Day: October 4, 2023

23 Oil Blocks Failed To Produce Crude –Nigerian Govt

Abibat Babalola

No fewer than 23 oil blocks managed by both international and local oil companies, which are under crude oil Production Sharing Contracts with the Nigerian National Petroleum Company Limited, failed to produce crude or were inactive, the Federal Government has said. It disclosed this in the latest Oil and Gas Industry Report for 2021 released by the Nigeria Extractive Industries Transparency Initiative, an agency of the Federal Government. It stated that the blocks failed to produce crude in the year under review. PSC is an arrangement or contract where the…

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NCDMB Commends Abia State Governor On Industrial Park, Highlights Critical Requirements For Low-Cost Manufacturing  

Abibat Babalola

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote, has commended Abia State Governor Dr. Alex Otti for the decision of his Administration to establish the Abia Industrial Innovation Park (AIIP), Owaza, in Ukwa West Local Government Area of the State. In a Goodwill Message at the groundbreaking ceremony on Saturday, Engr. Wabote said the Park would spur industrial production and “position Abia State as a competitive player in the global market as it will attract national and international investors which will then…

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