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Just In: NNPCL Reports Impact Of Russia-Ukraine Conflict On Nigeria’s Crude Oil Inflows
Just In: NNPCL Reports Impact Of Russia-Ukraine Conflict On Nigeria’s Crude Oil Inflows....KINDLY READ THE FULL STORY HERE▶

The Nigerian National Petroleum Company Limited (NNPCL) has shed light on the impact of the ongoing Russia-Ukraine conflict on Nigerian crude oil exports in the global market.
Maryamu Idris, Executive Director of Crude and Condensate at NNPC Trading Limited, disclosed this during a panel presentation at the Argus European Crude Conference in London.
Idris revealed that the conflict resulted in a decrease in demand from the traditionally reliable Asian market at the beginning of hostilities in the Eastern bloc. She explained that Nigeria’s crude exports to India saw a decline as India turned to discounted Russian barrels, reducing Nigerian volumes.
To illustrate, she stated that Nigeria’s crude exports to India dropped from around 250,000 barrels per day (bpd) in the six months before the February 2022 invasion of Ukraine to 194,000 bpd in the subsequent six months. So far this year, only around 120,000 bpd of Nigerian crude has been sent to India.
On the positive side, Idris noted an increase in Nigerian crude flow to Europe, filling supply gaps left by the ban on Russian crude. Six months before the war, 678,000 bpd of Nigerian crude went to Europe, compared to 710,000 bpd six months later and 730,000 bpd so far this year.
She emphasized that Nigerian grades, such as Forcados Blend, Escravos Light, Bonga, and Egina, have become popular among European refiners in the absence of Russian Urals and diesel.
Idris acknowledged that Nigeria faced production challenges due to the COVID-19 pandemic, including reduced investment, supply chain disruptions, aging oil fields, and oil theft, leading to production declines in the second half of 2022 and early 2023. However, she expressed optimism about overcoming these challenges with the implementation of the Petroleum Industry Act 2021, partnerships with financial institutions, and efforts to address security and environmental issues in the Niger Delta.
Idris also highlighted NNPC Limited’s increasing participation in the downstream sector through the restructured NNPC Trading Company, focused on growing NNPC’s global presence in crude, condensate, gas, and petroleum products. The panel discussion at the Argus Crude European Crude Conference explored the role of shareholders and asset managers in shaping the future of the crude industry in Europe.
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“Accept Defeat Or Face Chaos! Peter Obi Issues Dramatic Plea To Crushed NDC Aspirants!”.
Peter Obi, the Nigeria Democratic Congress (NDC) presidential candidate for 2027, has called on party members who lost in the recent primary elections to accept the results constructively.....KINDLY READ THE FULL STORY HERE▶
Speaking at the party’s second National Executive Committee (NEC) meeting in Abuja on Wednesday, Obi urged all contenders to unite and work towards the party’s success in the upcoming general elections. He emphasized that while not everyone can win, a unified front is essential for the party’s future.
Obi commended the rapid progress of the NDC, noting its achievement in conducting congresses, conventions, and primaries within a remarkably short period of about 90 days. He appealed for patience and sacrifice from all members, highlighting the importance of the party’s collective goals over individual outcomes.
With the primary process concluded, Obi stated that the focus must shift from internal competitions to building the NDC as a viable political alternative for 2027. He promised a different approach to leadership, characterized by inclusivity, compassion, and accountability.
To further strengthen the party, Obi announced plans for a nationwide engagement tour, moving away from centralized Abuja meetings to connect directly with Nigerians at the grassroots level. This initiative aims to deepen political education and build policies that directly address the needs of the populace. He also acknowledged the significant challenges facing the nation, including insecurity and poor infrastructure, promising a detailed campaign message in due course.
NDC National Chairman Moses Cleopas echoed Obi’s sentiments regarding the party’s rapid growth, which he described as extraordinary. He attributed this success to collective effort and divine guidance, likening the NDC to a vehicle for national rescue and renewal.
Party Leader Seriake Dickson praised the resilience of the members and announced a comprehensive reconciliation process to unite the party following the primaries. He encouraged those who did not win to maintain hope and remain committed to the party’s future opportunities.
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“Bloodbath Averted? Davido Issues Dire Warning To Anyone Daring To Rig Osun Election!”.
Nigerian superstar Davido has publicly vowed to resist any attempts to rig the upcoming Osun State governorship election, as political tension escalates ahead of the August 15, 2026, poll.....KINDLY READ THE FULL STORY HERE▶
The crucial election will determine whether his uncle, incumbent Governor Ademola Adeleke, returns for a second term, this time contesting under the Accord Party banner.
Taking to Instagram, Davido shared a video clip of former INEC resident electoral commissioner Nnenna Otti discussing election fraud and its impact on results. In an accompanying message, the singer issued a stern warning against any form of vote manipulation. He affirmed his intention to be physically present during the election to support his uncle and safeguard the electoral process.
“On August 15, anybody who tries to rig will face the consequences in the highest order. I will be in the field to defend our votes… @aadeleke_01, I’ve got your back, sir!” he wrote.
This announcement is the latest demonstration of Davido’s intense interest in Osun politics. He has previously accused political rivals, including Gboyega Oyetola, of desperation. Furthermore, following his alignment with the Accord Party, Davido was appointed head of youth mobilization for the campaign council.
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“Aso Villa In Tears! Jibrin Reveals ‘Everyone Is Moody’ Over Oyo School Children Abduction!”.
Abdulmumin Jibrin, a House of Representatives member from Kano State, has stated that President Bola Tinubu is deeply distressed by the frequent abductions of schoolchildren across Nigeria. Jibrin reported a “gloomy” atmosphere at the Presidential Villa in Abuja as officials struggle with the continued captivity of the pupils. Speaking on Arise Television’s Prime Time program, the lawmaker expressed sympathy for the families of kidnapped children and victims who lost their lives to kidnappers and bandits.....KINDLY READ THE FULL STORY HERE▶
Jibrin declared: “The school children that were kidnapped, it’s actually a difficult thing to talk about; my sympathy goes to the families of those kidnapped kids and those who lost their lives in the hands of kidnappers and bandits. What I can assure you is that the president and his government are doing everything possible to see that the security situation is tackled.“
He emphasized that government attention is tightly focused on securing the victims’ release. Having just returned from the Villa, Jibrin noted, “everybody is moody, and the matter is all about those kidnapped and their families.” Jibrin assured the public that Tinubu is tirelessly working to address insecurity and ensure the safe return of the abducted children, adding that “the last person that can be able to sleep that I know very well is the president.“
Jibrin concluded by reiterating the government’s commitment to immediate resolution, saying, “the government is doing everything possible to ensure those who have been kidnapped are returned to their families.“
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