Energy

By Ali Elias The Nigerian Content Development and Monitoring Board (NCDMB) has strongly denied claims that it spent N9.9 billion on consultancy services, describing the allegations as baseless and misleading. In a statement released by its Corporate Communications Department, the Board criticized the spread of misinformation, noting that the alleged amount had inexplicably increased from N7.7 billion to N9.9 billion within a week. Reaffirming its commitment to transparency and due process, the NCDMB emphasized that all expenditures are conducted in strict compliance with approved financial and procurement guidelines. The Board condemned what it described as a coordinated campaign of falsehoods by certain groups masquerading as civil society organizations, accusing them of deliberatel...

Photo courtesy: Realnews By Ali Elias The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and key oil industry stakeholders are working to resolve operational challenges related to domestic crude supply obligations for local refiners. At a stakeholders’ meeting held in Abuja on Thursday, the Commission’s Chief Executive, Mr. Gbenga Komolafe, emphasized the need for collaboration and regulatory stability to foster industry growth. He assured that the NUPRC would not take arbitrary actions that might discourage operators or hinder investment in the sector. The meeting provided a platform for the NUPRC, Oil Producers Trade Section (OPTS), and the Independent Petroleum Producers Group (IPPG) to address concerns surrounding the pre-allocation of crude to domestic refiners, pr...

By Ali Elias In a significant boost to Nigeria’s industrial sector, Blue Seal Chemical Production Plant Limited has commissioned a cutting-edge manufacturing facility in Ibeju-Lekki, Lagos. The landmark event, held last week, underscores the company’s commitment to providing high-quality and innovative chemical solutions while promoting local manufacturing and economic development. The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, FNSE, was represented at the event by Engr. Abayomi Bamidele, Director of the Project Certification and Authorization Division at NCDMB. The delegation commended the initiative, emphasizing its alignment with the Board’s mission to enhance local content, drive industrialization, and position...

By PR The Group Chief Executive Officer of NNPC Ltd, Mr. Mele Kyari has flayed talks about the existence of sub-standard fuel in the country, describing it as unfortunate drama and bad marketing practice. Kyari, who was speaking while fielding questions at a fireside chat during the 60th Nigeria Mining & Geosciences Society (NMGS) Conference in Abuja said the NNPC Ltd, and indeed the country does not have any issues of quality in the Premium Motor Spirit (PMS) also known as petrol across the country.  “The talk around fuel quality is unfortunate and a very bad marketing practice. It’s all drama and entertainment and as we know, drama has a way of entertaining the people,” Kyari stated. He said Premium Motor Spirit (PMS) has quality standards which are obtainable i...

By PR The Nigerian National Petroleum Company (NNPC) Ltd strongly refutes the false and misleading allegations made in a viral video circulating online, which claims that NNPC fuel does not last. This assertion is baseless and entirely unfounded, originating from unverified and amateur research that lacks credibility, accuracy, and professional oversight. NNPC Ltd reaffirms that its fuel is carefully formulated with one of the best compositions, ensuring optimal efficiency, durability, and environmental sustainability for consumers. Furthermore, it is important to emphasize that a significant percentage of Premium Motor Spirit (PMS) sold at NNPC retail stations in Lagos—where this deceptive video was created—is sourced from the Dangote Refinery, a strategic partner in promoting lo...

By PR The Nigerian Content Development and Monitoring Board (NCDMB) and Starzs Gas Limited were upbeat about growth prospects of Nigeria’s gas subsector and the potential boost to industrialisation as the groundbreaking ceremony for a Compressed Natural Gas (CNG) Mother Station got underway in Iwhreken, Ughelli South, Delta State, on Thursday.  Speaking at the event, the Executive Secretary of the NCDMB, Engr. Felix Omatshola Ogbe, represented by the General Manager, Corporate Communications and Zonal Coordination, Barr. Esueme Dan Kikile, commended Starzs Investments Company Limited, parent company ofStarzs Gas, for pushing industry boundaries with its expansion into th...

By Ali Elias In response to requests from our readers, we present below the full press release issued by the Nigerian Content Development and Monitoring Board (NCDMB) on the alleged ₦7.7 billion misappropriation by the agency: Alleged 7.7 Billion Naira Expenditure On Consultancy: Sahara Reporters Report Is False And Malicious *NCDMB Observes the Highest Standards of Accountability, Transparency, and due Process in ts Operations The Nigerian Content Development and Monitoring Board (NCDMB) wishes to firmly and unequivocally rebut the false, malicious, and misleading publication by Sahara Reporters on February 12, 2025, titled – EXCLUSIVE: NIGERIAN CONTENT BOARD NCDMB BOSS OGBE SPENDS N7 BILLION ON CONSULTANCY, OVER 580 MILLION ON 5-DAY LONDON TRAINING, LOGISTICS, ALLOWANCES. ...

By Ali Elias “NCDMB Observes The Highest Standards Of Accountability, Transparency, And Due Process In Its Operations” The Nigerian Content Development and Monitoring Board (NCDMB) has strongly refuted the false and misleading allegations published by Sahara Reporters on February 12, 2025. The report, titled EXCLUSIVE: NIGERIAN CONTENT BOARD NCDMB BOSS OGBE SPENDS N7 BILLION ON CONSULTANCY, OVER 580 MILLION ON 5-DAY LONDON TRAINING, LOGISTICS, ALLOWANCES, is riddled with inaccuracies and baseless assertions. The Board unequivocally states that neither the NCDMB nor its Executive Secretary, Engr. Felix Omatsola Ogbe, has spent the amounts stated in the publication. "These allegations are entirely false and misleading. The Board follows a stringent financial and procurement process,...

By PR The Nigerian Content Development and Monitoring Board (NCDMB) on Wednesday donated a fully equipped Information and Communication Technology (ICT) Centre to the Community Secondary School, Sangana-Akassa in Brass Local Government Area of Bayelsa State. The Centre consists of 31 units of desktop computers (with a one-year Internet subscription), servers, a Wowbii Interactive Board (which makes it possible for lessons to be taught and received, questions asked and answered, from locations far apart), a printing system, and facilities for solar power along with a back-up power generating set. The gesture, which is the latest in a long list of such facilitiesbuilt, equipped and handed over to secondary schools in the six geopolitical ...

By PR The Nigerian Content Development and Monitoring Board (NCDMB) on Thursday in Yenagoa, Bayelsa State, played host to a visiting team of ranking military officers from the Nigerian Army Resource Centre (NARC), Abuja, who are in the state on a local study tour. At an interactive session at the Nigerian Content Tower (NCT), corporate headquarters of the NCDMB, the Executive Secretary of the Board, Engr. Felix Omatsola Ogbe, presented a portrait of Nigeria’s oil and gas industry in its first 50 years of operation and the highpoints in implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, 2010. According to him, the earlier phase was marked by capital flight amounting to an estimated US$380 billion, loss of two million jobs as a result of human capi...