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Africa Climate Summit unveils renewable powerhouse

Sopuruchi Onwuka, with agency reports Delegates at the first African Climate Change Summit in Nairobi, Kenya, have been told to stop bickering over the cause and cost of climate change impact on the continent and concentrate on capturing the new…

Nigeria becomes global LNG market laggard

Sopuruchi Onwuka Global supply of liquefied natural gas or LNG jumped by significant 5.0 percent in 2022 as increased flow of supply manly from the United States and Middle East shifted from China to Europe where pipeline gas from Russian…

Nigeria’s energy trade charts show internal strategy mess

Sopuruchi Onwuka Nigerian energy trade losses entered a deceleration mode not because the volumes of imports championed by the Nigerian National Petroleum Company (NNPC) Limited reduced, but because the spirited audacity of private local businessmen that risked billions of Naira…

NCDMB deploys initial Project 100 firms, targets annual N1.6 trn value

Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has deployed the first set of 17 firms from its Project 100 programmes into building local capacity for technological innovation for the domestic petroleum industry services. The agency which regulates…

NCDMB’s NCIF supports local businesses with N259 bn

Lays funding model forAfrican energy industry Sopuruchi Onwuka The Nigerian Content Intervention Fund (NCIF) of the Nigerian Content Development and Monitoring Board (NCDMB) has delivered commitment of $324 million or N38.4 billion to significant 69 local businesses in the country….

BRICS expansion draws new market pattern, away from energy transition

Sopuruchi Onwuka The selection of new members into the bloc of developing countries hosted in BRICS will not only cause name change in the group whose name is an acronym of the five founding members: Brazil, Russia, India, China and…

NBS lowers parameter for rating employment

Sopuruchi Onwuka Government has reduced the consideration for being categorized as employed in the country to near idleness as the country’s unemployment figures continues to global peak, insisting that about 75 percent of working age adults are employed in the…

NCDMB commissions three ICT centres in Akwa Ibom

Sopuruchi Onwuka Three secondary schools in Akwa Ibom State will now conduct academic activities with the ease of Information and Communication Technology (ICT) infrastructure, courtesy of the Nigerian Content Development and Monitoring Board (NCDMB). The agency which is leading capacity…

NCDMB partners Stoilic Shipping on cadets training

The Nigerian Content Development and Monitoring Board (NCDMB) has held a kick-off ceremony marking the commencement of the Cadets Training Programme being organized with Stoilic Shipping Ltd, a renowned maritime training school. The event which was conducted in Apapa, Lagos…

NCDMB to launch 17 firms from technology incubation centre

Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has declared that it will today launch new 17 portfolio companies that have passed through the Board’s Technology Incubation and Innovation Centre (TIIC). The local capacity building agency and domestic…