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The Nigerian Content Development and Monitoring Board (NCDMB) and the National Information Technology Development Agency (NITDA) have agreed to set up a joint committee to boost local content development. NCDMB made the announcement in a statement issued on Wednesday by its Corporate Communications Department on its official Twitter account. The Executive...
…Calls for Collaboration among Downstream Players across Africa The deregulation of the downstream sector of the oil and gas industry in Nigeria will increase investment in the refining business and facilitate exponential growth in the nation’s refining capacity. This was the submission of the Group Managing Director of the Nigerian National...
Cleanserve Integrated Energy Solutions Ltd, an aviation fuel supply firm, has announced the appointment of Chris Ndulue as CEO and Prof. Vincent Ndubueze as Board Chairman. Confirming this in Lagos, the Head, Legal Services/Admin of Cleanserve, David Aloh, said that this move is reflective of the changes in the...
NXT Grid BV, a solar mini-grid rental company, with a focus on online automation and standardisation to empower local mini-grid developers in Sub-Saharan Africa (“SSA”), has secured an investment from All On, a Nigerian impact investing firm seeded by Shell. “We are extremely excited about partnering with All On. Their...
The Nigerian Electricity Regulatory Commission(NERC) has ordered the 11 Electricity Distribution Companies (DISCOs) to suspend the Sept. 1 tariff increase for 14 days. The commission’s suspension order of the Multi Year Tariff  Order (MYTO) 2020  signed by Prof James Momoh, NERC’s Chairman  was released on its web site on Wednesday. NERC...
No fewer than 17,000 communities have been affected by flood in the Niger State, the Secretary to the state Government, Alhaji Ahmed Matane, has said. Mr Tanko Lawal, Information Officer to the SSG, in a statement in Minna on Monday, said Matane said this during an the on-spot assessment of...
The Climate Pledge, a commitment co-founded by Amazon and Global Optimism, calls on signatories to take urgent action to meet the Paris Agreement 10 years early Signatories are implementing real, science-based, high-impact changes to their businesses, including deploying renewable energy, investing in sustainable buildings, and mobilizing supply chains to reach...
The Zayed Sustainability Prize has announced that solar-powered lighting solutions developed by one of its previous winners have been installed in the Egyptian village of Habisha, in the Asyut Governorate – as the latest deployment from the UAE-driven humanitarian initiative, 20by2020. With an aim to improve standards of living...
…As Reps Assures of Speedy Passage of PIB The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mallam Mele Kyari, has said that the absence of a stable fiscal environment is inhibiting the growth of the Nigerian petroleum industry, especially the upstream sector. Mallam Kyari, who stated this while...
The Acting Managing Director of the Niger Delta Development Commission, NDDC, Professor Kemebradikumo Pondei says that the positive impact of the Commission’s infrastructural projects and skills acquisition programmes helps to curb the incidence of pipeline vandalism in the Niger Delta region. Prof Pondei was speaking when he hosted a contingent...
The Nigerian National Petroleum Corporation (NNPC) says it has obtained a pre-payment funding of about US$1b to support the upstream operations of its subsidiary, Nigerian Petroleum Development Company (NPDC). A statement from the NNPC's Group General Manager, Group Public Affairs Division,Dr. Kennie Obateru,on Thursday, said crude oil prepayment has enabled NNPC to pay...
The Senate Joint Committee on Finance and National Planning has directed the Accountant General of the Federation Ahmed Idris to investigate the $18.32bn, which the Nigerian Liquefied Natural Gas Limited claimed to have paid as dividend to the Nigerian National Petroleum Corporation (NNPC) between 2004 and 2020. The directive was...
Chief Timipre Sylva, the Minister of State for Petroleum Resources, said the Federal Government had approved the establishment of Nigeria National Petroleum Corporation (NNPC), oil and gas logistic Centre in Akwa Ibom. Sylva gave the hints at a Gala night organised by the Akwa Ibom Government in honour of a...
Oil prices fell on Thursday on demand concerns driven by cautious views from OPEC+ producers and the U.S. Federal Reserve regarding economic recovery from the coronavirus pandemic. Brent crude LCOc1 was down 48 cents, or 1 per cent, at $44.89 a barrel at 0933 GMT, and West Texas Intermediate (WTI)...
Oil prices fell on Thursday as major producers warned of a risk to demand recovery if the coronavirus crisis is prolonged as U.S. crude inventories dropped less than expected. Brent crude was down 36 cents, or 0.8 per cent at $45.01 a barrel by 0442 GMT, having slipped 0.2 per...
The Shell Petroleum Development Company (SPDC) of Nigeria has expressed its disappointment over the ruling of the Rivers State High Court affirming the enforcement of the purported sale of interests in the company’s JV’s  assets in Kidney Island and specified interests in OML 11 to the Rivers State government. In...
Nigerian oil company NNPC is asking investors to bid to fix pipelines and depots serving its oil refineries, according to a document posted on its website on Tuesday. Built in the 1970s, the pipeline network is crucial to getting crude oil to NNPC’s three refinery complexes, and moving the finished...