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Over a billion barrels of oil found in northern Nigeria-Buhari

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The president says the country also found 500 billion cubic feet of gas within the Kolmani area of Gombe and Bauchi, and has attracted $3 billion investment already.

President Muhammadu Buhari on Tuesday flagged off the first crude oil drilling project in northern Nigeria, on the boundary of Bauchi and Gombe States.

The NNPC had in October 2019 announced the discovery of hydrocarbon deposits in the Kolmani River II Well on the Upper Benue Trough, Gongola Basin, in the North-eastern part of the country.

The commercial quantity discovery was the first in the region after several crude oil explorations in the Upper Benue Trough.

The oilfield will be developed by Sterling Global Oil, New Nigeria Development Commission (NNDC) and NNPC Ltd.

The discovery of oil and gas in commercial quantities in the Gongola Basin, according to NNPC, will attract foreign investment, generate employment for people to earn income and increase government revenues.

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During the flag-off in Bauchi on Tuesday, Mr Buhari said the successful discovery of the Kolmani Oil and Gas field by NNPC and her partners has finally broken a decades long jinx.

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“This is indeed significant considering that efforts to find commercial oil and gas outside the established Niger Delta Basin were attempted for many years without the desired outcomes,” Mr Buhari said.

“This discovery had emanated from our charge to the NNPC to re-strategize and expand its oil and gas exploration footprints to the frontier basins of Anambra, Dahomey, Sokoto, Benue trough, Chad and Bida Basins. Similar activities across the other basins are currently actively ongoing.”

 

“We are pleased with the current discovery of over 1 billion barrels of oil reserves and 500 billion cubic feet of gas within the Kolmani area and the huge potential for more deposits as we intensify exploration efforts.

 

“As a fully integrated in-situ development project comprising upstream production, oil refining, power generation and fertilizer, the project promises many benefits for the nation. This includes but is not limited to Energy Security, Financial Security, Food security as well as overall socio-economic development for the country,” he said.

Mr Buhari noted that considering the landlocked location and the huge capital requirement, the economics of the project is a challenging proposition.

“Consequently, from the onset, I instructed NNPC Limited to utilize and leverage their vast asset portfolio across all corridors of its operations to de-risk the project to attract the much-needed investment. I have directed NNPC to continue along these lines.

“It is therefore to the credit of this administration that at a time when there is near zero appetite for investment in fossil energy, coupled with the location challenges, we are able to attract investment of over USD 3 billion to this project,” he said.

According to him, this will surely be a reference subject for favourable discussion in the industry as we pursue the energy transition program that will culminate in our country achieving Net-Zero position 1 by the year 2060.

“I have engaged the Governors of Bauchi and Gombe States, and both have given me assurances of their unwavering commitment and willingness to ensure support and cooperation in these localities as this activity affects the local populations,” he said.

He urged the NNPC Ltd, NNDC, and their Strategic partners to ensure all lessons learnt from our years of experience as an oil-producing nation are utilized to ensure harmonious relationships with the local communities.

Source : Premium Times

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FMBN Chairman Nasiru Gawuna Resigns, Set to Defect to ADC Amid Kano Political Realignments

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The chairman of the Governing Board of the Federal Mortgage Bank of Nigeria, FMBN, Nasiru Gawuna, has resigned from his position.

Reports indicate that Mr Gawuna has perfected his defection deal with a former governor of Kano, Rabiu Kwankwaso, and is expected to defect to ADC on Tuesday.

In a resignation letter dated March 27, 2026, the former APC governorship candidate said his decision takes immediate effect and aligns with the President’s instruction aimed at ensuring adherence to electoral laws ahead of forthcoming political activities.

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He expressed profound gratitude to President Bola Tinubu for the opportunity to serve, describing his tenure as a privilege to contribute to the growth and development of the Federal Mortgage Bank of Nigeria and the country at large.

 

“My resignation is in strict compliance with the President’s directive requiring all political appointees to step down in accordance with the provisions of the Electoral Act,” the letter read.

Mr Gawuna also stated that he is placing his future “in the hands of Allah (SWT),” while seeking divine guidance on his next course of action.

He further assured of his commitment to a smooth transition process, noting that he would hand over all responsibilities in accordance with established procedures and directives.

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Sallah Thanksgiving: NUJ President Commends Kano Correspondents’ Chapel For Fostering Love, Unity Among Journalists

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The National President of the Nigeria Union of Journalists (NUJ),
Comrade Alhassan Yahya, has commended the leadership of Kano Correspondents’ Chapel, NUJ, for providing platforms and occasions that foster love, unity and progress among journalists.

Comrade Yahya stated this at Kano Press Centre, on Sunday, during the 2026 Eid-El-Fitr Sallah Celebrations, Thanksgiving And Special Prayers Ceremony, organized by Kano Correspondents’ Chapel, NUJ, to appreciate God for the successful month long Ramadan fasting period and the Eid-El-Fitr Sallah celebrations.

The NUJ National President used the occasion to urge journalists to reflect on the true meaning of the occasion and promote unity, peace, and tolerance, among themselves, in the course of their profession.

Represented by former chairman of Kano NUJ and a member of NUJ National Board of Trustees, Comrade Abbas Ibrahim, the NUJ National President, who said he has been impressed over the activities of Kano NUJ Correspondents’ Chapel, within the last one year, under the leadership of Comrade Murtala Adewale, emphasized the importance of compassion, unity, and addressing national challenges, particularly food security and insecurity.

Comrade Alhassan Yahya urged other NUJ chapels to draw inspiration from Kano Correspondents’ Chapel’s unity and camaraderie, highlighting their event as a model for promoting peace and solidarity among journalists.

He encouraged other chapels to organize similar events, fostering a sense of community and cooperation, which is essential for the growth and development of the journalism profession.

In his remarks, chairman of the occasion, a Professor of Communication in Bayero University, Kano (BUK), Prof. Yakubu Mai Nasara Kurfi, described the event as not only inspiring, but heart-warming, while urging the Kano Correspondents’ Chapel leadership to sustain the tempo.

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Prof. Mai Nasara Kurfi congratulated the Kano Correspondents’ Chapel executive members for their foresight to organize the event, and promised to borrow a leaf from them as he planned to introduce such occasion in the Faculty of Communication, BUK.

The Professor of Communication also used the occasion to canvass for collaboration and synergy among the NUJ, working journalists and the Faculty of Communication, BUK, so as to ensure training and re-training of both working journalists and student journalists for enhancement of the journalism profession.

The chairman of NUJ in Kano state, Comrade Suleiman Abdullahi Dederi, who was represented by the Vice Chairman, Comrade Mustapha Gambo, noted that the event was not only a Thanksgiving for the successful Ramadan and celebration of the Eid El Fitr, but a symbol of unity and togetherness among members of Kano Correspondents’ Chapel, and the larger Kano NUJ family.

“This even is so special because some of the prominent scholars and practitioners in the media are here. I want to thank and commend the leadership of the Kano Correspondents’ Chapel for organizing this event,” he said.

In his speech, chairman of NUJ Kano Correspondents’ Chapel, Comrade Murtala Adewale, described the event as not just a celebration, but a moment to reflect on Allah’s countless mercies—granting us the strength, patience, and opportunity to observe the holy month.

According to him: “Ramadan has been a period of spiritual renewal, sacrifice, and discipline. It has reminded us of the importance of empathy, humility, and self-restraint. As journalists, these values resonate deeply with our professional responsibilities—to be fair, truthful, and guided by integrity in all that we do.

“This gathering also serves as an avenue to strengthen our unity as members of the Chapel. In the midst of our demanding schedules and the pressures of the profession, moments like this allow us to reconnect, share, and reinforce the bond that holds us together.”

He encouraged all imbibe the lessons of Ramadan, and continue to embody patience, kindness, and responsibility, “in our daily lives and in our reportage. Our society looks up to us, and we must remain committed to promoting peace, truth, and understanding.

“I sincerely appreciate all our invited guests and well-wishers who have joined us today. Your presence is a testament to the strong relationships we have built over time, and we do not take it for granted. As we share this special breakfast, let us also remember those who are less privileged and continue to extend a helping hand, as taught during the holy month.”

The event was designed as a special Thanksgiving feast to appreciate Almighty Allah for His mercies and offer prayers for peace and progress, after a 30-day spiritual rejuvenation in the fasting month of Ramadan.

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Breaking: Kwankwaso Resigns from NNPP

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Former Governor of Kano State and 2023 Presidential Candidate of the New Nigeria People’s Party (NNPP), Senator Rabiu Musa Kwankwaso, has announced his resignation from the party. The declaration was made through a statement posted on his verified Facebook page earlier today.

Kwankwaso, who served as the NNPP’s National Leader and spearheaded its presidential campaign in the 2023 general elections, described the decision as “not an easy one.” He explained that his departure was driven by the need for “strategic realignment” in Nigeria’s evolving political landscape.

“Considering the current trajectory of the nation’s political landscape, which calls for strategic realignment, I have found it necessary to identify with another political platform that offers the best opportunity to effectively change the nation,” Kwankwaso stated.

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In his resignation letter, Kwankwaso expressed gratitude to the NNPP’s leadership, including National Chairman Ajuji Ahmed, the National Working Committee, Board of Trustees, and members across all levels of the party. He also acknowledged the unwavering support of the Kwankwasiyya Movement, his loyal political base, pledging continued collaboration toward building “a better and more prosperous future for our dear nation.”

Kwankwaso’s exit marks a significant moment for the NNPP, which rose to prominence under his leadership and made notable gains in the 2023 elections. His next political move is expected to reshape alignments ahead of the 2027 general elections, though he has yet to disclose the platform he intends to join.

Political analysts suggest that Kwankwaso’s resignation could trigger a wave of defections within the NNPP, particularly among members of the Kwankwasiyya Movement, who have historically followed his political trajectory.

 

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