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Nigeria bonds further plummet as S&P Global begins review
Sopuruchi Onwuka As another credit rating agency focuses on Nigeria, the country’s sovereign bonds value took a slip at the weekend as the impact of Moody’s negative rating continues to shake investors’ confidence. Market intelligence services indicated at the weekend…
NLNG, LCCI promote sustainable food security in Nigeria
Nigeria LNG Limited (NLNG), in partnership with the Lagos Chamber of Commerce and Industry (LCCI), on Wednesday presented the joint-winning works of The Nigeria Prize for Science (2022) to industry players in an effort to push agricultural innovations that can…
NCDMB attains Platinum performance ranking
The Nigerian Content Development and Monitoring Board (NCDMB) has become the first government agency in the country to attain the rare Platinum level services performance ranking. The agency drives policies and programmes for industrial capacity building, domestic productivity, retention of…
IMSU celebrates Wabote with Doctor of Science award
For his excellent contributions to the growth and transformation of the Nigerian oil and gas industry and the towering leadership he has provided for the development of local content in Nigeria and Africa, the Executive Secretary of the Nigerian Content…
Mainland Oil slashes petrol prices, accelerates services
Nigeria’s newest major marketer, Mainland Oil and Gas Company Limited, has accelerated petrol retail services at all its 34 stations across the country. The company has also slashed the prices of the product at its retail outlets even at a…
NCDMB boss receives Leadership Local Content Award
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote on Tuesday received the Leadership Local Content Champion of the Year Award at the 14th Leadership Conference and Awards held at the International Conference…
NCDMB pledges sustained African local content devpt
The Nigerian Content Development and Monitoring Board (NCDMB) is ever ready to support other African nations in developing and implementing local content policies as a strategy for improving indigenous participation and value optimization from hydrocarbons and mineral resources. The Executive…
Wabote emerges Leadership Local Content Champion of the Year
NCI Fund the most performing funding scheme The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has been selected as the recipient of the Leadership Local Content Champion of the Year Award by…
How ExxonMobil earned $6.3 bn/hour, $153 m/day, $56 bn profit in 2022
Sopuruchi Onwuka By controlling cost and taking full advantage of strong demand and high market prices, American multinational oil firm, ExxonMobil, posted annual profit of $56 billion in 2022. The company’s financial performance in the year translates to average daily…
Cash crunch stalls transactions, fuel breaches as banks
Sopuruchi Onwuka Glitches in the phase out of old currency notes in the Nigerian markets have led to acute cash shortages, transaction failures and worsening hunger across cities; forcing desperate customers to breach security rules as they demand access to…
