Industry

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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By Saidu Abubakar Total expenditure on direct social investments by the three Shell companies in Nigeria and their partners in 2023 was $42.2 million, a 23% increase compared to $34.29 million in the previous year. Shell…
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African energy demand is projected to grow more than 30% by 2040, with oil demand expected to increase to 4.9 million barrels per day (bpd) by 2050. Gas demand will almost triple during the same period while the continent’s renewable…
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Africa’s richest man, Aliko Dangote, has raised concerns about the lack of new refineries on the continent, attributing it to the vested interests of those who profit from fuel importation. In a recent interview with Eleni Giokos, a…
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By Ese Ufoma In the early 2000s, a young Nigerian engineer named Tunde found himself in the midst of an industry revolution. Fresh out of the university, Tunde joined a small, fledgling oil service company. Despite his academic…
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