Dangote refinery of Nigeria gets 1 mln barrel crude cargo from NNPC

Nigeria's new $19 billion Dangote oil refinery has received 1 million barrels of oil from state-owned oil company NNPC Ltd, its second crude cargo this month, as it steps up preparations to begin operations, a Dangote spokesperson said on Wednesday.

The refinery is years behind schedule but its operations are expected to turn Africa's largest oil producer into a net exporter of fuels, a long-sought goal for the OPEC member that almost totally relies on imports.

The Dangote spokesperson said the crude had been loaded at Bonny Terminal operated by Shell and would be discharged at the refinery outside Lagos on Wednesday. Another 3 million barrels were expected before month end, the spokesperson added.

Dangote has said it expects more cargoes to be supplied by NNPC this month as well as one from ExxonMobil.

Nigeria's OPEC oil quota for next year is 1.5 million barrels per day (bpd) but the government says it plans to produce 1.8 million bpd to ensure supplies to the Dangote plant and state-owned refineries that are being upgraded.

By MacDonald Dzirutwe, Reuters

 

Nigeria $11 bln damages bill for collapsed gas deal thrown out by London court

An $11 billion damages bill against Nigeria for a collapsed gas processing project which was procured by bribery has been thrown out by London's High Court.

The West African country was on the hook for the sum – representing around a third of its foreign exchange reserves – after a little-known British Virgin Islands-based company took Nigeria to arbitration over the deal.

But the High Court ruled in October that the contract was procured by Process & Industrial Developments (P&ID) paying bribes to a Nigerian oil ministry official.

Judge Robin Knowles also found that P&ID failed to disclose the bribery when it later took Nigeria to arbitration.

He said in a further ruling on Thursday that the damages award should be thrown out immediately, rejecting P&ID's argument that the case should be sent back to arbitration.

P&ID was also refused permission to appeal against the ruling, though the company can apply directly to the Court of Appeal.

By Sam Tobin, Reuters

 

TotalEnergies pledges $6 billion in Nigeria oil, gas investments

TotalEnergies (TTEF.PA) reaffirmed its commitment to business interests in Nigeria, the French company said, adding that its head Patrick Pouyanne had met Nigeria President Bola Tinubu in Abuja on Monday.

TotalEnergies said it had signed a co-operation agreement with Nigeria's state oil firm NNPC Ltd to carry out methane detection and measurement campaigns using its advanced drone-based AUSEA technology on oil and gas facilities in Nigeria.

TotalEnergies pledged to "invest $6 billion in the coming years," with focus on offshore oil projects and gas production across all terrain, Tinubu's office said in a statement, citing Pouyanne.

Tinubu's meeting with Pouyanne follows similar talks with oil majors Shell (SHEL.L) and Exxon Mobil (XOM.N) as part of moves to attract capital to Africa's top energy producer.

Oil output from Nigeria, Africa's biggest economy, has been in decline for years, hobbled by large-scale theft and sabotage. It has picked up in recent months, helped by offshore production that is less prone to attacks.

Tinubu pledged to remove "anti-investment impediments in the oil and gas industry" and provide incentives to producers to help boost gas output. 

By Sudip Kar-Gupta and Felix Onuah, Reuters

Related story: Video - Dangote Oil Refinery set to commence fuel production in Nigeria

First black woman appointed Chicago commissioner from Nigeria

A Nigerian, Olusimbo Ige, has become the first black woman to be appointed as Commissioner for Chicago Department of Public Health, in the United States.

Chicagos’s Mayor, Brandon Johnson approved her appointment following the dismissal of Allison Arwady, a former commissioner at the Chicago Department of Public Health.

In an announcement by the Chairman/CEO, Nigerians in Diaspora Commission (NIDCOM), Abike Dabiri-Erewa, described Ige’s milestone as “extraordinary”, saying: “History made! Congrats to the first black woman in the History of Chicago Dept. of Public Health to be appointed as Commissioner.”

According to a statement by Abdur-Rahman Balogun, a spokesman of NiDCOM, Dabiri-Erewa was quoted as saying that Ige’s appointment has once again confirmed that Nigerians in the Diaspora are excelling and impacting positively wherever they find themselves.

The NIDCOM chairman urged Ige to live up to expectations while motivating other young Nigerian professionals to also be good ambassadors of the country in their chosen careers.

By Solomon Arowolo, Blueprint

Nigeria Supreme Court blocks release of separatist leader Nnamdi Kanu

Nigeria's Supreme Court on Friday overturned a judgment by a lower court that dropped terrorism charges against separatist leader Nnamdi Kanu, ruling that trial on the charges should continue.

Kanu, a British citizen who leads the banned Indigenous People of Biafra (IPOB), disappeared from Nigeria after skipping bail in 2017. He was arrested in Kenya in 2021 and charged with terrorism.

Friday's ruling by Judge Lawal Garba reinstating Kanu's seven-count terrorism trial at a lower federal court has effectively extended his detention, which began two years ago after his arrest.

"Even though illegalities were committed with the deployment of brutal force to invade his home after he was granted bail and the extraordinary rendition (from Kenya) into the country, there is no legislation yet that has ousted the jurisdiction of the court to try him," Garba said.

Kanu had denied the charges of terrorism and knowingly broadcasting falsehoods, which are linked to social media posts he issued between 2018 and last year.

Kanu's IPOB campaigns for the secession of a part of southeastern Nigeria where the majority belong to the Igbo ethnic group. Nigerian authorities have labeled IPOB a terrorist organisation.

An attempt by the southeastern region to secede as the Republic of Biafra in 1967 - the year that Kanu was born - triggered a three-year civil war that killed more than 1 million people.

By Camillus Eboh, Reuters

Related stories: Nnamdi Kanu’s brother loses London court challenge

Nigerian separatist Nnamdi Kanu's Facebook account removed for hate speech