NCDMB, NLNG Drive partnership on projects, LPG penetration
… $5bn Train 7 to create 50,000 jobs The Nigerian Content Development and Monitoring Board (NCDMB) and the Nigeria Liquified Natural Gas Limited will set up a tactical team comprising nominees from both organizations to drive closer collaboration on projects,…
NCDMB Donates Vocational Centre to UI, Harps on Technical Education
The Nigerian Content Development and Monitoring Board (NCDMB) on Friday handed over the University of Ibadan Vocational School which it constructed in line with its capacity-building mandate and the Nigerian Content 10-year strategic roadmap. Handing over the facility to the…
As NNPC reports Oil Theft, Saudi Aramco’s Net Income Up By 90%
At a time the Nigeria’s oil industry giant, the NNPC Limited is reporting jumping oil theft and incapacitation, facts and figures from www.TradingPlatforms.com, reveal that Saudi Arabia’s state-owned energy corporation, Saudi Aramco, has made huge earnings during the energy crisis…
NNPC renews PSCs, licences of five OMLs
The Nigerian National Petroleum Company (NNPC) Limited has renewed oil production sharing contracts (PSCs) with its partners, after nearly three-decade. NNPC said it also resolved lingering disputes with its production sharing contracts (PSCs) contractors. PSCs are contracts between E&P and…
NCDMB, Siemens drive STEM in Schools
The Nigerian Content Development and Monitoring Board (NCDMB) in partnership with Siemens Energy has commenced the training of 60 primary school teachers in Bayelsa state on the innovative teaching of Sciences, Technology, Engineering and Mathematics (STEM). The programme comes under…
We recognize business success tied to society’s progress—CNL Boss, Kennedy
Chevron Nigeria Limited (CNL) has operated in the oil and natural gas fields of Nigeria and has been contributing to the growth and prosperity of the country for over 60 years. With its abundant supply of natural resources, Nigeria is…
Buhari Overrides NNPC, seals ExxonMobil Deal With Seplat Energy
President Muhammadu Buhari has approved the acquisition of ExxonMobil Corporation assets by Seplat Energy Plc despite moves by the state-owned oil company to block the deal. In February, Seplat had entered into an agreement to acquire the entire share capital…
Shell set to resume operations in Imo, Says Govt
Shell Petroleum Development Company (SPDC) is set to return to Imo to resume operations after years of exiting the State as a result of insecurity. The cheery news was broken on Thursday by Governor Hope Uzodimma after a between him…
NCDMB commends Total Energies for revamping GTC PH
The Nigerian Content Development and Monitoring Board (NCDMB) has commended TotalEnergies Exploration and Production Nigeria Limited for embarking on infrastructural upgrade of the Government Technical College (GTC), Rivers State. The projects include the construction of technical workshop, 200-bed hostel, and…
Presco Plc reports a standalone EPS growth of 12.7% y/y
Presco Plc (PRESCO) published its Q2-22 unaudited financials on Friday (July 29) reporting a standalone EPS growth of 12.7% y/y to NGN7.59 in Q2-22 (Q2-21: NGN6.73). Accordingly, H1-22 EPS stood at NGN13.47 (+33.1% y/y). The growth in EPS was driven…
