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Boost for Nigeria’s Oil Production, As NNPC’s Utapate Crude Grade Hits Global Oil Market

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Managing Director, NNPC E & P Limited (NEPL), Mr. Nicholas Foucart speaks at the official unveiling of the Utapate crude oil blend during the Utapate Crude Roadshow held on the sidelines of the 2024 Argus European Crude Conference in London, United Kingdom, on Wednesday.

 

 

In a major boost for Nigeria’s crude oil production, revenue generation and
economic growth efforts, the NNPC Ltd has officially unveiled its latest crude oil
grade, the Utapate crude oil blend, before the international crude oil market.

It would be recalled that in July, 2024, NNPC Ltd and its partner, the Sterling Oil
Exploration & Energy Production Company (SEEPCO) Ltd introduced the Utapate
crude oil blend, following the lifting of first cargo of 950,000 barrels which headed
for Spain.

During a ceremony held at the Argus European Crude Conference taking place in
London, United Kingdom, on Wednesday, the Managing Director, NNPC E & P
Limited (NEPL), Mr. Nicholas Foucart described the introduction of the Utapate
crude oil blend into the market as a significant milestone for Nigeria’s crude oil
export to the global energy market.

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“Since we started producing the Utapate Field in May 2024, we have rapidly
ramped up production to 40,000 barrels per day (bpd) with minimum downtime.
So far, we have exported five cargoes, largely to Spain and the East Coast of the
United States; while two more additional cargoes have been secured for November
and December 2024, representing a significant boost to Nigeria’s crude oil export
to the global market,” Foucart told a packed audience of European crude oil
marketers.
He added that since its introduction into the global market, the Utapate crude oil
blend has enjoyed a positive response from the international crude oil market, due
to its highly attractive qualities.
Foucart said the Oil Mining Lease (OML) 13, fully operated by NEPL and Natural
Oilfield Services Ltd (NOSL), a subsidiary of SEEPCO Ltd, boasts a huge reserves of
330million barrels of crude oil reserves, 45 million barrels of condensate and 3.5 tcf
of gas.
“We have a number of ongoing projects to increase our production from the
current 40,000bopd to 50,000bopd by January 2025 and 60,000bopd to
65,000bopd by June 2025. Essentially, we are targeting opportunities to increase
production to 80,000bopd by the end of 2025,” Foucart added.He said the Utapate crude oil terminal is sustainable, affordable and fully compliant
with the rigorous environmental regulations and sustainability principles especially
those aimed at reducing carbon emissions and other ecological effects.
Also speaking, the Managing Director of NNPC Trading Ltd (NTL), Mr. Lawal Sade
said the pricing structure of the Utapate crude oil blend is similar to that of
Amenam crude as it is a light sweet crude which is highly sought after by refiners
across the world due to its low sulphur content, efficient yield of high-value
products, API gravity and other similarities.
He said in bringing the new crude oil blend to the global market, NNPC Ltd wanted
to optimise value for both its producers and counterparties across the globe.
He added to ensure predictability and sustainability of supply, the NNPC Trading
intends to run a term contract on the Utapate crude oil blend cargoes, principally
targeting off-takers from the European and the US East Coast refineries.
Produced from the Utapate field in OML 13 in Akwa Ibom State in Nigeria, the
Utapate crude oil blend is similar to the Nembe crude oil grade. It has a low sulphur
content of 0.0655% and low carbon footprint due to flare gas elimination, fitting
perfectly into the required specification of major buyers in Europe.
The NNPC E&P Ltd and NOSL partnership is also committed to operating in a
manner that is safe, environmentally responsible, and beneficial to the local
communities.
The Utapate field development plan, executed between 2013-2019 and approved in
October, included converting wells and facilities from swamp/marine to land-
based operations.
The plan involved a multi-rig drilling campaign for 40 wells and the development
of significant infrastructure such as production facilities, storage tank, a subsea
pipeline and an offshore loading platform to facilitate crude oil evacuation and
loading.

The entry of the Utapate crude oil blend into the market is coming barely a year
after the NNPC Ltd announced the launch of Nembe crude oil, produced by the
NNPC/Aiteo operated Oil Mining Lease (OML) 29 Joint Venture (JV).

In a statement by Olufemi O Soneye Chief corporate communications officer NNPCL said the remarkable achievement signals the commitment of the NNPC Ltd to
increasing Nigeria’s crude oil production and growing its reserves through the
development of new assets.

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President Tinubu Extends Customs Boss Tenure By Six Months

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By Yusuf Danjuma Yunusa

President Bola Tinubu has approved a final six-month tenure extension for the Comptroller-General of the Nigeria Customs Service (NCS), Adewale Adeniyi, allowing him to remain in office until February 2027.

The Presidency announced the extension in a statement issued on Friday by the President’s Special Adviser on Information and Strategy, Bayo Onanuga.

According to the statement, Adeniyi’s previous tenure extension was due to expire on August 1, 2026, but President Tinubu approved an additional six months to enable him consolidate key reforms within the Customs Service and ensure a smooth leadership transition.

The Presidency said the extension would allow the Customs boss to complete the implementation of the National Single Window initiative, a major trade facilitation programme designed to streamline import and export processes, reduce bureaucratic bottlenecks and enhance revenue generation.

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“The six-month extension, which will expire in February 2027, is to enable him to consolidate the implementation of the National Single Window and ensure an orderly succession in the service,” the statement said.

During the transition period, Adeniyi is expected to work closely with the Nigeria Customs Service Board to oversee the promotion of qualified officers to the rank of Comptroller of Customs and facilitate the mandatory retirement of officers who have attained the age of 60 years or completed 35 years in service.

The move is also aimed at ensuring stability within the service while maintaining operational efficiency and continuity in ongoing reforms.

Adeniyi, a seasoned customs officer and public relations expert, joined the Nigeria Customs Service after graduating from Obafemi Awolowo University in the late 1980s.

Over the years, he rose steadily through the ranks of the service. He was promoted to Deputy Comptroller in 2012, Comptroller in 2017, and Assistant Comptroller-General in 2020.

In January 2023, he was appointed Acting Deputy Comptroller-General before President Tinubu named him Comptroller-General of Customs in June 2023.

Since assuming office, Adeniyi has spearheaded a number of reforms aimed at modernising customs operations, enhancing revenue collection, strengthening border management and improving trade facilitation across the country.

The latest extension underscores the administration’s confidence in his leadership and its commitment to sustaining ongoing reforms within the Nigeria Customs Service.

The extension is expected to provide the Customs Service with sufficient time to complete critical institutional processes and prepare for a seamless transition to a new leadership at the expiration of Adeniyi’s tenure in February 2027.

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Oshiomhole Calls for Change of NSCDC’s Name

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By Yusuf Danjuma Yunusa

Senator Adams Oshiomhole (APC-Edo), representing Edo North Senatorial District, has called for the review of the name of the Nigeria Security and Civil Defence Corps (NSCDC).

Mr Oshiomhole made the call on Friday in Abuja, at the unveiling of the NSCDC FCT Commandant Olusola Odumosu’s book, titled “Nigeria’s Security Dilemma: Rivalries and Implications”.

He said that the call for the change of name of the paramilitary agency was imperative in view of the word “Civil” in it, adding that it implied that personnel of the corps were not meant to bear arms.

He said that the NSCDC, saddled with the responsibility to be civil while protecting the nation’s critical national assets and infrastructure, interfaced with hardened criminals in line of duty.

The lawmaker, therefore, questioned how the operatives were expected to be civil when combating vandals, illegal miners and criminals who bear weapons.

“To be civil means you should not bear firearms, so if you do not bear arms to deal with people involved in illegal oil bunkering or destruction of public properties which you have been asked to protect, will you then preach while they carry guns?

“If you want to be civil, how do you deal with hardened criminals? If these criminals carry sophisticated weapons, you fighting them should not carry a less sophisticated weapon.

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“When I see service chiefs holding meetings and I don’t see the commandant general (CG) of civil defence, I am like, There is something missing,” he said.

He noted that no single security agency could deal with insecurity both at the sub-national and national levels alone.

Mr Oshiomhole said that in tackling insecurity, it was imperative for Nigerians, including politicians and security agencies, to put aside their differences and understand Nigeria is only one.

According to him, President Bola Tinubu will continue to apply all measures necessary to ensure Nigeria is safe and insecurity reduced to the barest minimum.

The senator commended the author for speaking out through his book on how to tackle insecurity through effective synergy and communication sharing among security agencies.

“It is commendable that you put out your thoughts while in the system and not outside the system, as it is much more dangerous to speak truth to power,” he said.

Also speaking was a security expert, Tyor Terhemba, the reviewer of the book, who said that Nigeria’s security challenges called for collective efforts towards combating banditry, terrorism, and kidnapping, among other criminalities.

“This is a time to have all hands on deck to collectively fight the enemies of the state; hence, it is not a time of rivalry but to be united,” he said.

Mr Terhemba said that the book re-echoed the need for unity, synergy between security agencies, regional and international partnerships, areas of potential conflict, and the role of intelligence sharing.

According to him, it also talks about political interference, ambiguous laws, accountability, security sector reforms, communication systems, and other topics.

Meanwhile, the author, Mr Odumosu, said that the book looked at security from a holistic perspective, as there was a need for a united front.

“No one has a monopoly of wisdom or strategy, so there is a need to tackle insecurity from a common front.

“Obviously there have been issues of unhealthy inter-security agency rivalries, which have been a pain to coordinate national responses to our security challenges.

“I looked at it from the perspective where all security agencies can understand that we must have the same goal whether our mandates are interwoven or not.

“We have a collective responsibility to ensure peace and order in Nigeria,” Mr Odumosu said.

The commandant reiterated that when security agencies continue to fight each other or see one another as competitors rather than a united front, a lot of work will still need to be done.

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7,450 Tertiary Institution Workers Get N13bn Loans

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By Yusuf Danjuma Yunusa

The federal government has disbursed about N13 billion worth of interest-free loans to 7,450 academic and non-academic workers across 153 public tertiary institutions nationwide.

In a statement issued on Friday, Boriowo Folashade, director of press and publications at the federal ministry of education, said the disbursement forms part of the 2025/2026 cycle of the Tertiary Institutions Staff Support Fund (TISSF).

According to the ministry, the intervention reflects President Bola Tinubu’s commitment to improving the welfare, financial wellbeing and productivity of education workers under the renewed hope agenda.

Established by the ministry of education and administered by the Bank of Industry (BOI), the TISSF provides interest-free loans of up to N10 million to eligible staff of public universities, polytechnics and colleges of education.

The loan is designed to help beneficiaries address personal and professional needs while enhancing their overall wellbeing.

The statement said Tinubu reaffirmed his administration’s commitment to investing in personnel driving teaching, learning, research and innovation across tertiary institutions.

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The ministry added that the programme is helping to ease financial pressures on education workers, improve livelihoods and strengthen the workforce responsible for shaping Nigeria’s future.

Tunji Alausa, minister of education, described the scheme as a critical component of the ministry’s broader education reform agenda and urged eligible staff to take advantage of the next application window.

According to the minister, “no education system can outperform the people who sustain it”.

He said investments in infrastructure, technology, skills development, research and institutional reforms must be complemented by practical measures that improve staff welfare and quality of life.

Alausa added that the successful completion of the 2025/2026 phase demonstrates both the strong demand for and positive impact of the intervention.

He said the programme complements ongoing efforts to strengthen teaching and learning, support research and innovation, improve institutional governance, and build a more resilient and globally competitive education system.

“Since disbursements commenced on 28 October 2025, the programme has processed over 42,000 applications through its digital platform, providing support to beneficiaries across all six geopolitical zones of the country,” the statement reads.

“Universities accounted for 52 per cent of disbursements, while colleges of education and polytechnics represented 25 per cent and 23 per cent, respectively.”

The ministry said the programme has promoted equitable access nationwide while identifying opportunities to increase participation among female staff and improve uptake in some regions.

Female beneficiaries accounted for 19 percent of recipients during the 2025/2026 cycle, according to the statement.

The statement added that targeted sensitisation and outreach efforts would form a key component of the next phase of implementation.

The ministry said it is enhancing the application process and deepening engagement with participating institutions to ensure a faster, more efficient and user-friendly experience for applicants.

The statement said applications for the 2026/2027 phase of the TISSF will officially open at the end of June 2026, with eligible staff advised to engage their institutions’ bursary departments and monitor official ministry communication channels for further details.

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