Shell not leaving Nigeria, investing more in deep water — MD - Newstrends
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Shell not leaving Nigeria, investing more in deep water — MD

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Shell not leaving Nigeria, investing more in deep water – MD 

Managing Director, Shell Petroleum Development Company and Chair, Shell Companies in Nigeria, Mr. Osagie Okunbor, has insisted the company is not leaving Nigeria despite moves to divest its onshore assets.

Okunbor spoke on Tuesday during a high-level panel session at the ongoing Nigeria Economic Summit.

He said the company was concentrating more on the deep water where it has significant technological and financial advantage.

‘Fuelling growth: The Future of Oil and Gas’ was the theme of the session.

According to him,  the company is investing more money in Nigeria with a single project in the deep offshore costing as much as $5 billion.

“Shell is not leaving Nigeria. We are not going anywhere and we will be together for a long time. Our onshore assets shares are being divested to a consortium of four companies which had gone through rigorous selection process,” he stated.

He noted that despite pessimism around the industry, Nigeria’s petroleum sector is not in decline.

He said:l, “Let us not go away from here with the thought that our industry is in decline; it is not.

“I make bold to say that since the enactment of the PIA (Petroleum Industry Act), and the supporting regulations, we are actually in a much better place.

“The Presidential directives that have come out are providing the degree of coherence that we hadn’t seen in a long time in the industry.”

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Also speaking at the panel session, the Managing Director, Nigeria Liquefied Natural Gas Limited, NLNG, Mr. Philip Mshelbila, said it had become critical that Nigeria must grow its economy and diversify the economy.

According to him, Nigerians have to lead the drive to achieve both the growth and diversification of the economy.

He said, “If I go back on the need for the economy to grow, it is key that the oil and gas industry participate in that growth as well. We have huge potential and it is important that we diversify.

“But the way that I see diversification in Nigeria is that it needs to be addictive rather than a replacement.

“If you go back to the 50s and 60s, what happened then was that we had agriculture based economy but it then got replaced with oil and gas as the primary driver of the economy. What we are asking for is not a reversal of that but that both must grow.”

He explained that the insecurity in the Niger Delta region has limited the growth of the oil and gas industry, noting that it was responsible for driving international oil companies away from onshore operations.

Mshelbila said this has also impacted the operations of Nigeria LNG with the company’s six trains operating at 62 percent capacity, stressing that Nigeria has not addressed insecurity challenges in Niger Delta.

“To date NLNG has never had problem with financing but our capacity utilisation was in the 40s and year to date our capacity utilisation is 62% which means that roughly about 40 capacities has largely been empty. This is a result of a number of different things; one of them is that investment has slowed over the past decade within the upstream. Coupled with this is the insecurity in the environment,” he stated.

On her part, the Group COO, MRS Holdings, Amina Maina assured that the ongoing petrol shortage in the country would ease in the coming days as more supply comes from the Dangote Refinery.

“I think over the next few days those queues will disappear because I’m aware that there are a lot more products that have come into the system. Dangote Refinery has started selling petrol and I’m aware that trucks are going out and a vessel is currently loading. So by the end of this week we should have more petrol from Dangote Refinery,” she added.

Shell not leaving Nigeria, investing more in deep water — MD

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Nigeria Loses ₦3.6tn to Logistics Inefficiencies as NRC Pushes Integrated Transport System

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Nigeria Loses ₦3.6tn to Logistics Inefficiencies as NRC Pushes Integrated Transport System

 

The Nigerian Railway Corporation has unveiled an ambitious plan to expand Nigeria’s railway network from approximately 4,000 kilometres to 10,000 kilometres within five years.

This is coming as it pushes for an integrated transportation and logistics system to reduce business costs, boost trade and strengthen the nation’s economic competitiveness.

The NRC also has a long-term target of extending the rail network to about 20,000 kilometres, with plans to optimise existing railway assets, revive dormant corridors, expand freight operations and attract private investment into passenger and cargo services.

Managing Director of the corporation, Dr Kayode Opeifa, disclosed these plans at the BusinessDay Mobility and Logistics Conference in Lagos, where he identified an efficient, interconnected transport system as a critical driver of economic resilience and productivity.

Speaking on the theme, “Scaling the Future: Building a Resilient and Efficient Mobility and Logistics Ecosystem in Nigeria,” Opeifa warned that inefficiencies across the country’s transportation network were contributing to congestion, rising logistics costs, delayed deliveries, reduced productivity and higher prices of goods and services.

He argued that integrating rail, road, maritime and air transportation would help address these challenges by improving connectivity between production centres, markets, seaports and distribution hubs.

According to him, rail transportation occupies a strategic position in developing an efficient national transport network because of its capacity to move large volumes of passengers and freight over long distances while reducing pressure on highways.

“Rail should not be viewed as a competitor to road, maritime or air transportation, but each should continue to develop as complementary components of an effective integrated transport system,” he said.

Opeifa explained that while road transport remained essential for cargo collection and last-mile delivery, maritime transport facilitated international trade, and inland terminals supported cargo handling and distribution, rail provided the high-capacity link connecting these facilities with industrial and commercial centres.

He said seamless coordination among the different modes would reduce avoidable logistics costs, promote regional commerce, improve access to markets and enhance the competitiveness of Nigerian products.

PRIVATE SECTOR PARTICIPATION

Outlining the NRC’s priorities since assuming office, the managing director highlighted the corporation’s track access policy, which provides opportunities for private investors to operate passenger and freight services along designated railway corridors.

He said the policy was part of efforts to improve the utilisation of existing infrastructure, expand railway services and mobilise investment to accelerate the development of the sector.

Under its Vision 2:5:10:20, the corporation is focusing on optimising existing railway assets, restoring viable dormant corridors, expanding freight operations, strengthening private-sector partnerships and progressively extending the national network.

Opeifa said immediate priorities included improving the utilisation of Nigeria’s two legacy narrow-gauge lines and three standard-gauge lines, restoring operational capacity, expanding freight services and strengthening connections between railway infrastructure, ports and inland terminals.

He maintained that maximising the value of existing assets would be essential to achieving the corporation’s expansion targets and building a more commercially viable railway system.

NEW RAILWAY PROJECTS

The NRC chief also highlighted ongoing and planned railway infrastructure projects under President Bola Ahmed Tinubu’s administration, including efforts to extend the standard-gauge railway to Apapa Port and establish a connection to Tin Can Island Port in Lagos.

The proposed connections are expected to strengthen the relationship between rail and maritime transportation, improve cargo evacuation and reduce the pressure on roads leading to the ports.

Opeifa further said the Kano–Maradi railway line was expected to be completed in 2027, while plans were ongoing for a central railway corridor linking the Warri–Itakpe line to Abuja.

He added that the government planned to commence construction of the Marina–Lekki railway line, alongside efforts to support the Kaduna–Kano inter-state train service and the Kano State Government’s proposed intra-state rail services.

The projects, he said, formed part of broader efforts to expand rail connectivity, improve passenger mobility and facilitate the movement of goods across the country.

₦3.6TRN LOGISTICS LOSSES

Also speaking at the conference, the Director-General of the Africa Centre for Supply Chain, Dr Obiora Madu, estimated that Nigeria loses more than ₦3.6 trillion to inefficiencies and distortions in the transportation and logistics sector.

He warned that small-scale businesses would continue to struggle to operate efficiently unless the country addressed the disconnect among its transport and logistics networks.

“If we don’t get the logistics right, the small-scale businesses would not be optimised. We do not need digital islands, we do not need superlative infrastructure, what we need is connected systems,” Madu said.

He argued that building a resilient logistics ecosystem required more than expanding individual infrastructure projects, stressing the importance of coordination, connectivity and the ability of the entire system to withstand disruptions.

Similarly, the Managing Director of JanksMay Global Services Ltd., Ifeanyi Onwuachu, said infrastructure deficits continued to undermine the operations of small-scale players in the logistics industry.

He called attention to the need for better infrastructure and more efficient transport connections to support businesses and improve operational performance.

Earlier, the Deputy Editor-in-Chief of BusinessDay, Dr Innocent Nna, described the conference as a platform for examining persistent gaps in Nigeria’s logistics sector and identifying practical solutions.

He urged stakeholders to engage in frank discussions on the challenges confronting the industry and develop strategies to improve efficiency across the sector.

The conference brought together industry stakeholders to explore ways of building an integrated, efficient and resilient mobility and logistics ecosystem capable of supporting economic growth and improving the competitiveness of Nigerian businesses.

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AutoFast By CFAO Assures Former Moove Drivers of Continued After-Sales Support, Free Diagnostics

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AutoFast By CFAO Assures Former Moove Drivers of Continued After-Sales Support, Free Diagnostics

As the exit of mobility platform Moove from Nigeria raises concerns over vehicle maintenance and repair costs among affected drivers, AutoFast by CFAO has moved to reassure them of continued access to professional servicing, quality lubricants and affordable spare parts.

The company said its commitment to supporting former Moove drivers remained unchanged, despite the platform’s withdrawal from the Nigerian market, stressing that it would continue helping them keep their vehicles roadworthy, minimise downtime and protect their livelihoods.

AutoFast by CFAO, which has serviced and maintained the vehicles for more than four years, said it understood the concerns drivers might face regarding maintenance, repairs and the availability of essential spare parts following Moove’s exit.

To address these challenges, the company is introducing dedicated service support for former Moove drivers, including free vehicle diagnostics, access to quality Motul lubricants and a loyalty programme offering exclusive discounts to returning customers on their third service.

The initiative, according to the company, is designed to make vehicle maintenance more accessible, convenient and affordable, while enabling drivers to get their vehicles back on the road without unnecessary delays associated with service approvals.

Speaking on the initiative, General Manager of Winpart by CFAO and AutoFast by CFAO, Mr. Eric Fantodji, said the company recognised the critical role the vehicles played in the daily operations and income generation of the drivers.

“Our relationship with these drivers spans more than four years, and we understand how important their vehicles are to their livelihoods. Our priority is to ensure they continue to have access to dependable after-sales support, professional servicing and affordable maintenance solutions,” Fantodji said.

He also underscored the importance of using the appropriate engine lubricants, particularly for vehicles equipped with small-capacity engines that require specific lubricant standards.

“From the beginning of our partnership, we have used Motul lubricants to service these vehicles. Maintaining consistency with the manufacturer-recommended lubricant specification is particularly important for the sensitive 0.8-litre or one-litre engines. Switching to unsuitable or lower-quality lubricants can have serious consequences for engine performance and potentially increase repair costs,” he said.

According to him, using the correct lubricant helps protect engine components, maintain performance and reduce the risk of avoidable mechanical problems.

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He therefore urged drivers to adhere to the recommended lubricant specifications when servicing their vehicles, warning that cutting corners on essential maintenance could lead to more expensive repairs in the long run.

Beyond routine servicing, Fantodji said AutoFast by CFAO was also making essential maintenance components, including oil filters, air filters, brake pads and other spare parts, available at affordable prices.

“We want drivers to know that they can continue to count on AutoFast by CFAO for quality products, professional service and support that recognises their needs,” he added.

The company said former Moove drivers could access the support services at its Sanusi Fafunwa and Amuwo Odofin service stations, where offerings include free diagnostics, priority servicing, quality spare parts, lubricants and a customer loyalty programme.

AutoFast by CFAO provides multi-brand vehicle maintenance, servicing and repair solutions for individual motorists and businesses. Its services are complemented by access to spare parts and lubricants supplied through Winpart by CFAO.

The latest initiative underscores the importance of reliable after-sales support in Nigeria’s automotive and mobility sectors, particularly for drivers whose vehicles are essential income-generating assets.

For former Moove drivers, continued access to professional maintenance, appropriate lubricants and affordable spare parts could prove critical to keeping their vehicles operational, controlling repair expenses and sustaining their daily earnings following the platform’s exit from the country.

 

AutoFast By CFAO Assures Former Moove Drivers of Continued After-Sales Support, Free Diagnostics

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Why Nigerians’ Data Finishes So Fast: MTN Reveals the Hidden Data Drains

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Why Nigerians’ Data Finishes So Fast: MTN Reveals the Hidden Data Drains
Why Nigerians’ Data Finishes So Fast: MTN Reveals the Hidden Data Drains

MTN Nigeria has explained why many subscribers complain that their mobile data bundles run out quickly, pointing to video streaming, background applications, automatic downloads and cloud backups as some of the major causes of high data consumption.

The explanation was offered during a forum tagged Data on Trial in Abuja on Monday, October 26, 2026, where telecommunications industry representatives and technology experts discussed consumer complaints about data depletion, billing transparency and how mobile data usage is measured.

Mike Ndukwe, MTN Nigeria’s General Manager of Network Performance, said subscribers could consume significant amounts of data without realising it because many smartphone applications continue to refresh content, download files or stream videos in the background.

He identified platforms such as TikTok, YouTube and Instagram as potential data drains, particularly when videos play automatically or stream in high definition. WhatsApp can also consume substantial data when media files download automatically or when chats and photos are backed up over mobile networks.

According to Ndukwe, a 15-second TikTok video could consume between two and 20 megabytes, depending on its quality. Repeatedly scrolling through short videos can therefore use up a data bundle faster than subscribers expect, especially when applications preload content before users choose to watch it.

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Other common causes of rapid data depletion include automatic software updates, cloud services such as Google Photos and iCloud uploading pictures and videos, and applications refreshing content even when they are not actively being used.

Hotspot sharing can also accelerate data consumption. When subscribers share their phone’s internet connection with laptops or other devices, downloads, streaming and software updates on those devices may consume the available bundle without the phone owner immediately noticing.

David Ogunsola, MTN Nigeria’s General Manager of IT Operations, said differences could occur between the data usage displayed on smartphones and the volume recorded by the network. He attributed such variations to differences in measurement methods, background traffic and the timing of data sessions. He said discrepancies could range from about two per cent to 12 per cent in some circumstances.

MTN Nigeria Chief Executive Officer Karl Toriola also highlighted the high cost of operating telecommunications infrastructure, including expenses associated with powering and maintaining network sites.

The company said it was intensifying consumer education to help subscribers understand how their devices consume data. However, the explanation comes amid persistent complaints from Nigerians who say their bundles disappear faster than expected and want greater transparency in data billing.

Subscribers can take practical steps to reduce consumption. On Android phones and iPhones, users can check which applications consume the most data and restrict background activity for apps that are not essential. Reducing video streaming quality, disabling automatic media downloads and setting cloud backups and app updates to Wi-Fi only can also help.

Users should also turn off mobile hotspots when they are not needed and review their data usage regularly rather than waiting until a bundle is almost exhausted.

MTN subscribers can monitor their available bundles through the MyMTN NG app or by dialling 3234#. Customers who suspect unusual deductions should check their usage records and contact the network’s customer service for clarification.

The Nigerian Communications Commission (NCC) has also advised consumers to contact their service providers when they have concerns about data consumption or billing. Unresolved complaints can be escalated to the regulator.

While MTN maintains that ordinary smartphone activities account for much of the rapid data depletion, subscribers’ concerns about accurate billing remain important. Comparing phone-level usage with network records can help determine whether consumption reflects actual device activity or whether a complaint requires further investigation.

Why Nigerians’ Data Finishes So Fast: MTN Reveals the Hidden Data Drains

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