Energy
Buhari To Confer Excellence in Public Service Award on Wabote
The outstanding performance by Engr. Simbi Kesiye Wabote as the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB) is set to be recognised and celebrated again as he has been nominated for the “Distinguished Capacity Development Award” at the forthcoming Nigeria Excellence in Public Service Awards, to be conferred by President Muhammadu Buhari.
According to a letter signed by Dr. Nnamdi Maurice Mbaeri, Permanent Secretary, General Services Office of the Secretary to the Government of the Federation, the award will be bestowed on Engr. Wabote and other deserving Nigerians in different categories at a ceremony scheduled for the State House Conference Centre, Abuja on October 21.
According to feelers from the Presidency, the Executive Secretary is getting the award for the outstanding strides he accomplished, particularly in human and infrastructural capacity development since he was appointed as the helmsman of NCDMB in September 2016 and got reappointed in 2020.
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The accomplishments are in furtherance of the mandate of NCDMB, as enshrined in the Nigerian Oil and Gas Industry Content Development (NOGICD) Act. They include providing capacity-building opportunities for over 13,000 Nigerians in various skill areas resulting in over 12 million training manhours and championing the construction and commissioning of NCDMB 17-Storey Headquarters with a 1000-seater conference auditorium and multi-level car park in Yenagoa, Bayelsa State. The edifice was constructed in five years by an indigenous contractor and provided opportunities for artisanal skills development and capacity-building for Nigerians as well as creating over 250 employment positions for the host community.
Other notable achievements recorded by Wabote in the past six years include the successful partnership with Waltersmith Refining and Petrochemical Company Limited to develop and commission a 5000 barrels per day (bpd) modular refinery in Ibigwe, Imo State, and investments in modular refineries like Azikel Group12,000 bpd hydro-skimming modular refinery in Polaku, Bayelsa State; Atlantic International Refinery’s 2000 barrels plant in Brass, Bayelsa State, and Duport Midstream’s 2,500bpd modular refinery in Edo State. These investments created over 3000 jobs in the refining value chain and ensured value addition to Nigeria’s crude oil, grew our domestic refining capacity and curbed pipeline vandalism.
The successes in capacity development also extend to the construction of two oil and gas parks in Bayelsa and Cross River States – designed to spur the manufacturing of critical oil and gas equipment, tools and spare parts in Nigeria. The parks are due for completion in Q1 2023 and would create over 2000 jobs each.
He also championed the construction and donation of an ultra-modern vocational school to the University of Ibadan and renovated and equipped the Government Technical College Abak, Akwa Ibom and Technical College Amoli, Awgu Local Government Area, Enugu State.
The Executive Secretary also championed the donation of over 35 ICT centres and science labouratories to secondary schools across the country to enhance the quality of Information, Communication Technology (ICT) and Science, Technology, Engineering and Mathematics (STEM) education.
Under his leadership, NCDMB grew the Nigerian Content Intervention Fund to a US$500m Fund and disbursed it effectively as credit to Nigerian oil and gas service companies and community contractors, with single-digit interest. This enabled local oil and gas service companies to build human and technical capacities to provide hi-tech services in the oil and gas industry, compete effectively with their international counterpart and create thousands of jobs for Nigerians.
Other standout achievements include the partnership with investors to catalyse critical projects in the gas value-chain, in line with President Muhammadu Buhari’s declaration of the year 2021 – 2030 as Nigeria’s Decade of Gas. Some of the NCDMB’s third party investments under his leadership include LPG Composite cylinders manufacturing facilities; Gas Processing Plants; Gas Gathering hub and LPG Storage and Loading Terminal Facilities. The Board is also partnering with investors to establish gas processing plants, Inland LPG terminal and Smart Gas/Smoke Detector Alarm devices and a Base Oil Production plant.
Prior to this award, the Executive Secretary has been conferred with several international and national awards, including a global award conferred by the organizers of African Oil Week (AOW) in November 2018 for his outstanding contributions to sustainable local content development in Nigeria and across the African oil and gas industry.
He was also honoured in August 2019 as the Transformational Business Leader in Public Sector by the Business Leadership Awards, organised by the BusinessDay Newspapers and bagged the Local Content Development Achievement Award from the Oil and Gas Trainers Association (OGTAN) in April 2018 in recognition of the remarkable achievements he led the Board to record in less than two years of his assumption of duty.
He was equally recognised as the Regulator of the Year at the 2021 Vanguard Personality of the Year Award and received the African Local Content Icon Award by the 2021 African Business Leadership Awards (ABLA) organized by the African Leadership Magazine.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said that 172 Host Communities Development Trusts (HCDTs) have so far been incorporated by oil and gas companies operating across the country.
The chief executive, NUPRC, Oritsemeyiwa Eyesan, disclosed this while addressing the leadership of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) in Abuja.
Under the Petroleum Industry Act (PIA), oil and gas companies, referred to as settlors, are required to contribute three percent of their Operating Expenditure from the preceding financial year into a Host Communities Trust Fund for the benefit of communities where they operate.
Eyesan said the NUPRC had been enforcing the provisions of the Act, particularly those relating to host communities and the obligations of operating companies, and had put in place regulations and procedures to streamline the process.
“We have laid out procedures for doing things and we have put regulations in place to streamline the process. So far, we have registered 172 HCDTs and we have been able to manage contributions by settlors,” she said.
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She said the trusts had funded the construction of schools, hospitals and other infrastructure, and had contributed significantly to peace and stability in previously volatile communities, which in turn had led to an increase in oil production.
Eyesan, however, admitted that some of the HCDTs had become subjects of litigation over disagreements on the constitution of their Boards of Trustees. She said the Commission had been working to ensure the trusts run smoothly, and that its Alternative Dispute Resolution Centre had played a key role in addressing some of the grievances.
She said that while the RMAFC’s interest in host communities was appreciated, oversight of how the funds are managed remained the exclusive preserve of the NUPRC.
The NUPRC boss also promised to investigate the lingering disagreement between Sterling Oil Exploration and Energy Production Company (SEEPCO) and its host community in Anambra State.
Responding, the chairman of the RMAFC, Dr Mohammed Bello Shehu, commended the NUPRC for overseeing reforms in the oil and gas sector that had contributed to growth in production.
Shehu said the RMAFC regards the upstream oil and gas sector as important, given that it accounts for a large share of revenue accruing to the Federation Account.
He thanked the NUPRC leadership for honouring the RMAFC’s invitation and called for stronger collaboration between the two institutions in the interest of the country.
Data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) shows that crude oil imports by domestic refineries rose by 151.5 percent to 5.13 million barrels in July 2026, from 2.04 million barrels in June.
In a related development, domestic crude supply to refineries fell sharply during the month.
According to the NMDPRA’s July 2026 Midstream and Downstream Statistics, local refineries received a total of 17.88 million barrels of crude in July, comprising 12.75 million barrels supplied domestically and 5.13 million barrels imported.
Imported crude therefore accounted for 28.7 percent of total crude receipts by domestic refineries in July, while domestic supplies contributed the remaining 71.3 percent.
The 5.13 million barrels imported in July represented a significant rebound from the 2.04 million barrels recorded in June. It was also higher than the 2.08 million barrels imported in May and 0.41 million barrels in April.
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However, July’s import volume remained below the 9.43 million barrels recorded in March, the highest monthly volume so far in 2026.
The data showed that crude imports stood at 0.71 million barrels in January before rising to 4.25 million barrels in February and peaking at 9.43 million barrels in March.
Imports subsequently plunged to 0.41 million barrels in April, before recovering to 2.08 million barrels in May, 2.04 million barrels in June and 5.13 million barrels in July.
The report also disclosed that domestic crude supply to refineries declined by 25.4 percent month-on-month, falling from 17.08 million barrels in June to 12.75 million barrels in July.
In January, domestic refineries received 8.83 million barrels of domestic crude and 0.71 million barrels of imported crude, bringing total receipts to 9.54 million barrels.
The figure rose to 13.13 million barrels in February, comprising 8.88 million barrels of domestic crude and 4.25 million barrels of imports.
March recorded the highest total crude receipts at 20.92 million barrels, with domestic supply contributing 11.49 million barrels and imports 9.43 million barrels.
Total receipts stood at 18.37 million barrels in April, made up of 17.96 million barrels of domestic crude and 0.41 million barrels of imports.
In May, refineries received 17.92 million barrels, comprising 15.84 million barrels of domestic crude and 2.08 million barrels of imports, while June recorded 19.12 million barrels, made up of 17.08 million barrels of domestic crude and 2.04 million barrels of imports.
Dangote Petroleum Refinery and Petrochemicals FZE has increased the gantry price of Premium Motor Spirit (petrol) from N1,185 to N1,200 per litre, effective August 26, 2026.
In an official communication to customers issued on Tuesday, the refinery’s Group Commercial Operations announced revised depot prices for gantry and coastal deliveries.
The email, titled ‘PMS Price Change Communication (N1,185 per Litre To N1,200 Per Litre)’, asked customers to take note of the revised DPRP PMS gantry and coastal price, which is effective 26th August 2026.
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According to the table contained in the notice, the coastal price rose from N1,562,265 per metric tonne to N1,582,380, while the gantry price increased from N1,185 to N1,200 per litre.
The refinery further directed customers to return all Authorisation to Collect documents for repricing, adding that a new volume contract would be issued for immediate loading resumption.
“You are advised to return all ATCs for repricing, and a new volume contract will be issued for immediate loading resumption. Should you require any further clarification, please do not hesitate to contact us,” the notice said.
The latest adjustment represents a N15 per litre increase in the gantry price and comes barely days after the refinery raised the price from N1,165 to N1,185 per litre. The previous increase took effect from midnight on August 21, 2026, according to industry trackers.
However, the latest hike comes against a backdrop of falling international crude oil prices. Data from oilprice.com on Tuesday showed West Texas Intermediate crude trading at $82.13 per barrel, down $2.88 or 3.39 per cent, while Brent crude stood at $88.37 per barrel, declining by $3.80 or 4.12 per cent. Murban crude also fell to $92.71 per barrel, shedding $8.73 or 8.61 per cent.
Our correspondent gathered that marketers and depot operators who received the circular might have begun returning existing ATCs for repricing in line with the refinery’s directive.
The N15 increase could result in higher pump prices as oil marketers factor in transportation, landing and other downstream costs. Petrol is expected to return to an average of N1,250 per litre.
The Dangote Group has yet to respond to messages from our correspondent.
The price increase comes at a time of renewed volatility in the international oil market amid the ongoing US-Iran conflict. Reuters reported that oil prices fell as investors viewed the latest US sanctions against Iran as less threatening to global oil supplies than a military escalation. However, analysts warned that the decline could be an overreaction, noting that prices could rise sharply if Iran retaliates militarily.
Reuters also reported that supply disruption risks remained, with only two commodity vessels transiting the Strait of Hormuz on Monday, the lowest daily tally since early May. The waterway handled about one-fifth of global oil consumption before the conflict began, leaving the market vulnerable to further disruptions.
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