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Industry & Commerce

NLNG’s restates commitment to local content

Nigeria LNG Limited (NLNG) last weekend hosted the Nigerian Content Stakeholders Retreat at its plant complex in Bonny, in demonstration of its unwavering commitment to the advancement of local content in Nigeria. The three days event provided a platform for…

Wabote counts local content benefits at MG VOWGAS’s facilities

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote on Tuesday commissioned MG VOWGAS’ newly installed 200-ton heat treatment furnace and state-of-the-art dish head forming machine at the company’s yard in Port Harcourt,…

Oando is ahead of Africa’s ESG curve

Nigeria’s leading indigenous energy solutions provider, Oando, has been confirmed the leader in Africa’s efforts to conform to new global environmental and sustainability standards through its innovative investments in business portfolios that wipe off its operational footprints on the environment….

Wabote, Barth Nnaji chorus Nigerian Content remedy to forex crisis

Sopuruchi Onwuka Amidst the growing anger in the country over the rising rate of foreign exchange, prominent industry technocrats with critical roles in the economy have agreed that strict application of the existing local content laws would reverse the demand…

NGA engages Presidency on collaboration against industry challenges

The Nigerian Gas Association (NGA) recently had the honour of paying a courtesy visit to the Special Adviser (SA) to the President on Energy, Mrs. Olu Verheijen and warmly congratulated her on her appointment. The NGA expressed its utmost confidence…

‘Capital Oil reached non-political resolution with AMCON’

Sopuruchi Onwuka One of Nigeria’s fastest oil marketing companies, Capital Oil and Gas Industries Limited, is on its way out of the woods after reaching consent judgment with the Asset Management Company of Nigeria (AMCON) over the loan disputes that…

NCDMB decries Africa’s low EPIC capacity in petroleum industry

African nations seeking to achieve economic prosperity must develop local capabilities to process, utilize, and export their resources as a means of powering their growth and development. The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr….

Abia govt offers partnership, infrastructural incentives to petro-allied investors

Sopuruchi Onwuka Commercial concerns interested in building facilities for production of petroleum and allied chemical products can now explore free land and partnership with the government of Abia State which has offered enhanced localized industrial parks for players in the…

FG should provide environment for energy diversification investments __Falcon MD

Sopuruchi Onwuka Managing Director of Falcon Corporation, Mr Audrey Joe-Ezigbo, has added a strident voice to the resonating pan-industry demand for enhanced fiscal regimes, operating terms and infrastructural environment to enable the country position strongly in the unfolding energy transition….

NCDMB critical to Tinubu’s economic recovery agenda – Lokpobiri

Sopuruchi Onwuka Use of products and services produced in-country is critical to the economic recovery agenda of the present government of President Bola Ahmed Tinubu, according to the Minister of State for Oil, Senator Heineken Lokpobiri. The minister said that…