First City Monument Bank (FCMB) has been selected as one of the Participating Financial Institutions (PFIs) for the implementation of the Community Contractors Finance Scheme, an initiative of the Nigerian Content Development and Monitoring Board (NCDMB) in partnership with the Bank of Industry Limited (BoI). The scheme is designed to bridge the funding and skills…
The Federal Government, through the Nigerian Upstream Petroleum Regulatory Commission, has projected an increase of approximately 600,000 barrels per day in Nigeria’s crude oil production, driven by a surge in new investments in the upstream sector. It stated that the additional output would come from the 28 Field Development Plans approved so far in 2025,…
October 17, 2025085 The EVP NNPCL, and Chevron leadership team members in a group photograph at Escravos Chevron Nigeria Limited (CNL), on Tuesday October 14, 2025, welcomed the Executive Vice President (EVP) Upstream, of the Nigerian National Petroleum Company Limited, Udobong Ntia to its Escravos operations base for an official visit that underscored the strategic…
The Nigerian UPstream Petroleum Regulatory Commission, NUPRC, says it has implemented series of transformative and regulatory interventions designed to reposition Nigeria’s upstream sector for competitiveness, resilience and sustainable growth, adding that through these efforts, the Commission is not only driving the rebound of the oil and gas industry, but also shaping Nigeria’slong-term energy future. The …
The ministry said it was profoundly saddened by the deep sense of national loss. A statement by the ministry said that Ambassador Ogidan died on Saturday 27th of September 2025 in Abuja in a brief illness. Until his unfortunate and painful passing, he was the Director in-charge of the West African Affairs Division (WAAD) in…
In line with its capacity building mandate, the Nigerian Content Development and Monitoring Board (NCDMB) is set to begin a comprehensive digitalization training programme targeting 3,700 youths across the country. In a statement, the General Manager, Corporate Communications, Obinna Ezeobi, PhD said theinitiative, which is under the banner of the NCDMB Digitalization Initiative (NDI), is…
About 1,264 mining licences are to be deleted from the Electronic Mining Cadastral System portal of the Nigerian Mining Cadastral Office due to failure by the companies to comply with payment of their annual service fees. The minister of Solid Minerals Development, Dele Alake, disclosed this in a statement issued by his special assistant on…
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) and the Dangote refinery again clashed yesterday over the allegation of diversion of petroleum products by members of the association. DAPMAN is demanding a retraction of the claim in seven days, threatening to take legal action if the refinery fail to yield to its demands…
The Reconciliatory meeting organised by the Federal Ministry of Labour between Dangote Refinery and the National Union of Petroleum and Gas Workers ended in a stalemate on Monday night. The meeting, which had in attendance the national executives of NUPENG and officials of the Nigeria Labour Congress and the Trade Union Congress, the Executive Director,…
Researchers have developed a cooling approach that could enhance solar panels’ performance in scorching weather. The innovation solves a common challenge for solar power in desert areas where panels can reach over 150 degrees Fahrenheit. When panels get this hot, they produce less electricity than they’re capable of. The University of Sharjah team in lndian…
