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By Celestine Okafor (Editor-in-Chief) @CelestineOkaf11

The Nigerian Content Development and Monitoring Board (NCDMB) announced on Monday that it had eliminated middlemen from the oil and gas industry value chain and contributed to shortening the oil industry contracting cycle to six months, courtesy of the three Presidential Directives on Local Content operations issued by President Bola Tinubu in March 2024.

By Celestine Okafor (Editor-in-Chief)

Nigeria's Minister of State Petroleum Resources (Oil), Senator Heineken Lokpobiri Ph.D, said on Tuesday that his attention has been drawn to statements by Engr. Kamoru Busari, Director of Upstream in the Ministry of Petroleum Resources, who represented him at a recent conference in Lagos.

By Celestine Okafor (Editor-in-Chief)

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe on Friday commissioned the 10,000 Tons per annum galvanizing plant constructed by Daewoo Engineeering Nigeria Limited, one of the engineering, procurement, and construction (EPC) contractors of the Nigeria LNG Limited (NLNG) Train 7 Project.

  • Posts N3.3 Trillion Net Profit, Declares N2.1 Trillion Dividend
  • Targets 2mbpd Crude Oil Production By December 2024

By Celestine Okafor (Editor-in-Chief) @CelestineOkaf11

The Nigerian National Petroleum Corporation Limited (NNPC Ltd) has released its 2023 Audited Financial Statement (AFS), declaring a net profit of N3.297 trillion at the close of the financial year which ended in December 2023, an increase of over N700billion (28%) when compared to the 2022 profit of N2.548trillion.

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