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Ambiguous Presidential directives create systemic problems –Nwapa

Sopuruchi Onwuka Former Executive Secretary of the Nigerian Content Development and Monitoring Board (MCDMB), Dr Ernest Nwapa, has declared that observed ambiguities in the Presidential Directives have created systemic problems that require institutional adjustments to address. Nwapa who delivered a…

Business Economy Energy

Ambiguous Presidential directives create systemic problems –Nwapa

Sopuruchi Onwuka Former Executive Secretary of the Nigerian Content Development and Monitoring Board (MCDMB), Dr Ernest Nwapa, has declared that observed ambiguities in the Presidential Directives have created systemic problems that require institutional adjustments to address. Nwapa who delivered a…

IEA sees huge global oil market oversupply

Market watchdog providing advisory for industrialized European and American countries, the International Energy Agency (IEA) has predicted supply glut in the global oil market in the last quarter of the year and 2026. The agency which services the interest of…

NUPRC declares N373 bn for HCDTs, 536 Host Community projects

Sopuruchi Onwuka Government’s intervention in development of petroleum industry host communities have continued to generate greater dividends for the people as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) declares that the Host Community Development Trusts (HCDT) managing industry intervention in…

NCDMB, development banks update players on NCDF finance cycle

The Nigerian Content Development and Monitoring Board (NCDMB) is engaging players in the Nigerian petroleum sector with clear explanations on enhanced innovations in the management of the Nigerian Content Development Fund (NCDF) designated for facilitating project delivery in the local…

NCDMB’s digitization initiative targets transformation in oil sector

Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) says its Digitization Initiative is designed to promote digital transformation, local content growth, and youth empowerment through strategic partnerships. The agency which leads capacity development in the petroleum industry stated…

Eterna CEO calls for targeted funding for domLPG penetration

The Managing Director of Eterna Plc, Mr Olumide Adeosun, has called for targeted investments in the liquefied petroleum gas (LPG) sector to expand access and drive clean cooking adoption across the country. Mr Adeosun who spoke on ‘’Driving Sustainable Energy…

Players demand priority for gas investment bankability

Sopuruchi Onwuka Commercial investors and industry captains in the nation’s petroleum industry have demanded government to strengthen policy pillars that guarantee profitability of investments in realizing the country’s key objective of developing the domestic gas market. Delegated and panel debaters…

NUPRC woos investors ahead of licensing round

Players stake $18.2 bn to produce 600kbd Sopuruchi Onwuka Nigerian is pushing determined programmes to aggressively rebuild oil and gas production capacity from an industry that suffered acute investment drought and consequent plunge in production volumes in the past decade….

Sanya by Oyin Olugbile wins Nigeria Prize for Literature, 2025

New Prize category on Creative Arts introduced Sanya by Oyin Olugbile has emerged winner of the 2025 edition of The Nigeria Prize for Literature, clinching one of Africa’s most prestigious literary honour valued at $100,000. The announcement was made on…