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NCDMB says only local industrial performance drives economic growth
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has declared significant milestones in strengthening the capacity, competence, and global competitiveness of Nigerian companies, reinforcing local content as a catalyst for industrialization and economic development. Executive Secretary, Engr. Felix…
Slow regulatory approvals threaten oil output targets __ PETAN
NCDMB proves exception with rapid response Sopuruchi Onwuka Industry players in Nigeria’s upstream petroleum sector have warned that slow regulatory approvals and prolonged contracting cycles are undermining efforts to ramp up crude oil production by over one million barrels per…
NNPC Ltd to drive infrastructural expansion with new gas masterplan
Sopuruchi Onwuka Nigerian National Petroleum Company Limited (NNPC Ltd) weekend officially unveiled its Gas Master Plan tagged NGMP 2026, saying the measure is part of ongoing efforts to reposition Nigeria’s gas sector to drive national industrialization, guarantee energy security, and…
Dangote Refinery declares cooperation with NMDPRA, raises output to 120m litres daily
Sopuruchi Onwuka Dangote Petroleum Refinery has declared its willingness to cooperate fully with the new management of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) following the removal of its former chief executive, Engr Farouk Ahmed. The company also…
Nigeria’s oil output up in December; inflation down as CBN changes methodology
Sopuruchi Onwuka Nigeria’s oil production rose slightly in December, increasing to 1.50 million barrels per day (mbpd) from 1.49 mbpd in November. Output therefore matched the country’s OPEC+ quota of 1.50 mbpd. For 2025 as a whole, oil production averaged…
Oil jumps as markets price in rising risk of US strike on Iran
Sopuruchi Onwuka Oil prices surged to around $71.50 per barrel on Thursday, the highest level since late September, as markets rapidly priced in the growing risk of direct US military action against Iran. Analysts say the speed of the rally…
NLNG rebrands Nigeria Prizes for Literature, Science, Creative Arts
Sopuruchi Omnwuka Nigeria LNG (NLNG) Limited has unveiled new visual brand identities for The Nigeria Prize for Literature, The Nigeria Prize for Science, and the newly introduced The Nigeria Prize for Creative Arts; marking a new phase in the evolution…
EKEDC Appointment: WIEN Congratulates Sherifat Adegbenro
The Women in Energy Network (WIEN) has congratulated one of its members, Sherifat Adegbenro, on her appointment as Deputy Managing Director of Eko Electricity Distribution Company (EKEDC). Adegbenro was until her appointment the Chief Audit and Compliance Officer at EKEDC….
NUPRC lowers entry barriers, tightens rules for 2025 licensing round
Sopuruchi Onwuka The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has clarified key requirements for the ongoing 2025 oil licensing round, stressing that only bidders with strong technical and financial capacity will progress in the process. The Commission’s Chief Executive, Mrs….
Dangote Refinery increases petrol price by N100 to N839 per Litre
Admits poor price reduction management by MRS retail outlets Sopuruchi Onwuka Dangote Petroleum Refinery & Petrochemicals has announced an increase in loading price for the Premium Motor Spirit (PMS) popularly called petrol at its gantries, indicating a N100 jump in…
