joint committee in question. Again, the minute of the meeting has no record of such strange allegation.
Moreso, the allegation of S10m bribe is an elaborate hoax, a joke taken too far. It is ludicrous, grossly spurious and provocative. It should be completely disregarded. There is no report of any indictment and nothing close to it was mentioned with regards to the committee, their leadership or membership”.
The speaker therefore used the opportunity to warn those spewing the reports and publications to desist henceforth as it capable of provoking legal suits that might disrupt the hard earned integrity and reputation of the deputy speaker.
“Abbas and Kalu are commited to working for the good of the legislature and the entire Nigeria by providing the needed leadership and guidelines meant to enable people-oriented legislations for good governance and the overall development of the country”
The statement said:”the Office of the deputy speaker is always open to provide answers to official issues that need clarification”.
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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