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NCDMB backs confab on local content implementation in insurance industry
Lagos: June 12, 2023; The Nigerian Content Development and Monitoring Board, NCDMB, has accepted to lead discussion at the 2023 National Conference on Building Local Content Synergy between the Insurance Industry and Oil and Gas Sector. Executive Secretary of the…
Chioma Afe is Seplat’s new Director of External Affairs and Sustainability
Sopuruchi Onwuka Seplat Energy Plc has announced the appointment of Mrs. Chioma Y. Afe as the Director in charge of External Affairs and Sustainability. Mrs Afe took her seat for the role on June 15, 2023. Chioma is an accomplished…
Deregulation: NGA welcomes revival of Autogas policy
Sopuruchi Onwuka Local players in the Nigerian gas valuechain, The Nigerian Gas Association (NGA), has commended government’s renewed plan to revive the autogas policy and cushion the cost impact of deregulation in the prices petrol in the country. The stated…
Rungas, NCDMB partner in 3 m/yr gas cylinder production
Sopuruchi Onwuka Indigenous gas cylinder producer, Rungas, will in next 18 months scale up output to over 3.0 million type 3 composite cylinders per annum. General Manager, Tarilate Iyabi, who spoke with The Oracle Today in Yenegoa, Bayelsa State, stated…
Fuel crisis: Signals the market is still under capture
Sopuruchi Onwuka The prevailing spar between the organized labour and the new government of President Bola Tinubu over the controversial increase in fuel prices tend to conceal a critical distortion in the market, shifting attention from market liberalization to insidious…
Fuel price hike: confusion overtakes stakeholders
Market still not deregulated despite price increase State monopoly still rules supplies Regulator disabled Sopuruchi Onwuka The arbitrary increase of petrol prices announced by the Nigerian National Petroleum Company (NNPC) Limited Wednesday morning is definitely a total deviation from the…
Snake Island Port to earn FG N3.6 trn revenue
Sopuruchi Onwuka The development and expansion of the Snake Island Port in Lagos State generate over $5.2 billion or N3.6 trillion in revenues for the government of Nigeria under a project outline that commands princely $1.85 billon private investment. The…
Subsidy removal: Regulators, players move to arrest fuel scarcity
Sopuruchi Onwuka The declaration of President Bola Tinubu that the subsidy on the retail price of premium motor spirit popularly called petrol is gone has sparked a new round of confusion in the domestic fuel market, prompting the commercial players…
Subsidy removal: President Tinubu pulls inflation triggers
Subsidy jumps from N800 bn in 2014 to N4 trn NNPC under accountability, transparency burden Sopuruchi Onwuka President Bola Ahmed Tinubu, on Monday set off fuel scarcity in the country as marketing companies responded to his inaugural address in which…
Nigerdock to invest N700 bn in Snake Island Port
Sopuruchi Onwuka Nigeria’s leading maritime and logistics company operating an integrated port and free zone in Lagos, Nigerdock, is working out detail of fresh investment that would transform the Snake Island into a robust quayside. The new wharfs would provide…
