News
Billionaire Indimi’s Oriental Oil join league of petroleum product producers in Nigeria
Billionaire Indimi’s Oriental Oil join league of petroleum product producers in Nigeria
By: Bodunrin Kayode
Oil magnate Muhammadu Indimi’s Oriental Energy Resources is set to join the league of petroleum refiners in Nigeria even as his Floating Production, Storage, and Off loading (FPSO) vessel is set to start production when it arrives Nigeria.
The facility which was assembled by
Drydocks World, a Dubai Port (DP) World company, part of a global smart-trade enabler that operates an integrated logistics and supply chain network across Africa and worldwide, carried out a comprehensive refurbishment and conversion of the vessel at its Dubai facility.
The project involved major structural modifications, full marine system upgrades, and the installation and integration of 19 topside production and utility modules, transforming the former oil tanker into a fully operational offshore production unit.

Commissioned by World Carrier Corporation (WCC) on behalf of Oriental Energy Resources Limited (OERL), the FPSO will support production at the Okwok oil field in Nigeria’s offshore Petroleum Mining Lease 15.
Once operational, the FPSO will be able to process up to 70,000 barrels of total liquids per day, manage roughly 15 million standard cubic feet of gas daily and store up to one million barrels of crude oil.
Designed to operate continuously for up to 15 years without dry docking, the vessel is expected to begin production in 2026.
Reacting to the development, Borno State Governor, Professor Babagana Zulum described the Floating Production, Storage, and Offloading (FPSO) vessel as a landmark achievement for Nigeria’s industrial and technological advancement.
Governor Zulum stated this at the sail away ceremony of the EMEM Floating Production, Storage, and Offloading Vessel (FPSO), held at the Drydocks World facility in Dubai, which marked the completion of the vessel, now set to arrive Nigeria.
“The sail away of the EMEM FPSO is more than an engineering feat,” the Governor stated. “It is a powerful statement of confidence in Nigeria’s energy future and a reflection of what homegrown enterprise can achieve when guided by vision, discipline, and excellence.”
He began his remarks by thanking the Government and People of Dubai for their hospitality, noting that hosting the milestone in the UAE “underscores the strength of our mutual commitment to innovation, trade, and sustainable development.”
The EMEM FPSO, a $315 million facility, is the first FPSO to be fully financed by an indigenous Nigerian company, Oriental Energy Resources Limited.
“This achievement does not only contribute to national output, it reinforces our collective belief that Nigeria’s private sector has the capacity to drive growth, create jobs, and compete globally.” said Zulum.
Upon its deployment to Petroleum Mining Lease (PML) 15, the FPSO is expected to boost Nigeria’s oil production and enhance national revenue, aligning with the economic diversification goals of President Bola Tinubu’s Renewed Hope Agenda.
Governor Zulum concluded that the project’s success reflects the “resilience, innovation, and self-reliance” that define ongoing efforts to rebuild Borno State.
“It inspires confidence that, with determination and partnership, Nigeria’s best days lie ahead,” he said.
The event was graced by the Governor of Adamawa, Ahmadu Fintiri and his Akwa Ibom state counterpart, Umo Eno; Billionaire Indimi, Ambassador Babagana Kingibe; Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri and representative of the Chief Executive, Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
Billionaire Indimi’s Oriental Oil join league of petroleum product producers in Nigeria
News
Foundation donates N10m to Gombe market fire victims
Foundation donates N10m to Gombe market fire victims
By Peter Uwumarogie
A Non-Governmental Organsation known as Velocity Humanitarian Foundation, on Friday, donated N10 million to support victims of Monday night’s fire, which razed the Gombe Timber Market.
Chairman of the foundation, Malam Adamu Ibrahim who presented the cheque to the leadership of the market on Friday, also sympathised with victims of the inferno.
He said that the incident had drawn the attention of the organisation’s founder Engr. Aliyu Mohammed, who consequently, directed an extension of the support.
According to him, the foundation is focused on impacting lives, adding that the fire incident had compelled the organsation to extend support to victims in line with its objectives.
He also called on well meaning Nigerians within and outside the state, to assist the victims in view of their huge investment lost to the fire.
In response, Chairman of the state’s Timber Sellers Association, Malam Mohammed Ahmadu,, thanked the organisation for extending the gesture, at a time it was most required.
Ahmadu also described as encouraging, the support and well wishes from many residents who had come to sympathetise with them since the incident.
“This N10 million is well appreciated because we need all the support we can get to ameliorate the sufferings of our members since the fire outbreak.
“We thank the founder of the Foundation, Engr Mohammed and their staff, for this donation; we will always remember this good gesture done to us,” he said.
Meanwhile, Ahmadu said that the association had resolved to acquire a transformer specifically for use of members, which will be turned off after business hours to prevent a reoccurrence of electricity-related fire.
The News Agency of Nigeria (NAN) reports that the fire outbreak destroyed over 60 shops and goods worth millions.
Foundation donates N10m to Gombe market fire victims
News
NAF C-130 aircraft, crew arrive Accra en route to Portugal, receive warm reception
NAF C-130 aircraft, crew arrive Accra en route to Portugal, receive warm reception
By: Zagazola Makama
A Nigerian Air Force (NAF) C-130 aircraft and its crew have arrived at the Air Force Base in Accra, Ghana, after departing Bobo-Dioulasso in Burkina Faso earlier on Friday.
Zagazola reliably gathered that the aircraft is scheduled to proceed to Portugal on Saturday as planned for a flight maintenance mission, official sources said.
On arrival in Accra, the NAF crew and aircraft were received by officials of the Ghana Air Force and representatives of the Nigerian Embassy in Ghana.
A defence source told Zagazola that the reception illustrated the cordial military-to-military relations and longstanding diplomatic ties between Nigeria and Ghana.
We in Nigeria, extend our appreciation to the Ghanaian Government and diplomatic officials for the warm reception and support extended to the Nigerian NAF crew.
NAF C-130 aircraft, crew arrive Accra en route to Portugal, receive warm reception
News
Gombe Govt restates commitment to MSMEs growth
Gombe Govt restates commitment to MSMEs growth
The Gombe State Government, on Friday engaged stakeholders in the finance sector towards easing access to credit and ensuring the growth of Micro, Small and Medium Enterprises (MSMEs) in the state.
Malam Muhammad Magaji, the state’s Commissioner of Finance and Economic Development stated this in Gombe while declaring open the State Action on Business Enabling Reforms (SABER) Programme, themed: “Guide to Access Credit”.
Magaji said that the meeting was aimed at creating an environment conducive for business growth by removing the bottlenecks around accessing finance.
He said that the administration of Gov. Inuwa Yahaya of Gombe State has prioritised the development of businesses and industries to drive economic prosperity for the state, create jobs and improve the wellbeing of residents.
Magaji who was represented by Mr Jalo Ibrahim, the Permanent Secretary, Ministry of Finance and Economic Development said that the state is now more deliberate in supporting small business owners to grow.
According to him, Yahaya-led administration’s commitment to MSMEs growth is to ensure inclusive growth of the economy in view of the role of such small businesses to economic transformation.
“We are engaging the financial institutions and relevant stakeholders to see how we can remove the barriers affecting access to credit to SMEs in the state.
“This is part of the current administration’s commitment to strengthening access to loan facilities that would give life to small businesses and help more youths start up businesses.
“We are very committed as a government to see to it that we provide all the needed supports to make doing business in Gombe State easy.
“Government will inject more money into the system to serve as collateral for business owners and also serve as guarantor to those who are willing to access finance,” he said.
On his part, Alhaji Nasiru Aliyu the Commissioner for Trade, Industry, and Tourism,
Gombe State restated the state government’s commitment to industrialising the state and attracting investors.
Aliyu said that Yahaya’s administration had invested a lot to boost industrial growth and turn the state into the industrial and evonomic hub of North East.
Mr Kabiru Tsoho, the SABER focal person for Gombe State said that the SABER Programme is a World-Bank project aimed at easing businesses towards accelerating the growth of the economic sector.
Tsoho said the engagement would help remove impediments to accessing finance and encouraging business growth.
“This will help improve business environment and encourage investment which would provide more opportunities for jobs to be created and for economic empowerment of women and youths,” he said.
Mr Sanusi Abdullahi, Chairman, Traders Association of Nigeria, Gombe State chapter commended the initiative by the state government and World Bank to make doing business easy.
Abdullahi said with improved access to loans, there would be more youth employment and improvement in the standard of living of residents of the state.
Gombe Govt restates commitment to MSMEs growth
-
News2 years agoRoger Federer’s Shock as DNA Results Reveal Myla and Charlene Are Not His Biological Children
-
Opinions4 years agoTHE PLIGHT OF FARIDA
-
News8 months agoFAILED COUP IN BURKINA FASO: HOW TRAORÉ NARROWLY ESCAPED ASSASSINATION PLOT AMID FOREIGN INTERFERENCE CLAIMS
-
Opinions4 years agoPOLICE CHARGE ROOMS, A MINTING PRESS
-
News2 years agoEYN: Rev. Billi, Distortion of History, and The Living Tamarind Tree
-
ACADEMICS2 years agoA History of Biu” (2015) and The Lingering Bura-Pabir Question (1)
-
Columns2 years agoArmy University Biu: There is certain interest, but certainly not from Borno.
-
Opinions2 years agoTinubu,Shettima: The epidemic of economic, insecurity in Nigeria
