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 […]

The ongoing and planned divestments of onshore assets by some international operating oil and gas companies (IOCs) and subsequent acquisition by Nigerian operating companies must not be allowed to impact negatively on the level of compliance with the Nigerian Oil and Gas Industry Content Development (NOGICD) Act and remittance of tax revenues to the Federal […]

Shelf Drilling said that it has secured contracts for the Adriatic I and the Shelf Drilling Mentor jack-up rigs foroperations offshore Nigeria for firm durations of 16 months and 8 months, respectively. The combined estimated contract value for the two rigs is approximately USD 93 million, excluding revenues for mobilization and demobilization.  Both rigs completed […]

PetroNor E&P has increased its investment portfolio in Nigeria oil and gas sector by new venture  into a binding agreement with New Age (African Global Energy) to acquire New Age’s interests in OML 113 in Nigeria which contains the Aje Field. This acquisition not only strengthens the company’s position in OML 113 but also opens […]