By Margaret Nongo-Okojokwu The Executive Secretary, Nigerian Content Development and Monitoring Board, NCDMB, Simbi Wabote has commissioned a new security vessel, MV Tamuno-Dein II, acquired by BGAM Services Limited with financing from the Nigerian Content Intervention Fund, NCI Fund. BGAM Services Limited is the first oil and gas company to access financing from the NCIF. The…
By Margaret Nongo-Okojokwu Fugro has announced a new move to stimulate business development in Nigeria’s marine industry with a new agreement with Jagal, an established Nigerian corporation that operates leading energy businesses and manages a diverse portfolio of investments. As a 100% Nigerian entity the new venture, Fugro Marine Nigeria Limited, is set to…
Nigeria is following the right measures in its drive to acquire nuclear power, Rosatom, the Russian nuclear energy corporation renowned for the construction of nuclear power plants, has said. According to the firm, the development of Nigeria’s nuclear energy programme, which commenced about 10 years ago, has shown that the Federal Government is committed to…
The Bayero University, Kano on Wednesday energized Nigeria’s first-megawatt scale hybrid solar project in a Nigerian university and the second in the whole country after the Lower Usuma Dam project in Abuja. The feat was made possible after the successful completion and commissioning of a 1MWp Solar power plant by a technical team of experts and…
The Managing Director, Nigeria Electricity Management Service (NEMSA), Engr. Peter Ewesor Thursday explained why some electricity meters were rejecting low voltage. Ewesor, who is the Chief Electrical Inspector of the Federation, said that the meters were programmed to reject low current in order to avoid damage to the appliances the current was supposed to power….
Vice President Yemi Osinbajo on Monday said the Federal Government has spent N1.7 trillion in capital investment in two budget years. Mr Osinbajo spoke while addressing participants at the 9th Presidential Quarterly Business Forum held at the State House Banquet Hall in Abuja. The focus of the forum was on job creation. The vice president…
Vice President Yemi Osinbajo addressing MSMEs during one of Social Investment Programmes facility disbursement Share …As Osinbajo claims disbursement of N2tn so far More than three years into the life of the current administration and its well publicized barrage of social investment programmes, development economists are worried on the scarcity of real beneficiaries who have…
As more stakeholders in the country’s oil/gas and maritime space continue to leverage critical partnerships to develop vessels, the country’s local content programme championed by the Nigerian Content Development and Monitoring Board (NCDMB) appears to be gathering momentum. Collaborations have been identified as particularly effective way to lower costs and simplify contractor management. Combining equipment,…
The nation is set to add at least 5,000 barrels of oil per day and 300MW to its energy capacity with the entrance of Waltersmith Refining and Petrochemical Company’s 5,000 barrels of oil per day modular refinery situated at the Ibigwe Field in OPL 2004.According to the firm, the investment will shape Nigeria’s petroleum products…
The Central Bank of Nigeria (CBN) has asked a Lagos High Court to dismiss a suit brought before it by MTN Nigeria, seeking to stop the bank’s directive to it (MTN) to return to the coffers of the apex bank, $8.1billion alleged to have been improperly repatriated by the telecom firm and unpaid taxes of…
