NCDMB leads other MDAs on PEBEC 2022 Executive Order Compliance Report
Latest ranking by the Presidential Enabling Business Environment Council, PEBEC, on the compliance with the Executive Order on Transparency and Efficiency in the Nigerian Business Environment, shows that the Nigerian Content Development and Monitoring Board (NCDMB) is first most compliant…
Just in: Seplat Board reacts to CEO’s ordeal, says allegations false
Contrary to initial media reports earlier this week that the CEO of leading indigenous oil and gas giant, Seplat, Roger Brown Thompson has been stripped of his work/resident/visa permits over racism and other discriminatory allegations, the Board of the company…
NCDMB, BOI unveil US$50m Fund for Oil Industry Manufacturing
The Nigerian Content Development and Monitoring Board (NCDMB) and Bank of Industry on Wednesday in Lagos launched a $US50 million dollars fund for NOGAPS Manufacturing Product Line. The fund is to incentivize companies that would operate in the Nigerian Oil…
FG withdraws Seplat’s CEO Work/Visa/Residence Permits over racism, others
Roger Thompson Brown, the Chief Executive Officer of Seplat, Nigeria’s indigenous oil and gas giant, has been hit by stripped of his Work, Visa and Work permits by the Federal Government through the Ministry of Internal Affairs in a letter…
Marketers link fuel scarcity to truckers’ fear of election crisis
The National Vice President, Independent Petroleum Marketers Association of Nigeria (IPMAN), Abubakar Maigandi, has given insights on why petroleum scarcity would persist even after guber election this Saturday. According to him, “Most people thought that there would be crisis, so…
Oil and gas industry overall contract value increased in 2022—Report
The oil and gas industry witnessed a year-on-year increase of 3% in overall contract value in 2022, despite a 4% decrease in contract volume, reveals GlobalData, a leading data and analytics company. GlobalData’s latest report, “Oil and Gas Industry Annual…
Chevron raises share buyback guidance from $10 to $20b per year
Chevron Corporation has reported on its progress to leverage its strengths to safely deliver lower carbon energy to a growing world at its annual investor meeting yesterday, Tuesday, February, 28, 2023. “Chevron intends to be a leader in both traditional…
NLNG gas off-takers building facilities in Apapa, Lekki to saturate market
Nigerian gas retail market is set to witness boom considering the number of upcoming receiving facilities in Apapa and Lekki waterfront corridors. Already, the Nigerian Liquefied Natural Gas (NLNG) Limited is growing plan of supplying LNG to the Nigerian market…
PIA 2021: NUPRC Boss commits to host community development trust
The Chief Executive of Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, has averred that the implementation of Host Community Provisions under Section 235 of the Petroleum Industry Act 2021 saddled the commission with the responsibility of ensuring conducive and…
FG silent as S’Africa Strengthens Solar Tax Incentives
Whereas the Federal Government is yet to understand the value in encouraging installation of solar powers by private individuals, South Africa’s Minister of Finance Enoch Godongwana has introduced two new tax measures to simplify and accelerate consumer adoption of solar…
