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NNPC Ltd, PSC Contractors Resolve Disputes, Renew PSC Leases

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Less than a month after the unveiling of NNPC Ltd by Mr. President, NNPC Ltd and its Production Sharing Contract (PSC) Contractors are pleased to announce the execution of fully termed agreements for the renegotiated PSCs.

During an event to mark the landmark achievement held today at the NNPC Towers in Abuja, the parties renewed their agreements in five Oil Mining Leases (OMLs 128,130,132, 133, and 138), a development that would not only unlock further investments in the upstream sector and boost investors’ confidence but would also unlock over $500bn in revenue for the country.

Group CEO, NNPC Ltd, Mallam Mele Kyari, said renegotiations of the assets were in line with the provisions of section 311 of the PIA with other improvements to the PSCs aimed at driving performance in the PSC operations.

President Buhari Unveils New NNPC LTD

Speaking further, Kyari said the negotiations were completed within the timeframe specified by PIA for all re-negotiated PSCs, stressing that “the “meaning of this is that there is now a great deal of clarity between NNPC Ltd and its partners in the deep water space.”

Kyari commended President Muhammadu Buhari for his leadership in providing theNNPC Ltd and its Contractors the opportunity to achieve the milestone through thePIA, thereby offering more opportunities for boosting the nation’s crude oil production and revenue base.

In his remarks, Country Chair, Shell Companies in Nigeria, Mr. Osagie Okunbor described the execution of OML 133 PSC contract as significant progress towards harnessing the deep-water resources of Nigeria.

Also speaking, the Chairman/Managing Director of Exxon Mobil Companies in Nigeria,Mr. Richard Laing noted that the renewal of the Usan and Erha leases validates his company’s commitment to maintaining a significant deepwater presence in Nigeria,through Esso Exploration and Production Nigeria (Deepwater) Limited.

On his part, Chairman/Managing Director of Chevron Nigeria Limited (CNL), Mr. Rick Kennedy said Chevron is proud of its strong partnership with Nigeria and its various partners and remains also committed to supporting the country to develop its energy resources safely and reliably.

The recent negotiations will put to rest the protracted dispute between the NNPC Ltd and the Contractor Parties in Oil Mining Leases (OMLs) 125, 128, 130, 132 and 133, as well as 138 PSCs). The PSCs and their leases, except OML 130, will run for another 20 years term under pre-PIA laws, while OML130 is to be renewed under PIA terms.

The PIA in Section 31m(2) stipulates that new PSC agreements under new Heads of Terms will be signed between NNPC Ltd as Concessionaire and her Contractor Parties within one year of signing the PIA into law, giving a deadline of 15th August 2022.

This provision paved the way for the resolution of lingering disputes which created investment uncertainty and stifled new investments in the nation’s deep offshore assets.

To achieve this, NNPC Ltd leveraged on the near-end term of the PSCs and the parties’ interest to renew the PSCs as a negotiation currency in bringing the contractors to work towards trading the past for the future.

These renewed PSCs would provide several benefits such as improved long-term relationships with contractors, elimination of contractual ambiguities, especially in relation to gas terms, and enable early contract renewal amongst others.

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In a statement by Group General Manger public affairs Division NNPC Limited Garba Deen Muhammad said the signing ceremony was witnessed by the Honourable Minister of State for Petroleum Resources, Chief Timipre Sylva; Board Members of NNPC Ltd, led by the Chairman, Senator, Margerie Chuba Okadigbo; Chief Executive of NUPRC, Engr. Gbenga Komolafe; Chief Executive of NMDPRA, Mr. Faruk Ahmed and the Executive Chairman, Federal InlandRevenue Service (FIRS), Mr. Muhammad Namu.

NNPC Ltd, PSC Contractors Resolve Disputes, Renew PSC Leases

Less than a month after the unveiling of NNPC Ltd by Mr. President, NNPC Ltd and its Production Sharing Contract (PSC) Contractors are pleased to announce the execution of fully termed agreements for the renegotiated PSCs.

During an event to mark the landmark achievement held today at the NNPC Towers in Abuja, the parties renewed their agreements in five Oil Mining Leases (OMLs 128,130,132, 133, and 138), a development that would not only unlock further investments in the upstream sector and boost investors’ confidence but would also unlock over $500bn in revenue for the country.

Group CEO, NNPC Ltd, Mallam Mele Kyari, said renegotiations of the assets were in line with the provisions of section 311 of the PIA with other improvements to the PSCs aimed at driving performance in the PSC operations.

Speaking further, Kyari said the negotiations were completed within the timeframe specified by PIA for all re-negotiated PSCs, stressing that “the “meaning of this is that there is now a great deal of clarity between NNPC Ltd and its partners in the deep water space.”

Kyari commended President Muhammadu Buhari for his leadership in providing theNNPC Ltd and its Contractors the opportunity to achieve the milestone through thePIA, thereby offering more opportunities for boosting the nation’s crude oil production and revenue base.

In his remarks, Country Chair, Shell Companies in Nigeria, Mr. Osagie Okunbor described the execution of OML 133 PSC contract as significant progress towards harnessing the deep-water resources of Nigeria.

Also speaking, the Chairman/Managing Director of Exxon Mobil Companies in Nigeria,Mr. Richard Laing noted that the renewal of the Usan and Erha leases validates his company’s commitment to maintaining a significant deepwater presence in Nigeria,through Esso Exploration and Production Nigeria (Deepwater) Limited.

On his part, Chairman/Managing Director of Chevron Nigeria Limited (CNL), Mr. Rick Kennedy said Chevron is proud of its strong partnership with Nigeria and its various partners and remains also committed to supporting the country to develop its energy resources safely and reliably.

The recent negotiations will put to rest the protracted dispute between the NNPC Ltd and the Contractor Parties in Oil Mining Leases (OMLs) 125, 128, 130, 132 and 133, as well as 138 PSCs). The PSCs and their leases, except OML 130, will run for another 20 years term under pre-PIA laws, while OML130 is to be renewed under PIA terms.

The PIA in Section 31m(2) stipulates that new PSC agreements under new Heads of Terms will be signed between NNPC Ltd as Concessionaire and her Contractor Parties within one year of signing the PIA into law, giving a deadline of 15th August 2022.

This provision paved the way for the resolution of lingering disputes which created investment uncertainty and stifled new investments in the nation’s deep offshore assets.

To achieve this, NNPC Ltd leveraged on the near-end term of the PSCs and the parties’ interest to renew the PSCs as a negotiation currency in bringing the contractors to work towards trading the past for the future.

These renewed PSCs would provide several benefits such as improved long-term relationships with contractors, elimination of contractual ambiguities, especially in relation to gas terms, and enable early contract renewal amongst others.

In a statement by Group General Manger public affairs Division NNPC Limited Garba Deen Muhammad said the signing ceremony was witnessed by the Honourable Minister of State for Petroleum Resources, Chief Timipre Sylva; Board Members of NNPC Ltd, led by the Chairman, Senator, Margerie Chuba Okadigbo; Chief Executive of NUPRC, Engr. Gbenga Komolafe; Chief Executive of NMDPRA, Mr. Faruk Ahmed and the Executive Chairman, Federal InlandRevenue Service (FIRS), Mr. Muhammad Namu.

 

 

 

 

 

 

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To Support the Family in This Difficult Time, Hon. Bichi Donates ₦100 Million to Late Colleague’s Family

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Hon. Abubakar Kabir Abubakar Bichi, Chairman of the House Committee on Appropriations and representative of Bichi Federal Constituency, has donated ₦100,000,000 (One Hundred Million Naira) to the family of his late colleague, Hon. Barrister Muhammad Hassan.

The condolence visit, led by Hon. Bichi and members of the Appropriations Committee, was held in Abuja following the passing of Hon. Hassan last Friday night at the age of 62. The late lawmaker, who represented Dawakin Kudu/Warawa Federal Constituency in Kano State, succumbed after a prolonged illness. His death has drawn widespread mourning from fellow legislators, political associates, and constituents who hailed him as a dedicated public servant committed to the welfare of his people.

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During the visit, prayers were offered for the repose of his soul, with colleagues asking Allah (SWT) to forgive his shortcomings, show him mercy, and grant him Aljannatul Firdaus. The atmosphere was deeply emotional as lawmakers reflected on his contributions to governance and his enduring legacy.

Hon. Bichi’s donation of ₦100 million was described as a significant show of compassion, underscoring the bond among members of the House of Representatives and their commitment to supporting one another in times of grief. The gesture is expected to provide relief to the bereaved family as they navigate this difficult period.

The late Hon. Hassan is survived by three wives and 18 children, leaving behind a large family and a legacy of service. As condolences continue to pour in, prayers have been extended for strength and comfort to his family, colleagues, and the people of Dawakin Kudu/Warawa Federal Constituency.

 

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Borno Airstrike: President Tinubu Meets Service Chiefs

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By Yusuf Danjuma Yunusa

President Bola Tinubu is currently holding a security meeting with service chiefs, intelligence heads, and the Inspector-General of Police at the State House, Abuja.

The meeting, which began at about 2:00 pm on Monday, is the first item on the President’s agenda since his return to Abuja from Bayelsa State on Friday.

The emergency session comes amid heightened security concerns following the United States’ authorisation of non-emergency embassy staff to leave Abuja and a controversial military airstrike in Borno State that killed over 100 civilians.

Those in attendance at the ongoing meeting include the Chief of Defence Staff, the Chiefs of the Army, Navy, and Air Staff, the Director-General of the Department of State Services, the Director-General of the National Intelligence Agency, and the Inspector-General of Police, Tunji Disu.

The National Security Adviser, Nuhu Ribadu, is also attending the closed-door session at the Presidential Villa.

On April 8, 2026, the US State Department authorised the voluntary departure of non-emergency government employees and family members from the US Embassy in Abuja, citing a “deteriorating security situation.”

The decision placed 23 of Nigeria’s 36 states under a “Level 4: Do Not Travel” designation, the highest risk category, adding Plateau, Jigawa, Kwara, Niger, and Taraba to the list.

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The US highlighted threats from Islamist insurgents in the Northeast, criminal gangs in the Northwest, and ongoing violence in parts of southern and southeastern Nigeria, including oil-producing regions.

The embassy said visa appointments in Abuja had been suspended, though the Lagos consulate continues to provide routine and emergency services.

The Federal Government said the travel alert was guided by US internal protocols and did not reflect the overall security situation across Nigeria.

“While we acknowledge isolated security challenges in some areas, there is no general breakdown of law and order, and the vast majority of the country remains stable,” Minister Mohammed Idris stated.

The security meeting also comes hours after a Nigerian Air Force strike targeting Boko Haram terrorists hit Jilli Market along the Borno-Yobe border on Saturday, April 11, 2026, killing over 100 civilians, including children, and injuring many others.

Amnesty International cited survivors as saying at least 100 people were killed in the airstrike, with some reports putting the death toll as high as 200.

The Air Force acknowledged conducting “precision mop-up airstrikes on identified terrorist locations” in the Jilli axis of Borno State but made no reference to hitting a civilian market.

However, the Presidency defended the operation.

Speaking with Bloomberg earlier on Monday, Special Adviser to the President on Media and Publicity, Temitope Ajayi, said, “The market was a legitimate military target because it has been turned into a logistics and trading hub by Boko Haram and ISWAP terrorists.”

Amnesty International condemned the strike, calling for an independent investigation and describing it as evidence of “the Nigerian military’s shocking disregard for the lives of those it supposedly exists to protect.”

Military air raids have killed at least 500 civilians since 2017, according to multiple reports, with failures in intelligence gathering and coordination between ground forces and air assets cited as contributing factors.

Nigeria is battling multiple security threats across its six geopolitical zones, including Boko Haram and Islamic State West Africa Province insurgency in the Northeast, banditry and kidnapping in the Northwest and North-Central regions, and separatist violence in the Southeast.

Major attacks in 2026 include the February 3 massacre in Woro, Kwara State, where over 100 people were killed and 176 kidnapped, and multiple mass abductions across northern states.

Amnesty International reported that at least 1,100 people were abducted between January and April 2026, though the Police disputed the figure as unverified.

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ADC: Islamic scholar joins 2027 Zamfara Gov’ship race

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A popular Islamic scholar, Dr Abdulmuddalib Muhammad Auwal has joined the African Democratic Congress (ADC) in Zamfara State and declared for Governorship ahead of the 2027 general elections.

Dr Auwal who formally registered with ADC on Sunday at the state APC Secretariat was supported by the Chairman ADC Tudun Wada Ward.

He was received and welcome by ADC leaders and stakeholders in Tudun Wada Ward and Gusau LGA and large crowd of the party members.

Dr Auwal said he joined ADC because of good ideologies and manifestos of the party
“I have personal desire to contribute to ensure good governance tackling security challenges, addressing poverty and vulnerability in Zamfara.
“I have blueprints to serve as framework, and strategic plans on Education, Health, insecurity, Poverty reduction, women and youths empowerment.
“The ADC’s ideology aligns with my visions to rescue Zamfara from poor governance,” he said.

According to him, “if we are given the mandate, we would change the Zamfara fortune to the promised land through the ADC”.

He described injustice and poor governance as the yardsticks of the increase of security challenges in Zamfara

One of the main reasons for the ongoing escalation of the issues with insecurities challenges destroying Zamfara state and other places is as results of neglect, injustice and political aspirations that have eaten deeply around some elites in the society.

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We are aware that injustice and poor governance by the certain group of leaders entrusted with governance are becoming too burden and a yardstick of the increase of the insecurity challenges, particularly in Zamfara state that have become a feasting ground of banditry.

“Poverty and injustice are the main reasons for the ongoing security challenges in Zamfara.”

“Also the lingering insecurity challenges in Zamfara is due to o poor governance.

“In Zamfara we have various potentialities to address future the challenges of insecurity and poverty,” he explained.

He further said, “We came up with good blueprints to ensure sustainable security of our dear state through various policies and programs to tackle poverty, unemployment, and lack of education, particularly among youths”

“We are going to create more job opportunities, through agriculture and economic entrepreneurship development for our teeming to have better alternatives than criminal activities.

“You know, Zamfara is blessed with immense agricultural potentials, infact our motto is “Farming is Our Pride”, but due to lack of good governance, we failed to develop such potentials in to reality for the development of our dear state.

He noted that Zamfara, we have comparative advantages in agriculture due to a large fertile land but not being utilize to address youths unemployment, poverty among our people especially those affected by the insecurity.

“On security sector, I will come up with good strategies to tackle insecurity affecting our communities.

“I have passion about agriculture, if we are voted I will initiate various policies and programs to transform irrigation farming in the state to enhance food security in the state.

“In each of the 14 LGAs in the state, I will build a dam for our teeming population to go in to food and cash crops production.

“One of my blueprints is addressing youth unemployment through establishment of companies by fostering entrepreneurship development and vocational training for our teeming unemployed youths.

“This is to change mindsets of our people, infact we want to Zamfara people to become job providers not job seekers- Scholar explained.
In their seperate remarks, the ADC leaders in Tudun Wada Ward and Gusau LGA expressed gratitude for the Governorship aspirant for joining the party.
They assured him that the party would provide an enabling environment for him and his teeming supporters

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