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Jonathan joins industry legends to win Champions of Nigerian Content Awards
Sopuruchi Onwuka Former President, Dr. Goodluck Ebele Jonathan has received the Nigerian Content Lifetime Achievement Award at the maiden edition of the inaugural Champions of Nigerian Content Award ceremony organized by the Nigerian Content Development and Monitoring Board (NCDMB) in…
Endless maintenance of Port Harcourt Refinery continues
Sopuruchi Onwuka After commissioning of the Port Harcourt refinery in a hurried race to capture shares in the domestic market space, the Nigerian National Petroleum company (NNPC) Limited is once again shutting down the plant for maintenance. Spokesman, Olufemi Soneye,…
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…
