Home / Business and Economy

Business and Economy

NNPC Ltd advocates collaborative war room to tackle challenges faced by independent producers

The Nigerian National Petroleum Company Limited (NNPC Ltd) has called for deeper collaboration among upstream operators, especially independent producers, to find solutions to the challenges hindering the effective development of divested assets in the nation’s oil and gas industry. The company’s Executive Vice President, Upstream, Mrs. Oritsemeyiwa Eyesan, made the …

Read More »

Minister inaugurates NCDMB Governing Council, pledges to increase local content achievements

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri on Thursday in Abuja inaugurated the 4th Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB). The NCDMB Governing Council is set up under the Nigerian Oil and Gas Industry Content Development (NOGICD) Act and draws membership …

Read More »

NLNG advocates enhanced digitalisation in the Nigerian energy sector

Nigeria LNG Limited (NLNG) on Tuesday in Abuja called on players in the Nigerian energy industry to draw insights from NLNG’s ongoing integration of digital technologies to improve operational efficiency, reduce emissions, increase revenue and remain competitive as it deals with rapid global changes and energy transition. During a panel …

Read More »

Monetary policy reforms will check inflationary tide, check foreign exchange distortions – CBN

CBN Governor,  Yemi Cardoso By Kadiri Abdulrahman Abuja, Feb. 27, 2024 The Central Bank of Nigeria (CBN), says its on-going reforms will check rising inflationary trend and address distortions in the foreign exchange market. The CBN Governor, Yemi Cardoso said this on Tuesday in Abuja, while presenting the communique from …

Read More »

NLNG, LCCI seek business community’s collaboration to promote respiratory technologies for newborns

  By Abiodun Azi and Funmilola Gboteku Lagos, Feb. 21, 2024 The Nigeria LNG Limited (NLNG) and  Lagos Chamber of Commerce and Industry (LCCI) have called for increased collaboration between the business community and science and research sector in Nigeria. According to them, this will help to close the gaps …

Read More »

Abia Govt to build tuition-free schools for skills acquisition; Geometric Power Generating Company to be commissioned Saturday

By Ihechinyere Chigemeri-Uwom Umuahia, Feb. 19,2024 The Abia Government says that plans are under way to set up tuition-free schools for skills acquisition in the three senatorial zones of the state. This is as arrangements are in top gear for the commissioning of the Geometric Power Generating Company on Saturday, …

Read More »

SERAP gives NNPCL 7 days to account for ‘missing $2.04bn, N164bn oil revenues’

Socio-Economic Rights and Accountability Project (SERAP) has urged Mr. Mele Kolo Kyari, Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited to “promptly account for and explain the whereabouts of the alleged missing USD$2.04 billion and N164 billion oil revenues.” SERAP said the allegations are documented …

Read More »

Local Content: NCDMB holds knowledge-sharing session with Mozambique

In keeping with Nigeria’s leadership role in the development of Local Content in Africa, the Nigerian Content Development and Monitoring Board (NCDMB) has concluded a two-day Local Content development experience-sharing session with a delegation from Mozambique’s national oil company, Empresa Nacional de Hidrocarbonetos (ENH). The engagement was held on the …

Read More »

AfCFTA: NCDMB advocates database of skills, uniform standards for goods, services

As plans to implement the African Continental Free Trade Agreement (AfCFTA) continue to unfold, the Nigerian Content Development and Monitoring Board (NCDMB) has advocated the removal of visa restrictions among African nations, the creation of a database of available skills, and the simplification of cross border deployment of labour. The …

Read More »

Ministry of Industry partners NIDCOM to boost Diaspora investment opportunities in Nigeria 

Abuja, Feb. 13, 2024. The Minister of Industry, Trade and Investment, Dr Doris Uzoka-Anite has expressed the need to work with the Nigerians in Diaspora Commission (NIDCOM) to boost diaspora investments in the Country. Speaking during a courtesy call by the Chairman/CEO, Nigerians in Diaspora Commission (NIDCOM), Hon. Abike Dabiri-Erewa, …

Read More »