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Economy

Corruption, hostile environment hinder US investments in Nigeria

Sopuruchi Onwuka The government of the United States of America has blamed uncongenial business environment and fear of corruption as key hindrances to investment capital flow from the world’s biggest economy into the Africa’s most populous country. The American Secretary…

Axxela joins United Nations Global Compact

Sopuruchi Onwuka Pioneer private sector developer of natural gas distribution pipelines in Nigeria, Axxela Limited (Axxela), declares that it has joined thousands of global corporate operators in promoting sustainability under the United Nations (UN) Global Compact initiative. Axxela is a…

Dorman Long thanks NCDMB, announces diamond celebrations

Sopuruchi Onwuka Local fabrication company, Dorman Long Engineering Limited, is grateful to the Nigerian Content Development and Monitoring Board (NCDMB) for its rapid growth in petroleum industry operations, saying that the Nigerian Content policy enabled its diversification from construction to…

Kyari decries theft, vandalism as threats to Nigeria’s energy sufficiency

Sopuruchi Onwuka The Nigerian National Petroleum Company Limited has tasked educational institutions in the country to join forces with the petroleum industry in evolving solutions to challenges that threaten the nation’s energy security. The Group Chief Executive Officer, Mallam Mele…

NCDMB proffers deepened collaboration with NUPRC, NIACOM

Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB is seeking robust collaboration among government agencies in realizing the prime economic aspirations in the Nigerian petroleum industry, insurance and other linkage sectors. Executive Secretary, Engr. Felix Omatsola Ogbe, who…

Nigerdock hosts UNIDO, NIPC delegations to foster investment and technology partnerships

Nigerdock, a leading Nigerian maritime and logistics company and promoter of Snake Island Integrated Free Zone (SIIFZ), recently hosted a delegation from the United Nations Industrial Development Organization (UNIDO) as part of efforts to drive the development of sustainable foreign…

NCDMB restates commitment to local capacity utilization

The Nigerian Content Development and Monitoring Board (NCDMB) has assured that patronage and deployment of indigenous oil and gas service companies would remain of strategic importance to take advantage of the massive development of operational capabilities since the implementation of…

NNPC Ltd, TotalEnergies adopt methane detection technology

The Nigerian National Petroleum Company Ltd. (NNPC Ltd.) has signed a Memorandum of Understanding (MoU) with TotalEnergies for the adoption and deployment of a methane detection technology known as Airborne Ultralight Spectrometer for Environmental Application (AUSEA) in all its upstream…

FG commissions gas leak detection device factory

The Federal Government through the Ministry of Petroleum Resources on Thursday commissioned the Amal Technology’s production facility for Gas Leak Detection Device and Printed Circuit Board, at Idu, Abuja. The homegrown innovation was initiated by Amal Technologies Limited and supported…

NAOC JV delivers medical equipment to Niger Delta states

Nigerian Agip Oil Company (NAOC) on behalf of NAOC Joint Venture has donated medical equipment to tertiary health institutions and hospitals in its four states of operations in Niger Delta, Nigeria. The commissioning and handover ceremonies were held recently during…