ENERGY

At the NOG Energy Week in Abuja, industry leaders robustly defended Nigeria’s local content policy, rejecting claims that it inflates business costs in the oil and gas sector. They cautioned that such criticisms jeopardize the nation’s industrial progress and lauded the Nigerian Content Development and Monitoring Board (NCDMB) for its...

The Asset Management Corporation of Nigeria (AMCON) has announced that the Ibadan Electricity Distribution Company (IBEDC) has been sold. Gbenga Alake, the Managing Director (DMD) and Chief Executive Officer (CEO) of AMCON, disclosed details of the sale during a media parley on Thursday. In April 2024, the Federal Government said...

…revamps N50bn community contractors fund The Nigerian Content Development and Monitoring Board (NCDMB) has pledged its full commitment to implementing the recently introduced “Nigeria First” policy, a key directive of President Bola Ahmed Tinubu’s administration aimed at boosting local production and patronage of locally made goods and services, reducing dependence...

...records 100% availability on major crude oil pipelines The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced that the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline has successfully crossed the River Niger, boosting the hope of the project's completion by Q4 2025. Group Chief Executive Officer of NNPC Ltd, Engr. Bashir Bayo...

The Nigerian Content Development and Monitoring Board (NCDMB) and the Dangote Petroleum Refinery and Petrochemical Company on Tuesday inaugurated a Joint Technical Committee (JTC) aimed at advancing local content implementation during the operational phase of the 650,000 barrels per day refinery plant.  The inauguration ceremony which took place on Tuesday...

In a significant boost to Nigeria’s crude oil production and export capabilities, leading financial institution Fidelity Bank Plc has facilitated the construction of the country’s first privately built and operated onshore crude export terminal in over 50 years. The terminal, located at the Otakikpo Marginal Field in Rivers State and...

The Nigerian Content Development and Monitoring Board (NCDMB) and Nigeria Liquefied Natural Gas (NLNG) Limited on Wednesday in Port Harcourt inaugurated 140 trainees for an intensive three-month Advanced Nigerian Content Human Capital Development (NC-HCD) Programme for the US$10 billion NLNG Train 7 Project on Bonny Island, Rivers State. The trainees,...

The Nigerian National Petroleum Company Limited (NNPC Ltd) says the Port Harcourt Refining Company will be shutdown to undergo maintenance. A statement by the Chief Corporate Communications Officer NNPC Ltd Olufemi O. Soneye, disclosed that the scheduled maintenance and sustainability assessment will commence on May 24, 2025.  According to him,...

  President Bola Tinubu has approved the issuance of critical regulatory licenses for the Kolmani Integrated Development Project. The project is a multibillion-dollar oil exploration initiative located between Bauchi and Gombe states. The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, disclosed this during the commissioning of the permanent site of...

The Nigerian National Petroleum Company Limited (NNPC Ltd.) and Dangote Petroleum Refinery and Petrochemicals (DPRP) have pledged to deepen collaboration aimed at ensuring Nigeria’s energy security and advancing shared prosperity for Nigerians. This commitment came to the fore during a courtesy visit by the President/Chief Executive of Dangote Group, Mr....