(Reuters) – Nigeria on Monday won its bid to overturn an $11 billion damages bill for a collapsed gas processing project it said was procured by a concerted campaign of bribery. The West African country was on the hook for the sum – representing around a third of its foreign exchange reserves – after a little-known British […]

There was a minor fire incident at the cooling tower of Warri Refinery and Petrochemical Company Limited (WRPC). The fire which occurred as a result of ongoing welding activity at the top of the cooling tower will not affect the refinery rehabilitation project delivery schedule. NNPC Limited safety officers at the Refinery acted immediately and […]

𝑻𝒉𝒆 𝑵𝒊𝒈𝒆𝒓𝒊𝒂𝒏 𝑪𝒐𝒏𝒕𝒆𝒏𝒕 𝑫𝒆𝒗𝒆𝒍𝒐𝒑𝒎𝒆𝒏𝒕 𝒂𝒏𝒅 𝑴𝒐𝒏𝒊𝒕𝒐𝒓𝒊𝒏𝒈 𝑩𝒐𝒂𝒓𝒅 (𝑵𝑪𝑫𝑴𝑩) 𝒂𝒏𝒅 𝒇𝒐𝒓𝒆𝒎𝒐𝒔𝒕 𝒈𝒂𝒔 𝒇𝒊𝒓𝒎, 𝒕𝒉𝒆 𝑵𝒊𝒈𝒆𝒓𝒊𝒂 𝑳𝒊𝒒𝒖𝒆𝒇𝒊𝒆𝒅 𝑵𝒂𝒕𝒖𝒓𝒂𝒍 𝑮𝒂𝒔 𝑪𝒐𝒎𝒑𝒂𝒏𝒚 (𝑵𝑳𝑵𝑮) 𝑳𝒊𝒎𝒊𝒕𝒆𝒅 𝒂𝒓𝒆 𝒔𝒕𝒓𝒆𝒏𝒈𝒕𝒉𝒆𝒏𝒊𝒏𝒈 𝒔𝒆𝒍𝒇-𝒂𝒑𝒑𝒓𝒂𝒊𝒔𝒂𝒍 𝒎𝒆𝒄𝒉𝒂𝒏𝒊𝒔𝒎𝒔 𝒊𝒏𝒔𝒕𝒊𝒕𝒖𝒕𝒆𝒅 𝒕𝒐 𝒂𝒅𝒗𝒂𝒏𝒄𝒆 𝒐𝒃𝒋𝒆𝒄𝒕𝒊𝒗𝒆𝒔 𝒐𝒇 𝒍𝒐𝒄𝒂𝒍 𝒄𝒐𝒏𝒕𝒆𝒏𝒕 𝒄𝒐𝒎𝒑𝒍𝒊𝒂𝒏𝒄𝒆 𝒂𝒏𝒅 𝒅𝒆𝒗𝒆𝒍𝒐𝒑𝒎𝒆𝒏𝒕. At a one-day meeting of the NCDMB/NLNG Technical Working Group held at the Nigerian Content Tower (NCT), corporate headquarters of the […]

𝐀𝐟𝐫𝐢𝐜𝐚𝐧 𝐧𝐚𝐭𝐢𝐨𝐧𝐬 𝐬𝐞𝐞𝐤𝐢𝐧𝐠 𝐭𝐨 𝐚𝐜𝐡𝐢𝐞𝐯𝐞 𝐞𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐩𝐫𝐨𝐬𝐩𝐞𝐫𝐢𝐭𝐲 𝐦𝐮𝐬𝐭 𝐝𝐞𝐯𝐞𝐥𝐨𝐩 𝐥𝐨𝐜𝐚𝐥 𝐜𝐚𝐩𝐚𝐛𝐢𝐥𝐢𝐭𝐢𝐞𝐬 𝐭𝐨 𝐩𝐫𝐨𝐜𝐞𝐬𝐬, 𝐮𝐭𝐢𝐥𝐢𝐳𝐞, 𝐚𝐧𝐝 𝐞𝐱𝐩𝐨𝐫𝐭 𝐭𝐡𝐞𝐢𝐫 𝐫𝐞𝐬𝐨𝐮𝐫𝐜𝐞𝐬 𝐚𝐬 𝐚 𝐦𝐞𝐚𝐧𝐬 𝐨𝐟 𝐩𝐨𝐰𝐞𝐫𝐢𝐧𝐠 𝐭𝐡𝐞𝐢𝐫 𝐠𝐫𝐨𝐰𝐭𝐡 𝐚𝐧𝐝 𝐝𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭, 𝐭𝐡𝐞 𝐄𝐱𝐞𝐜𝐮𝐭𝐢𝐯𝐞 𝐒𝐞𝐜𝐫𝐞𝐭𝐚𝐫𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐍𝐢𝐠𝐞𝐫𝐢𝐚𝐧 𝐂𝐨𝐧𝐭𝐞𝐧𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 𝐚𝐧𝐝 𝐌𝐨𝐧𝐢𝐭𝐨𝐫𝐢𝐧𝐠 𝐁𝐨𝐚𝐫𝐝 (𝐍𝐂𝐃𝐌𝐁), 𝐄𝐧𝐠𝐫. 𝐒𝐢𝐦𝐛𝐢 𝐊𝐞𝐬𝐢𝐲𝐞 𝐖𝐚𝐛𝐨𝐭𝐞 𝐬𝐚𝐢𝐝 𝐨𝐧 𝐓𝐮𝐞𝐬𝐝𝐚𝐲. The Executive Secretary made the submission in his presentation […]

Nigerian Agip Exploration Limited (NAE) has awarded scholarships to twenty-nine Nigerian graduates for Post Graduate studies overseas as well as at Nigerian Universities under its 2023/2024 Awards Scheme. Nine of the beneficiaries will undertake postgraduate studies in various Universities in the United Kingdom and a university in Finland. The remaining awardees will pursue their postgraduate […]

The Group Chief Executive Officer of Nigeria National Petroleum Corporation Limited (NNPCL) Mele Kolo Kyari has met with a high-level team from First Abu Dhabi Bank, which included the Special Adviser for Africa, Fouad Nicolas Trad, and the Executive Director, Financial Institutions Group, Middle East and Africa, Jaiyeola Dauda. According to information made available on […]

The Nigerian National Petroleum Company Limited has refuted the reports in an isolated section of the media alleging underhand dealings in the award of contracts for the rehabilitation of pipelines across the country.  The corporation in its media release found it crucial to provide accurate information to address any misconceptions and ensure transparency in its […]

Nigeria President Bola Ahmed Tinubu has recently declared that with the hitherto abandoned Ajaokuta Steel Complex is now nearing completion, positing that the project has the capacity to employ 500,000 Nigerians once designated as a free trade zone. The President further promised to fully harness the potentials of the Complex once it is completed, as […]

The difficulty in sourcing or accessing foreign exchange by Independent Marketers to enable the importation of Petroleum Motor Spirit in Nigeria is tending towards emergence of the product scarcity in the various service stations across the country. This eminent ugly trend is coming almost in same period when the Nigerian National Petroleum Company Limited has […]

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has identified the effective implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act 2010 as one of the key levers for actualizing the Renewed Hope Agenda of President Bola Tinubu’s administration. Speaking during his tour of NCDMB facilities and projects in […]