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NCDMB accounts for $60 bn FDI, $112 bn value retention
Since you became the Executive Secretary of the Nigerian Content Development and Monitoring Board six years ago, you have been credited with several achievements. Which of these achievements do you consider most strategic? I think the most strategic for me,…
British Labour Party pledges renewable energy investments
The Labour Party in the United Kingdom has declared intention to float a state energy firm that would transition the country into renewable sources, agency sources reported. Sir Keir Starmer has announced plans to create a publicly-owned renewable energy company…
Toyota ends operations in Russia
Declares $2.5B investment in US battery production Amid Russia’s ongoing war with Ukraine, Toyota announced it will permanently end vehicle manufacturing operations at its plant in Saint Petersburg. This represents all Toyota vehicle manufacturing in Russia, though the company will…
Davinci unveils DC100 Classic E-bike
As industry remembers Citroen’s Helicron Chinese electric motorcycle manufacturer, Davinci, has introduced a classic-inspired electric motorcycle that offers performance similar to a 1,000cc machine. According to industry news medium, Ride Apart, the electric bike model come into an electric motorcycle…
MIT Researchers enter salty solution to EV charging technology
Researchers at the Massachusetts Institute of Technology (MIT) have developed fast, cheaper and more sustainable components that would revolutionize the charging time for electric vehicles, solving one of the common fears of users. The researchers stated in a report that…
NCDMB partners Shell, Total on GTC PH upgrade
Nigerian Content Development and Monitoring Board (NCDMB) is collaborating with Shell Petroleum Development Company (SPDC) and Total Energies Ltd to transform Government Technical College (GTC), Port Harcourt, Rivers State into a center of excellence. The target is to use the…
Contract Activation: Geometric Power lays viability template for NESI
Nnaji calls for grid decentralization Sopuruchi Onwuka Activation of contract governed transactions among all players in the gas-to-power programme of the government holds potential to arrest the worsening debt overhang in the sector and also improve all efficiency levels in…
Quest sees greater investor investors’ confidence in PIA
Sopuruchi Onwuka Quest Oil & Engineering Services Limited, an indigenous energy provider, has said that the recently passed Petroleum Industry Act (PIA) will engender trust and enhance investors’ confidence towards achieving a successful transitioning of the Nigerian Oil and Gas…
Savannah Energy, Notore enter fresh GSA
Sopuruchi Onwuka British independent energy company, Savannah Energy PLC, has declared that its local affiliate, Accugas Limited, has inked a new gas sales agreement (GSA) with Notore Chemical Industries PLC (Notore). Savannah brands itself as Africa focused and indirectly owns…
FG, electricity workers reach truce, suspend strike
Total national blackout was averted yesterday after the officials of the Ministry of Labour and Productivity engaged electricity workers union in a fruitful negotiation to resolve demands that led to a strike which was capable of pulling down the already…
