upscalemedia-transformed (1)

Author name: Paulbern

CSR

Miss Steph Queens Courtesy Visit to Our Esteemed Sponsors

/

Miss Steph Queens Courtesy Visit to Our Esteemed Sponsors As part of our ongoing efforts to strengthen partnerships and express our heartfelt gratitude, the Miss Steph Queens paid a courtesy visit today to two of our generous sponsors. Our first stop was at the office of Chief Masseri of Danelec Ltd, where we extended our sincere thanks for his unwavering support of the Miss Steph Pageant. His contributions continue to inspire and drive the impactful work we do. Next, we visited Mr. Emmanuel of Strucpipe Ltd, who warmly welcomed us. He expressed his admiration for the work of our foundation and encouraged the Queens to continue leveraging their platforms for meaningful societal change. In a gesture of kindness and generosity, Mr. Emmanuel also transferred the sum of ₦20,000 to support lunch for our team—a truly thoughtful and humbling act.   We are immensely grateful for the encouragement and generosity of our sponsors, who make it possible for us to continue our mission of empowerment and advocacy. Stay tuned as we continue with our sponsor visits and join us in celebrating these partnerships that are making a difference! View News Source Speak With Us

CSR

Introducing the New Queens of Miss Steph Pageant 2025!

/

Introducing the New Queens of Miss Steph Pageant 2025! We are delighted to unveil the radiant new set of Queens for the Miss Steph Pageant 2025! These exceptional women embody grace, intelligence, and a commitment to making a difference. As they step into their reign, they carry the torch of our prestigious brand, ready to inspire, empower, and create meaningful impact in their communities and beyond. Join us in celebrating their journey as they represent beauty with purpose. We wish our queens a reign filled with remarkable achievements, unforgettable memories, and success in every endeavor. Here’s to a year of excellence and inspiration! Long live the Miss Steph Queens 2025! View News Source Speak With Us

Business, Oil and Gas, Uncategorized

Sahara Group GMD backs Tinubu’s energy reforms

/

Sahara Group GMD backs Tinubu’s energy reforms The Managing Director of Sahara Group, Kola Adesina, has expressed strong confidence in the energy sector reforms introduced by President Bola Tinubu’s administration. This was contained in a statement on Thursday by the President’s Special Adviser on Information and Strategy, Bayo Onanuga. Onanugas said in an interview for a forthcoming State House TV documentary marking the president’s second year in office, Adesina praised the government’s efforts to improve transparency, regulatory clarity, and investor confidence in the petroleum and power sectors. “The most significant shift I have seen—without a doubt—has been the government’s willingness to confront the long-term inefficiencies within the petroleum sector. President Bola Ahmed Tinubu’s courage in removing the fuel subsidy and market distortions hasn’t been rivalled in the history of Nigeria,” Adesina said. According to him, the removal of the fuel subsidy has helped create a more sustainable energy environment and enabled better planning by businesses and policymakers. “The energy sector today is stronger and more sustainable. We can now plan. The macro and micro elements are beginning to work together, and there’s strong potential for long-term benefits,” Adesina added. He noted that investors now enjoy fairer competition and more predictable market conditions. “For us, it’s about the free market, open market, and transparency. Nothing beats that. When there’s no clarity or consistency, investment becomes difficult. But now, we know how to price. It’s open to everyone in the market—whether investing or buying—and you know reform is here and guiding every process,” he stated. Adesina also commended the implementation of the Petroleum Industry Act (PIA), describing it as a “game-changer” for the sector. “PIA is now easier to relate with—unlike before when policy inconsistencies were the order of the day. Private sector players like us want to invest with the confidence that policy won’t change after we’ve committed scarce resources,” he said. On the power sector, the Sahara Group GMD said the government had made progress in resolving longstanding financial obligations and boosting investor morale. “We’ve seen movement on the payment of legacy debts, especially in the power sector. Once the government clears those debts, new investors will come in, and existing ones—like us—will deepen our investments. There’s life in the business again,” Adesina added. He also spoke on Nigeria’s energy transition plans, saying the president’s push for gas-to-power and compressed natural gas (CNG) adoption was already yielding results. He said, “CNG is now the order of the day—the President has made that a focal point. The carbon credit scheme is also expanding.” Adesina concluded that the Tinubu administration had laid a strong foundation for long-term gains in the energy sector, even if short-term challenges persist. “We’ve had a very complex situation, and while the road ahead won’t be easy in the short term, things will improve. The foundation has been laid. It’s being worked on and re-engineered to ensure that prosperity can truly be democratised and felt by the last man, at the last mile,” he concluded. View News Source Speak With Us

Business, Oil and Gas

We ‘ll resume oil drilling up north says  NNPC Ltd, GCEO

/

Oil drilling to resume in North, says NNPCL GCEO The Group Chief Executive of the Nigerian National Petroleum Company Limited, Bayo Ojulari, has disclosed that the state-owned energy firm would resume oil drilling in the northern part of the country. Ojulari stated this in an interview with BBC News Hausa on Monday, as this comes over two years after the past administration of former President Muhammadu Buhari launched the crude oil drilling project on the border of Bauchi and Gombe states. Ojulari said the suspended project will be resumed under his leadership. Recall that northerners had expressed joy over the plan by President Buhari to turn the region into an oil-rich zone like the Niger Delta. But the project failed to continue for undisclosed reasons. But the new GCEO of the NNPC, Ojulari, urged residents of the region to calm down because the national oil firm will return to work, he told the BBC. “We will continue with the oil drilling in Kolmani and other places. After the oil drilling, we will also ensure that we complete the gas pipeline from Ajaokuta to Kano,” Ojulari said. According to him, these projects will allow previously closed companies to reopen so they can continue operating and open new ones. “This will bring benefits to the region, which will lead to everyone benefiting because wealth will increase. Therefore, we must return and continue this project,” he said. Also, recall that in November 2022, Buhari launched a crude oil drilling project in the Kolmani area on the border of Bauchi and Gombe states in the northeast of the country, marking the first time that oil drilling had begun in the north. After this, the NNPCL announced that crude oil drilling in Nasarawa State, located in the north-central part of the country, would commence in March 2023. However, this has yet to take place since then, even as Nigerians demand an explanation for the suspension of the project. In the interview, Ojulari added that he is also a northerner, expressing surprise over the reaction of some northerners when his appointment was announced. He asked the northerners and the entire country to support him and to help him with prayers to successfully move the region and the country forward. View News Source Speak With Us

Oil and Gas

Nigeria’s 27th crude oil grade, Obodo medium sweet crude blend enters global market

/

Nigeria 27th crude oil grade, Obodo medium sweet crude blend enters global market Nigeria’s crude oil portfolio has expanded with the official entry of the Obodo crude blend into the global oil market in May 2025. The new medium sweet grade marks Nigeria’s 27th distinct crude oil stream, further strengthening its position as a key player in the international energy landscape. According to reports gathered , the addition of Obodo Blend enhances Nigeria’s diverse crude offerings, which already include some of the world’s most sought-after grades such as Bonny Light, Forcados, Qua Iboe, Brass River, and Escravos. Other notable Nigerian crude grades now include,  Agbami, Akpo, Bonga, Erha, Usan, Yoho, Pennington Light, Antan Blend, Ukpokiti, Okwori, Okono, EA Blend, Oso Condensate, Egina, Odudu Blend, Amenam, Ima, Obiafu-Obrikom, Okoro, Ukpan, and Utapate. Engr. Gbenga Komolafe, Commission Chief Executive (CCE) of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), confirmed the entry of the Obodo crude blend into the international market in a statement congratulating Conoil Producing Limited on the successful shipment of the first cargo. The statement, obtained by our reporter states   According to the NUPRC’ CCE, the milestone marks a significant breakthrough for Nigeria’s upstream sector, showcasing the growing capacity of indigenous operators to contribute meaningfully to national crude oil production and exports. He stated, “The introduction of the Obodo crude blend further diversifies Nigeria’s export portfolio and aligns with the Commission’s strategic objectives to enhance production output, maximize hydrocarbon resources, and attract investment through operational efficiency and innovation. “This achievement by Conoil, under the Production Sharing Contract (PSC) framework with the Nigerian National Petroleum Company Limited (NNPCL), also reflects the positive outcomes of collaborative regulatory support, enabling indigenous players to thrive.” Engr. Komolafe emphasized that as the regulator of Nigeria’s upstream petroleum industry, the NUPRC remains committed to providing a transparent, predictable, and investment-friendly environment that encourages the development of new crude streams and ensures optimal value for the Nigerian people. He reiterated the Commission’s commitment to supporting similar milestones that advance national energy security and economic resilience. In  a data obtained from Argus Media, a platform that provides market data and price assessments for global industries, showed that the medium sweet Obodo crude has a gravity of 27.65° API and a sulphur content of 0.05%, according to an assay seen by the company. Argus noted that the grade is likely to be priced in line with Nigeria’s medium sweet Bonga crude. It was  further gathered that Conoil Producing Limited and Continental Oil & Gas Limited operate the Obodo field as part of a joint venture under the Production Sharing Contract (PSC) framework with the Nigerian National Petroleum Company (NNPC) Ltd for Oil Mining Lease (OML) 150. It will be recalled that in August 2024, NNPC Ltd also introduced the Utapate crude oil blend, another new crude grade, into the international market. Meanwhile , the NUPRC, in its data released on Monday, titled “Crude Oil and Condensate Production April 2025,   revealed that Nigeria’s total daily production climbed from 1.603 million bpd in March to 1.683 million bpd in April. A breakdown of this showed that the country pumped an average of 1,485,700 barrels of crude oil per day (bpd) in April, a 6.06% increase from March’s production level of 1,400,783 bpd. The volume of condensate—an ultralight hydrocarbon similar to crude oil—dropped from 202,217 bpd in March to 197,300 bpd in April. View News Source Speak With Us

Scroll to Top