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NNPC Ltd Resolves Dispute, Restores 275,000bopd Production

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In a significant breakthrough, NNPC Ltd, through negotiations spearheaded by Mrs. Oritsemeyiwa Eyesan, Executive Vice President, Upstream, has successfully brokered a peace deal between Total Energies and the Petroleum and Natural Gas Senior Staff Association (PENGASSAN), along with the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG).

The consensus, reached on Sunday, brings an end to the lingering dispute and has led to the immediate restoration of 275,000 barrels of oil per day (bopd) production. This marks a crucial development for the Nigerian oil industry.

The communique issued at the conclusion of the extensive negotiation session outlines the commitment of all involved parties to address and resolve the issues at hand within a mutually agreed framework.

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Signatories to the communique include Mr. Matthieu Bouyer, MD/CEO of Total Energies, Comrade Festus Osifo, President of PENGASSAN, and Comrade Williams Akporeha, President of NUPENG. The signing ceremony was witnessed by Mrs. Oritsemeyiwa Eyesan, EVP Upstream of NNPC Ltd, and Mr. Bala Wunti, Chief Upstream Investment Officer, NNPC Upstream Investment Management Services (NUIMS). Mr. Victor Bandele, Deputy Managing Director of Total Energies, was also present at the event.

The peace deal not only resolves the immediate industrial action but also establishes a framework for addressing broader issues, contributing to a more stable and cooperative environment in the Nigerian oil and gas sector.

Olufemi O. Soneye
Chief Corporate Communications Officer
NNPC Ltd.
Abuja
11 November 2023

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NANS-RN Disowns Alleged ‘President’, Warns Public Against Impostor

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The recognised leadership of the National Association of Nigerian Students, Republic of Niger Chapter (NANS-RN), has distanced itself from one Abubakar Muhammad Uwaisu, accusing him of falsely parading himself as the “National President” of the association.
In a press disclaimer issued by the association’s Secretary General, Comrade Mustapha Y. Haruna, the group described Uwaisu’s claim as “false, baseless, and a deliberate act of impersonation and misrepresentation.”

The association stated that Uwaisu “is not, and has never been” its president, urging the public, media organisations, government agencies, and diplomatic stakeholders to disregard any statements or representations made by him in that capacity.

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NANS-RN further alleged that Uwaisu lacks the qualifications and institutional backing required to assume any leadership role within the body, noting that leadership within the association is based on due process, legitimacy, and the confidence of its members.

The statement also raised concerns about alleged conduct attributed to Uwaisu, including remarks directed at Musa S. Mamman, Secretary General of the Nigeria–Niger Joint Commission, whom the association described as a respected diplomat with a record of national service.

The association cautioned key institutions such as the National Youth Service Corps and the Federal Ministry of Education against engaging with Uwaisu under any official pretence, emphasising that he does not represent Nigerian students in the Republic of Niger.

Reaffirming its commitment to protecting the integrity and unity of the student body, the leadership said it would pursue all lawful measures to safeguard the association’s image.

It also urged stakeholders to verify official communications through recognised NANS-RN channels to avoid being misled.

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UAE to Withdraw from OPEC Effective May 1, 2026

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By Yusuf Danjuma Yunusa

The United Arab Emirates (UAE) announced on Tuesday that it will withdraw from the Organization of the Petroleum Exporting Countries (OPEC) and the broader OPEC+ alliance, effective May 1, 2026.

The decision, reported by a Dubai-based local media outlet, stems from the UAE’s long-term strategic and economic vision as its energy profile evolves. This includes accelerated investments in domestic energy production, following a comprehensive review of the country’s current and future production capacity, as well as its overall output policy.

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“This would be based on the UAE’s national interest and commitment to contributing effectively to meeting the market’s pressing needs,” the report added.

The UAE stated that it will continue to act as a responsible and reliable energy supplier, bringing additional production to the market gradually and measuredly, in line with demand and market conditions.

The Emirates also reaffirmed its commitment to investing across the entire energy value chain—including oil and gas, renewables, and low-carbon solutions—and to working with partners to ensure stable global supply.

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Abe Resumes as NUPRC Board Chairman, Pledges Improved Leadership

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By Yusuf Danjuma Yunusa

Senator Magnus Abe officially resumed as Chairman of the Board of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) today, vowing to enhance the regulatory body’s capacity to fulfill its statutory mandate.

Speaking at the Commission’s headquarters shortly after his inauguration, Abe promised to provide stronger leadership and oversight while also committing to securing a more befitting office for the NUPRC to maximize staff productivity.

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“I want to assure management that we are here strategically to work with you and see that, as much as possible, we work together to uplift the Commission and to help our country,” Abe said.

The Chairman emphasized that the board’s core purpose is to deliver better leadership and oversight to the regulatory agency.

In her remarks, NUPRC Commission Chief Executive Mrs. Oritsemeyiwa Eyesan congratulated the new board members, noting that the Commission depends on them for direction in line with the Petroleum Industry Act.

Eyesan described the inauguration as coming at a “most auspicious moment,” particularly amid the current spike in oil and gas prices triggered by the ongoing Middle East crisis.

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