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Economy

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….

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…

Million barrels mandate: Verheijen demands streamlined project economics, delivery speed

Sopuruchi Onwuka Special Adviser to the President on Energy, Mrs. Olu Arowolo Verheijen, has called for deeper collaboration, data driven regulation and faster project execution to sustain Nigeria’s momentum in upstream investments towards realization of rapid oil and gas production…

WIEN celebrates members’ OGTAN Awards

Ziggy Ojiegbe The Women in Energy Network (WIEN) has extended warm congratulations to three distinguished members who were recognized for excellence at the OGTAN Lagos Zone Annual Dinner and Awards. President of WIEN, Mrs. Eyono Fatai-Williams, declared in her congratulatory…

UK, Nigeria launch joint reforms for economic stability and growth

Sopuruchi Onwuka The British High Commission in Abuja has launched two major economic reform programs, the Nigeria Economic Stability and Transformation program and the Nigeria Public Finance Facility to propel stable growth in the country. The initiatives, according to the…

NCDMB launches $100m equity funds, weeds out dubious players

* Begins activation of industrial parks * Nigerian Content level hits 61% Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has declared increased linkage between the huge budget upstream petroleum industry and the domestic economy, saying over 61…

NCF debts: NCDMB, NASS chase Sahara Energy, others

Sopuruchi Onwuka More trouble is underway for indigenous Sahara Group as both the National Assembly and petroleum industry value regulator, the Nigerian Content Development and Monitoring Board (NCDMB) vowed on Tuesday to deal decisively with upstream petroleum players evading mandatory…