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APPO retains Nigeria’s Omar Farouk Ibrahim as Secretary General
Sopuruchi Onwuka The Council of Ministers of the African Petroleum Producers Organization (APPO) has extended the tenure of Nigeria’s Omar Farouk Ibrahim as the Secretary General of the body which coordinated energy policies and programmes for socio-economic development of the…
Naira redesign: Politicians dump Naira at forex market
Sopuruchi Onwuka Huge volumes of apparently stashed away for election purposes are finding their way to the parallel foreign exchange market on fears of being tracked if they make their ways to the banks. The rush to mop up foreign…
Emeka Okwuosa: Outstanding recognition for emissary of power
Sopuruchi Onwuka Chairman of Oilserv Group, Sir Emeka Okwuosa, is an unusual Nigerian who stands out among the very few Africans who are distinguished by their exceptional capacity for value creation and contributions towards the growth of standards in their…
Flood disaster: Agip JV moves in with relief for Rivers, Bayelsa, Imo and Delta states
The petroleum exploration and production joint venture operated by the Nigeria Agip Oil Company (NAOC) on behalf of Nigerian National Petroleum Company Limited (NNPCL) and Oando has responded the needs of flood victims in the Niger Delta with provision of…
NCDMB lauds Crestech on capacity building, job creation
The Nigerian Content Development and Monitoring Board (NCDMB) has commended Crestech Engineering Limited on its full support towards the capacity building and job creation objectives of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act. Director, Monitoring and Evaluation…
Oil windfall: S. Arabia bathes in dollar rain
In African and American members of the Organization of Petroleum Exporting Countries (OPEC), fiscal crisis sustains the traditional narrative of resource curse where poverty grows in the midst of oil revenue windfall. But in the Middle East where Saudi Arabia…
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…
