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Shell, 9 banks launch $3bn Contract Finance facility to support Nigerian contractors
Shell Nigeria Exploration and Production Company Ltd (SNEPCo) has launched a $3 billion Contract Finance facility in partnership with nine leading Nigerian banks to support contractors. The facility launched, Thursday, which represents a major step towards empowering Nigerian contractors is…
UBA marks Bumper Account anniversary, rewards customers with over N400m in bonuses
United Bank for Africa (UBA) has rewarded thousands of its customers with over N400 million in anniversary bonuses under its UBA Bumper Account, as part of efforts to encourage savings and reward customer loyalty. The bank said the bonuses were paid…
Saudi Arabia to slash oil prices, as market edges to post- COVID-19 era
Saudi Arabia is expected to slash the official selling prices of its crude loading for Asia in August, as Middle East’s crude benchmarks crashed amid the tentative reopening of the Strait of Hormuz and the oil supply increase from the region….
NCDMB, NLNG drive Train 7 near completion, creates 16,000 jobs
The Nigerian Content Development and Monitoring Board (NCDMB) and NLNG Ltd have reaffirmed their commitment to strengthening collaboration aimed at deepening local content participation, increasing in-country value retention and expanding the economic benefits of Nigeria’s gas industry, as the ongoing…
NCDMB, SNEPCo, LADOL launch capacity building for supply base ervices
The Nigerian Content Development and Monitoring Board (NCDMB), in collaboration with Shell Nigeria Exploration and Production Company (SNEPCo) and Lagos Deep Offshore Logistics (LADOL), has launched a 12-month Human Capacity Development (HCD) programme designed to equip young Nigerians with specialised…
NCDMB to launch petroleum industry trainers certification
The Nigerian Content Development and Monitoring Board (NCDMB) is set to commence the issuance of the Nigerian Content Trainers Registration Certificate (NCTRC), as part of its commitment to strengthening local competencies and promoting professional standards within Nigeria’s oil and gas…
NCDMB partners Chevron, Bristow on pilot training programme
The Nigerian Content Development and Monitoring Board has partnered with Chevron Nigeria Limited and Bristow Helicopters Nigeria Limited to launch a Human Capacity Development programme aimed at training a new generation of Nigerian helicopter pilots for the oil and gas…
SMEDAN secures $12bn S/Korea commitment to establish skills acquisition facility
Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has secured a $12 billion commitment from South Korea to establish a Skills Acquisition Centre in Abuja, as part of efforts to strengthen entrepreneurship and boost small businesses across Nigeria. This is…
Diezani: When spirited woman is caught in the web of power
Sopuruchi Onwuka The acquittal of former Petroleum Minister Diezani Alison-Madueke by a London jury after more than a decade of investigations and legal battles has reopened a larger conversation about one of the most consequential and controversial figures in the…
Modibbo varsity wins N50m prize at NCDMB’s engineering olympiad
Team Mavericks from Modibbo Adama University, Yola, on Wednesday emerged the overall winners at the grand finale of the maiden Nigerian Engineering Olympiad held over two days in Lagos. The team won the contest with their innovation, “Sarafa Community Security…
