Business

By Godwin Chukwumaechi, Port Harcourt Conflicting reports are emanating from Soku, in Akuku-Toru Local Government Area of Rivers State where it has been reported that a gas explosion has occurred. This report is coming less than a week after two similar incidents happened, one on the Trans Niger Pipeline (TNP) …

By Godwin Chukwumaechi, Port Harcourt The Federal Government Tuesday inaugurated two gas and power infrastructure in Otakikpo, Ikuru, in Andoni Local Government Area of Rivers State. The projects, a 12-million cubic feet gas extraction plant and 20 megawatts gas power plant, were built by Otakikpo Joint Venture comprising of Green …

There is rising tension in Onuebum community of Ogbia Local Government Area of Bayelsa State over the alleged violation of the order issued by a Federal High Court sitting in Yenagoa stopping the Sterling Exploration and Energy Production Company Nigeria Limited (SEEPCO) from oil exploration activities at the OPL 2005 …

The Nigerian Content Development and Monitoring Board (NCDMB) has sealed a deal to acquire 20 per cent equity in a 100,000 barrels per day (bpd) refinery project being established by African Refinery Group Ltd, in partnership with the Nigerian National Petroleum Company (NNPC Ltd). The share purchase agreement for this …

By Amos Odhe, Yenagoa The Nigerian Content Development and Monitoring Board (NCDMB) on Thursday achieved a much-needed consensus among oil and gas industry stakeholders and manufacturers to boost in-country production and utilisation of line pipes in oil and gas operations, as part of the strategy to deepen local content and …

By Amos Odhe Director General of the BRACED Commission, Amb Joe Keshi, has felicitated with Alhaji Idi Mukthar Maiha on his appointment as the pioneer Minister of Livestock Development. According to a statement signed by Eustace A Iyayi, Special Assistant to the minister, Amb Keshi, during a meeting in Abuja, …

Shell has pledged support for the recent reforms in Nigeria’s oil and gas industry, describing them as a good way to reposition the sector for growth and profitability. Senior Vice President, Nigeria, Marno de Jong, while speaking at a dinner Wednesday night at the Nigeria International Energy Summit (NIES) in …

Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, on Tuesday in Abuja charged oil and gas industry stakeholders in Africa to institute an Africa-wide Local Content framework that harmonises policies and fosters cross-border partnerships. He said such a framework would allow African nations …

Mr Chinedu Nwoke, a customer of the United Bank of Africa (UBA), has dragged the bank to the Federal High Court, Yenagoa over unauthorised debit on his account, purportedly for a loan the customer did not take. Nwoke is seeking redress over a purported COVID-19 loan valued at N700,000.00 from …

The Nigerian Content Development and Monitoring Board (NCDMB) and Starzs Gas Limited were upbeat about growth prospects of Nigeria’s gas subsector and the potential boost to industrialisation as the groundbreaking ceremony for a Compressed Natural Gas (CNG) Mother Station got underway in Iwhreken, Ughelli South, Delta State, on Thursday. Speaking …