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Nigeria’s NNPCL Launches new ‘Nembe’ Grade of Crude Oil

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The Nigerian national Petroleum Company Limited (NNPC) has claimed that it had successfully made a huge breakthrough in boosting her crude oil production by launching a new grade called Nembe crude. This is in addition to the regular Bonny Light the country is well-noted for.

This is as the Africa’s largest oil producer further aims to ramp up crude her overall crude production.

The company stated this in London on Tuesday (07 November) and claimed further that the country has long dealt with output declines due to crude theft, attacks on pipelines in the Niger Delta and a lack of investment, causing a dwindling of government revenue and large fiscal deficits. But output has picked up in recent months.

Nembe production was formerly added to the Bonny Light stream more than three years ago, until instances of sabotage on the Nembe Creek Trunk Line (NCTL) hamstrung output, an NNPC source told Reuters on the sidelines of the Argus European Crude conference in London.
Now, the country has managed to resurrect Nembe as a separate grade, he added.

The first cargoes of Nembe were sold in October, consisting of two 950,000 barrel shipments sold to France and the Netherlands, a second NNPC source told Reuters.

The first Nembe cargo was sold to UAE-based trading firm Gulf Transport & Trading, which loaded the cargo onto the Suezmax tanker Maran Orpheus for a voyage to an unknown end buyer in Fos, France, a source familiar with the matter told Reuters.

Nembe is similar to Nigeria’s other distillate-rich grades such as Forcados, Bonga and Egina, Maryamu Idris, executive director of crude and condensate at NNPC Trading told the conference.

The low-sulphur grade commands a premium to the global Brent benchmark, and is a good candidate to compete with Brazilian and Azeri crude grades for European refiners, she added.

Production of Nembe is currently around 50,000 barrels per day, but the NNPC is aiming for a rise to 80,000 by the first quarter of next year and 150,000 barrels per day by the start of 2025, the source added.
An October Reuters survey showed Nigeria produces roughly about 1.5 million barrels per day (bpd), up from 1.39 million bpd in September, according to OPEC figures. But the country hopes to ramp up production to about 1.8 million bpd by the end of 2023, a third NNPC source told Reuters.

Last week, sources told Reuters that NNPC was set to supply the keenly anticipated Dangote oil refinery with up to six cargoes of crude oil in December to be used in test runs.

Nigeria imports almost all its refined fuel needs to inadequate capacity and poor maintenance. The country is now pinning its hopes of ending fuel imports on the 650,000 bpd refinery being built to by Aliko Dangote, Africa’s richest man.

The refinery is expected to run on crudes that carry an API gravity of 29 to 34 degrees, the first NNPC source said.

API gravity is an index of the density of a crude oil – typically in the range of 15 and 45 degrees. Higher API indicates a lighter, lower density crude. Nembe carries an API gravity of 29, the source added.

Reporting by Natalie Grover, Robert Harvey and Ahmad Ghaddar, additional reporting by Alex Lawler in London and Julia Payne in Brussels; Editing by Louise Heavens and David Evans

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Real Reasons Makinde Refuses To Announce New Alaafin

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Governor Seyi Makinde of Oyo State

Some fresh facts have started emerging why Governor Seyi Makinde of Oyo State rejected the candidate selected by the body of Oyomesi,(Kingmakers) in Oyo Town, to succeed the departed Alaafin of Oyo, Oba Lamidi Atanda Adeyemi 11.

The late monarch died on April 22, 2022 and since then, over nineteen months, a successor is yet to be announced.
No less than sixty-five princess from the Agunloye Ruling House, including an octogenarian priest, Bishop Ayo Ladigbolu, did put in an application to succeed the late flamboyant monarch. But after a laborious exercise, that lasted about four months, the Oyomesi claimed that they have submitted a name to the Executive Governor since 30 September, 2022.
The Governor on his part neither confirmed nor denied being in possession of a recommended name from the Oyomesi. But he just kept mute and refused to announced a name.

The body of Oyomesi however, speculatively approached the State High Court, sitting in oyo town, when they suspected that the Governor might announced a different candidate from their preferred choice. The case is still pending before the State Chief Judge who is yet to assign it to a trial Judge.
But in a new twists, www.focusmagazineonline.com gathered in the ancient town of Oyo that the Governor ‘might be protecting the ancient stool from despoliation by his tardiness in announcing a substantive Alaafin’.

Since 1823, Sokoto Caliphate has had a near obsession to annex Oyo into its estate, using the proxy emirate at Ilorin.
A source revealed to www.focusmagazineonline.com that there are a lot of external influences circling around the Oyomesi trying to influence the selection process.
It was further revealed that a prince with very deep affiliation to the Caliphate through Ilorin, and had gotten the support of the Sultan of Sokoto had successfully infiltrated the Oyomesi to influence the successor of Adeyemi III.

The prince was said to have the confidence of the Chief Imam of Oyo Town and that of the Muslims’ Rights Council (MURIC), in his bid to ascend the throne.
‘These people put immense pressure on the Bashorun to compromise the selection process, so that he can recommend the selection of a prince with Fulani blood’.
‘This prince’, www.focusmagazineonline.com further gathered, ‘has more loyalty to Usman Dan Fodio philosophy and heritage than the Yoruba heritage’.

Governor Makinde was said to have seen through the shenanigans and decided to outrightly cancelled the selection process and ordered a fresh one, which the Oyomesi strongly objected to.
The source revealed that ‘Governor Seyi Makinde rejected the process at the risk of his second term in office and insisted on a new selection process with total autonomy of the Oyomesi from Sokoto/Ilorin Fulani caliphate’s influence’.

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EFCC Arraigns 11 OAU Undergraduates for Alleged Internet Fraud

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Eleven of the sixty-nine students of the Obafemi Awolowo University (OAU), Ile-Ife, Osun State, arrested by the operatives of the Ibadan Zonal Command of the Economic and Financial Crimes Commission (EFCC) on Wednesday (31 October) over alleged fraudulent internet activities have been charged to court.

The remaining fifty-eight arrested students have since been released.
The students were arraigned before Justice Nathaniel Ayo-Emmanuel of the Federal High Court, Osogbo for their alleged involvement in internet fraud.
www.focusmagazineonline.com recalled that about 69 students of the institution were arrested over alleged fraudulent internet activities at the end of the operation. The operation reportedly lasted between about 1.40 a.m. and 4 a.m. on Wednesday. The suspects were ferried to the EFCC zonal office in Ibadan, the Oyo State capital for interrogations.

This was disclosed in a statement by the Head of Media and Publicity of the EFCC, Dele Oyewale, on Tuesday (07 November).
Oyewale said the defendants were arraigned on different count charges, ranging from one to six charges, as preferred against them by the EFCC.
The defendants are: Perekebena Olombeni Micah, Nnekwelugo Nnaemeka, Moyosore Favour Oluwasakin, Aghwaritoma Wisdom Obaro, Daniel Olashile Maiye, Gbolahan Khalid Adesina, Yinka Temitope Jayeola, Olumuyiwa Emmanuel Adeleye, Abiola Emmanuel Oluwadare, Busari Abdulazeez Ayodeji and Okesipe Tobiloba Paul.

Nine of the defendants were arraigned on one-count charge each, while the remaining two: Micah and Obaro, had six-count charges filed against each of them.
One of the counts reads: “That you, Perekebena Olombeni Micah sometimes in 2023 in Osogbo, Osun State within the jurisdiction of this Honourable Court did fraudulently impersonated the name – Pies through your Whatsapp account phone number +1(414)367-9473 by claiming that you are an American Female in love with your victims in the United States of America with intent to gain advantage for yourself and thereby committed an offence contrary to Section 22 (2) (b) (i) and punishable under Section 22 (2) (b) of the Cyber Crimes (Prohibition, Prevention etc.) Act, 2015.”

Another count reads: “That you, Aghwaritoma Wisdom Obaro on or about 1st November, 2023 at Ile-Ife, Osun State, within the jurisdiction of this Honourable Court, fraudulently impersonated by representing yourself to be a white man by name Alex Stephens from United States of America to one Megan Johnson, through your Google Chat and your email address (alexsteps678@gmail.com) with intent to gain advantage for yourself and thereby committed an offence contrary to Section 22 (2) (b) (i) and punishable under Section 22 (2) (b) of the Cyber Crimes (Prohibition, Prevention etc.) Act, 2015.”

Upon their arraignments, they all pleaded “not guilty” to the charges when they were read to them.
Consequently, prosecution counsel, Oluwatoyin Owodunni, prayed the court for trial dates and the remand of the defendants in a Correctional Centre.
In response, defence counsels to Ayodeji, Adesina, Oluwasakin, Micah, Adeleye and Okesipe informed the court of “motions for bail applications” filed on behalf of their clients, which have been served on the prosecution, therefore urging the court to admit the six defendants to bail in the most liberal terms.

Justice Ayo-Emmanuel, having listened to the prayers of both parties, admitted Ayodeji, Adesina, Oluwasakin, Micah, Adeleye and Okesipe to bail.
Ayodeji, Adesina, Oluwasakin, Adeleye and Okesipe were admitted to bail in the sum of N2 million each, while Micah was granted bail in the sum of N3 million.
Other bail conditions are: two sureties in like sum, first surety must be the defendant’s father or mother; the second surety must be a relative, sibling, clergy or civil servant with the Osun State Government; the sureties must depose to an affidavit of means and both residential and office addresses of the sureties, as well as their statuses, must be provided and verified by the court registrar.

The judge adjourned the matters to November 29 and December 12, 2023 respectively for commencement of trial and remanded the defendants at the Ilesha Correctional Centre, Osun State pending the perfection of their bail conditions.

The defendants were among the 69 suspected internet fraudsters arrested on November 1, 2023 at Oduduwa Estate area of Ile-Ife in Osun State following actionable intelligence on their alleged involvement in fraudulent internet-related activities.

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Nigerians Says No as Labour Declare Strike

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Organised Labour, consisting of the leadership of the Nigeria Labour Congress (NLC) and the Trade Union Congress, (TUC), have been advised to shelve their proposed nationwide strike slated to take off on November 14.

Many Nigerians spoken to were particularly displeased that the workers could be contemplating such an economic debilitating move at this point in time, when the nation is grasping for breath economically.

www.focusmagazineonline.com recalled that the leadership of the two unions on Tuesday (07 November) declared a total nationwide strike effective November 14, 2023.
The leadership of the two unions reached the resolution after an extraordinary National Executive Council meeting on Tuesday in Abuja.
The leadership of the NLC and the TUC had summoned what the unions described as an extraordinary NEC meeting.

The aim of the meeting was to review the modalities of the planned strike following the brutalisation of the National President of the NLC, Joe Ajaero, review of the Memorandum of Understanding signed between the Federal Government and the organised labour on October 2, 2023, following the removal of the subsidy on Premium Motor Spirit which the labour centres said has caused “untold hardship” to Nigerians.

The labour unions had, on Friday, issued a five-day ultimatum over the earlier arrest of the National President of the NLC, by the police in Owerri, Imo State, on Wednesday.
The labour centres demanded the redeployment of the commissioner of police in the state and the arrest and prosecution of the aide of the government who was alleged to have perpetrated the attack.

The unions also threatened to embark on a nationwide industrial action if their demands were not met in five days from Friday.
But a Labour Lawyer, Mr. Richard Akinola counselled the unions to perish the plan, at least for now.
He wrote, ‘dear NLC, l was one person that came out unapologetically to condemn the brutalization of your president, Joe Ajaero in Imo state and l still stand by that condemnation.
‘However, by declaring a national strike over that assault is stretching your luck too far. You have trivialized strike as a tool that nobody takes you serious again. You have demystified yourself and the potency of strike. So, you mean workers in Maiduguri would go on strike because of what happened in imo?

He added that ‘you people mean employers who have no trade dispute with their workers would shut down in this struggling economy and you expect them to pay the workers? When you abuse the power of strike, it loses its potency. You guys must be joking’, he warned the workers.

An Ikeja based businessman, Engr. Charles Nwaneke was more furious. He lamented the huge wage bills he had to contends with every month, and now the workers are planning to disrupt what was left of his staggering business.

He urged the workers to always towed a path of peace and development.
www.focusmagazineonline.com recalled that NLC President, Ajaero was arrested by the police ahead of the state-wide protest in Imo on Wednesday. This was disclosed by the NLC’s Head of Information, Benson Upah.

Although the police denied arresting Ajaero, stating that he was merely taken into protective custody to prevent a mob attack, the Imo State Governor, Hope Uzodimma, accused the labour leader of meddling in the political affairs of the state.

The attack on the labour leader has been condemned by many prominent Nigerians and civil society organisations, including the presidential candidate of the Labour Party in the 2023 elections, Peter Obi, and human rights lawyer, Femi Falana (SAN).

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