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FG plans new finance scheme to bridge oil sector funding gaps

FG plans new finance scheme to bridge oil sector funding gaps

By Michael Eboh The Nigerian Content Development Monitoring Board, NCDMB, has announced plans to introduce a new financing scheme to address the gaps witnessed under the Bank of Industry, BOI, funding initiative for companies operating in the Nigerian oil and gas industry. Speaking in Abuja, Executive Secretary of the NCDMB, Mr. Simbi Wabote, stated that […]

Oil-producing communities draw up template to manage 13% derivation

Oil-producing communities draw up template to manage 13% derivation

Oil-producing communities under the auspices of Host Communities of Nigeria Producing Oil and Gas, HOSCON, yesterday, said they had had drawn up a template to be presented to the Federal Government, for the management of the 13 per cent Derivation Fund.

Niger govt, developer commence construction of 200 unit-Abubakar Sani Bello Housing Estate

Niger govt, developer commence construction of 200 unit-Abubakar Sani Bello Housing Estate

Niger State Government and Happy Home Builders Nigeria Limited, a real estate development firm, under a Public-Private-Partnership, PPP arrangement, have commenced construction of 200 units of one bedroom bungalows and two-bedroom duplexes residential housing estate at  Rafinsayin known as Abubakar Sani Bello Housing Estate along Suleja-Madalla Abuja Road, Niger State. The estate is named after the state governor.

WAV, STG end rift, sign settlement agreement

WAV, STG end rift, sign settlement agreement

At last, Sea Trucks Group Limited, STG, a British Virgin Island company and West African Ventures Limited, WAV, a 100 per cent Nigerian company have resolved their dispute amicably in Lagos.

Locally-trained welders adding value to refineries -WRPC, PHRC

Locally-trained welders adding value to refineries -WRPC, PHRC

By Michael Eboh Management of the Port Harcourt and Warri refineries have commended the Petroleum Technology Development Fund, PTDF, for its welders’ training programme, stating that the welders had added significant value to the operations of the country’s refineries. In a statement in Abuja, Head, Press and External Relations of the PTDF, Mr. Kalu Otisi, […]

APC knows the game’s over— PDP chieftain

APC knows the game’s over— PDP chieftain

OLEH—AS mixed reactions continue to trail the postponement of the presidential and National Assembly elections, a chieftain of Peoples Democratic Party, PDP, in Delta State, Dr. Nelson Ejakpovi has said that the All Progressive Congress, APC, was aware that the game was over, saying it would concede defeat in the forthcoming poll as the PDP did in 2015.