Industry

After a sharp increase in the price of gasoline at the pump in surrounding nations, the Federal Government on Monday expressed concern about the resumption of smuggling of the commodity. According to the report, the average cost of…
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The Nigerian National Petroleum Corporation (NNPC) Limited has signed a significant deal with a North American firm, Golar LNG, to float Liquefied Natural Gas (LNG) offshore in Niger Delta region. The spokesperson for NNPC,…
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By William Emmanuel Ukpoju In a strategic move to advance Nigeria's green industrial vision and bolster investor confidence, President Bola Tinubu has approved several significant appointments to the National Council on Climate…
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L-R: Executive Secretary, Nigerian Content Development and Monitoring Board, Engr. Omatsola Felix Ogbe,  Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperipe Ekpo, Deputy Governor, Delta State, His Excellency, Chief Monday…
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The Nigerian Content Development and Monitoring Board (NCDMB) plans to introduce some changes that will enhance the Nigerian Content Intervention (NCI) Fund and increase the fund's impact and efficiency. The Executive Secretary of…
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shittu One of the major players in the automotive industry, Lanre Shittu Motors Ltd (LSM), has concluded plans to deploy buses powered by Compressed Natural Gas (CNG) in alignment with the federal government’s initiative. Managing…
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Mele Kyari, GCEO of NNPC The House of Representatives has resolved to investigate the status of the oil exploration activities of the Nigerian National Petroleum Company Limited (NNPC) in the Kolmani Oil Field covering Gombe and Bauchi…
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African Export-Import Bank (Afreximbank) has announced an additional disbursement of US$925 million under the syndicated US$3.3 billion crude oil-backed prepayment facility sponsored by the Nigerian National Petroleum Company (NNPC)…
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Fuel subsidy is projected to gulp about N5.4 trillion in 2024, according to the federal government. This is against the N3.6 trillion budgeted for the same intervention in 2023. A draft copy report of the Accelerated Stabilization…
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Key officials of the Uganda National Oil Company (UNOC) on Monday began a working visit to the Nigerian Content Development and Monitoring Board (NCDMB), stating that they were here to learn and that their country stands to gain…
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