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Nigeria at risk as W. Bank cautions countries rising debt crisis
Sopuruchi Onwuka Developing countries are entering a new phase of financial strain as debt costs climb to record highs, with the World Bank warning that many nations are now facing the largest financing shortfall in 50 years. Between 2022 and…
Gas-to-power: FG to pay N185bn gas debt, and the wheel spins
Sopuruchi Onwuka The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, recently announced that the federal government is preparing to pay about $128 million (roughly N185 billion) in gas debts tied to the gas-to-power program. It’s another reminder of…
2025 Licensing Round: NUPRC sets financial baseline for participants despite lower entry bar
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has stressed that only financially solid companies will qualify for the 2025 Licensing Round, even though the approved signature-bonus range has been set at a comparatively low $3 million to $7 million. The…
Shell expands gas network to connect new industrial customers in Ogun State
Shell Nigeria Gas Limited (SNG) is expanding its gas distribution footprint in Ogun State with a new agreement to supply gas to SG Industrial FZE, a major steel producer in the Guandong industrial zone. The deal adds to SNG’s growing…
Heirs Energies, partners sign deals on OML 17 flare gas commercialization
Sopuruchi Onwuka The Nigerian National Petroleum Company (NNPC) Limited and Heirs Energies have formalized Gas Flare Commercialization Agreements for OML 17 under both the Nigerian Gas Flare Commercialization Program (NGFCP) and approved Non-NGFCP frameworks. The agreements moves the project from…
NCDMB takes home Ease of Doing Business Award for straight 4th year
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board has strengthened its position as a national leader in public sector efficiency, securing the Presidential Enabling Business Environment Council’s Transparency and Efficiency Champion Award for the fourth year in a row….
Stakeholders commend NCDMB on Local Content growth initiatives
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board received strong commendations from government leaders, lawmakers, and industry figures as it unveiled a fresh set of initiatives, accomplished tasks and confirmation that Nigerian Content has reached 61 percent in the…
PNC 2025: NCDMB lists rapid progress as Nigerian Content hits 61%
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has at the 14th Practical Nigerian Content Forum hosted in Yenegoa, Bayelsa State, announced a new wave of achievements aimed at boosting local capacity across the oil and gas industry….
Komolafe confirmed Chairman as AFRIPERF anchors in Nigeria
The African Petroleum Regulators Forum has adopted Nigeria as its headquarters and elected the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Engineer Gbenga Komolafe, as its substantive chairman. Komolafe served in an interim capacity before the confirmation. The…
Ekpo restates NCDMB’s programs that strengthen Nigeria’s energy sector
Sopuruchi Onwuka Minister of State for Petroleum Resources (Gas), Hon Ekperikpe Ekpo, has pledged full support for initiatives of the Nigerian Content Development and Monitoring Board (NCDMB), saying they push Nigeria toward a resilient, inclusive, and competitive energy industry. Speaking…
