Business

By our Reporter Officials of the Uganda National Oil Company (UNOC) on Monday began a working visit to the Nigerian Content Development and Monitoring Board (NCDMB), in a bid to learn and “gain substantially from Nigeria’s experience in local content development.” Welcoming the four-member UNOC delegation at a meeting at …

By Godwin Chukwumaechi, Port Harcourt The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola, has said that Nigeria is no longer in the piracy hot list of the international maritime community. He made this known on Thursday at the 2024 Graduation Ceremony of the …

By Godwin Chukwumaechi, Port Harcourt An entrepreneur and real estate investor, My-Ace China has expressed enthusiasm with what he described as the commitment of the Rivers State Governor, Siminalayi Fubara, to reinvent the wheels of investment in the state. China, who is also known as Mayor of Housing, advised the …

It was an atmosphere of mixed reactions at the Onne Command of the Nigeria Customs Service in Rivers State as officers and men of the command, as well as other stakeholders and security agencies in the port complex witnessed the change of baton at the command. Our correspondent said a …

By Godwin Chukwumaechi, Port Harcourt The Rivers State Government has announced a two-day Economic and Investments Summit as part of activities to mark the one year anniversary of the administration of Governor Siminalayi Fubara. First of its kind in the last 8 years, the summit will hold on May 22 …

By Amos Okioma, Yenagoa Multiple loud explosions were on Tuesday reported at the gas processing plant operated by Shell Petroleum Development Company of Nigeria (SPDC) at Gbarain, Yenagoa Local Government Area of Bayelsa, raising concerns of gas export disruptions. The gas plant feeds the Nigerian Liquified Natural Gas (NLNG) export …

By Amos Odhe, Yenagoa Managing Director of the Niger Delta Power Holding Company (NDPHC), Mr. Chiedu Ugbo on Tuesday gave the assurance that the Gbarain Power Plant will soon become operational. Addressing members of the House of Representatives Committee on Power who were on an oversight visit to the plant, …

By Mandy Tina Organized Labour in Rivers State has protested the new electricity tariff structure, demanding a return to the previous one. The demand was made during a protest at the Port Harcourt Electricity Distribution Company (PHEDC) and the National Electricity Regulatory Commission (NERC) offices in Rivers State. State Chairman …

By Amos Odhe, Yenagoa The Nigerian Content Development and Monitoring Board (NCDMB) has reassured oil and gas stakeholders that service companies and other manufacturers that have established capacities in the country will continue to enjoy patronage through the award of contracts from operating companies in the sector. Executive Secretary of …

By our Reporter A former member of the House of Representatives, Hon Israel Sunny-Goli has petitioned the Economic Financial Crimes Commission (EFCC) to probe multi-million-naira investments made by the Nigerian Content Development Monitoring Board (NCDMB). Sunny-Goli, who represented Nembe/Brass Federal Constituency in the 9th National Assembly said he is calling …