Nigerian Content is defined as the quantum of composite value added or created in the Nigerian economy through the utilization of Nigerian human and material resources for the provision of goods and services to the petroleum industry within acceptable quality, health, and safety and environmental standards in order to stimulate the development of indigenous capabilities.”

The Indian Government has registered its intention to seek a major expansion of its economic ties with Nigeria through increased participation in all sectors of the oil and gas industry in the country.

DAVOS, Switzerland, Jan 26 (Reuters) – As Africa moves from a significant fiscal deficit largely funded by aid to a continent with a fiscal surplus, the search is on for a framework to manage countries’ resource-driven wealth.

ABUJA The Nigerian National Petroleum Corporation, NNPC and the National Union of Petroleum and Natural Gas Workers have resolved to work together to ensure the smooth passage of the Petroleum Industry Bill currently before the National Assembly in order to impact positively on the Nigerian economy.

THE Nigeria National Petroleum Corporation (NNPC), the state-run national oil company has attempted to provide a clear cut direction for the oil and gas industry currently bedeviled by an atmosphere of uncertainty owing to the pending passage of the Petroleum Industry Bill (Bill) before the National Assembly.