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Wabote charges oil firms on diversification, energy transition
Commissions GIL Automation’s factory The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote on Thursday in Lagos performed the commissioning of GIL Automations’ cable tray and switchgear factory and the opening of its…
OTL: Import based fuel supply hampers African economy
The inability of African countries to develop commensurate refining capacity to meet internal fuel consumption is responsible for the myriad of economic woes associated with reliance of mass importation of petroleum products. Women in Energy Network and other industry groups…
NCDMB earns industry support on R&D Roundtable
Research and development efforts in the Nigerian oil and gas industry have been given a huge boost as key operators under the aegis of Petroleum Contractors Trade Section (PCTS) have offered to provide an array of support that would facilitate…
Moody’s places Nigeria’s biggest banks on downgrade review
Moody’s Investors Service has placed on review for downgrade the long-term deposit ratings, as well as the long-term issuer and senior unsecured debt ratings of the nine largest banks in Nigeria under it coverage. In a statement, Moody’s said the…
Wabote bags National Excellence Award in Public Service
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote, stood eminent with the “Distinguished Capacity Development Award” at the Nigeria Excellence Award in Public Service (NEAPS), byPresident Muhammadu Buhari (GCFR). The award was…
Flood, banditry, inflation menace Nigerians with starvation
Sopuruchi Onwuka The prediction of hunger which has formed a consistent warning since the occupation of the farming communities of the country has been amplified by the prevailing spate of flood incidents that submerged vast farmland and wiped hopes of…
NLNG clarifies that Bonny plant maintains limited operations
Nigeria’s liquefied natural gas export company, the NLNG Limited, has made it clear that whereas flooding and associated feedgas cuts have impacted it operations, the company still processes and exports its products at limited capacity. Spokesman, Mr Andy Odeh, clarified…
DEBT OVERHANG: FG to convert $45.4 bn CBN loan to 40-year bonds
Sopuruchi Onwuka Federal government has introduced new debt management measures that would convert about N20 trillion or $45.4 billion of loans taken from the central bank to 40-year bonds, agency sources reported. Director General of the Debt Management Office (DMO),…
Buhari signs the Start-up Act into law
President Muhammadu Buhari has finally signed the Nigerian Startup Bill into law, providing the legal climate for the administration and regulation of play in the nation’s digital ecosystem. Minister of Communications & Digital Economy, Isa Pantami, declared Thursday in his…
Wabote advocates pan-continental collaboration on capacity development
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has called forclose collaboration among African oil-producing countries, particularly in human capacity development, joint development of energy projects, and research and development. He spoke…
