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Sahara Group, UNILAG collaborate on sustainability, global competitiveness

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Sahara Group, UNILAG collaborate on sustainability, global competitiveness

Leading energy and infrastructure conglomerate, Sahara Group, has announced the establishment of the Sahara School of Innovation and Extrapreneurship at the University of Lagos (UNILAG), Akoka, to serve as a platform for promoting inventions and solutions that would facilitate sustainable development and global competitiveness in Africa.

Ejiro Gray, Director, Governance and Sustainability at Sahara Group, said the company would collaborate with UNILAG to make the school a world class facility that will proffer solutions to future challenges today, with emphasis on areas like the future of energy, entrepreneurship, data science, digital arts and culture, artificial intelligence and robotics, and fintech, among others.

The sod-turning ceremony of the proposed school held on Friday October 28, 2022. “This project reinforces our commitment to giving back always and serves as one of Sahara Group’s contributions towards building a formidable legacy for sustainable development. For over 26 years, innovation and extraprenuership have driven Sahara’s growth across Africa, Asia, Europe, and the Middle East. We are confident that working with the University of Lagos, a foremost institution of global repute, the school would deliver sustainable value for the benefit of Africa and the world at large,” said Gray whose directorate would drive the project..

Sahara Group, UNILAG collaborate on sustainability, global competitiveness

Former Librarian, Unilag, Mr. Adegoke Adeniji, Executive Directors of Sahara Group, Temitope Shonubi, Kola Adesina, Moroti Adedoyin-Adeyinka, Ade Odunsi, and Wale Ajibade; Director, Governance and Sustainability, Ejiro Gray and Former Head, Department of Mechanical Engineering, Unilag, Dr. Folashodun Shonubi, at the sod-turning ceremony of the Sahara Group School of Innovation and Extrapreneurship at the Unilag, Akoka.

Commending Sahara Group for the initiative, the Vice-Chancellor of the University of Lagos, Professor Oluwatoyin Ogundipe, FAS, stated it is particularly gladdening that the drivers of the project are alumni of the University from different Faculties who have by their achievements, individually and jointly, demonstrated to the world the quality of UNILAG products.  He noted that the Sahara Group School of Innovation and Extrapreneurship project hallmarks the repositioning of UNILAG as a “University of The Future”, a vision that has shaped its pursuits over the last five years and informs its 60th anniversary theme: UNILAG@60: Eyes on the Future.

“We, at the University of Lagos are committed to building on our heritage of excellence to continue to produce graduates that are locally relevant and  globally-competitive as the alumni before us today. We aim to instill in our students, more than ever, the culture of innovation, entrepreneurship,” the VC added.

Gray said a timeline of 24 months has been set for the completion of the project with clear sustainability indices in terms of seamless maintenance, inclusiveness, transparency, relevance and scalability of modules/inventions, access to strategic/financial advisory and collaboration for regional and global impact.

She also announced the launch of the Sahara Scholar Award aimed at “energising excellence” through rewards to university students with outstanding performance in select disciplines. The Sahara Scholar Award will commence from the University of Lagos as a pilot scheme, and progressively expand in scope across Africa.

“The unique thing about the first phase of the Sahara Scholar Award is that it is wholly funded by the Group Executive Directors of the Sahara Group as a way of giving back to the University of Lagos where most of them received their university education and some also had parents who taught at the university. The award will be N1 million yearly for each category, including provision for annual sponsorship of exchange programmes for lecturers within Africa,” she added.

Categories under the Sahara Scholar Award include one-off prizes for 26 outstanding students to mark Sahara Group’s 26th anniversary, Temitope Shonubi prize for Best Improved Student in Architecture, Moroti Adedoyin-Adeyinka Prize for Best Graduating Student in Economics, Wale Ajibade Prize for Best Improved Student in Economics, Ade Odunsi Prize for Best Student in Finance, and Kola Adesina Prize for Best Graduating Student in Business Management.

Others are: Dr. Folashodun Shonubi Prize for Best Graduating Student in Mechanical Engineering, Zacchaeus Odunsi Prize for Best Entry Level Student in Civil Engineering, Mr. Adegoke Adeniji Prize for Best Graduating Student in Library and Information Science, Dr. John Falegan Prize for Best Graduating Student in Insurance and Actuarial Science, Asharami Prize for Best AI/Fintech invention and Sahara Group Prize for Best Entrepreneurial Dissertation in Architecture, Engineering, and Economics.

Energy

Nigeria Records Zero Aviation Fuel Imports for 13 Months

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Nigeria’s domestic refineries have completely displaced imported Aviation Turbine Kerosene, commonly known as aviation fuel or Jet A-1, with official industry data showing that local producers solely supplied the country’s aviation fuel market over the past 13 months.

An analysis of the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s latest petroleum supply statistics showed that between June 2025 and June 2026, there was no recorded import of aviation fuel by Oil Marketing Companies, making domestic refineries the exclusive source of supply throughout the period.

The development marks a significant shift for Nigeria’s aviation fuel market, which had relied heavily on imported Jet A-1 for years due to inadequate domestic refining capacity.

The data showed that domestic refinery receipts fluctuated significantly during the review period, rising from 1.3 million litres per day in June 2025 to 1.5 million litres per day in July before climbing sharply to 3.5 million litres per day in August.

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Supplies later moderated to 1.6 million litres per day in September and 2.7 million litres per day in October, while no receipt was recorded in November. Output then surged dramatically to 14 million litres per day in December, the highest level recorded during the period.

In 2026, domestic refinery receipts fell to 6.0 million litres per day in January before dropping further to 1.6 million litres per day in February. Supplies later recovered to 2.1 million litres per day in March, increased to 3.0 million litres per day in April, rose further to 4.3 million litres per day in May before declining to 2.5 million litres per day in June.

Month-on-month data also showed that average ATK receipts dropped from 3.6 million litres per day in May to 2.5 million litres per day in June, representing a decline of approximately 31 per cent.

An analysis of the NMDPRA data showed that ATK receipts increased from 1.3 million litres per day in June 2025 to 1.5 million litres per day in July, an increase of 0.2 million litres per day or 15.4 per cent.

Supplies then surged to 3.5 million litres per day in August, representing a sharp increase of 2.0 million litres per day or 133.3 per cent over July. However, receipts declined to 1.6 million litres per day in September, a drop of 1.9 million litres per day or 54.3 per cent, before recovering to 2.7 million litres per day in October, reflecting an increase of 1.1 million litres per day or 68.8 per cent.

No domestic refinery receipts were recorded in November 2025, indicating a 100 per cent decline from October’s level. Supply rebounded strongly in December 2025, when domestic refinery receipts climbed to 14.0 million litres per day, the highest level during the review period.

Although a percentage comparison could not be made because no receipts were recorded in November, the December figure represented an increase of 14.0 million litres per day.

Receipts then fell sharply to 6.0 million litres per day in January 2026, a decrease of 8.0 million litres per day or 57.1 per cent, before dropping further to 1.6 million litres per day in February, down by 4.4 million litres per day or 73.3 per cent.

Supplies recovered modestly to 2.1 million litres per day in March, an increase of 0.5 million litres per day or 31.3 per cent, rose to 3.0 million litres per day in April, up by 0.9 million litres per day or 42.9 per cent, and increased further to 4.3 million litres per day in May, representing a gain of 1.3 million litres per day or 43.3 per cent.

However, the upward trend reversed in June 2026, as domestic refinery receipts fell from 4.3 million litres per day in May to 2.5 million litres per day, a decline of 1.8 million litres per day or 41.9 per cent.

Throughout the 13 months, no aviation fuel imports by Oil Marketing Companies were recorded, indicating that 100 per cent of Nigeria’s reported ATK receipts came from domestic refineries.

Industry data further showed that aviation fuel consumption remained relatively stable despite fluctuations in refinery receipts.

Consumption stood at 3.5 million litres per day in January before declining to 2.9 million litres per day in February. It fell further to 2.1 million litres per day in March before rising to 2.5 million litres per day in April and increasing to 3.1 million litres per day in May. Consumption moderated again to 2.9 million litres per day in June, representing a six per cent decline compared to the previous month.

The latest NMDPRA daily consumption figures also showed that aviation fuel demand averaged about 2.9 million litres per day, close to the country’s 2026 benchmark demand of three million litres daily.

The regulator noted that petroleum product consumption figures are based on volumes trucked into the domestic market.

The report also showed that ATK supply rose from 2.6 million litres per day in April to 3.6 million litres per day in May, representing an increase of about 38.5 per cent during that reporting cycle.

The disappearance of aviation fuel imports underscores the growing contribution of domestic refining following the commencement and expansion of operations at new and rehabilitated refineries across the country.

For years, Nigeria depended almost entirely on imported aviation fuel, exposing airlines to exchange rate volatility, high logistics costs and periodic supply disruptions. The growing role of local refineries is expected to improve product availability, shorten supply chains and reduce the country’s dependence on imported petroleum products.

The development also aligns with the Federal Government’s broader objective of achieving energy security through increased domestic refining capacity while conserving foreign exchange previously spent on importing refined petroleum products.

Although monthly refinery receipts remained volatile, the absence of imported ATK throughout the review period suggests that local production has become sufficiently established to support Nigeria’s aviation fuel requirements, with consumption largely hovering around the country’s daily benchmark demand of three million litres.

The development comes against the backdrop of a sharp increase in aviation fuel prices that recently pushed up the cost of air travel in Nigeria.

In March 2026, Jet A-1 prices rose from about N900 per litre in January to N2,557 per litre by the end of March, representing an increase of 184 per cent. The surge, which was linked to disruptions in the global oil market following the Middle East crisis, placed significant pressure on airlines because aviation fuel accounts for about 40 per cent of their operating costs.

Although intense competition initially prevented carriers from immediately passing the higher cost to passengers, domestic airfares later rose to N200,000 and above for one-hour, one-way flights as Jet A-1 prices remained between N1,750 and N2,650 per litre.

The sharp increase in airfares intensified calls for a more reliable and affordable domestic supply of aviation fuel.

The latest supply figures, showing that domestic refineries accounted for all recorded ATK receipts between June 2025 and June 2026, could provide some relief to the aviation industry by reducing its exposure to imported fuel and foreign exchange volatility.

However, the significant month-to-month swings in local receipts, from a record 14 million litres per day in December 2025 to 2.5 million litres per day in June 2026, show that supply stability remains as important as domestic production.

Courtesy – The Punch

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Energy

Chevron Wins a Bid in Nigeria’s 2025 Licensing Round

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Star Deep Water Petroleum Limited, a Chevron company and operator of the Agbami unit, has won the bid for Petroleum Prospecting Licence (PPL) 2010 in Nigeria’s 2025 licensing round.

Biztellers reports that the winners of the bid round were announced by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) in Abuja, on Tuesday July 21, 2026.

“Chevron continues to evaluate high-potential exploration opportunities across our global portfolio, with Nigeria long being an important part of our business,” Kevin McLachlan, Vice President of Exploration at Chevron said. “This award reflects our disciplined approach to adding quality acreage to our portfolio.”

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“We appreciate the efforts of the Nigerian Upstream Petroleum Regulatory Commission and all stakeholders in delivering a successful licensing round,” said Jim Swartz, Chairman and Managing Director of Chevron companies in Nigeria and the Mid-Africa region. “Chevron remains committed to working collaboratively with the Nigerian government and our partners to support the development of Nigeria’s oil and gas industry and contribute to the country’s broader economic growth,” he added.

A company statement has it that the award of the PPL 2010 supports Chevron’s global exploration strategy, which combines technology-enabled exploration, disciplined portfolio management and selective entry into high-potential opportunities. Beyond Nigeria, Chevron continues to advance exploration activities across Africa while growing a global portfolio to develop the energy needed to enable human progress.

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Energy

Navy Uncovers 9 Illegal Refineries in Rivers, Seizes 104,000 Litres of Stolen Crude

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The Nigerian Navy has uncovered nine illegal refining sites comprising 23 dugout pits in Bonny Local Government Area of Rivers State, with 18 of the pits containing an estimated 104,000 litres of products suspected to be stolen crude oil.

The Director of Naval Information, Captain Abiodun Folorunsho, disclosed the discovery in an operational report on Tuesday in Abuja, according to the News Agency of Nigeria.

He said the sites were uncovered during an operation carried out by personnel of Forward Operating Base Bonny under Operation DELTA SENTINEL.

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The operation also neutralised five newly excavated pits that had been prepared for imminent use before they could become operational, preventing the further expansion of the illegal refining network in the area.

Folorunsho said the operation delivered a significant setback to crude oil theft syndicates operating in the Bonny area, targeting criminal infrastructure across two communities simultaneously.

“Following actionable intelligence, personnel targeted criminal infrastructure concealed within the Wakama/Bolo and Aworkiri communities. The operation denied economic saboteurs the opportunity to activate new refining locations and sustain illicit petroleum production,” he said.

“The operation dealt another major setback to crude oil theft syndicates and further reinforced the service’s resolve to safeguard Nigeria’s critical oil and gas infrastructure,” Folorunsho added.

He said eight locally fabricated refining pots and three large storage tanks were also recovered during the operation, further disrupting the criminal network’s refining capability.

“All illegal facilities and recovered products were handled in accordance with extant anti-crude oil theft procedures,” he said, adding that by targeting both active and emerging illegal refining hubs, the Navy continues to weaken the operational resilience of crude oil theft syndicates.

“The latest success highlights the Nigerian Navy’s determination not only to disrupt illegal refining activities, but also to prevent criminal networks from rebuilding their infrastructure. By targeting both active and emerging illegal refining hubs, the service continues to weaken the operational resilience of crude oil theft syndicates and protecting Nigeria’s economic interests,” he said.

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