THE Nigerian Content Development and Monitoring Board (NCDMB) has been tasked to ensure that the Nigerian oil and gas industry is able to produce all its needs by year 2027, the Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu has directed.

THE Nigerian Electricity Regulatory Commission, NERC, has slammed the Ibadan Electricity Distribution Company, IEDC with a fine of N50 million for alleged giving out of loan worth N6 billion from the N11.367 billion it received from the Nigeria Electricity Market Stabilisation Fund, NEMSF, granted by the Central Bank of Nigeria, CBN, to its core investor group.

There are indications that Nigeria’s crude oil biggest buyer, India has started looking up to the United States for the product. According to Platts, “Indian Oil Corporation (IOC) issued a tender for one Suezmax or VLCC cargo of US crude loading in December, along with one Suezmax or VLCC of West African crude.

THE management of Ikeja Electric has signed a Memorandum of Understanding (MoU) with Mojec International, a local meter manufacturing firm, for the supply of 2,055 Distribution Transformer (DT) Meters.

PIPELINES and Products Marketing Company, PPMC, a subsidiary of the Nigerian National Petroleum Corporation, NNPC, earned N132.04 billion from the sale of white petroleum products in the month of July 2017.