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Another Round Of Fuel Crisis Looms, PMS Goes For N900/Litre

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The streets of Lagos and Abuja, Nigeria’s economic and political capital cities, respectively, appear to be drifting into another round of energy crisis, with Premium Motor Spirit (PMS), popularly called petrol, selling for N900/litre.

Biztellers reports that this follows the raising of ex-depot price of petrol from N630 to N720/litre by private depot owners.

The immediate response of petrol stations within the Lagos and Ogun States axis has been to declare scarcity, which has triggered panic among the populace.

It was gathered some dealers were reluctant to purchase products at the new rates from the private depots.

The National Vice President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Hammed Fashola, was cited by The PUNCH as declaring that many filling stations did not open for business because they had no fuel in their tanks.

READ ALSO: Economic Conspiracy: Dangote Accuses IOCs Of Plotting Against Nigerian Refinery

According to Fashola, the Nigerian National Petroleum Company Limited, which is the sole importer of petrol at the moment, should explain to Nigerians what was happening with the product.

In his words, “Those that shut their stations do not have fuel to sell. When you don’t have fuel, you cannot open your station. That is the problem. You know the NNPC is the sole importer of this product. I think it is in the best position to tell us what is actually going on.

“Currently, independent marketers cannot buy what the private depots are selling. They are selling fuel between N715 and N720 per litre. How much will marketers sell the product? Look at the cost of bringing it to their depots; with transportation and other depot expenses, it will be too costly for them. That is why the stations are shut down.

“Some marketers refuse to go and buy because they know the masses cannot afford high-priced petrol in this economy. That is the situation for now.”

Biztellers reports that private depot owners, used to sell petrol to independent marketers at the rate of N630-650/litre, while the NNPC Ltd was selling to major marketers at a price below or around N600.

The pending negotiations between the IPMAN and the NNPC Ltd for direct supplies to its members has not borne fruits.

Biztellers gathered that the NNPC Ltd, instead of seeking a lasting solution was focused on a temporary reprieve by pressuring the private depots in Apapa to prioritise supply to Abuja to dispel mounting fuel queues.

Industry watchers are tracing the short supply to the Lagos and its environs, to the efforts to solve the queues mounting in the Abuja area by shifting supply focus there.

Energy watchers are concerned because the signals appeared too soon after the Reuters averred that Nigeria’s debt to PMS suppliers had surpassed $6bn, doubling the figure as at April. It traced the surge to NNPC Ltd’s failure to bridge the gap between fixed pump prices and international fuel costs.

The Reuters report had asserted that the crisis had long brewed with part of January imports, put between $4bn and $5bn still outstanding to suppliers.

The debt pile-up is being managed, according an unnamed industry source, with “the $250,000 a month (per cargo) for late payment compensation,” the PUNCH wrote.

Even at that, at least two suppliers were said to have stopped participating in recent tenders after hitting self-imposed debt exposure limits to Nigeria, meaning they would not supply more PMS until they receive payments.

As a consequence, Reuters noted, Nigeria’s tenders to buy gasoline in June and July were smaller.

The NNPC Ltd was expected to import via tender about 850,000 tonnes in July, according to the Reuters report quoting sources, down from the typical one million tonnes in previous months.

As that is brewing, some private depot owners have been showing reluctance to supply petrol to independent marketers, who own the larger percentage of the filling stations in Nigeria.

The depot owners on their part, claim they could only distribute what they were supplied by the sole importer, the NNPC Ltd.

One of the depot owners, was cite thus, “Currently, we focus on our filling stations. We get less than 50 per cent of what we usually get from the NNPC now.

So, we make sure we feed our stations first before we consider selling to independent marketers. That is why most of them are out of stock. You know they don’t have access to the NNPC and the little we get is not even enough for our stations,” by The PUNCH.

The IPMAN president had fingered the supply chain, “The current situation is a result of the way private depot owners have been selling their products. It has been very difficult for independent petroleum marketers to get the product and sell it in Abuja and neighbouring states, as well as in other states in the North.

“So the queues you are seeing now are because of the cost of PMS by private depots. The private depots are selling at N710/litre, but if you check the price of the same product at NNPC retail outlets, it is N617/litre.

“Therefore, by the time we independent marketers buy from private depots and bring it to our filling stations, we will not be able to sell our product because our cost price is already so high, while the cost at NNPC retail outlets is far lower.

“And you know that when we buy it at the rate of N710/litre we have to add transportation cost again because there is no equalisation. And when we add the cost of transportation, the pump price is going to be higher than the N710/litre ex-depot price, whereas NNPC stations sell at N617/litre.”

He maintained that the number of stations operated by IPMAN, meant that any distortion in the supply of products to its members would eventually lead to fuel queues because major marketers and NNPC stations are fewer.

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Energy

NCDMB, Renaissance Africa Train Pipeline Engineers

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NCDMB Emerges Best MDA In Ease Of Doing Business Ranking

Thirty-three young graduates in engineering, geology, and related fields have officially commenced a 12-month training programme focused on pipeline engineering, corrosion control, and monitoring in Port Harcourt, Rivers State.

The training, which is part of the Nigerian Content Human Capital Development (NC HCD) initiative, is being organised by Renaissance Africa Energy Company Limited and MJD Oilfield Services Limited, in collaboration with the Nigerian Content Development and Monitoring Board (NCDMB).

Biztellers reports that it is designed to build a skilled workforce to protect and maintain Nigeria’s energy infrastructure.

Participants will engage in a mix of classroom sessions, simulation-based learning, field demonstrations, on-the-job training, and continuous evaluations.

The goal is to equip them with the expertise needed for local projects, particularly for key national initiatives like the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline, spanning 614 kilometres, and other infrastructure projects aimed at advancing the energy sector.

Manager of Human Capital Development at NCDMB, Tarilate Bribena-Teide who represented the Executive Secretary of the Board, Engr. Felix Omatsola Ogbe, emphasised the importance of pipeline pigging and corrosion control in maintaining the integrity of energy systems.

Pipeline pigging it’s explained refers to the process of sending a “pig” (a device) through a pipeline to clean, inspect, or maintain the pipeline. The term “pig” originally came from the squealing sound the device would make while moving through the pipe, but today it can refer to several types of devices used for different functions.

The main purposes of pipeline pigging include cleaning, inspection, separation and batching.

Corrosion control on the other hand is a set of techniques used to prevent or reduce the damage caused by the corrosive effects of various substances (like water, air, chemicals) on the metal pipes. In the oil and gas industry, pipelines are often exposed to aggressive environments that can cause corrosion, which weakens the pipeline and increases the risk of leaks or failures. Corrosion control methods help to extend the life of pipelines and maintain their safety.

These techniques Bribena-Teide said prevent pipeline failures, reduce environmental risks, and help safeguard the economy. She also highlighted that the training aligns with NCDMB’s mandate to foster local capacity, increase Nigerian involvement in the oil and gas sector, and generate opportunities for national development.

She expressed her appreciation to Renaissance Africa for its partnership in advancing local talent and encouraged the trainees to approach the programme with discipline, as their skills would directly contribute to resolving real-world industry challenges.

Funso Alabi, representing Renaissance Africa, thanked NCDMB for its unwavering support and for fostering the growth of the Nigerian oil and gas industry. He applauded the significant achievements of the NCDMB in building a pipeline of skilled Nigerians now taking key positions in industry both locally and abroad.

Managing Director of MJD, Olayemi Familusi also acknowledged NCDMB and Renaissance for their support, noting the transformative impact of the Board’s initiatives on indigenous companies and human resource development in the sector.

The Project Manager at MJD, Austin Ugbunaia reiterated the commitment to delivering high-quality training and exposure for the participants, assuring all stakeholders of the programme’s success in meeting industry standards.

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Energy

NLNG Inducts 103 Trainees Into Empowerment Scheme

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The Nigeria LNG Limited has inducted 103 trainees into its Vocational Innovation Business and Empowerment Scheme, marking a new cohort in the company’s empowerment programme.

This was revealed in a statement issued in Port Harcourt, Rivers State, on Monday by the NLNG Manager, Corporate Communication and Public Affairs, Anne-Marie Palmer-Ikuku.

The induction, held in Port Harcourt on Monday, marked a significant milestone in the scheme’s ongoing commitment to skills development and sustainable economic empowerment.

The newly inducted trainees will undergo a structured series of capacity-building sessions, culminating in a competitive pitching phase during which the most viable business proposals will be selected based on clearly defined evaluation criteria.

ALSO READ: Senate Approves Abe as Chairman, NUPRC Board

Simultaneously, 26 beneficiaries from the previous cohort successfully completed their training and graduated from the programme, having received grant support in the preceding year.

One year after receiving support, several of the graduates have strengthened their operations, enhanced financial management practices, expanded their customer base, and transitioned from early-stage concepts to more structured, revenue-generating enterprises.

Some have scaled up production and diversified their service offerings, demonstrating measurable business growth and improved operational stability.

During the induction, the General Manager, External Relations and Sustainable Development, Sophia Horsfall, said, “The VIBES programme reflects NLNG’s long-standing commitment to sustainable development in our host communities.

“Through targeted capacity building, access to innovative support, and enterprise development opportunities, we are strengthening the local economy across our host and pipeline communities.

“The graduation of one cohort and the induction of another showcase the continuity of our investment in youth empowerment, innovation, and enterprise development as key drivers of inclusive growth.”

She added that VIBES represented a strategic intervention aligned with NLNG’s broader sustainable development objectives, saying, “The programme is designed to cultivate entrepreneurial capability and strengthen the networks required for emerging business leaders and community change-makers to thrive within their communities.”

Also speaking at the event, the Manager, Community Relations and Sustainable Development, Yemi Adeyemi, described the milestone as rewarding, noting the progress made by the graduating cohort.

Adeyemi said, “When we supported them last year, it was not only with training but also with grants to help strengthen their businesses.

“A year later, we can see the difference — businesses are expanding, ideas have moved beyond the planning stage, and the beneficiaries are more confident in managing their ventures. That is the essence of VIBES: practical support that helps people make real progress.”

It was gathered that VIBES is NLNG’s economic empowerment programme designed to equip young entrepreneurs with the tools, knowledge, and support required to build sustainable livelihoods. Participants receive practical training in financial management, marketing, business strategy, and foundational legal principles, complemented by mentorship and advisory guidance from experienced professionals.

Economic empowerment remains a key component of NLNG’s broader sustainable development efforts, alongside education, infrastructure, and healthcare. Through VIBES, the company aims to support more young entrepreneurs in building viable businesses, creating economic value, and contributing meaningfully to the development of its host and pipeline communities across Rivers State.

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Energy

Senate Approves Abe as Chairman, NUPRC Board

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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) would soon have a new chairman.

Biztellers reports that the Senate on Monday cleared former lawmaker representing Rivers South-East Senatorial District, Magnus Abe, for appointment as Chairman of the Board of the NUPRC.

Abe, a political ally of the Minister of the Federal Capital Territory, Nyesom Wike, was screened by the Senate Committee on Petroleum Resources (Upstream) before receiving the approval of lawmakers.

ALSO READ: NUPRC Shifts Focus to Dormant Oil Licences

The committee, chaired by Senator Eteng Jonah Williams, who represents Cross River Central Senatorial District, screened nominees forwarded by President Bola Tinubu for appointment as chairman and non-executive commissioners of the commission.

In line with the Senate’s tradition for former lawmakers appearing for confirmation, Abe was asked to “take a bow and go,” having served two terms in the National Assembly.

After his appearance before the committee in Room 117, Abe told journalists that the surge in global oil prices triggered by tensions involving Iran and the United States presents both challenges and opportunities for Nigeria.

On the impact of the escalating global crisis on Nigeria’s fuel prices, Abe described the situation as a worldwide challenge rather than a purely Nigerian problem.

“This is a very difficult time for the entire planet. It’s not just a Nigerian challenge; it is a global challenge,” he said.

According to him, while the conflict has pushed up the cost of fuel and created hardship for Nigerians, the increase in oil prices could also translate into higher national revenues.

“You must look at the balancing act. Prices will definitely be affected, but revenues from our oil sales will also be positively affected. There will be some measure of balance in what will happen,” he added.

Abe called for global prayers for an end to the conflict, noting that beyond the economic implications, the crisis was claiming human lives.

“Human beings are actually dying. Our prayers should be that this conflict, which in my opinion is unnecessary and harmful to the entire world, should quickly come to an end so that we can begin to recover,” he said.

The 2023 governorship candidate of the Social Democratic Party, however, urged Nigerians to see the situation as an opportunity to strengthen the country’s energy sector, particularly in gas development and marginal oil field investments.

“If the price of oil is going up, it allows us to invest in marginal fields that otherwise would not have been profitable. If gas supplies are being disrupted globally, this is an opportunity for Nigeria to optimise its own gas production, which will create jobs and new opportunities,” he said.

Abe also expressed gratitude to the president for nominating him to serve on the regulatory body’s board.

“I am sincerely grateful to Mr President, the Commander-in-Chief of the Armed Forces, Bola Tinubu, for considering me and other members of the board worthy of service to this country and me.

“I see it as a great privilege and an opportunity to contribute to the Renewed Hope Agenda,” he stated.

He assured Nigerians that the incoming board would work closely with stakeholders to strengthen the regulatory environment in the petroleum industry.

According to him, the framework provided by the Petroleum Industry Act offers solutions to several long-standing problems in the sector, including oil theft and community agitation.

“With the Host Communities Fund, the host communities themselves are now stakeholders. They benefit from production, and nobody destroys what he is eating,” Abe said.

Earlier during the screening, one of the nominees for non-executive commissioner of the NUPRC board, Paul Jezhi, identified discrepancies in crude oil measurement at custody transfer points as a long-standing challenge in the sector.

He told lawmakers that the deployment of modern metering technology could significantly reduce the problem.

“The discrepancies in crude oil at the custody point have been a long-time issue. But modern meters can now record measurements within a margin of plus or minus one to five, and when such meters are deployed, these discrepancies will largely disappear,” he said.

Jezhi also recommended the adoption of drones and satellite technology to strengthen surveillance against oil theft and pipeline vandalism, particularly in the Niger Delta.

“The deployment of drones and satellite surveillance will also help curb oil theft and pipeline vandalism, especially in the Niger Delta,” he added.

On January 5, 2026, President Tinubu had earlier written to the Senate seeking confirmation of 21 nominees for the boards of the Nigerian Upstream Petroleum Regulatory Commission and the Nigerian Midstream and Downstream Petroleum Regulatory Authority.

In the letter, the president nominated Abe as chairman of the NUPRC board.

Other nominees for the NUPRC board include the past chairman of the Trade Union Congress in Kaduna, Paul Jezhi, and a former deputy director at the defunct Department of Petroleum Resources, Sunday Babalola, which was dissolved following the enactment of the Petroleum Industry Act in 2021.

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