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EKEDC earns ISO 27001 Certification
Sopuruchi Onwuka Leading indigenous utility company, Eko Electricity Distribution Company (EKEDC), has earned international recognition for installing and operating measures that prevent and mitigate loss, damage, theft, and other threats to information assets. According to the company’s corporate communications unit,…
NCDMB graduates indigenous underwater divers
Partners Nigerian Navy, MDTI on in-country capacity The Nigerian Content Development and Monitoring Board (NCDMB) has graduated a batch of 20 young Nigerians at the Nigerian Navy Underwater Warfare School, Navy Town, Ojo, Lagos State. The programme held in partnership…
NAOC Divestment: Time to dismantle transaction clogs
Sopuruchi Onwuka It has become necessary and even urgent for regulators in the industry to evolve a smooth process for implementation of the relevant sections of the Petroleum Industry Act relating to entry and exit of investors in the upstream…
China to haul $40 bn at chip industry competition
China’s government is working to push massive 300 billion yuan, the equivalent of $41 billion, into its semiconductor sector as the country ramps up efforts to catch up with the U.S. and other rivals. The cash haul to be raised…
Saudi Arabia, Russia buoy oil prices with supply cuts
Sopuruchi Onwuka Leading members of the OPEC+, Russia and Saudi Arabia, have decided to maintain unilateral production cuts till the end of the years in successful bid to keep prices of the commodity above $90 per barrel ($90/b). The supply…
Nigeria becomes global LNG market laggard
Sopuruchi Onwuka Global supply of liquefied natural gas or LNG jumped by significant 5.0 percent in 2022 as increased flow of supply manly from the United States and Middle East shifted from China to Europe where pipeline gas from Russian…
Nigeria’s energy trade charts show internal strategy mess
Sopuruchi Onwuka Nigerian energy trade losses entered a deceleration mode not because the volumes of imports championed by the Nigerian National Petroleum Company (NNPC) Limited reduced, but because the spirited audacity of private local businessmen that risked billions of Naira…
NCDMB’s NCIF supports local businesses with N259 bn
Lays funding model forAfrican energy industry Sopuruchi Onwuka The Nigerian Content Intervention Fund (NCIF) of the Nigerian Content Development and Monitoring Board (NCDMB) has delivered commitment of $324 million or N38.4 billion to significant 69 local businesses in the country….
NCDMB to launch 17 firms from technology incubation centre
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has declared that it will today launch new 17 portfolio companies that have passed through the Board’s Technology Incubation and Innovation Centre (TIIC). The local capacity building agency and domestic…
ACFTA: China’s $160 bn package to fund African industrialization
Sopuruchi Onwuka New race for African governments in the ongoing Chinese loan disbursements would be to advance industrial propositions that would enable flow of local goods and services in the toll free African Continental Free Trade Area (ACFTA), shifting the…
