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NNPC puts Maiduguri EPP on fast track
Sopuruchi Onwuka Nigerian National Petroleum Corporation (NNPC) has declared plans to expedite realization of its emergency power project (EPP) in Maiduguri as model for similar projects in the country. Group Managing Director, Mallam Mele Kyari, who performed the ground breaking…
CBN launches eNaira ahead of schedule as platform goes live
Sopuruchi Onwuka The federal government has finally launched the much awaited eNaira platform, attracting instant traffic surge as millions of Nigerians pry into the website to explore possibilities of offgrid financial transactions. The eNaira, a Central Bank Digital Currency (CBDC)…
Energy Security: Indigenous players tackle regulators as majors leave
Sopuruchi Onwuka Indigenous companies in the country and government regulators in the petroleum sector are yet to find common grounds on how to effectively capture the reins of operations in the industry as multinational players that have dominated the business…
NCDMB saves Nigeria $2bn on NLNG-7 project
Wabote receives African Icon award Sopuruchi Onwuka Localization of contract execution in the ongoing expansion of the processing trains of the Nigeria Liquefied Natural Gas (NLNG) Limited saved Nigeria princely $2.0 billion of N840 billion during the during the bidding…
NCDMB initiates 6th industrial park
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has activated processes for development of an industrial park in Ondo State, making it the sixth of such facilities to be established across petroleum industry hubs in Niger Delta. According…
Sylva commissions NCDMB Research Incubation Centre, launches $50m R&D Fund
The Minister of State for Petroleum Resources, Chief Timipre Sylva has commissioned the Technology Incubation and Innovation Center and formally launched the US$50 million Nigerian Content Research and Development Fund, all initiatives of the Nigerian Conten tDevelopment and Monitoring Board…
FG lays frameworks for innovation in petroleum industry
Sopuruchi Onwuka With the global movement for energy transition driving massive divestment of brownfield and medium value assets by multinational oil firms in Nigeria, government have started laying strong foundation for local technical capacity development to position indigenous companies to…
NNPC alters 44 record with N287 bn profit
Sopuruchi Onwuka The Nigerian National Petroleum Corporation (NNPC) has posted a N287 billion profit after tax for 2020, shattering its business performance record in the past 44 year. The figure is contained in the corporation’s Audited Financial Statements (AFS) published…
CNB goes after forex scammers
Sopuruchi Onwuka Central Bank of Nigeria is rising against abuse of its direct sale of foreign currencies to personal and business travelers, directing all banks enlisted in highly guarded release of scarce foreign exchange in the country to expose customers…
NCDMB sells Bayelsa State electricity
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has become the first government institution in the country to generate and commercialize electricity from its office power plant. The local capacity development agency which has been leading innovative commercial…
