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Wabote, Barth Nnaji chorus Nigerian Content remedy to forex crisis
Sopuruchi Onwuka Amidst the growing anger in the country over the rising rate of foreign exchange, prominent industry technocrats with critical roles in the economy have agreed that strict application of the existing local content laws would reverse the demand…
Nigerian petroleum industry thriving on Nigerian Content _Wabote
The Nigerian oil and gas industry is growing steadily across several fronts despite reduced investments due to the global quest for cleaner energy and divestments of some onshore and shallow assets by international oil companies. According to the Executive Secretary…
NGA engages Presidency on collaboration against industry challenges
The Nigerian Gas Association (NGA) recently had the honour of paying a courtesy visit to the Special Adviser (SA) to the President on Energy, Mrs. Olu Verheijen and warmly congratulated her on her appointment. The NGA expressed its utmost confidence…
Oil women seek new financing windows
Sopuruchi Onwuka Dearth of capital and its sourcing to fund business initiatives topped the list of challenges encountered by women entrepreneurs in the oil and gas sector of the Nigerian economy. Female stakeholders, the non-governmental Women In Energy Network (WIEN)…
African petroleum producers chart industry future
Some 18 member countries of the African Petroleum Producers Organization (APPO) converged at the third edition of the Africa Local Content Roundtable to chart a pathway for the sustainable development of the industry. The two-day event is hosted by the…
FG, players polarize on calls for PIA amendment
Sopuruchi Onwuka The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote, has called for full implementation of the Petroleum Industry Act (PIA) to unlock investments that restore vibrancy in the industry. Engr Wabote…
NNPC Limited’s Bright Business Outlook
By Nasiru Omar When the Petroleum Industry Bill was signed into law in July 2021, some of its key objectives were make the NNPC Ltd to operate as a commercial entity and do its business profitably, pay taxes like every…
‘Capital Oil reached non-political resolution with AMCON’
Sopuruchi Onwuka One of Nigeria’s fastest oil marketing companies, Capital Oil and Gas Industries Limited, is on its way out of the woods after reaching consent judgment with the Asset Management Company of Nigeria (AMCON) over the loan disputes that…
NNPC Retail: A Pearl of Quality Products and Services
(By Emerson Chukwuka) When the Nigerian National Petroleum Company (NNPC) Ltd, then a corporation, set out in the year 2002 to establish a petroleum products retail company as a Corporate Business Unit, it had clear intentions and business objectives. One…
NCDMB decries Africa’s low EPIC capacity in petroleum industry
African nations seeking to achieve economic prosperity must develop local capabilities to process, utilize, and export their resources as a means of powering their growth and development. The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr….
