The Nigerian Content Development and Monitoring Board (NCDMB) has said Nigerian content in the oil and gas industry has risen to 61 per cent from five per cent in 2010, as it targets greater global competitiveness for indigenous oilfield service companies. General Manager, Corporate Communications, NCDMB, Dr. Obinna Ezeobi, disclosed this on Thursday at the…
Support staff at the Port Harcourt Refining Company (PHRC) have threatened to shut down the refinery within 48 hours if the Nigerian National Petroleum Company Limited (NNPCL) does not address their demands on unpaid salaries and welfare. The workers blocked the refinery entrance in Eleme, Rivers State, set up tents and demanded seven months of…
Nigeria’s oil regulator released 40 oil and gas blocks for bidding on Wednesday. The announcement was dated Oct 7. The round received approval from President Bola Tinubu, who also serves as minister of petroleum resources. The blocks cover land, shallow water and deepwater terrains. A detailed list and participation criteria will be published on a…
Nigerian National Petroleum Company Limited spent N11.2 trillion on pipeline surveillance and other receivables from the federation in 2025, a figure that has unsettled energy experts because it is larger than the N7.2 trillion profit the company reported for the same period. The state oil firm released its 2025 audited financial statement last week. Profit…
Dangote Refinery offers 20% of $1.6 billion IPO to East African investors Dangote Petroleum Refinery & Petrochemicals FZE is offering investors in East Africa access to nearly 20% of its initial public offering, with the regional offer expected to raise as much as $300.4 million. This was contained in an information memorandum released on Wednesday…
The Niger Delta Power Holding Company (NDPHC) has renewed efforts to connect more businesses, manufacturers and commercial operators to reliable electricity through its Eligible Customer Programme. The initiative allows qualifying customers to access dedicated power supply under mutually agreed commercial arrangements, as the company seeks to bridge the gap between available generation capacity and the…
The Managing Director and Chief Executive Officer of Nigeria LNG Limited (NLNG), Mr. Adeleye Falade, has pledged to strengthen the company’s partnership with Coleman Technical Industries Limited, particularly in local content development and the expansion of Nigerian manufacturing capacity. Falade made the commitment during a tour of Coleman’s manufacturing facilities in Sagamu and Arepo, Ogun…
Nigerians living abroad are keen to buy into Dangote Refinery’s N2.15 trillion public offer, Africa’s largest ever, but many are stalling at identity and address verification, according to Chidozie David Okonkwo, founder and chief executive of Zinnc, a platform that connects diaspora investors to Nigeria’s regulated capital market. The offer is due to close on…
NNPC Retail is offering a N66 discount on every litre of petrol bought at participating NNPC Retail stations until October 7. The company is also giving N30,000 each to 50 winners through their NNPC Fuel App wallets. The promotions are tied to Nigeria’s 66th Independence Day and are designed to push customers onto the company’s…
G7 nations and their partners have agreed to release as much as 100 million barrels of emergency crude oil and diesel stocks to ease tight fuel supplies and bring down elevated diesel prices. French President Emmanuel Macron announced the agreement on Friday, October 2. The release will be coordinated through the International Energy Agency (IEA)…
