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Edo Refinery Struggles with Crude Shortage, Calls for NNPC to Fulfill Supply Agreements

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Edo Refinery has raised alarm over crude supply issues despite agreements with NNPC, operating below capacity due to persistent shortages.

The management of AIPCC Energy Limited, operators of the Edo Refinery and Petrochemicals Company Limited (ERPCL), on Sunday raised the alarm over the persistent lack of crude despite being a full functional 1,000 barrels per day stream crude oil refinery.

It said in spite of the disclosure by the Dangote Refinery on the refusal of the Nigerian National Petroleum Company Limited (NNPC) and the directive by President Bola Tinubu that the company should supply crude oil to Dangote Refinery and other Modular Refineries in the country in Naira denomination, the Edo Refinery was yet to get any from the relevant authorities.

Speaking to journalists in Benin-City at the weekend, the management of Edo Refinery situated at Ologbo in Ikpoba-Okha local government area of Edo State, said it was facing significant challenges due to persistent lack of crude oil supply.

Representative of the company, Segun Okeni, who spoke at the event, said the refinery, which requires 1,000 bpd stream crude can barely function at full installed capacity.

Okeni said though the company has had existing crude oil supply agreements with Seplat and ND Western since 2022, bureaucratic bottlenecks had prevented the refinery from accessing the much-needed resource.

He alleged that in 2021, ERPCL’s addressed a letter to the Group Chief Executive Officer of NNPC, Mele Kyari, after a series of meetings and constant communication with him did not hear much fruit.

“On August 18, 2021, our team led by our chairman, met with the NNPC GCEO and its top management team to discuss our intention to buy crude oil from NNPC and we immediately wrote seeking crude supply.

“In July 2022, the representatives of NNPC visited our facility for site inspection and to confirm the mechanical completion of the Edo refinery. In September 2022, we were invited for a commercial negotiation meeting with the NNPC head of terms, after which we sent a follow-up letter identifying the oil fields from which we can offtake crude oil.

“In March 2022, we also wrote to the Ministry of Petroleum Resources, informing it of our refinery status, future projects and our challenges of lack of crude oil supply to our refinery.

“We had also written and had a meeting with the NNPC Exploration and Production Limited (NEPL) between November 2022 and March 2023, indicating our severe need for crude oil supply from oil fields where NEPL has equity stakes,” he stated.

The ERPCL representative however, noted that despite the meetings, correspondences and communications with NNPC over the past three years on the issues of crude oil supply, nothing was done.

Besides, he identified other key issues encountered by the refinery as the inability of NNPC to assign any of the preferred fields to allocate crude to the company since it started having engagement with the management August 18, 2021.

He pointed out that even with the options given to allocate crude to the refinery from ND Western, First Hydrocarbon, and Seplat, nothing happened till date.

“ERPCL also has a Crude Oil Supply Agreement with ND Western to lift crude oil from the Ughelli Pumping Station (UPS) owned by NEPL and operated by Shoreline.

“We have held several meetings with Shoreline and Heritage Oil and indicated our readiness to make modifications needed to offtake crude oil from the UPS but no progress has been made till date,” the company added.

On the way forward, ERPCL said NNPC and other producers need to put loading infrastructure in place to allow for truck loading, decrying why Dangote would be getting 30,000 bpd because it opened up to the public, while smaller refineries are not being served which he likened to lack of respect for small people who can also grow the economy alongside the big players.

The representative of ERPCL therefore sought Kyari’s intervention as group GCEO of NNPC a d implement the Seplat-ERPCL agreement to enable Edo refinery to start lifting crude oil from Oil Mining License (OML).

Describing the past two years as frustrating for the establishment, he said: “If we local investors can’t get crude even as small as we are, how can foreign investors be encourage to invest in the country.

“The total daily demand of all modular refineries is not up to 2 per cent of the daily crude oil production. Our lifting from the pumping station, will even reduce pipe line losses,” he added.

Okeni argued that the advantage of loading from NNPC pumping stations to the expert terminal was that it costs less because the cost of pipeline export terminal charges and loss will be saved.

According to him, this will make the modular refineries more competitive than the offshore refineries who come to the export terminal to take the crude, thereby making cost savings to trickle down to Nigerian consumers.

“If the smallest refinery is not getting crude, it will discourage investors in that area” Okeni said, contending that because of lack of crude, OPAC Refinery operates less than 3 per cent of its installed capacity and Edo Refinery less than 10 per cent of installed capacity.

He noted that Nigeria loses millions of dollars following the inability of NNPC to supply modular refineries over the past three years which has a total installed capacity of less than 30,000bpd.

 

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Boris Johnson Says He Feels “Perfectly Safe” in Nigeria, Praises Imo State’s Progress

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Former British Prime Minister Boris Johnson has expressed confidence in Nigeria’s security, saying he feels perfectly safe during his visit to the country. His remarks come amid ongoing reports of insecurity in various parts of Nigeria, making his statement a notable endorsement of the nation’s stability in certain regions.

Johnson made the declaration on Thursday, December 4, 2025, while addressing participants at the Imo State Economic Summit 2025 in Owerri, the state capital. He acknowledged having read travel advisories and news reports highlighting security concerns prior to his trip but said his experience has been reassuring.

He said he feels perfectly safe in the country and emphasized that the summit environment and local hospitality contributed to his sense of security. He also asked the audience if they felt safe, receiving an enthusiastic affirmation.

During his visit, Johnson commended Governor Hope Uzodimma and the Imo State Government for their development initiatives, particularly efforts to provide 24-hour electricity. He highlighted the potential of Nigeria as a hub for innovation and economic growth, noting the opportunities presented by emerging technologies such as artificial intelligence.

While his statements have been welcomed by some as a boost to international confidence in Nigeria, analysts caution that the former prime minister’s experience reflects only a controlled and secure environment within Imo State. Several parts of the country continue to face challenges, including banditry, communal conflicts, and kidnappings.

Nonetheless, Johnson’s visit and remarks are significant, sending a positive message to investors and global observers about Nigeria’s potential for stability and progress. They also underscore the contrast between localized experiences of safety and broader security challenges across the country.

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Dangote to Uzodimma: Just show me where to invest

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Dangote

By Emmanuel Iheaka, OWERRI

The President of Dangote Group, Aliko Dangote has assured Governor Hope Uzodimma of Imo State that his group will be one of the biggest investors in the state.

Dangote gave the assurance at the opening session of the Imo Economic Summit 2025 in Owerri on Thursday.

The renowned Africa’s industrialist urged Uzodimma to indicate his preferred area of investment and forget the rest.

Dangote described the Imo governor as a personal friend of decades and commended him for providing enabling environment for investment.

“We will be one of your biggest investors in Imo. So, please tell me the area to invest and we will invest”, Dangote declared.

He called on entrepreneurs to always invest at home, adding that foreigners cannot drive the economy of any nation more than the nationals.

“What attracts foreign investors is a domestic investor. Africa has about 30 percent of the world’s minerals. We are blessed,” he submitted.

Dangote reiterated that his refinery was set to launch 1.4 million barrels per day capacity, the highest for any single refinery in the world.

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Fabergé egg given as Easter gift to mother of Russia’s last emperor sells for record £22.9m

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A diamond-encrusted Fabergé egg that Russia‘s last emperor gave to his mother as an Easter gift has sold for nearly £23million.

Tsar Nicholas II gifted the Winter Egg to Dowager Empress Maria Feodorovna in 1913, five years before he was murdered along with his wife and children after the Russian Revolution.

 

Tsar Nicholas II

Dowager Empress Maria Feodorovna

 

 

The egg went under the hammer at Londonauction house Christie’s yesterday.

An unnamed buyer stumped up £22,895,000, smashing the previous global record of £8.9million that was set in 2007 when the famous Rothschild Egg was sold.

Carved from delicate rock crystal, the Winter Egg is an icy-looking orb studded with around 4,500 rose-cut diamonds, and stands at only five-and-a-half inches (14 centimetres) tall.

Carl Fabergé, the master jeweller whose creations bedazzled Russia, created 50 Imperial Easter Eggs for the then-ruling Romanov family over a 31-year period, making them incredibly rare and valuable.

They were commissioned as Easter gifts in a tradition started by Tsar Alexander III in the 1880s.

Nicholas II, Alexander’s son, had an annual standing order for two Easter eggs to be made for his mother and his wife, until the fall of the Romanovs in the 1917 Russian Revolution.

A diamond-encrusted Fabergé egg that Russia ‘s last emperor gave to his mother as an Easter gift has sold for nearly £23million

 

Today, only 43 of the Imperial Easter Eggs remain, with seven missing.

The ‘exquisite’ Winter Egg had a pre-sale estimate of more than £20million.

Christie’s Margo Oganesian said: ‘Today’s result sets a new world auction record for a work by Faberge, reaffirming the enduring significance of this masterpiece.’

She added the sale celebrated ‘the rarity and brilliance of what is widely regarded as one of Faberge’s finest creations, both technically and artistically’.

The imperial eggs have enjoyed renewed interest on the art market in recent decades, mainly among wealthy Russians keen to acquire a piece of their country’s history.

Beyond its opulence, it is the ‘technique and craftsmanship’ that makes the Winter Egg exceptional, according to Ms Oganesian.

‘The Winter Egg is truly one of the rarest items that you can find,’ she explained. ‘It’s really hard to comprehend how Faberge created it.’

The egg and its base are sculpted from crystal featuring diamond-encrusted platinum snowflakes.

Carved from delicate rock crystal, the Winter Egg is an icy-looking orb studded with around 4,500 rose-cut diamonds, and stands at only five-and-a-half inches (14 centimetres) tall. Inside, it contains a bouquet of flowers made of white quartz anemones held by gold wire stems, gathered in a platinum basket

The egg and its base are sculpted from crystal featuring diamond-encrusted platinum snowflakes

 

Tsar Nicholas and his wife, Empress Alexandra, with their five children. They were all murdered in 1918

 

Inside, it contains a bouquet of flowers made of white quartz anemones held by gold wire stems, gathered in a platinum basket.

Like many other Romanov possessions, the egg bears witness to Russian history. It was transferred from Saint Petersburg to Moscow in 1920 after the revolution.

As with many other Imperial Eggs, it was sold by the Soviet government to generate foreign currency and was acquired by London jeweller Wartski between 1929 and 1933, according to Christie’s.

The Winter Egg was subsequently part of several British collections but was considered lost from 1975, the auction house said in an essay attached to the sale lot online.

‘For 20 years, experts and specialists lost sight of it until 1994, when it was rediscovered and brought to Christie’s for sale in Geneva,’ said Ms Oganesian.

Eight years later, in 2002, it was sold again for a record $9.6 million in New York.

 

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