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SPDC, Belemaoil Resolve Dispute Over OML 25 …Resume Operations In 10 Days

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The Nigerian National Petroleum Corporation (NNPC) with its joint venture partners, Shell Production Development Company, has resolved the protracted dispute with Belemaoil over the operation of Oil Mining Lease (OML) 25.
The feuding group at the signing of the dispute closure agreement in Abuja, yesterday, agreed that operations at the oil well would take off in the next 10 days.
The Minister of State for Petroleum Resources, Chief Timipre Silva, while signing the agreement, thanked all the parties for their understanding, stressing that the step signified the beginning of a new chapter in the industry.
Silva said that the aim of the ministry was to ensure an oil industry that worked and operated in harmony and in unity.
“When I came into the office, the issue was one of the problems that came on the table; there were so many letters from communities complaining about the problem.
“I just decided to invite Shell to hear its own part of the story but fortunately, the Group Managing Director of NNPC, Mele Kyari, had intervened in the matter.
“So, I have the honour now to thank him for this great intervention.
“And also thank Shell and Belemaoil for cooperating to ensure that there is closure on this matter that has bedevilled the industry for so long,” he said.
He said that one of the aims of the petroleum industry was to ensure zero loss in the industry and that production got to its destination.
He said that the biggest beneficiaries of the agreement were not the companies but the communities, especially those in Belema who had been suffering since the beginning of the dispute.
The minister commended the NNPC, Shell and the Belemaoil for agreeing to resolve the dispute.
Earlier, Kyari had said that the development was a big achievement for the corporation.
The NNPC boss said that the dispute around the OML 25 had been on for over two years, adding that the end result was that communities lacked peace.
“For us, the most important aspect of the dispute resolution is that, at least, the communities will have their peace restored.
“At the back of it, you are aware that there is a complete stoppage of petroleum operations around the OML 25 and adjoining blocks.
“What this means is shut down of production of over 35,000 barrel of oil every day in the last two years, and that is an enormous economic loss for all stakeholders, Nigeria and the communities.
“This is why we engaged all stakeholders and we are happy to announce today that the closure on the issue has been obtained”, he added.
He, therefore, directed SPDC to return to full operation of the OML 25 within the next 10 days, and urged the communities to cooperate with the government and SPDC to ensure that the benefits of crude oil production in the area get to all stakeholders, including the people.

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Victory Over Insurgency Certain, Tinubu Assures

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President Bola Tinubu has expressed confidence that the country would win the fight against insecurity.

The President gave the assurance at the Argungu International Fishing Festival in Argungu town, Kebbi State, on Saturday.

He noted that the relative peace currently being enjoyed in Kebbi and neighbouring states was the result of sustained investments in security intelligence, coordination among security agencies, and community engagement.

Tinubu assured farmers and fishermen of sustained federal support to guarantee food security and safety across the country.

“The peace we are witnessing today is not accidental. It is the outcome of deliberate and sustained efforts. I assure you that the fight against banditry, insurgency, and insecurity will be won.

“Our farmers, fishermen, traders, and families will go about their lawful activities without fear,” he assured.

The President commended the organisers of the festival for sustaining the cultural event for decades, noting that it had endured for 83 years despite social and security challenges.

Describing the Argungu festival as a powerful symbol of unity, resilience, and peaceful coexistence, Tinubu stated that it reflects the richness of the country’s culture and the opportunities to harness its natural and human resources for national growth.

He said, “Today, this festival stands as a powerful symbol of unity, resilience, and peaceful coexistence among our people.

“It reflects the richness of our culture, the strength of our traditions, and the opportunities inherent in harnessing our natural and human resources for national development.”

The President was received by a large crowd of residents, traditional rulers, fishermen, tourists, and government officials from across the country.

The President reaffirmed his administration’s commitment to youth and women empowerment, irrigation development, rural electrification, and agricultural productivity.

Earlier, the Kebbi State Governor, Nasir Idris, said his administration was determined to elevate the Argungu Fishing Festival to full international standards while pursuing aggressive development across critical sectors of the state.

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US Embassy, Lagos Consulate Close Today For President’s Day

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The United States Embassy in Abuja and the Consulate General in Lagos will be closed today, in observance of Presidents’ Day.

The mission made this known in a notice shared on its official X page, yesterday.

“The U.S. Embassy in Abuja and the Consulate General in Lagos will be closed on Monday, February 16, 2026, in observance of Presidents’ Day,” the post read.

According to the embassy, Presidents’ Day was originally established to honour the birthday of the former US President, George Washington, but has evolved into a day to celebrate all U.S. presidents and their leadership in shaping the country’s history.

The embassy noted that the holiday also recognises the influence of U.S. presidents on global affairs.

In a related message, the mission highlighted that Washington created the first “Badge of Military Merit,” which later became the Purple Heart. The medal still bears Washington’s image today.

Presidents’ Day is observed on the third Monday of February annually in the United States as a federal holiday.

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Guterres Backs Nigeria’s Bid For UN Security Council Seat …Hails Tinubu’s Reforms, Regional Security Role

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United Nations Secretary-General, António Guterres, has charged Nigeria with spearheading Africa’s quest for a restructured global order, describing the country as uniquely positioned to lead the continent toward superpower status.

Guterres, who backed Nigeria’s bid for the world body’s security council seat, also praised the economic reforms of the President Bola Tinubu-led administration as well as Nigeria’s leadership in stabilising the Sahel and ECOWAS regions, despite facing its own security challenges.

The UN scribe made the remarks last Friday night during a high-level bilateral meeting with Vice President Kashim Shettima on the sidelines of the 39th African Union (AU) Summit in Addis Ababa, Ethiopia.

Speaking during the meeting, Guterres said Nigeria’s large population, sustained democratic governance, vast natural and human resources, and longstanding commitment to multilateralism placed it in a unique position to lead Africa in the evolving global order.

“Given Nigeria’s demographic strength, democratic continuity and deep resource base, the country stands a real chance of leading Africa to becoming the next superpower in the evolving global architecture,” he said.

The UN Secretary-General and the vice president discussed key developments in Nigeria and the country’s expanding leadership role in promoting regional stability across West Africa and the Sahel.

Guterres commended the remarkable and outstanding reforms of the administration of President Tinubu, noting that Nigeria’s bold economic restructuring and security commitments have strengthened its continental standing.

The meeting focused on strengthening Nigeria–UN collaboration to advance global economic growth, peace and security, sustainable development, and a coordinated humanitarian response across Africa.

In his remarks, Shettima thanked the UN Secretary-General for his leadership in advancing global peace, noting that Africa has benefited immensely from his tenure, even as the United Nations undergoes internal restructuring.

“We remain committed to multilateralism and to deepening our partnerships with the United Nations and other global institutions,” the vice president said.

Shettima also reiterated Nigeria’s longstanding call for comprehensive reform of the United Nations system to reflect evolving global realities.

He emphasised that Africa must have stronger representation in global decision-making structures and declared that Nigeria deserves a permanent seat on the United Nations Security Council.

Both leaders pledged to deepen cooperation, with Guterres reaffirming the UN’s support for Nigeria’s reform agenda and its growing leadership role in advancing peace, security, and development across Africa.

 

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