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PETAN companies invested N225 bn in asset capacity in 2025
Sopuruchi Onwuka Indigenous oilfield services contractors in the upstream petroleum industry have in the in 2025 collectively invested significant $10 million or N225 billion inbuilding capacity for fast and efficient execution of industry jobs. Chairman of the contractors known as…
NCDMB says only local industrial performance drives economic growth
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has declared significant milestones in strengthening the capacity, competence, and global competitiveness of Nigerian companies, reinforcing local content as a catalyst for industrialization and economic development. Executive Secretary, Engr. Felix…
Slow regulatory approvals threaten oil output targets __ PETAN
NCDMB proves exception with rapid response Sopuruchi Onwuka Industry players in Nigeria’s upstream petroleum sector have warned that slow regulatory approvals and prolonged contracting cycles are undermining efforts to ramp up crude oil production by over one million barrels per…
UN demands government’s response to Nigeria’s worsening humanitarian crisis
Sopuruchi Onwuka United Nation’s humanitarian office in Nigeria has stated that the current security crisis in the country is rapidly transcending regional and religious lines while spreading deadly conflicts across neighboring communities. The UN is now urging Nigerian federal and…
NNPC Ltd to drive infrastructural expansion with new gas masterplan
Sopuruchi Onwuka Nigerian National Petroleum Company Limited (NNPC Ltd) weekend officially unveiled its Gas Master Plan tagged NGMP 2026, saying the measure is part of ongoing efforts to reposition Nigeria’s gas sector to drive national industrialization, guarantee energy security, and…
Dangote Refinery declares cooperation with NMDPRA, raises output to 120m litres daily
Sopuruchi Onwuka Dangote Petroleum Refinery has declared its willingness to cooperate fully with the new management of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) following the removal of its former chief executive, Engr Farouk Ahmed. The company also…
AFCON 2025: CAF sanctions Senegal and Morocco after chaotic final
The Confederation of African Football (CAF) has issued sanctions against both Senegal and Morocco following the chaotic ending to the 2025 Africa Cup of Nations final played on January 18. CAF’s disciplinary committee rejected a protest filed by Morocco, which…
EU designates Iran’s Revolutionary Guards a terrorist organisation
Ziggy Ojiegbe The 27 member European Union has designated Iran’s Islamic Revolutionary Guard Corps (IRGC) as a terrorist organization, citing Tehran’s violent crackdown on nationwide protests. EU foreign policy chief Kaja Kallas said on Thursday that the decision was agreed…
Nigeria’s oil output up in December; inflation down as CBN changes methodology
Sopuruchi Onwuka Nigeria’s oil production rose slightly in December, increasing to 1.50 million barrels per day (mbpd) from 1.49 mbpd in November. Output therefore matched the country’s OPEC+ quota of 1.50 mbpd. For 2025 as a whole, oil production averaged…
China executes 11 over $1bn scam operations that killed 14 citizens
Chinese authorities have executed 11 people convicted of killing 14 Chinese citizens and running large-scale online scam and gambling operations worth more than $1 billion, according to an official court statement released on Thursday. The Wenzhou Intermediate People’s Court said…
