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NNPC/Aiteo Joint Venture Launches Nembe Crude Oil Grade

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As Export of Two 950,000 barrels Cargoes CommencesThe NNPC/Aiteo Joint venture has announced the introduction of Nembe Crude Oil Grade, a new crude oil grade into the international crude oil market.

The announcement of the Nembe Crude Oil Blend, produced by Aiteo, the Operator of the NNPC/Aiteo Oil Mining Lease (OML) 29 Joint Venture (JV), was made at the ongoing Argus European Crude Conference in London, on Tuesday.OML 29, an asset located onshore Nigeria, is operated by Aiteo Eastern Exploration & Production Ltd, Africa’s leading indigenous hydrocarbon producer, following a historic acquisition from Shell in 2014.

The Nembe Crude was previously blended with the popular Bonny Light grade and exported via the Bonny Oil & Gas Terminal.

The unique selling point of the Nembe Crude Oil grade with an API gravity was highlighted by both the Aiteo E & P and NNPC Limited Leadership at the Argus Conference in London.The Nembe Crude Oil grade also has a low sulphur content and low carbon footprint due to flare gas elimination, fitting perfectly into the required spec of major buyers in Europe.Two cargoes of 950,000 barrels each of the Nembe Crude Oil grade have since been exported to France and the Netherlands. With its attractive Assay of API 29 and low sulphur content, the Nembe Crude Oil grade commands a premium to the global Brent benchmark.With the NNPC-Aiteo OML 29 JV back onstream, Nigeria now boasts of an additional crude oil export of 2 Cargoes at 950,000 barrels each per month and 1.2 Bcf of export gas monthly.

This remarkable achievement signals the commencement of activities at Nigeria’s newest crude oil terminal, the Nembe Crude Oil Export Terminal (NCOET), which was licensed in line with the extant laws and Crude Oil Terminal establishment regulations.

The terminal was conceived as a Floating Storage and Offloading Vessel (FSO) with a storage capacity of two (2) Million Barrels and the ability to offload crude oil to any export tanker from AFRAMAX to Very Large Crude Carriers (VLCC).

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State Legal Counsel to Uphold High Standards of Professionalism in Justice Execution

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Kano State Governor, Alhaji Abba Kabir Yusuf, has directed members of the State Legal Community to exhibit the spirit of professionalism and uphold the rule of law.

The Governor made the disclosure today while declaring open a 2-day retreat to strengthen the capacity of the State Legal Counsel on the use of technology in the administration of justice, using multiple software for virtual court hearings. The event was organized by the State Ministry of Justice and held at Triumphant International Hotel, Kaduna.

The Governor, represented by the Head of Civil Service of the State, Alhaji Abdullahi Musa, described the workshop as timely and impactful. He highlighted that the role of legal counsel within the legal framework of the state is indispensable in the administration of justice. “You were entrusted with upholding the rule of law and safeguarding the rights of the citizens of our dear state,” he stated.

Alhaji Abdullahi Musa said the workshop is a strategic initiative designed to equip participants with the requisite knowledge and skills to navigate the evolving complexities of contemporary legal practices, addressing current emerging trends in the administration of justice in Kano State.

He said the State government will incentivise excellence in
State Legal Counsel profession by considering the Highest Caseload among the benchmark in Career Advancement.

He urges the State Legal Counsel to be vigilant and desist from all forms of corruption In the discharge of their duties.

 

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NAHCON Chairman Seeks Removal of 2% Charge on Pilgrims’ Funds by CBN

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Professor Abdallah Sale Usman,Chairman NAHCON

 

By Nura Ahmed Dakata

The Chairman of the National Hajj Commission of Nigeria (NAHCON), Professor Abdullahi Saleh Usman, has appealed to the Central Bank of Nigeria (CBN) to waive the 2% charge imposed on pilgrims’ funds, emphasizing that its removal would significantly reduce Hajj fares for Nigerian pilgrims.

Speaking in an interview with Hajj Chronicles in Abuja, Professor Saleh reiterated his commitment to ensuring that the Commission fulfills its mandate of enhancing the welfare of Nigerian pilgrims. He stated that one of his major priorities since assuming office was to reduce the cost of Hajj, making it more affordable for Muslims across the country.

“I am confident that lowering Hajj fares will bring relief to our pilgrims, leaders, and the entire Muslim Ummah,” he said.

To achieve this goal, Professor Saleh explained that he had engaged key Hajj service providers, including airliners, Masha’ir service providers, accommodation providers, and transportation companies, in collaboration with the Forum of State Pilgrims Welfare Agencies.

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He highlighted that these negotiations had already yielded significant reductions in various service costs:

Masha’ir Services: Last year, pilgrims were charged 4,770 Saudi Riyals, but following discussions, NAHCON secured a reduction of over 700 Saudi Riyals per pilgrim.

Accommodation in Madinah: The cost per bed space was 5,000 Riyals last year, but a reduction of 200 Riyals per pilgrim has been achieved.

Transportation: Last year’s transportation cost stood at 1,300 Riyals per pilgrim, but this year, NAHCON successfully negotiated a 130 Riyal reduction per pilgrim.

Airfare: Given Nigeria’s geographical diversity, airfare costs vary across regions. However, under Professor Saleh’s leadership, NAHCON was able to secure a $399 reduction per pilgrim.

“These reductions have significantly impacted the overall Hajj fare, and we are still expecting further adjustments,” he added.

While noting that NAHCON is not requesting government subsidies, Professor Saleh appealed to authorities to consider selling dollars to the Commission at the official government exchange rate. He stated that this measure, if approved, would further lower Hajj fares.

“We have estimated the dollar exchange rate at ₦1,550, ₦1,600, and ₦1,650, but given the fluctuations, we settled on a moderate rate. If we secure a reduction in forex rates, we will refund any savings to the pilgrims,” he assured.

Professor Saleh also called on State Governors to support their respective State Pilgrims Welfare Agencies by providing loans that would enable them to settle payments with NAHCON before the final payment deadline set by Saudi authoritie

On the deadline for Hajj fare payments, the NAHCON Chairman clarified that the Commission has no control over the deadline but can only appeal to the Saudi Ministry of Hajj for an extension if necessary. He urged intending pilgrims to complete their payments promptly to avoid any last-minute issues.

Professor Saleh also called on State Pilgrims Welfare Agencies and stakeholders to intensify public enlightenment campaigns, ensuring that intending pilgrims understand the importance of timely payment and proper preparation for a successful Hajj pilgrimage.

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Ohanaeze Ndigbo Slams Amaechi’s Call for Power Snatch: “A Threat to Democracy

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The Ohanaeze Ndigbo has condemned the call for the use of force to snatch power from President Bola Tinubu by the former minister of transportation, Rotimi Amaechi.

A statement by the president General of Ohanaeze Ndigbo, Okechukwu Isiguzoro said the Igbo socio-political group is solidly behind the administration of Tinubu and its policies.

Isiguzoro describe Amaechi’s comment asking Nigerians fo snatch power from the president as a threat to democracy.

He said Amarchi’s remark is capable of disrupting the peace and civility enjoyed across Nigeria.

“Amaechi’s equally disconcerting assertion that politicians must be willing to ‘steal, maim, and kill’ to retain power not only diminishes the dignity of our political discourse but also poses a dire threat to the very fabric of our society.

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“We condemn in the strongest possible terms the reckless and incendiary comments made by Chibuike Amaechi against President Bola Ahmed Tinubu

“It is essential to declare firmly that the Ndigbo will never endorse any political conspiracy aimed at undermining the legitimacy of an elected President,” Isiguzoro said.

Further stating the President Tinubu has the total backing of Ndigbo, Isiguzoro called on Amaechi to immediately retract his “divisive comments” against Nigeria’s number one man.

“Our resolve is steadfast, as we remain committed to fostering peace, stability, and fruitful governance in Nigeria.

“Let it be said that the aspirations of the Igbo people align with a future predicated upon legitimate leadership, respect for democratic processes, and a shared vision for a prosperous Nigeria,” Isiguzoro concluded.

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