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Seplat’s grows Q3 revenue by 31% to N478.1bn
Indigenous energy group, Seplat energy Plc, has announced a 31 percent revenue jump, posting gross earnings of N478.1 billion in the first nine months of the year and interim dividend of US3 cents per share. The Nigerian independent energy company…
Oando is ahead of Africa’s ESG curve
Nigeria’s leading indigenous energy solutions provider, Oando, has been confirmed the leader in Africa’s efforts to conform to new global environmental and sustainability standards through its innovative investments in business portfolios that wipe off its operational footprints on the environment….
NCDMB is still the best among Nigeria’s MDAs
The Nigerian Content Development and Monitoring Board (NCDMB) has maintained its lead in excellence with the retention of its position as the best Federal Agency in transparency and efficiency in business. In the 2023 Half Year Executive Order 001 Compliance…
Co-Founders want ousted Web Summit CEO to divest
Sopuruchi Onwuka Co-founders of Europe’s largest technology conference, the Web Summit, have demanded the ousted Chief Executive Officer, Paddy Cosgrave, to sell his majority stake in its parent company to save the company from industry indignation. Mass resentment towards the…
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…
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…
