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Is LADOL truly a Nigerian company?

Even with the signing of the Nigerian Oil and Industry Content Development (NOGICD) Act of 2010, many Nigerian investors still exploit the old loopholes in the system to take advantage of this law.

Expatriates in oil, gas sector reduced by 80 percent – NCDMB chief

The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Mr Simbi Wabote, says that the number of expatriates working in the Nigerian oil and gas sector has been reduced by 80 per cent.

NIMC reassures on a unified database

The National Identity Management Commission (NIMC), says it is committed to creating, managing, operating and maintaining a secured National Identity database by issuing National Identification Number (NIN) to all Nigerians and legal residents.
Terence McCulley

US agency commends Nigeria’s economic policies

The United States Nigeria Council (USNC) has expressed satisfaction that the positive economic developments taking place in Nigeria would encourage investors.

NNPC invites tenders from prospective traders of crude, importers of petroleum products

The Nigerian National Petroleum Corporation (NNPC) has invited tenders from prospective traders in Nigeria’s crude and importers of petroleum products under its 2019-2020 fuel supply programme. An invitation to tender published on the corporation’s website...

Federal government, NLNG to sign $1 billion Nigerian content deal on Train 7

Hope has rekindled for the actualisation of the Train 7 of the Nigerian LNG Limited as the federal government and the shareholders of the gas-processing and liquefaction company will today in Abuja, sign the Nigerian Content Plan (NCP) worth $1 billion for the project, which has been on the drawing board for 12 years.

Federal government to support expansion of 60 indigenous energy firms

The federal government has expressed its preparedness to support 100 indigenous oil and gas companies operating in Nigeria to overcome their existing market challenges and grow to become big energy conglomerates.

NAOC: Poor financing hindering Nigerian firms in oil industry

The Nigerian Agip Oil Company (NAOC) Joint Venture, comprising Agip, the Nigerian National Petroleum Corporation (NNPC) and Oando, on Friday identified lack of funding as a major impediment to Nigerian companies operating in the oil and gas industry.
Ebuka Ugochukwu

NACC partners firm to attract US investors in power, non-oil sectors

The Nigerian-American Chamber of Commerce (NACC) said on Friday that it was collaborating with a firm, `FootPrint to Africa` to boost investments in agriculture, power and the mining sectors.

Rivers overtakes Lagos as top investment destination

The investment profile report by the Nigeria Investment Promotion Commission (NIPC) shows that Rivers state received the largest investment in the first half of 2018.
Olukayode Pitan

Federal government secures $500 million EXIM Bank loan for modular refineries

The Federal Government has secured a $500 million loan facility from the Export Import Bank of China (CEXIM), through the Bank of Industry (BoI), to establish modular refineries and implement the Flare Gas Recovery Programme.
The Nigerian National Petroleum Corporation (NNPC) says it is considering powering all its retail outlets with electricity from solar energy as it planned to venture into solar power generation.

Maikanti Baru: NNPC retail outlets to be powered by solar

The Nigerian National Petroleum Corporation (NNPC) says it is considering powering all its retail outlets with electricity from solar energy as it planned to venture into solar power generation.

NEXIM approves N25b loan for Nigerian non-oil exporters

The Nigerian Export-Import Bank (NEXIM) has approved the disbursement of loans totaling about N25billion in support of various projects in the non-oil export sector.

African standards bodies partner to boost trade with metrology

While restating SON’s efforts at driving the national quality infrastructure project, Aboloma said Nigeria’s membership of AFRIMETS and other continental and international standardisation bodies was a deliberate effort in ensuring that the country participates actively in inter-laboratory comparisons amongst National Institutes of Metrology (NMIs).
Herbert Wigwe

Access Bank, UBA, AFD to invest €74 million in renewable energy

Two banks, Access Bank and United Bank for Africa (UBA) have partnered with foreign development agency of France, Agence Francais de Development (AFD), to invest €74 million in renewable energy, just as the French Secretary of State to the Minister of Economy and Finance, Mrs Delphine Geny-Stephann, has pledged skill transfer from their companies .

Federal government to prioritise engagement of indigenous firms in National security projects

The federal government yesterday disclosed its resolve to place premium on the use of indigenous professionals and firms in the design and execution of projects involving national security.

NNPC selects Vitol, Trafigura, Sahara, Oando, 46 others for crude term contracts

It was gathered that as part of the efforts to encourage local participation in the lifting contracts, the corporation selected 20 Nigerian companies, unlike in the 2017/2018 contracts where 18 Nigerian companies made the list.

Modular refineries: Environmentalist advises on best practices

An environmentalist, Mr Nnimmo Bassey, has urged the Federal Government to equip universities and research institutions to locally design and fabricate equipment suitable for the proposed modular refineries in Nigeria.

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The Nigerian Financial Intelligence Unit (NFIU) has disclaimed reports that it requested the bank account details of officers of the national assembly and the judiciary.

PSC charges security agencies to investigate leakage of NFIU letter to banks

The Presidential Support Committee (PSC) yesterday charged security agencies in the country to leave no stone unturned in investigating how a letter by the Nigerian Financial Intelligence Unit (NFIU) to commercial banks requesting the account details of principal government officers was leaked.

ANCOPSS hails FCT minister for promoting school principals

The All Nigeria Conference of Principal of Secondary Schools (ANCOPSS), has commended the minister of the Federal Capital Territory (FCT) Malam Muhammad Musa Bello for approving the promotion of some school principals to directorate cadre.

Thabo Mbeki: US, UK asked South Africa for help to oust Robert Mugabe

Former president of South Africa, Thabo Mbeki, has said that the United Kingdom and the United States of America, had sought the help of his country to remove the late President Robert Mugabe of Zimbabwe from office.

PDP chieftain charges members to be committed

Chairman of Peoples’ Democratic Party (PDP) ethnic community in Kuje area council, Hon. Yusuf Dabo, has called on members of the party to be prepared to erect political structures that would offer them the opportunity to occupy decision making position.
Kayode Fayemi

Ekiti farmers want financial support from governor

Some farmers in Ekiti North Senatorial District on Wednesday appealed to the state Governor, Dr Kayode Fayemi, ‎to provide loans for them to enhance their agricultural production.