Yemisi Izuora Shell has identified key enablers for boosting local content in the oil and gas industry, saying strategic partnerships, capacity building and adherence to regulations would help Nigeria to derive more value from the participation of local business in such operations. The remark was made by the General Manager, Nigeria Content Development of The Shell Petroleum Development Company of Nigeria Limited (SPDC) Olanrewaju Olawuyi, at a panel session on “on “Local Content Private Sector” at the ongoing Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) in Lagos. Drawing lessons from the experience of Shell Companies in Nigeria, Olawuyi said…
Author: orientalnewsng
Yemisi Izuora The Nigerian Content Development and Monitoring Board (NCDMB) and Starzs Gas Limited have expressed confidence 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 at the event, the Executive Secretary of the NCDMB, Engr. Felix Omatsola Ogbe, represented by the General Manager, Corporate Communications and Zonal Coordination, Barr. Esueme Dan Kikile, commended Starzs Investments Company Limited, parent company of Starzs Gas, for pushing industry boundaries with its expansion into the gas…
Yemisi Izuora The Nigerian National Petroleum Company (NNPC) Ltd has dismissed as false and misleading allegations made in a viral video circulating online, which claims that NNPC fuel does not last. This assertion is baseless and entirely unfounded, originating from unverified and amateur research that lacks credibility, accuracy, and professional oversight, NNPCL said. The Company reaffirms that its fuel is carefully formulated with one of the best compositions, ensuring optimal efficiency, durability, and environmental sustainability for consumers. “Furthermore, it is important to emphasize that a significant percentage of Premium Motor Spirit (PMS) sold at NNPC retail stations in Lagos—where this…
Yemisi Izuora The Nigeria AfCFTA Coordination Office with support from the United Nations Economic Commission for Africa (UNECA) have made public the enhanced ‘ Market Access Guide and E-Commerce Platform’ created to assist women and youth business owners and traders in a Nigeria. This was done in collaboration with key partners, especially the Nigeria Export Promotion Council (NEPC). The aim of these tools is to enhance the competitiveness of women and youth under the AfCFTA framework, by helping them understand areas of opportunity, how to access the markets where te opportunities exist, using the platform for visibility, matchmaking etc. The…
Yemisi Izuora The Nigerian Export Promotion Council (NEPC), has expressed its deep commitment towards boosting Nigeria’s Non-Oil exportable products. The Agency, said it is working in tandem with stakeholders any forging reliable partnerships to improve the country export market. The NEPC, established to promote the Export of non- oil products from Nigeria to Africa and the rest of the world at large, said it is keying into the present administration’s drive to boost the economy and also to strengthen the currency The regional coordinator South West officers of the NEPC, Ganiyu Gbaolagade, who was represented by Mrs Florence Ofonedu-okafor in his…
Faces At The Ongoing Final Validation Of The Market Access Guide And E-commerce Platform At AFCFTA Women And Youth Workshop In Lagos.
The NNPC Ltd/FIRST Exploration & Petroleum Development Company Limited Joint Venture (JV) has wrapped up its third annual medical outreach in Bayelsa State, reinforcing its commitment to community well-being and sustainable development. Over five days from January 29 to February 2, 2025 more than 3,800 beneficiaries across 11 host communities received vital healthcare services. The outreach provided general consultations, laboratory tests, vision screenings with prescription eyeglasses, and dental care including fillings, cleanings, and extractions. In addition, the program distributed preventive essentials such as treated mosquito nets for pregnant women and children, deworming medication, sanitary products, and oral hygiene kits. A…
Yemisi Izuora Dangote Petroleum Refinery & Petrochemicals has reviewed downwards the cost of its diesel product to N1,020 per litre from N1,075 per litre in an effort to better serve its customers and Nigerians in general. Since it began diesel production in January 2024, the refinery has reduced the price of diesel more than three times, from an initial N1,700 per litre to the current rate, thus providing much-needed relief to manufacturers and consumers alike. The latest reduction of N55 per litre for diesel follows the revelation by Development Economist and Public Policy Analyst, Prof. Ken Ife, that the Dangote…
Uche Cecil Izuora Nigeria and India are set to collaborate in Nigeria’s quest to accelerate its energy transition plans The was disclosed by Taraba State Governor, Agbu Kefas, on the sidelines of the India Energy Week. Other than funding, Nigeria plans to seek technical assistance from India to implement its green energy plans, Kefas, told Reuters. “(The) world is moving towards green energy and we also have to move along. But the challenges we have is the funding to be able to meet up with this,” Kefas said. India is ramping up its non-fossil fuel capacity, planning to connect a…
Yemisi Izuora Indications have emerged that the Africa Energy Bank (AEB) which will fund oil and gas projects and support the continent’s energy transition goals, will be unveiled in the first quarter of 2025 The Bank targets an asset base of $120 billion and will be headquartered in Nigeria. The fossil fuel-focused bank, a partnership between trade finance institution Afrexim Bank and the African Petroleum Producers Organization, was due to start operations by mid-2024, an Afreximbank official said last year. The Minister of State for Petroleum Resources (Oil) Heineken Lokpobiri, who dropped the indication in Lagos, said the building is…