Oil & Gas - Page 55

NCDMB, PTI To Join Forces On Capacity Devt In Nigerian Oil & Gas Industry

The Nigerian Content Development and Monitoring Board (NCDMB) and Petroleum Training Institute (PTI), Effurun, Delta State, have resolved to collaborate to actualise their shared mandate for human capacity development and advancement of

Victor Ezeja

1 year ago

NCDMB, FIRS Offer Tax Incentives For Oil Industry R&D Investments

Business·Oil & Gas

Amended NCDMB, BOI MoU On $50m NOGaPS Fund Increases Access To Financing For Local Industry Players

The Nigerian Content Development and Monitoring Board (NCDMB) and the Bank of Industry (BoI) have signed an amendment to the Memorandum of Understanding (MoU) on the $50 million NOGaPS Manufacturing Fund. The

PBA Reporter

1 year ago

Business·Oil & Gas

Agip Staff Protests Oando’s Acquisition Over Labor Law Issues

In a striking protest that shook the oil-rich region of Port Harcourt, employees of the Nigerian Agip Oil Company gathered to vehemently oppose Oando Plc‘s impending acquisition of their company’s facilities. With

Emmanuel Ochayi

1 year ago

Africa·Business·Latest News·Oil & Gas·World News

UAE Carbon Alliance to Invest $450M in African Carbon Credits

The UAE Carbon Alliance, led by Her Highness Sheikha Shamma bint Sultan bin Khalifa Al Nahyan, President and CEO of the UAE Independent Climate Change Accelerators (UICCA), has declared its commitment to

Emmanuel Ochayi

1 year ago

Business·Latest News·Oil & Gas

Forex Woes, Price Controls Cede Petrol Importation to NNPCL

Independent petroleum marketers have been forced to relinquish their initial foray into petrol importation due to the dual challenges of restricted access to foreign exchange (forex) and stringent price controls. The Nigerian

Emmanuel Ochayi

1 year ago

Oando Denies Having Interests In Maltese Blending Plant

Business·Latest News·Oil & Gas

Oando to Acquire Eni’s Nigerian Onshore Division

Oando, a prominent Nigerian oil producer, has announced its plans to acquire Italian energy giant Eni’s onshore Nigerian division. This groundbreaking deal encompasses control over onshore upstream assets nestled in the heart

Emmanuel Ochayi

1 year ago

Business·Oil & Gas

NNPC Doesn’t Have Fuel To Sell – Oil Marketers’ Depot Chairman Says

The Chairman of Satellite Depot, Independent Petroleum Marketers Association of Nigeria (IPMAN), Lagos, Akin Akinrinade, said the retail stations owned by the Nigerian National Petroleum Company (NNPC) Limited don’t have fuel to

Fakoyejo Olalekan

1 year ago

NNPCL Denies Inflating Fuel Subsidy Payments

Business·Oil & Gas

Nigeria Records 164 Crude Oil Theft Incidents In One Week

The Nigerian National Petroleum Company (NNPC) Limited revealed that between 19 to 25 August 2023, about 164 crude oil theft incidents were recorded amid declining oil output. Of the total crude oil

Fakoyejo Olalekan

1 year ago

Tinubu Set To Attend COP 28 Summit In Dubai

Business·Oil & Gas

Diesel Price To Rise, As FG Moves To Charge VAT After Oil Sector GDP Contribution Drops

The price of diesel might rise as the Nigeria Customs Service (NCS) is set to implement a value-added tax (VAT) on imported automobile gas oil (AGO), also known as diesel. According to

Fakoyejo Olalekan

1 year ago

Business·Oil & Gas

Why Oil Sector Contribution To Nigeria’s GDP Plummeted By N470bn

The oil sector’s contribution to Nigeria’s Gross Domestic Product (GDP) fell by 13.7 per cent between the first and second quarters of 2023 according to data obtained from the National Bureau of

Fakoyejo Olalekan

1 year ago

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Oil & Gas - Page 55

NCDMB, PTI To Join Forces On Capacity Devt In Nigerian Oil & Gas Industry

Amended NCDMB, BOI MoU On $50m NOGaPS Fund Increases Access To Financing For Local Industry Players

Agip Staff Protests Oando’s Acquisition Over Labor Law Issues

UAE Carbon Alliance to Invest $450M in African Carbon Credits

Forex Woes, Price Controls Cede Petrol Importation to NNPCL

Oando to Acquire Eni’s Nigerian Onshore Division

NNPC Doesn’t Have Fuel To Sell – Oil Marketers’ Depot Chairman Says

Nigeria Records 164 Crude Oil Theft Incidents In One Week

Diesel Price To Rise, As FG Moves To Charge VAT After Oil Sector GDP Contribution Drops

Why Oil Sector Contribution To Nigeria’s GDP Plummeted By N470bn

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