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Nigerian Content Fund exceeds $500m
Sopuruchi Onwuka The Nigerian Content Intervention (NCI) Fund has exceeded half a billion dollars, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote has said. He spoke recently at the Sub-Saharan African International Petroleum…
NCDMB, ITF train 100 youths
Sopuruchi Onwuka Hundred Nigerian youths have commenced training in the vocational skills programme sponsored by the Nigerian Content Development and Monitoring Board (NCDMB) and facilitated by the Industrial Training Fund (ITF). The training covers eight skills areas, and they include…
NCDMB maps 50m Fund for oil industry manufacturing
Commissions ultra-modern valve assembling plant Sopuruchi Onwuka He disclosed that the NOGAPS Manufacturing fund will soon be launched and will be managed by the Bank of Industry (BoI) to address the identified challenges. The Nigerian Content Development and Monitoring Board…
NNPC posts N100.931 bn export revenue for August ‘21
Sopuruchi Onwuka The Nigerian National Petroleum Company (NNPC) Limited has declared $224.29 million or N100.931 billion receipt from its upstream operations in August 2021, mainly accounting to crude oil and gas export within the period. Group General Manager in charge…
Energy Transition: $36.3 bn investments drive global hydropower to 1200 GW
Sopuruchi Onwuka The global hydropower generation is to hit significant 1,200 gigawatts (GW) for the first time by the end of 2022 when investments in the industry is also expected to reach monumental $36.3 billion, as countries increasingly explore suitable…
Methanol-laden petrol: Buhari directs Sylva to query NMDPRA boss, as agency identifies source supplier
Sopuruchi Onwuka President Muhammadu Buhari has waded into the bad petrol controversy, directing the Minister of State for Petroleum Resources, Chief Timipre Sylva, to query the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk…
BFI Group ready to reactivate ALSCON
Sopuruchi Onwuka A Nigerian American consortium, the BFI Group, has declared its readiness to begin processes for reactivation of production at the Aluminum Smelter Company Limited in order to fast tract the ongoing economic diversification of the government. The development…
Energy transition: Africa to host 2 bn cars by 2040
Sopuruchi Onwuka Nigeria and other developing economies of the world must brace to host about two billion vehicles that are fired with petroleum fuels as the industrialized nations that currently champion the global movement for energy transition plan total switch…
Nigeria turns an OPEC laggard as oil demand surges above 100 mbd
Sopuruchi Onwuka Nigeria’s crude oil production maintained fluctuating trend in December 2021, shedding 43,000 barrels per day to end the year at 1.338 million barrels per day. According to the Monthly Oil Market Report of the Organization of Petroleum Exporting…
NGA holds industry forum to explore opportunities for gas in Nigeria’s PIA regime
Apex professional body responsible for the promotion and protection of the interests of the gas industry in Nigeria, NGA holds industry forum to explore opportunities for gas in Nigeria’s PIA regime. In consonance with the Federal Government of Nigeria’s vision…
