Business Hilights

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Energy

13th NNPC Sports Fiesta Kicks Off in Abuja

The 13th NNPC Ltd. Sports Fiesta will kick-off tomorrow (Sunday, February 18th, 2024) at the Moshood Abiola National Stadium in Abuja as the Company strives to retain its legendary status of the team to beat in the Nigeria Oil &…

NCDMB Holds Knowledge-Sharing Session with Mozambique in Lagos

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…

NNPC Ltd/Total Energies JV Claims Achievement of Zero Gas Flare

Pursuant to meeting the targets of 20% (unconditional) and 47% (conditional) greenhouse gas emission reduction as contained in the Nationally Determined Contribution under the Paris Accord signed by the President Bola Ahmed Tinubu administration, the NNPC Ltd/TotalEnergies Joint Venture has…

FG’s debt of N3trn to Gas Firms, Discos frustrating power supply nationwide

Facts on the observed poor power supply nationwide have emerged. The federal government has stated that the inability to pay over N3 trillion it owes gas companies and electricity generating companies is responsible for the low electricity supply in the…

AfCFTA: NCDMB Advocates Database of Skills, 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,…

SPDC Pumps 475,000 Barrels Of Crude Oil To refurbished Port Harcourt Refinery

Leading multinational, the Shell Petroleum Development Company of Nigeria Ltd says it has completed the supply of over 475,000 barrels of crude oil to the Port Harcourt Refining Company Ltd (PHRC), through its Bonny Oil & Gas Terminal (BOGT). This,…

Senate Committee, NCDMB To Collaborate on Local Content Implementation

The Senate Committee on Local Content on Wednesday held the first interactive session with the leadership of the Nigerian Content Development and Monitoring Board (NCDMB) at the Senate Building at Abuja and resolved to collaborate and deepen the implementation of…

Shell officials Visit NCDMB, Plans FID for Bonga, Gas Projects

Top echelon in the management of Shell Companies in Nigeria on Wednesday sought the support of the Nigerian Content Development and Monitoring Board (NCDMB) to achieve accelerated development of three major oil and gas projects notably Bonga North deepwater and…

NNPC, CBN deepen synergy for Seamless Commercial Operation

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Mallam Mele Kyari, and the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, have reviewed the decision of the NNPC Ltd. to domicile…

NNPC assures no Increase in PMS Prices, warns against panic buying

Whereas there has been a resurgence of massive lines in several petrol stations across the country, the Nigerian National Petroleum Company (NNPC) Ltd. Has assured the public that there is no imminent increase in the cost of Premium Motor Spirit…