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Methanol-laden petrol: Buhari directs Sylva to query NMDPRA boss, as agency identifies source supplier
Sopuruchi Onwuka President Muhammadu Buhari has waded into the bad petrol controversy, directing the Minister of State for Petroleum Resources, Chief Timipre Sylva, to query the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk…
BFI Group ready to reactivate ALSCON
Sopuruchi Onwuka A Nigerian American consortium, the BFI Group, has declared its readiness to begin processes for reactivation of production at the Aluminum Smelter Company Limited in order to fast tract the ongoing economic diversification of the government. The development…
Energy transition: Africa to host 2 bn cars by 2040
Sopuruchi Onwuka Nigeria and other developing economies of the world must brace to host about two billion vehicles that are fired with petroleum fuels as the industrialized nations that currently champion the global movement for energy transition plan total switch…
Nigeria turns an OPEC laggard as oil demand surges above 100 mbd
Sopuruchi Onwuka Nigeria’s crude oil production maintained fluctuating trend in December 2021, shedding 43,000 barrels per day to end the year at 1.338 million barrels per day. According to the Monthly Oil Market Report of the Organization of Petroleum Exporting…
NGA holds industry forum to explore opportunities for gas in Nigeria’s PIA regime
Apex professional body responsible for the promotion and protection of the interests of the gas industry in Nigeria, NGA holds industry forum to explore opportunities for gas in Nigeria’s PIA regime. In consonance with the Federal Government of Nigeria’s vision…
Nigerian oil industry spends $20.4bn on local fabrication, engineering
NCDMB raises Nigerian Content to 42% The Nigerian Oil and Gas Industry spent approximately $20.4billion between 2016 and 2020, particularly in key areas such as Engineering, Procurement, Fabrication, Project Management, and Services. Executive Secretary, Nigerian Content Development and Monitoring Board…
Rape of Abia: Ikpeazu’s takes N16.67m daily as security vote
T A Orji carted N48 bn security vote Billions poured on abandoned projects Sopuruchi Onwuka The burble on how Abia remained the worst governed state in Nigeria has been punctured by the former Attorney General and Commissioner for Justice, Umeh…
Investors declare Nigerian Content Policy successful
NNPC Limited to domesticate 80% of transactions Sopuruchi Onwuka Players across the streams in the Nigerian petroleum industry have declared the local content policy in the country very successful despite visible disputes that have clogged its smooth implementation in the…
PIA: IOCs plan $60 bn FID on 6 deepwater projects
Sopuruchi Onwuka International oil companies that hold substantial reserves in the Nigerian deepwater basin will ink landmark final investment decisions (FIDs) on six offshore oil and gas developments by next year, ending over 12 years of activity lull in the…
NCDMB disburses $350m from $300m NCI Fund
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has disbursed significant $350 million or N157.5 billion to various oil service and community contractors involved in providing goods and services to the petroleum industry. The disbursed fund amounting to…
