Headlines
Nigeria and Equatorial Guinea Sign New Gas Deal

By Derrick Bangura
Nigeria and Equatorial Guinea signed a Memorandum of Understanding (MoU) on Tuesday to supply gas from Nigeria’s offshore fields to the neighboring country’s Punta Europa gas processing facility.
According to Mr. Horatius Egua, Senior Special Adviser to the Minister of Petroleum Resources, the MoU kicks off a strategic economic collaboration across the Gulf of Guinea, where Nigeria’s abundant natural gas reserves complement the country’s gas liquefaction infrastructure.
The Nigerian government stated that the recent passage of the Petroleum Industry Act (PIA) coupled with, “Nigeria’s Decade of Gas” initiative was creating an enabling environment which triggered the conception of the project.
According to the government, this has facilitated major investment inflow from Equatorial Guinea into Nigeria even as the project signals the joint effort of the two countries in working towards a greener energy environment.
“The execution of this MoU meets one of the imperatives of the decade of gas in Nigeria. Whilst we are focused on the domestic gas agenda, we are keeping an eye on the global gas market as well.
“Nigeria has huge gas resources, a significant amount of which is offshore and will require unprecedented investment in infrastructure to bring them to market.
“This collaboration allows much of that stranded gas to access the global gas market within 18 to 24 months in what will be the fastest timeline to market for a Nigerian offshore gas asset.
“This is possible because Equatorial Guinea brings to the table a major portfolio of world class gas processing and liquefaction infrastructure already in place in Punta Europa, coupled with investment funds for development,” Sylva said.
Additionally, the government noted that the project which envisions an offshore gas pipeline development would create huge in-country local content opportunities for pipeline and other infrastructure service providers.
This, it stated was in addition to accelerated royalty revenues that come from producing many gas fields that would have otherwise remained stranded.
Minister of Mines and Hydrocarbons, Equatorial Guinea, Gabriel Nguema Obiang Lima, in his remarks, stated that the execution of this MoU was a great example of the South-south cooperation between neighbouring Nigeria and Equatorial Guinea.
“As the global geopolitics of natural gas evolves and within the context of the world transitioning to a lower carbon footprint, it is imperative that we think differently on how to remain an important player in energy markets.
“New, fast, and competitive sources will be a major determinant of success. This strategic collaboration breaks down geographical boundaries and allows delivery of gas from Nigeria to Equatorial Guinea’s Punta Europa facilities, extending their life and providing access to the regional and global energy markets.
“The NNPC and its JV partners get a unique opportunity to monetise gas that would have otherwise been stranded offshore due to absence of infrastructure,” he stated.
According to the statement, as the world energy dynamics change, Nigeria aims to adapt rapidly to ensure that it remains at the forefront of world gas exporters.
Headlines
Benue IDPs block highway, demand return to ancestral homes

Vehicular movement along the Yelwata axis of the Benue–Nasarawa highway was brought to a standstill on Wednesday as Internally Displaced Persons, IDPs, staged a protest, demanding immediate return to their ancestral homes.
The protesters, believed to be victims of persistent attacks by suspected herdsmen, blocked both lanes of the busy highway for several hours, chanting “We want to go back home”.
The protest caused disruption, leaving hundreds of motorists and passengers stranded.
Eyewitnesses said the displaced persons, many of whom have spent years in overcrowded IDP camps, are expressing deep frustration over the government’s delay in restoring security to their communities.
“We have suffered enough. We want to return to our homes and farms,” one of the protesters told reporters at the scene.
Security personnel were reportedly deployed to monitor the situation and prevent any escalation, though tensions remained high as of press time.
Efforts to reach the Benue State Emergency Management Agency, SEMA, and other relevant authorities for comment were unsuccessful.
Headlines
NNPCL reveals decision not to sell Port Harcourt refinery

The Nigerian National Petroleum Company Limited, NNPCL has officially decided not to sell the Port Harcourt Refining Company.
NNPCL has, instead said it is committed to conducting an extensive rehabilitation of the facility and ensuring its continued operation.
During a company-wide town hall meeting held at the NNPC Towers in Abuja, Bayo Ojulari, the Group Chief Executive Officer of NNPC Ltd, announced the decision regarding the future of the nation’s most significant state-owned refining asset, putting an end to weeks of speculation.
A statement by NNPCL reads, “The Nigerian National Petroleum Company Limited has officially ruled out the sale of the Port Harcourt Refining Company, reaffirming its commitment to completing high-grade rehabilitation and retention of the plant.
“The ongoing review indicates that the earlier decision to operate the Port Harcourt refinery, before full completion of its rehabilitation, was ill-informed and subcommercial.
”Although progress is being made on all three, the emerging outlook calls for more advanced technical partnerships to complete and high-grade the rehabilitation of the Port Harcourt refinery.
”Thus, selling is highly unlikely as it would lead to further value erosion.”
Headlines
Tinubu appoints Olumode Adeyemi as Federal Fire Service boss

President Bola Tinubu has approved the appointment of Adeyemi Olumode, as the new Federal Fire Service, FFS, Controller-General.
The appointment was announced on Wednesday on behalf of the Federal Government by retired Maj.-Gen Abdulmalik Jubril, Secretary of the Civil, Defence, Correctional, Fire and Immigration Services Board, CDCFIB.
Jubril said the appointment followed the retirement of the current Controller-General, Abdulganiyu Jaji, on August 13.
Jaji is retiring upon attaining the age of 60 by August 13.
Jibril further disclosed said that Adeyemi Olumode is qualified for the position, having attended and passed all mandatory in-service training, Command courses as well as other courses within and outside the country.
“He brings a wealth of experience to his new role, having transferred his service from the FCT Fire Service to the Federal Fire Service and grown to the rank of DCG in the Human Resource Directorate of the Service Headquarters.
“He has served in various capacities and is equally a member/fellow of the following professional associations including Association of National Accountants of Nigeria, ANAN, Institute of Corporate Administration of Nigeria, Institute of Public Administration of Nigeria and Chartered Institute of Treasury Management of Nigeria.”
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