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Coca-Cola, Starbucks and McDonald’s quit Russia
Three major multinational brands- Coca-Cola, Starbucks, and McDonald’s- all announced within hours of each other on Tuesday that they have suspended operations in Russia in response to its invasion of Ukraine. In a statement posted to its website, Starbucks announced…
Barkindo relieves OPEC of responsibility in Russian oil sanctions
Sopuruchi Onwuka World’s key oil producers’ bloc, the Organization of Petroleum Exporting Countries (OPEC), has declared that it would not take responsibility in geopolitical tension that currently propels price jumps in the global oil market. Secretary General, HE Dr Mohammed…
Lagos Employment Fund facilitates 275,051 jobs, businesses
Creates 68,000 tax payers, earns budget boost Sopuruchi Onwuka The Lagos State government through its employment creation agency has facilitated the creation and enhancement of 275,051 small businesses, new employment opportunities and existing jobs in the state. Chairperson of Lagos…
Stakeholders tour NCDMB facilities in N’Delta
The Nigerian Content Development and Monitoring Board (NCDMB) has kicked off a tour of its facilities in the Niger Delta regionwith stakeholders, to showcase and sensitize them of its projects and programs in the area. The tour which began in…
Nigerian Content Fund exceeds $500m
Sopuruchi Onwuka The Nigerian Content Intervention (NCI) Fund has exceeded half a billion dollars, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote has said. He spoke recently at the Sub-Saharan African International Petroleum…
NCDMB, ITF train 100 youths
Sopuruchi Onwuka Hundred Nigerian youths have commenced training in the vocational skills programme sponsored by the Nigerian Content Development and Monitoring Board (NCDMB) and facilitated by the Industrial Training Fund (ITF). The training covers eight skills areas, and they include…
NCDMB maps 50m Fund for oil industry manufacturing
Commissions ultra-modern valve assembling plant Sopuruchi Onwuka He disclosed that the NOGAPS Manufacturing fund will soon be launched and will be managed by the Bank of Industry (BoI) to address the identified challenges. The Nigerian Content Development and Monitoring Board…
NNPC posts N100.931 bn export revenue for August ‘21
Sopuruchi Onwuka The Nigerian National Petroleum Company (NNPC) Limited has declared $224.29 million or N100.931 billion receipt from its upstream operations in August 2021, mainly accounting to crude oil and gas export within the period. Group General Manager in charge…
Energy Transition: $36.3 bn investments drive global hydropower to 1200 GW
Sopuruchi Onwuka The global hydropower generation is to hit significant 1,200 gigawatts (GW) for the first time by the end of 2022 when investments in the industry is also expected to reach monumental $36.3 billion, as countries increasingly explore suitable…
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…
