Energy

By Ali Elias The Nigerian Content Development and Monitoring Board (NCDMB) has extended warm felicitations to His Excellency, President Bola Ahmed Tinubu, GCFR, on the occasion of his birthday, recognizing his visionary leadership and commitment to national progress. In a congratulatory message posted on its official X platform, the Board, led by its management and staff, lauded the President for his unwavering dedication to transforming key sectors of the economy, particularly the oil and gas industry. "On behalf of the Board, Management, and Staff of the Nigerian Content Development and Monitoring Board (NCDMB), we extend our warmest wishes to His Excellency, President Bola Ahmed Tinubu, GCFR, on the occasion of his birthday," the statement read. The message emphasized that P...

By PR President Bola Tinubu has approved the nomination of four new members to the Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB), filling existing vacancies and strengthening the board’s capacity. The approved nominees are Mr. Olusegun Omosehin of the National Insurance Commission (NAICOM) and Engr. Wole Ogunsanya of the Petroleum Technology Association of Nigeria (PETAN). President Tinubu also endorsed the nomination of Mazi Sam Azoka Onyechi, who represents the Nigerian Content Consultative Forum (NCCF), and Barrister Owei Oyanbo from the Ministry of Petroleum Resources. The nominations arose from the exit of previous institutional representatives from the Governing Council. The NCDMB Governing Council, established under Section 69 of t...

1st left: GM Corporate Communications, NCDMB, Barr. Esueme Dan Kikile By PR The Nigerian Content Development and Management Board (NCDMB) on Wednesday held the close-out ceremony of the NCDMB-sponsored Science Quiz Competition for secondary schools in Bayelsa State. Speaking at the event, General Manager, Corporate Communications and Zonal Coordination, NCDMB, Barr. Esueme Dan Kikile, said the Board seeks to motivate students to start early to develop interest in science as part of its statutory mandate to build local capacities for the oil and gas industry. He expressed delight at the bright outlook for Africa within the technological space in the foreseeable future, recalling that “as of 2023 around 40 per cent of Africa’s population was 15 years and younger,” and that “by 20...

By PR NNPC Retail Limited (NRL) marked another milestone with the successful hosting of She-Fix 2025, a landmark event dedicated to empowering women in automotive, technical, and energy sectors and commemorating International Women's Day.  The event, which took place recently at The Stable Center, Surulere, Lagos, attracted over 300 active participants as part of global celebrations marking this year’s International Women's Day (IWD). It has as its theme "Driving Diversity and Powering Progress."  The event emphasized the critical role women play in driving innovation, national growth, and economic development. Hands-on activities, engaging discussions, and technical demonstrations served to showcase the diverse talents and contributions of women in traditionally male-do...

By PR The Nigerian Content Development and Monitoring Board (NCDMB) on Tuesday assured women entrepreneurs in oil and gas of its preparedness to assist them in capacity building and funding as well as integration in the industry value chain. Speaking at the opening ceremony of a four-day Executive Entrepreneurship and Management Workshop for women in Port Harcourt, the Director of Corporate Affairs and Capacity Building of NCDMB, Dr. Ama Ikuru, said knowledge is fundamental to success in business and that business owners and managers have to understand the nature and demands of their areas of investment and the operating environment.   Explaining the basis of the workshop, organised by the Board in collaboration with Empretec Nigeria Foundation, a private sector initiati...

By Ali Elias The Dangote Petroleum Refinery and several modular refineries in Nigeria may need to spend approximately $8.56 billion to import an estimated 122.4 million barrels of crude oil over six months to maintain full operational capacity. This equates to about $1.43 billion per month in crude oil importation costs, highlighting the ongoing challenges facing Nigeria’s domestic refining sector.  Challenges in Domestic Crude Supply The need for imports stems from uncertainties surrounding the Nigerian National Petroleum Company Limited's (NNPCL) naira-for-crude policy and the Federal Government’s Domestic Crude Supply Obligation. An expected meeting between the Technical Sub-Committee on the policy, Dangote Refinery, and government officials did not hold as planned, with s...

By Ali Elias As reported by multiple sources, former U.S. President Donald Trump has threatened to impose a 25% tariff on U.S. imports from countries that purchase oil from Venezuela. Trump described the measure as a “secondary tariff,” claiming it is intended to penalize the Latin American nation “for numerous reasons,” including allegations that Venezuela has “purposefully” sent gang members to the U.S. According to Trump, he is also considering easing tariffs on imports from other countries, stating that he “may give a lot of countries breaks.” His comments appeared to confirm reports that he was narrowing the scope of the tariffs set to be announced on April 2. Previously, Trump had proposed a “reciprocal” tariff system where U.S. trading partners would face equivalent charges...

By PR NNPC Limited has reaffirmed its commitment to ensuring that funds allocated under the Petroleum Industry Act (PIA) are effectively utilized to deliver meaningful development in host communities. This pledge was made during a stakeholder engagement session held with the KEFFESO Host Communities Development Trust (HCDT), a cluster of host communities comprising Koluama 1 and 2, Ezetu 1 and 2, Foropa, Fish Town, Ekeni, Sangana, Opu Okumbiri, Okumbiribeleu, and Oginibiri in Bayelsa State, under the NNPC Limited/FIRST Exploration & Petroleum Development Company (FIRST E&P) JV, at the weekend. Speaking at the engagement session which held in Yenagoa, Bayelsa State, the Chief Upstream Investment Officer of NNPC Limited, Engr. Seyi Omotowa, said NNPC Ltd was committed to ens...

Aliko Dangote, President and Chief Executive of Dangote Industries Limited, has called on young entrepreneurs and scholars to rise above challenges and pursue their ambitions with determination. He made this call on Wednesday while addressing a delegation of scholars from Harvard Kennedy School during their visit to the Dangote Petroleum Refinery & Petrochemicals complex and Dangote Fertiliser Limited in Ibeju Lekki, Lagos.  Speaking to the 50 scholars from 18 different nationalities, Dangote emphasized the importance of ambition, resilience, and the drive to create lasting impact. He pointed to the construction of the world’s largest single-train refinery as an example of what is possible with a "can-do" spirit.  “Life is not worth living without ambition. In this life...

The Spokesman for the House of Representatives, Rep. Akin Rotimi (APC-Ekiti state) says the House of Representatives will on Wednesday, debate the state of emergency declared on Rivers by President Bola Tinubu. In a statement on Tuesday, Rotimi said that President Bola Tinubu had officially written the house of his decision in line with section 305 of the Constitution. “Mr. President’s formal letter, informing the House of Representatives of his decision and seeking approval in line with Section 305 of the Constitution, has been transmitted. “It will be read during plenary tomorrow, Wednesday, March 19, and further legislative action debated and decided,” he said. Following the lingering political unrest between the Executive and the Legislature in Rivers, Tinubu, in a live bro...