By Oluwatoyin Bayagbon The Nigerian Content Development and Monitoring Board (NCDMB) says it has recovered almost $100 million in unremitted deductions by oil and gas companies operating in Nigeria. Simbi Wabote, Executive Secretary of the NCDMB made this known during his opening address at the 20th Nigeria Oil and Gas Conference in Abuja on Monday. …
Technology will play a key role in ensuring Nigeria stays cost competitive in today’s oil market, Mr. Roger Brown, Chief Executive Officer of Seplat Plc, has said. The Seplat CEO said this in his keynote address titled, “Oil Market Forum: Who Is In Control?” at the 2021 Nigerian International Petroleum Summit (NIPS) in Abuja. With…
By Ikenna Omeje President Muhammadu Buhari, has said that the hydrocarbon industry will still remain a multi-trillion-dollar industry in decades to come. The President stated this while declaring open the 4th Nigeria International Petroleum Summit (NIPS), which held in Abuja, with the theme, “From Crisis to Opportunities: New Approaches to the Future of Hydrocarbons.” Represented by…
Qualified women entrepreneurs in the Nigerian Oil and Gas industry can now benefit from the US$40m Women in Oil and Gas Intervention Fund deployed by the Nigerian Content Development and Monitoring Board (NCDMB) and Nexim Nigerian Export-Import Bank. The NCDMB is contributing US$20m to the pool and it will be matched by the same amount…
The latest report from the Nigeria Extractive Industries Transparency Initiative (NEITI) has indicated that Ogun, Kogi and Cross River States received the highest funds from the sale of solid minerals in 2019, inclusive of 13 percent derivation. According to the report, Ogun State received N301.8 million; Kogi got N239.5 million while Cross River got N114.2…
Schneider Electric, the leader in digital transformation of energy management and automation, will be hosting its 2021 Innovation Day come July 6, 2021. The live virtual event will bring together thought leaders from around the world and across industries to discuss and deep dive into digitization and how it can be used to drive business…
Jerome Onoja Austrian-based international, multi-stakeholder platform dedicated to advancing knowledge for development, economy and society, Knowledge for Development Partnership (K4DP) has announced the appointment of Prince Lekan Fadina to its Board of Directors.This was disclosed recently by the General Manager, K4DP, Dr Andreas Brandner in a press statement on the official website of the organization.Prince…
Alero Onosode has had a long illustrious career in Nigeria’s oil and gas industry as an accomplished Human Resources (HR) expert in both generalist and specialists roles covering industrial relations, HR services, policy development and organization effectiveness.As a woman wearing many hats, she is the founder and Chief Executive Officer of AAO-Tsalach Ltd, a consultancy…
By Ikenna Omeje and Jerome Onoja As part of the Federal Government’s gas revolution agenda, President Muhammadu Buhari, in March, launched the “The Decade of Gas” programme, which aims to make Nigeria a gas powered economy by 2030.Gas is seen as the energy of the future and Nigeria has over 200 Trillion Cubic Feet (TCF)…
Westa.Solar has delivered its first 500kWp solar PPA project to Petrichor Industries in Nigeria RP Global, a leading renewable energy developer and investor, and OOLU, leader in energy access solutions in West Africa, announce the launch of Westa.Solar, a Commercial & Industrial (C&I) Solar Venture in West Africa, and the deployment of its first solar PPA project…
