Category: Oil & Gas

We Played Politics with 2012 Occupy Nigeria On Fuel Subsidy – Fayemi

Gbenga Adeoti

A former Governor of Ekiti State, Dr. Kayode Fayemi, on Tuesday, said the protest that trailed the fuel subsidy removal during the administration of President Goodluck Jonathan in 2012 was due to political interests. Platforms Africa reports that Fayemi said this in his keynote address delivered at a national dialogue organised to celebrate the 60th birthday celebration of the founding National Secretary of Alliance for Democracy and Fellow, Abuja School of Social and Political Thought, Professor Udenta Udenta in Abuja. READ ALSO: Panic in Aso Rock Over Tribunal Judgement? Presidency…

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BREAKING: NNPC’s Huub Stokman Is MOMAN Chairman

ADEOLA YUSUF

  How the expatriate tookover Chairmanship of Major Oil Marketers Association of Nigeria from Olumide Adeosun     Huub Stokman, the Managing Director of NNPC Retail Limited (NRL), is the new Chairman of Major Oil Marketers Association of Nigeria (MOMAN). Platforms Africa reports that the group today officially announced the conclusion of Olumide Adeosun’s tenure as the Chairman. Olumide Adeosun, the esteemed CEO of Ardova Plc and the outgoing Chairman of MOMAN, completed his term on August 31, 2023. READ ALSO: Portable Performs At NBA Conference, Causes Bickering Among Lawyers…

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Ekpo Pledges Increased Gas Investments for Improved Power Supplies

ADEOLA YUSUF

Details of the agenda the Minister of State for Petroleum Resources (Gas) unveiled during a meeting with staff of the ministry in Abuja Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, has pledged to work towards attracting investments into the gas sector to unlock its full potential for national development. He stated this during the inaugural meeting with staff of the ministry jointly held with the Minister of State, Petroleum Resources (Oil), Senator Heineken Lokpobiri, in Abuja. He said his vision was to grow gas supplies to…

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NCDMB, BOI Ink Amendment of MoU on $50m NOGaPS Manufacturing Fund

ADEOLA YUSUF

. Angola, Namibia to replicate funding model 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 $50million NOGaPS Manufacturing Fund. The Fund was created by the NCDMB and domiciled with BoI to attract oil and gas equipment manufacturers to the Nigerian Oil and Gas Parks Scheme (NOGaPS) facilities established by the NCDMB, and increase access to affordable finance by the manufacturing entities. The signing of the amended MoU took place in Lagos on…

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How, Why UK Slammed £100,000 Bribery Charges On Diezani

Efe Wellington

“What we know about her collecting £100,000 bribe in cash, chauffeur-driven cars, flights on private jets, luxury holidays for her family, and the use of multiple London properties” – UK’s National Crime Agency (NCA) on trials of Nigeria’s erstwhile powerful oil minister   Diezani Alison-Madueke, Nigeria’s former Minister of Petroleum Resources, in faraway, United Kingdom (UK) court, is now facing a case of collecting bribe while in office, upping the ante for the erstwhile powerful minister wanted in Nigeria on sundry charges of corruption. Coming about eight years after escaping…

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Why We Partnered Stoilic Shipping on Cadets Training – NCDMB

Damilola Olonade

The Nigerian Content Development and Monitoring Board (NCDMB) has held a kick-off ceremony marking the commencement of the Cadets Training Programme being organized with Stoilic Shipping Ltd, a renowned maritime training school. The event was conducted in Apapa, Lagos on August 22 and was attended by representatives of the NCDMB, Stoilic shipping, and the cadets. The Cadet Sea Time training Programme is offering 10 Nigerian cadets real-world experience and hands-on instruction aboard international vessels, giving them the practical skills and information required for a successful career in the maritime sector.…

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BREAKING: Tinubu Names Minister-Designate for N’Delta, Reshuffles

Aliyu Aliyu

President Bola Tinubu has approved the redeployment of Engr. Abubakar Momoh from the Federal Ministry of Youth to the Federal Ministry of Niger Delta Development. Platforms Africa reports that this was confirmed in a statement by the Special Adviser to the President on Media and Publicity, Ajuri Ngelale. In the statement on Sunday, Ngelale said the Federal Ministry of Youth is to be re-assigned to a Minister-Designate soon. READ ALSO: Gambian President Suspends Foreign Trip For Self, Govt Officials FULL LIST: 2023 FIFA Women’s World Cup Award Winners CBN Reinstates…

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NIPCO Targets 75% Outstanding Dividends’ Payment In 2024

Aliyu Aliyu

. Firm’s gives reasons shareholders didn’t get dividend In 2023 Financial Year   Chairman, NIPCO Plc, Chief Bestman Anekwe, has expressed confidence that by next annual general meeting, about 75 percent of the outstanding dividends to investors would have been paid out. He also affirmed that after over 19 years of operations, the company is focused on becoming Nigeria’s petroleum product marketing company of choice. Chief Anekwe who disclosed this at the 19th Annual General Meeting of the company held at the Abuja Continental Hotel said the prudent management of…

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False, Misleading; NLNG Punctures Report On Plant Shut Down

ADEOLA YUSUF

The Nigerian Liquefied Natural Gas (NLNG) has punctured a report claiming it had shutdown a plant, describing the report as false and misleading. Platforms Africa reports that the company said this in a statement issued by Andy Odeh,General Manager, External Relations and Sustainable Development. READ ALSO Lecturers Using Foreign Scholarships To ‘Japa’ — TETFund Pastor Arrested After Married Female Evangelist Was Found Dead Naked In His Hotel Room 84-Year-Old Husband Kills 75-Year-Old Wife For Denying Him Sex, Sleeping With Her Pastors Obasanjo, Yar’Adua, Jonathan, Buhari Spent N14 Tr On Fuel…

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NCDMB Proffers Guideposts For Sustainable Local Content Practice In Africa

Efe Wellington

On the heels of remarkable discovery and exploration of oil and gas resources across several countries in Africa, the Nigerian Content Development and Monitoring Board (NCDMB) on Wednesday proffered strategies that would enable those nations to institute sustainable Local Content practices, achieve in-country value addition,and benefit maximally from the exploitation of their hydrocarbon resources. The Executive Secretary NCDMB, Engr. Simbi Kesiye Wabote offered the suggestions at the two-day Namibia Oil and Gas Conference holding in Windhoek, Namibia. He hinted that Africa currently accounts for about 12% of annual global oil…

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