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

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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.

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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.

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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.

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“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.

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READ ALSO: Trump Vows To ‘Tariff And Tax’ Foreign Countries

“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.”

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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.”

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READ ALSO: VIDEO: Pastor Kumuyi Prays At Trump’s Inauguration Event

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.

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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.

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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

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JUST IN: Canadian Court Declares APC, PDP Terrorist Organisations

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The Federal Court of Canada has upheld a ruling that classified Nigeria’s two major political parties, the All Progressives Congress, APC, and the Peoples Democratic Party, PDP, as terrorist organisations, while denying asylum to a former member, Douglas Egharevba, over his decade-long affiliation with both parties.

In a judgment delivered on June 17, 2025, Justice Phuong Ngo dismissed Egharevba’s application for judicial review after the Immigration Appeal Division, IAD, found him inadmissible under Canada’s Immigration and Refugee Protection Act, IRPA.

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According to the Peoples Gazette, the Minister of Public Safety and Emergency Preparedness had argued that the APC and PDP were implicated in political violence, subversion of democracy and electoral bloodshed in Nigeria.

Court records showed that Egharevba was a PDP member from 1999 to 2007 before joining the APC, where he remained until 2017. He moved to Canada in September 2017 and disclosed his political history.

READ ALSO:Britain, Canada, France Warn Israel Over ‘Egregious Actions’ In Gaza

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Canadian immigration authorities flagged his affiliations, citing intelligence reports linking both parties to electoral violence and politically motivated killings.

The IAD based its decision largely on the PDP’s conduct during the 2003 state elections and 2004 local government polls, when the party allegedly engaged in ballot stuffing, voter intimidation and killing of opposition supporters.

The tribunal found that the party leadership benefited from the violence and took no action to stop it, meeting Canada’s legal definition of subversion under paragraph 34(1)(b.1) of the IRPA.

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Justice Ngo affirmed that mere membership in an organisation linked to terrorism or democratic subversion is enough to trigger inadmissibility under paragraph 34(1)(f) of the IRPA, even without proof of personal involvement.

READ ALSO:Canada-based Nigerian Arrested Over $610,382 Romance Scam

Egharevba’s claim that political violence was widespread across all Nigerian parties was dismissed.

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The court ruled that even flawed Nigerian elections constitute a democratic process under Canadian law and that undermining them qualifies as subversion.

The decision effectively ends Egharevba’s asylum claim, with deportation proceedings expected to follow.

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US Approves Sale Of Bombs, Others Worth $346m o Nigeria

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The United States Government has approved a possible Foreign Military Sale to Nigeria of munitions, precision bombs, precision rockets, and related equipment valued at $346 million.

The approval was contained in a statement from the Defence Security Cooperation Agency, dated August 13, but received via email on Thursday.

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The agency said it has notified the US Congress of the potential sale.

“The State Department has made a determination approving a possible Foreign Military Sale to the Government of Nigeria of Munitions, Precision Bombs, and Precision Rockets and related equipment for an estimated cost of $346 million. The Defence Security Cooperation Agency delivered the required certification notifying Congress of this possible sale today, ” the statement partly read.

READ ALSO: FEC Approves N142bn For Construction Of Bus Terminals Six Zones

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Under the request, Nigeria seeks to purchase 1,002 MK-82 general purpose 500-pound bombs; 1,002 MXU-650 Air Foil Groups for Paveway II GBU-12; 515 MXU-1006 Air Foil Groups for Paveway II GBU-58; 1,517 MAU-169 or MAU-209 computer control groups for Paveway II GBU-12/GBU-58; 1,002 FMU-152 joint programmable fuzes; and 5,000 Advanced Precision Kill Weapon System II all-up-rounds.

The Government of Nigeria has requested to buy one thousand two (1,002) MK-82 general purpose 500 lb bombs; one thousand two (1,002) MXU-650 Air Foil Groups (AFGs) for 500 lb Paveway II GBU-12; five hundred fifteen (515) MXU-1006 AFGs for 250 lb Paveway II GBU-58; one thousand five hundred seventeen (1,517) MAU-169 or MAU-209 computer control group (CCG) for Paveway II GBU-12/GBU-58; one thousand two (1,002) FMU-152 joint programmable fuzes; and five thousand (5,000) Advanced Precision Kill Weapon System II (APKWS II) all-up-rounds (AURs) (consisting of one each WGU-59/B guidance section (GS); high-explosive warhead; and MK66-4 rocket motor), ” it stated.

The package also includes non-major defence equipment such as FMU-139 joint programmable fuzes, bomb components, impulse cartridges, high-explosive and practice rockets, integration support, test equipment, and logistical and program support services.

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The DSCA said the proposed sale aims to strengthen Nigeria’s capability to address current and future threats, including operations against terrorist organisations and illicit trafficking in Nigeria and the Gulf of Guinea. It added that the deal will not alter the military balance in the region and will have no adverse impact on US defence readiness.

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The following non-MDE items will also be included: FMU-139 joint programmable fuzes; bomb components, impulse cartridges, and high-explosive and practice rockets; integration support and test equipment; U.S. Government and contractor technical, engineering, and logistics personnel services; and other related elements of logistical and program support. The total estimated program cost is $346 million.

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“This proposed sale will support the foreign policy goals and national security objectives of the United States by improving the security of a strategic partner in Sub-Saharan Africa.

“The proposed sale will improve Nigeria’s capability to meet current and future threats through operations against terrorist organisations and to counter illicit trafficking in Nigeria and the Gulf of Guinea. Nigeria will have no difficulty absorbing these munitions into its armed forces.

“The proposed sale of this equipment will not alter the basic military balance in the region, ” the statement added..

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The principal contractors for the potential sale are RTX Missiles and Defence, Lockheed Martin Corporation, and BAE Systems.

At this time, the U.S. Government is not aware of any offset agreement proposed in connection with this potential sale. Any offset agreement will be defined in negotiations between the purchaser and the contractor. Implementation of this proposed sale will not require the assignment of any additional U.S. Government or contractor representatives to Nigeria.

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“There will be no adverse impact on U.S. defence readiness as a result of this proposed sale.

“The description and dollar value are for the highest estimated quantity and dollar value based on initial requirements. Actual dollar value will be lower depending on final requirements, budget authority, and signed sales agreement(s), if and when concluded, ” the statement concluded.

 

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Israeli Military Intercepts Missile From Yemen

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The Israeli military said on Thursday it intercepted a missile fired from Yemen, with the Iran-backed Huthi rebels claiming responsibility for the attack.

Israel’s army said on Telegram that “the air force intercepted a missile launched from Yemen.

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Huthi military spokesman Yahya Saree later said the group had launched a “Palestine 2 hypersonic ballistic missile” targeting Israel’s Ben Gurion airport.

READ ALSO:Israeli Fire Kills 34 In Gaza

The Yemeni rebels have repeatedly launched missiles and drones at Israel since their Palestinian ally Hamas’s October 2023 attack on Israel sparked the Gaza war.

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The Huthis, who say they are acting in support of the Palestinians, paused their attacks during a two-month ceasefire in Gaza that ended in March, but renewed them after Israel resumed major operations.

Israel has carried out several retaliatory strikes in Yemen, targeting Huthi-held ports and the airport in the rebel-held capital Sanaa.
AFP

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