…….NNPC sponsors the $3.3 billion crude oil arrangement…. Oando Plc has notified the public that on May 17 it was party to the successful closure of a $925million accordion arranged and coordinated by African Export-Import Bank (Afreximbank) for Project Gazelle. The accordion arrangement saw a contribution of $550million by Oando Trading, a subsidiary of Oando Plc. The balance $375million was ...

Since 1973, June 5 every year has been celebrated as World Environment Day (“WED”); a day set aside to raise awareness and promote actions to address environmental issues including marine pollution, overpopulation, global warming, sustainable development, wildlife crime, among others.The focus for this year is on land restoration, desertification and drought resilience under the slogan “Our land. Our future. We are ...

…….by Ben Ndubuwa……….. Major Energies Marketers Association of Nigeria {MEMAN) is now exploring the spectrum of energy mix in Nigeria with focus to close the existing supply and demand gap in the Nigeria energy market.  To this end the Association has expressed optimism about the future of renewable energy and is therefore insisting that it holds the key solution in ...

Photo: L-R Executive Secretary, Nigerian Content Development and Monitoring Board, Engr. Omatsola Felix Ogbe,  Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperipe Ekpo, Deputy Governor, Delta State, His Excellency, Chief Monday Onyeme and the Chairman, Nedogas Development Company Limited, Emeka Ene at the commissioning/unveiling of the Kwale Gas Gathering facility promoted by NEDOGAS Limited and NCDMB on Thursday ...

The Nigerian Gas Association (NGA), Nigeria’s largest gas-focused umbrella association and the most notable advocacy platform for gas industry is proud to announce its 25th-anniversary. As a chartered member of the International Gas Union (IGU), the NGA has been at the forefront of driving progressive advocacy and shaping the landscape of Nigeria’s gas sector. Commenting on the milestone at the ...

….Targets 5 percent Increase in Market Share through EPC Projects…. The NNPC Engineering and Technical Company (NETCO), a subsidiary of the Nigerian National Petroleum Company Limited (NNPC Ltd), has announced a 137 per cent increase in operating profits for the year 2023. This was disclosed by the Chairman of the company’s Board of Directors and Executive Vice President, Downstream, NNPC ...

The Nigerian Content Development and Monitoring Board (NCDMB) plans to introduce some changes that will enhance the Nigerian Content Intervention (NCI) Fund and increase the fund’s impact and efficiency. The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omotsola Ogbe hinted at the changes at the quarterly engagement forum held with the Bank of Industry ...

The African Petroleum Producers Organization (APPO), and the African Export-Import Bank (Afreximbank), have signed the requisite documents for the establishment of a $5bn Africa Energy Bank as Nigeria is ready to host the head office of the bank being Africa’s major player in the oil and gas industry. The request to host the head office of the bank was made ...

The Central Bank of Nigeria (CBN) has clarified that there were no plans to revoke the licenses of three additional bank after it had done so to Heritage bank. A press statement by the bank’s Acting Director of Corporate Communications, Haka Sidi-Ali, said, “The attention of the Central Bank of Nigeria (CBN) has been drawn to some information circulating in ...

……….by Ben Ndubuwa………. Shell companies in Nigeria together with their partners have increased their spending on host communities by 23 percent about $42.2 million. A break down showed that three Shell companies in Nigeria and their partners in 2023 made the expenditure which represents a 23 per cent increase compared to $34.29 million in the previous year. Shell exclusively spent ...