2,659 Compete as NNPC Foundation Unveils Business Opportunities for Youth Corps Members A total of 2,659 members of the National Youth Service Corps (NYSC) across Nigeria have been pre-qualified for the final phase of the NNPC Foundation Business Pitching Exercise. Billed to hold from July 2nd to 10th, 2024, the exercise is an integral part…
REA MD, Aliyu to Deliver Pivotal Energy Transition Initiative at Oriental News Summit The Acting Managing Director and Chief Executive Officer, MD/CEO of the Rural Electrification Agency, REA, Abba Abubakar Aliyu, will be addressing key energy professionals and other government officials on the Agency’s current drive towards delivering clean and reliable electricity across Nigeria. Aliyu,…
African Petroleum Regulators Forum Unveils ‘Abuja Declaration’ Regulators in the African oil and gas industry under the aegis of the African Petroleum Regulators Forum (AFRIPERF) have introduced a six-point charter that aims at promoting investment and economic development in the petroleum sector across Africa. The charter, tagged the “Abuja Declaration,” was introduced during the 2024…
Presidential Directive on Local Content Aligns With NCDMB’s 10-Year Strategic Roadmap – Ogbe The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Ogbe, has said that the presidential directive on local content aligns with the objectives of the Board’s 10-Year Strategic Roadmap. He stated this on Monday in his welcome…
Dr. Wisdom Enang Elucidates Profitable Practices for Corporate Entities to Adopt During Inflation SAMPSON ENYONGEKERE, UYO An Adjunct Professor of the North Dakota University, USA, Engr. (Dr.) Wisdom Patrick Enang has proffered the idea of Cost Management and Efficiency as one of the most guaranteed approaches that corporate entities must adopt in order to remain…
Eterna Plc assures shareholders at AGM ratifies Abiola Lawal As MD/CEO Eterna Plc, a leading integrated energy provider in Nigeria, has reassured stakeholders of its commitment to remaining competitive despite the challenging economic environment. This assurance was given by the Chairman of Eterna Plc, Dr. Gabriel Ogbechie, OON, during the company’s 31st Annual General Meeting…
Oil Bidding: Why NUPRC Prefers Production Bonus over Signature Bonus By Ibrahim Musa The Federal Government has emphasized production bonus, which refers to the payment by an operator to a host country upon achievement of oil and gas production, as a strategy for attracting investors to bid for Nigeria’s oil blocks. Previously, the government relied…
FG re-engineers Nigeria’s oil bidding process, focuses on production bonus The Federal Government has re-engineered Nigeria’s oil bidding process with emphasis on production bonus, targeted at enabling investors to channel their scarce resources into immediate development and early production. In the past, emphasis was placed on the high signature bonus, a development that discouraged local…
Shell Wins FRCN Award Shell Petroleum Development Company of Nigeria Limited (SPDC) has received the Federal Radio Corporation of Nigeria (FRCN) Award for Consistent Media Partner, reaffirming its commitment to the socio-economic development of Nigeria, particularly in the Niger Delta. The award was presented at a dinner in Port Harcourt celebrating the 21st anniversary of…
AGIS Ignites Urgent Need for Innovation in Africa’s Energy Landscape The Africa Gas Innovation Summit (AGIS) 2024 held recently in Abuja has emphasized the urgent need for innovation in Africa’s energy landscape. With new players like Ghana, Tanzania, Senegal, Mauritania, Mozambique, Namibia, and Uganda joining traditional leaders such as Nigeria, Egypt, Algeria, Gabon, and Angola,…
