Day: August 18, 2021

NCDMB approves 4 firms for barites supply in oil and gas operations

Efe Wellington

The Nigerian Content Development and Monitoring Board (NCDMB) has approved four firms for the supply of Barites required for any drilling project or contract in the Nigerian oil and gas industry. The four Barites processors are Nishan industries Limited located in Port Harcourt, Rivers State; Delta Prospectors Limited in Lafia, Nasarawa State; Ana Industries Limited in Port Harcourt, Rivers State and Baker Hughes Company Limited at Onne, Port, Rivers State. The NCDMB released the list in its “Public Notice on Procurement of Barites for Oil and Gas Projects,” signed by…

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Nigeria, African Oil Producers Canvass Regional Investments, New Climate Change Deal

ADESUPO OSOSANYA

The maiden edition of the African Local Content Roundtable ended on Friday at the Nigerian Content Tower in Yenagoa, Bayelsa State, with a strong push by Nigeria and other members of the African Petroleum Producers Association (APPO) to develop regional oil and gas investments and renegotiate the COP-21 Climate Change Agreement which is driving the accelerated move by developed countries to disuse fossil fuels (oil and gas) as the preferred source of energy for transportation and embrace renewable sources. The Minister of State for Petroleum Resources, Chief Timipre Sylva delivered…

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Sylva Commissions UNICORN Incubation Campus

Efe Wellington

The Minister of State for Petroleum Resources, Chief Timipre Sylva on Tuesday in Lagos commissioned the UNICORN Incubation Campus, reputed to be Africa’s largest incubation campus, with the mission to prepare and equip Nigerian youths in the application of science, technology, and innovation to create home-grown business solutions to everyday problems in the different sectors of the Nigerian economy. He lauded the company for investing in youth development and skill acquisition as opposed to other sectors of the economy that would probably yield higher return on investments. The Executive Secretary,…

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Chemical industry key to industrialization- Wabote

ADESUPO OSOSANYA

Chemical industry key to industrialization- Wabote The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has underscored the importance of a vibrant chemical industry to achieving sustainable development of any nation. He made this assertion in Lagos during the recent commissioning of Pacegate Energy & Resources Limited (PEARL)’s Chemical Solutions Manufacturing Plant. Wabote who was represented at the event by the General Manager, Project, Certification & Authorization Division of the Board, Engr. Paul Zuhumben commended the company for investing heavily in the 12,900 metric tonnes…

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FUTO, UniJos, others emerge regional finalists in NCST Innovation Challenge

Efe Wellington

Teams from six universities have emerged among the six finalists in the first-ever Nigerian Content Science and Technology Innovation Challenge (STIC) sponsored by the Nigerian Content Development and Monitoring Board (NCDMB). The six winners – two from each region include University of Jos and the Federal University of Agriculture, Makurdi, for the Northern region; the Cross River University of Technology and Federal University of Technology, Owerri for the Eastern/Southern region; and for the western region, Tai Solarin University of Education and Anchor University, Lagos. The successful teams emerged from the…

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NCDMB tasks OGTAN on Categorization, Employment

ADESUPO OSOSANYA

The new leadership of the Oil and Gas Trainers Association of Nigeria (OGTAN) have been challenged to take the association to greater heights through the categorization of members’ capabilities and identification of niche areas in the oil and gas industry with high employment opportunities. The Executive Secretary Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote gave the charge recently when he received the new executive of OGTAN led by the President, Chief Mazi Sam Azoka Onyechi at the Board’s headquarters in Yenagoa, Bayelsa State. He acknowledged that…

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NNPC, CMEC, GE ink multi-million dollars power deal

ADEOLA YUSUF

The deal is to provide an emergency power to Maiduguri, Northeast Nigeria, after series of bombing by Boko Haram insurgents disconnected the city from the national grid.   A significant step towards redeeming the pledge by the Nigerian National Petroleum Corporation (NNPC) to intervene in the perennial electric power supply challenge in Maiduguri, Borno State, was taken Tuesday with the execution of the Engineering, Procurement, and Construction (EPC) and Equipment Procurement contracts for an Emergency Power Project in Maiduguri. Platforms Africa reports that the deal is to provide an emergency…

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N1.8 bn fraud rocks Sterling Bank + how Bank staff stole customer’s money

Gbenga Adeoti

EFCC has testified in Court about a Sterling Bank customer’s account was profiled via internet banking and the sum of N1,790,558,0 00   The Nigerian financial institution, Sterling Bank Plc, led by Abubakar Suleiman, is currently enmeshed in a N1.8 billion (approximately) financial fraud. Platforms Africa reports that the fraud has rattled the lender’s financial position and it has landed one of the bank’s staff and a businessman in court. The case which is currently before an Ikeja High Court, Lagos, details how an official of the bank, Ifeanyichukwu Shallom…

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Nigeria Embagoes new Oil Law Implementation till 2022, Sets Up Panel + LIST

ADEOLA YUSUF

President Buhari Appoints Steering Committee on Petroleum Industry Act, gives committee members 12 months deadline to formulate implementation template.     Nigeria has embagoed the implementation for the Petroleum Industry Act (PIA) till August 2022. President Muhammadu Buhari, who gave this hint, has inaugurated a steering committee to oversee the process. READ ALSO: BREAKING: Nigerian President Buhari Signs Petroleum Industry Bill into law Six oil workers feared killed as gunmen set Shell facility ablaze in Imo Nigerian High Commission Shut For 10 Days as Officials Contract COVID-19 The steering committee…

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