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Lokpobiri urges oil players to ramp up production
Sopuruchi Onwuka Federal government has restated its resolve to use indigenous capacity to sustainably boost crude oil, condensate and gas liquids production in the immediate to long term. Minister of State for Petroleum Resources in charge of Oil, Senator Heineken…
Lokpobiri fronts NCDMB to lead African industrialization
Sopuruchi Onwuka Federal government has declared that the petroleum industry value generator, the Nigerian Content Development and Monitoring Board (NCDMB) would continue development of local capacity development for home grown industrialization of the African continent. Minister of State for Petroleum…
Growth mandate: NUPRC demands enhanced operating environment, efficiency
Sopuruchi Onwuka Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has called on government to provide enhanced operating environment and transparent fiscal regimes that earn the confidence of global investors in the Nigerian petroleum industry. The Commission Chief Executive (CCE), Engr. Gbenga…
Deepwater developments: NCDMB mandates operators to prioritize local services
Sopuruchi Onwuka The federal government has mandated operators in the nation’s deepwater oil and gas play to prioritize use of local capacity in the upcoming field development projects already approved for execution, stressing that Nigeriancontent has moved from aspiration to…
Is ExxonMobil laying out investment recovery agenda in Deepwater Nigeria?
Sopuruchi Onwuka American oil multinational major, ExxonMobil, appears to have activated a tranquil plan to mount production pressure on its deepwater assets in Nigeria as it lays out investment capital for greenfield developments and enhanced recovery programmes for brownfield assets….
Inflation hits Nigerian kitchens with food price jumps
Sopuruchi Onwuka The inflationary trends in the domestic economy have drilled down to direct impact on low income families in the country, figures from the National Bureau of Statistics (NBS) have clearly indicated. The NBS indicated that inflation impacts on…
Middle East trip: Trump masses up $Trillions in deals
Sopuruchi Onwuka US President Donald Trump who stormed the Middle East amidst hostage deal impasse between Hamas and Israel is massing up trillions of dollars in business deals from the region. From defence, aviation and tech deals, Trump has not…
The blood profits of Nigerian banks
[By Michael Owhoko, Ph.D] The astronomical rise in banks’ profits as reflected in the 2024 full year financial report has exposed the banking industry as a lucrative enterprise powered by arbitrary charges imposed on unwilling customers. In some cases, these…
Projects to meet solutions at NOGOF 2025
Sopuruchi Onwuka Real and effectual players in the Nigerian petroleum industry will next week converge in Yeneegoa, Beyelsa State, for a debate on finding solutions and services to drive speedy delivery of projects as regulators mount increasing pressure on operating…
Nigeria in fiscal chaos as oil price crash looms
Sopuruchi Onwuka Nigeria’s fiscal projections in the immediate to medium term remain vulnerable to changes in the fortune of petroleum liquids in the global commodity markets as analysts insist that the nation’s major export commodity, petroleum, will continue to suffer…
