NCDMB, BOI Unveil $100m Fund for Oil & Gas Firms
NCDMB and Bank of Industry launch a $100m equity fund to boost local oil & gas firms. Nigerian content performance rises to 61%. New rules make certificates non-transferable from 2026.
Category : Search result: Russian gas imports
Ssonic Gas Foundation Launched to Support Vulnerable Nigerians
Dr. Ifeoma Douglas calls on Nigerians to complement government efforts in aiding the less privileged. The Ssonic Gas Company Foundation launch in Abuja distributed aid to thousands.
NNPC's N5.4trn Profit Sets New Public Sector Standard
Policy group CEAR praises NNPC's historic N5.4 trillion profit, crediting CEO Bayo Ojulari's leadership for resetting standards in Nigeria's oil and gas sector. Discover the details.
NCDMB, BOI unveil $100m fund, local content hits 61%
NCDMB and BOI launch a $100m Equity Investment Scheme to boost indigenous oil & gas firms. Nigerian content performance rises to 61%. New rules make certificates non-transferable from 2026.
Pacific Island Office Aids Sanctions-Busting Oil Smuggling
A beachside office in the Cook Islands is being used by dozens of tankers to smuggle Russian and Iranian oil, undermining Western sanctions. New Zealand expresses alarm. Read the full investigation.
Cooking Gas Price Rises to N820/kg After Dangote Refinery Hike
Dangote Refinery increases cooking gas price to N820 per kg, triggering nationwide retail hikes just before Christmas. Analysts question the move amid favourable global oil trends. Read more.
UK Halts $1.15bn Loan for Mozambique Gas Project
Britain withdraws funding for TotalEnergies' Mozambique LNG project, citing national interests. The $20bn project, paused after a deadly 2021 attack, faces new hurdles. Read more on the implications for Africa's energy sector.
UK Pulls $1.15bn Loan for Mozambique Gas Project
Britain withdraws funding for TotalEnergies' Mozambique LNG project, citing national interests. The $20bn project, halted by jihadist violence, faces new hurdles. Read the full analysis.
Niger Markets Nationalized Uranium Internationally
Niger's military regime announces international uranium sales from nationalized French mines. Junta asserts sovereignty over natural resources amid growing Russia ties.
FG Opens 50 Oil, Gas Blocks for Sale, Announces Date
Nigeria launches ambitious 50-block oil and gas licensing round starting December 1. International roadshows planned to attract global investors and boost energy sector growth.
Dangote Refinery Saves Nigeria N10bn Yearly
Dangote Refinery is saving Nigeria over N10 billion annually in foreign exchange by replacing fuel imports with locally refined products. Discover how this impacts Nigeria's economy.
LASEPA: 4,000 Lagos companies emit greenhouse gases
Lagos State Government reveals over 4,000 companies emit greenhouse gases. New registry launched to track emissions and promote environmental compliance across sectors.
Watchdog Defends PIA Implementation Against ₦1 Trillion Claim
Niger Delta accountability network refutes House Committee claims, says Petroleum Industry Act implementation is on track and bringing stability to oil sector. Read full details.
Belgian PM opposes EU plan on Russian assets for Ukraine
Belgium's Prime Minister Bart De Wever strongly opposes the EU proposal to use frozen Russian assets for Ukraine funding, citing legal and financial risks for his country.
Ukraine: Too Early for Russian Athletes at Olympics
Ukraine's Sports Minister says it's too early for Russian and Belarusian athletes to compete under their flags at the Winter Olympics. Read why justice must come first.
UK Allows New Oil and Gas Drilling in North Sea
Britain's Labour government signals a policy shift, permitting limited oil and gas extraction in existing North Sea fields despite a prior ban on new licenses. Discover the details.
Tinubu Hails Ex-NNPC GMD Gaius-Obaseki at 80
President Bola Tinubu celebrates former NNPC GMD Dr. Jackson Gaius-Obaseki's 80th birthday, praising his decades of service in Nigeria's oil and gas sector. Read more about his remarkable career.
Rivers remains key oil investment hub - Fubara
Governor Siminalayi Fubara assures investors Rivers State is secure and open for oil and gas business. Discover opportunities in Nigeria's hydrocarbon heartland.
Tinubu hails former NNPC GMD Gaius-Obaseki at 80
President Tinubu celebrates Dr. Jackson Gaius-Obaseki's 80th birthday, praising his transformative impact on Nigeria's oil and gas sector. Read about his legacy and NNPC's new health scheme.
NNPC Posts N5.4trn Profit, Reveals $60bn Investment Plan
NNPC Limited announces record N5.4 trillion profit after tax for 2024 and reveals ambitious $60 billion investment strategy to boost oil, gas and clean energy capacity by 2030.
NNPCL Targets Higher Production, Gas Monetisation in 2025
NNPC Limited reveals a ₦5.4 trillion profit and outlines a bold 2025 strategy focusing on increased oil production to 1.8 million bpd, aggressive gas monetisation, and cost-cutting measures. Discover how this impacts Nigeria's economy.
Former Spy Exposes Russian & Chinese Honeytrap Tactics
Former KGB-trained spy Aliia Roza reveals how female agents use psychological manipulation and seduction to extract Western secrets. Learn the warning signs of espionage.
Gas Explosion Claims 3 Lives in Ibadan
Tragic gas explosion in Ibadan's Biodun Alaadun area leaves three dead, including shop owner. Oyo State Fire Service confirms incident details and restoration of normalcy.
Gas explosion kills many in Ibadan
A tragic gas explosion in Ibadan's Bioku-Alaadun area has claimed multiple lives and damaged properties. Emergency services are on site. Learn more about the incident and crucial safety measures.
Cargo Disruptions Feared as Imports Surge in Ember Months
Nigerian customs agents report system slowdowns during peak import season, threatening supply chains. The NCS attributes issues to user-specific problems, urging traders to use help desks.
Russian Forces Struggle Against Mali Jihadist Blockade
Russian Africa Corps forces in Mali fail to break jihadist fuel blockade as civilian casualties mount. Learn how Moscow's strategy impacts Sahel security.
US sanctions hit Lukoil's Bulgaria refinery operations
Bulgaria takes control of Lukoil's Neftochim refinery to avoid US sanctions. Learn how this affects fuel supply in Southeast Europe and the search for new buyers.
ExxonMobil relaunches Mozambique gas project
ExxonMobil resumes its Rovuma LNG project in Mozambique after a 4-year jihadist insurgency pause. Production expected by 2030, boosting regional economy.
Teens Escape Russian Conscription in Mariupol
Two Nigerian teenagers share their harrowing escape from Russian military draft in occupied Mariupol. Read their incredible survival story and the risks facing young men in conflict zones.
PENGASSAN: Oil Retirees' Pensions Losing Value
PENGASSAN raises alarm as oil and gas retirees face hardship with stagnant pensions eroded by inflation. Union demands urgent review from PenCom and major oil companies.
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