Daniel Terungwa President Muhammadu Buhari has assured that the plan to secure the country’s waters and the Gulf of Guinea through the Integrated National Security and Waterways Protection Infrastructure, also known as the Deep Blue Project, is yielding good fruits and Nigerians and stakeholders in the entire region would soon feel the impact. This is…
Any nation or sector of the economy that seeks to implement Local Content policies successfully must deploy certain programmes such as Capacity Building initiatives, Funding and Incentives and Research and Development, Gap Analysis, Regulatory Framework and Access to market. The Executive Secretary of Nigerian Content Development and Monitoring Board (NCDMB) Engr. Simbi Kesiye Wabote identified…
By Ikenna Omeje Nigerian independent energy company listed on both the Nigerian and London stock exchanges, Seplat Energy Plc, has commissioned the project for power supply to Oben Cottage Hospital from its Oben gas facility at Oben Orhionmwon Local Government Area of Edo State, as part of the Company’s continuous community development programmes. This is…
Schneider Electric, the leader in digital transformation, energy management and automation, has announced the launch of its Galaxy™ VL 200-500 kW (400V/480V) 3-phase uninterruptible power supply (UPS) for industrial applications. Available worldwide, the newest addition to the Galaxy family offers a highly efficient and ruggedized, compact UPS, with up to 99-percent efficiency in patented ECOnversion™…
By Ikenna Omeje The senate recently approved the 2022-2024 Medium-Term Expenditure Framework (MTEF) in which the Federal Government expects the country to produce 1.88 million barrels per day of crude oil in 2022, assuming a benchmark price of $57 per barrel. The Federal Government also predicted Gross Domestic Product (GDP) growth of 4.2 percent and…
Despite women making up 22 percent of the oil and gas workforce globally, as well as 27 percent of entry-level and 17 percent of senior-level positions, they account for just 1 percent of the Chief Executive Officers’ positions in the industry, the Managing Director/CEO of AFTRAC Limited and Co-Founder, Women in Energy Network (WIEN), Patricia…
By Engr Justice Derefaka The Fourth Industrial Revolution (4IR) has generated a lot of buzz because of its disruptive digital technologies that promise to revolutionize our lives, calibrate our decision-making with algorithmic precision, and gratify our every want in real time. But what are the dangers, and how will we police this new cyberspace?These questions…
By Ikenna Omeje, Jerome Onoja Beyond the regular oil exploration and production Joint Venture (JV) and Production Sharing Contract (PSC) arrangements that exist between the state-owned company, Nigerian National Petroleum Corporation (NNPC) and a couple of oil majors, the Nigerian Liquefied Natural Gas (NLNG) stands out as the most profitable business enterprise the Nigerian state…
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote, has been selected for the African Local Content Icon Award by the 2021 African Business Leadership Awards (ABLA) organized by the African Leadership Magazine.The award has 12 categories and the winners emerged through selection, online voting for nominees and…
The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has challenged young Nigerians to create business opportunities around uncomfortable situations rather than just complaining about them.He gave the charge while delivering the keynote address at the Junior Chambers International (JCI) Nigeria Senate Association Leadership Excellence for National Development (LEND) Webinar…