Headline

US Oil Imports From Nigeria To Drop As Trump Plans Energy Emergency Order

Published

5 months ago

January 21, 2025

The President Trump planned an executive order and declaration of a national energy emergency, targeted at enhancing the United States oil and gas production could impact on Nigeria’s oil demand and revenue generation.

This was even as prices of oil, including Nigeria’s Bonny Light dropped to $80 per barrel from $83 per barrel, yesterday, as traders await U.S. President-elect Donald Trump’s inauguration in the hope of some clarity on his policy agenda.

However, the United States used to import a bulk of its crude oil from Nigeria, but the commencement of shale oil, deliberate government policy and other factors, reduced the nation’s oil and gas import in recent times.

Despite the reduction, recent data indicated that the United States oil and gas import from Nigeria was worth $4.73 billion in 2023.

According some experts, the revenue would likely decrease in 2025 and beyond following President Trump executive order and declaration of a national energy emergency.

In an interview with Vanguard, an economist and Chief Executive Officer, Centre for the Promotion of Private Enterprise, CPPE, Dr Muda Yusuf, said: “Naturally, if investments in oil and gas increase in the United States and the US of course is a major oil producer that will increase the global supply. If global supply increases, energy prices are likely to fall.

“So, if energy prices fall, of course, that has implications for our own revenue. So it’s likely to negatively impact on our oil price, on our oil revenue but it may be positive for businesses because a reduction in crude oil price or commodity or global oil price typically reduces the cost of petroleum products, including the Premium Motor Spirit, PMS, also known as petrol, diesel and jet fuel.

“However, it’s a double-edged sword as changes, if the price increases; it will favour the government and penalize the private sector, who uses energy. If the price drops, it penalizes the government and benefits the citizens and investors because their energy costs will drop.

“That is one implication of the Trump presidency. The second implication is, if he’s able to calm down the situation between Russia and Ukraine. Russia is a major oil producer as well, a major gas producer.

“So, he’s able to calm down Russia and Ukraine and he has the potential to do that because it is part of the commitment that he has made.

“If he’s able to do that, then we are likely to see more production of oil. We are likely to see the lifting of sanctions on Russia and if that happens, oil production will increase and prices will fall. Again, that will affect revenue negatively, but it will benefit businesses because cost of energy will drop.

“So, that is the nexus for me between what is happening with Trump policies and our domestic economy, especially the oil and gas sector.”

On his part, a Port Harcourt-based energy analyst, Dr. Bala Zakka, said: “Major importers from Nigeria, indirectly encourage our nation to be lazy, exporting crude oil instead of processing to add more value to the economy.

“I strongly believe that by reducing importation through his policies, President Trump would encourage increased refining in Nigeria and other African nations. We need to expand our refining capacity to refine more petroleum product and derivatives, capable of adding value to the domestic economy.”

Also, the National President of Oil and Gas Service Providers Association of Nigeria, OGSPAN, said: “Every nation continuously reviews its environment and takes decisions on the best ways and means to grow its economy. Nigeria should do the same in order to reduce dependence on oil and other economies.”

Meanwhile, the Petroleum Products Retail outlets Owners Association of Nigeria, PETROAN, has assured consumers that the coming on stream of the Dangote Refinery and the NNPC Limited owned Port Harcourt refinery would ensure easy flow of petrol during the Yuletide season.

PETROAN in a statement by its National Public Relations Officer, Dr Joseph Obele said the petrol supply agreement reached with the 650,000 barrels per day Dangote Refinery would avert any possible shortage of premium motor spirit during the period.

This, according to Dr Obele, is due to the efforts of PETROAN distribution technical committee incharge of planning and execution of zero-fuel scarcity strategy.

“We are happy that Nigerians are going to travel effortlessly during this period of the year”, the Group added.

Recall that the National President of PETROAN, Dr Billy Gillis-Harry, on Monday 2nd December 2024 led the negotiation team of the association to a fruitful strategic business meeting with the management of Dangote Refinery in Lagos.

PETROAN noted that the “sealing of a transactionary deal with Dangote Refinery was the aftermath of a successful buyer-seller negotiation and agreement secured by PETROAN at the strategic meeting.

“PETROAN National President commended the Vice President of Dangote group & Managing Director of Dangote Refinery, Mr. Devakumar V. G. Edwin, for his cooperation and strategies deployed so far to make petroleum products available to all Nigerians throughout the end of year festivities and beyond.”
VANGUARD

Headline

Fire Guts Nigerian Pilgrims’ Hotel In Makkah

Published

13 hours ago

June 7, 2025

Editor

The Imaratus Sanan Hotel on Shari Mansur Street in Makkah, which accommodates about 484 Nigerian pilgrims, was today gutted by fire while the pilgrims and others from around the world were at Mina performing their Hajj rites.

Nigerian pilgrims, like others globally, had departed Makkah for Mina — also known as Tent City — on Wednesday for the five-day Hajj observance. At the time of the fire, the pilgrims were on the second day of the stoning ritual at Jamarat.

The fire guts hotel in Makkah incident, according to a statement made available to Sunday Tribune by the Assistant Director, Information and Publication, National Hajj Commission of Nigeria (NAHCON), Fatima Sanda Usara, occurred around 12 noon Saudi Arabian time (10 a.m. Nigerian time) on Saturday, June 7, 2025.

Usara disclosed that the affected pilgrims were from six Nigerian private tour operator companies and confirmed that no lives were lost in the fire.

“The National Hajj Commission of Nigeria (NAHCON) regrets to inform the public of a fire incident that occurred earlier today, Saturday, 7th June 2025, around 12:00 noon (KSA time), at one of the hotels accommodating Nigerian pilgrims on Shari Mansur Street in Makkah,” she said.

“The affected hotel, Imaratus Sanan, was hosting about 484 pilgrims from six Nigerian private tour operator companies. Thankfully, no lives were lost, and all pilgrims are safely in Mina. Immediate emergency response by Saudi authorities and the hotel management helped to contain the fire swiftly and prevent it from spreading throughout the building,” she added.

NAHCON Chairman/CEO, Professor Abdullahi Saleh Usman, led a delegation to the site of the incident to assess the extent of the damage and ensure the welfare of the pilgrims.

“Following the incident, the Chairman/CEO of NAHCON, Professor Abdullahi Saleh Usman, alongside Commissioner for Policy, Personnel Management and Finance, Alhaji Aliu Abdulrazak, and Deputy Makkah Coordinator, Director Alidu Shutti, promptly visited the location to evaluate the situation and ensure that the welfare of the affected pilgrims is prioritized,” the statement read.

During the visit, Professor Usman expressed concern and ordered the immediate relocation of the affected pilgrims to a new hotel. He assured them that the commission would provide every possible support to cushion the impact of the incident.

“He thanked Almighty Allah that no life was lost in this unfortunate incident and promised that NAHCON would collaborate with the affected tour operators to ensure the smooth resettlement of the pilgrims,” Usara stated.

The Chairman and his team have since inspected the new accommodation, and arrangements for the pilgrims’ resettlement have been finalized.

She further noted that both Professor Usman and Commissioner Abdulrazak commended the prompt response of Saudi emergency services and the cooperation of the hotel staff in controlling the situation.

Reports reaching Sunday Tribune indicate that the fire guts hotel in Makkah caused considerable structural damage, but NAHCON has secured alternative accommodation where the pilgrims will be housed upon their return to Makkah on Sunday.

Headline

Elon Musk Deletes Post Claiming Trump Was ‘In The Epstein Files’

Published

13 hours ago

June 7, 2025

Editor

Elon Musk has deleted a controversial tweet in which he claimed—without offering evidence—that US President Donald Trump appeared in documents related to convicted sex offender Jeffrey Epstein.

The Tesla and SpaceX founder’s post, made on Thursday, alleged that Trump was named in the Epstein files. The accusation, unsubstantiated at the time, quickly ignited a political firestorm.

Responding to the claims in an interview with ABC News, Trump lashed out at the billionaire, saying Musk had “lost his mind.”

The clash marks a dramatic escalation in tensions between the two once-close allies.

It follows Musk’s suggestion of launching a new political faction in the United States, tentatively dubbed the “American Party.”

The idea was floated in a poll to his 220 million followers on X (formerly Twitter), where 80 per cent of respondents supported the proposal.

“This is fate,” Musk commented.

Musk’s shift comes as he fiercely criticised the president’s flagship economic proposal, which he labelled the “Big, Beautiful Bill.”

He warned the policy could explode the national debt by $2.4 trillion (£1.8 trillion), undermining his own reform work while leading the now-defunct Department of Government Efficiency (DOGE).

Musk has even called for Trump’s impeachment, suggesting he be replaced by Vice President JD Vance—a bold move just days after stepping down from DOGE.

Trump dismissed the criticism, claiming Musk’s opposition stemmed from cuts to electric vehicle incentives included in the bill.

He added that a full review of Musk’s substantial federal contracts, including $22 billion (£16.2 billion) in agreements with SpaceX, may now be necessary.

In a symbolic jab, sources say the president is considering selling a Tesla vehicle he previously purchased.

The public feud has already had financial consequences.

Tesla shares tumbled 14.3 per cent on Thursday, wiping out approximately $150 billion (£111 billion) in market value.

The high-profile rift continues to develop amid rising tensions in US politics and speculation about third-party movements ahead of the next presidential election.

(THE STANDARD)

Headline

US: Over 100 Dogs Rescued From Suspected ‘Puppy Mill’ In North Carolina

Published

13 hours ago

June 7, 2025

Editor

Over 100 dogs have been rescued from what appears to be a puppy mill operating out of a home in North Carolina, according to the SPCA of Wake County.

The shelter said the dogs were kept in “egregious conditions,” and many are now receiving treatment for severe health issues.

“Many of the dogs are being treated for skin and dental issues,” the SPCA reported in a social media post on Friday. They also described dogs with “matted dirty fur” coming off in “heaps.”

“This is the biggest moment in these dogs’ lives, and we are feeling so grateful to be a part of their healing,” the shelter added.

The rescue operation took place on Thursday in coordination with Raleigh Animal Control.

“They were housed in egregious conditions, surrounded by their own waste, packed 5 or 6 to a cage and stacked floor to ceiling, or free roaming in cramped quarters and filth,” the SPCA stated.

Following their removal, the dogs were given immediate care and a much-needed break from the conditions they were trapped in.

“They’ve been getting the spa day of their lives — and their first taste of fresh air, possibly ever,” the organization said.

Among the rescued animals were numerous mother dogs nursing their puppies.

Nineteen of the dogs are not currently in the shelter’s direct care, but assessments and treatment are ongoing.

To support the massive rescue and rehabilitation effort, Care First Animal Hospital has pledged to match donations up to $150,000 in veterinary services.

Photos shared by the SPCA on Facebook show the rescued dogs and puppies beginning their journey toward recovery, marking a hopeful turn after enduring horrific neglect.

(ABC News)