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NNPC Limited quietly cedes 12.8% stake in Dangote Refinery
Sopuruchi Onwuka Government has silently accepted to whittle down the country’s 20 percent financial stake in the hyped Dangote Refinery, digging up more questions over the controversial deal which was sold to Nigerians as low hanging fruit for cheaper and…
WIEN commends FG on divestment deals, demands more approvals
Leading gender equity advocate in the energy sector, Women in Energy Network (WIEN), has expressed immense joy at the eventual approval of oil and gas asset divestment transactions by the government. President of WIEN, Mrs Eyono Fatayi-Williams, declared in Lagos…
NCDMB to build credible players, weed out job traders
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has declared its unbending resolve to bolster the capacity and effectiveness of credible local companies partnering the agency in delivering the prime economic objectives in the petroleum industry. The Executive…
Is NASS’ interlope in the NLNG Train-7 project disruptive?
Sopuruchi Onwuka The seeming altercation between the National Assembly and parties in the Train-7 project of the Nigeria Liquefied Natural Gas (NLNG) Limited exudes belligerent signals that threaten to worsen the fragile Nigerian business climate which is already suffering massive…
NNPC, TotalEnergies to stake $550m on Ubeta field development
Sopuruchi Onwuka Parties in the operations of Oil Mining Lease (OML) 58 onshore Niger Delta have agreed to deploy additional half billion dollar investment in further development of the acreage area where two oilfields are already producing tirelessly for…
Shell partners WIEN on learning, mentorship schemes
Sopuruchi Onwuka Major upstream oil multinational, Shell, has entered collaboration with leading gender equity group in the energy industry, the Women In Energy Network (WIEN), to provide broader learning platforms for female professionals in the sector. The new collaboration would…
FG hails NCDMB, Xernegi on KGG benefits
The Honorable Minister of State for Petroleum Resources (Gas), Rt. Hon. EkperikpeEkpo, has commended the Nigerian Content Development and Monitoring Board (NCDMB) and Nedogas Development Company Limited for initiating and successfully executing the 300 million standard cubic feet (MMscf) Kwale…
Oando hauls in $550 m for NNPC’s Project Gazelle
Sopuruchi Onwuka Strong financial performance of Oando Plc in 2023 has not only reactivated investors’ interest in the company’s shares but also enabled the indigenous energy company to lead collaboration in raising $925 million for the Project Gazelle of the…
NCDMB to reposition NCIF for higher impact
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has tasked the custodians of the Nigerian Content Intervention (NCI) Fund and the parent Nigerian Content Development Fund (NCDF), to strive for greater efficiency and impact of the fund in…
Labour suspends strike as FG flaunts higher minimum wage
Sopuruchi Onwuka The Nigerian Organized Labour has suspended the crippling industrial actions it started Monday to press home its demands for enhaced minimum wage for workers in the formal sector. The Nigeria Labour Congress (NLC) and the Trade Union Congress…
