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 Nigerian Content in oil, gas reaches 54% in 2023, NCDMB targets 70% by 2027 – Engr. Ogbe, ES
August 22, 2024DocumentaryEnergy TransitionFinanceImpactLocal ContentMaritimeNewsOil & Gas

 Nigerian Content in oil, gas reaches 54% in 2023, NCDMB targets 70% by 2027 – Engr. Ogbe, ES

… lists gains of NOGIDC Act, charges Namibia to prioritise local content Oredola Adeola Engr. Felix Ogbe, Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB) announced that by the end of 2023, the country had reached a…

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Edo State becomes 6th state to gain authority for state-level electricity market oversight, effective August 21, 2024
August 21, 2024DistributionGenerationNewsPowerTransmission

Edo State becomes 6th state to gain authority for state-level electricity market oversight, effective August 21, 2024

… transfer of assets, liabilities, other relevant contractual rights to be completed by 20 February 2025   Oredola Adeola The Nigerian Electricity Regulatory Commission (“NERC” or the “Commission”) has issued an order to transfer regulatory oversight of the electricity market…

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Nigerian Navy dismantles illegal refinery in Rivers State capable of producing 2m litres of Diesel per day
August 21, 2024DownstreamMidstreamNewsOil theftSabotage

Nigerian Navy dismantles illegal refinery in Rivers State capable of producing 2m litres of Diesel per day

… says illegal refiners use drums for refining stolen crude, gaining tactical advantage with easy dismantling   Oredola Adeola The Nigerian Navy Ship PATHFINDER has dismantled a large-scale illegal crude oil refining site along the Ogoloma-Isaka River in Rivers State,…

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First petrol delivery from Dangote Refinery expected in September- FG confirms 
August 19, 2024DownstreamLocal ContentMidstreamNewsOil & Gas

First petrol delivery from Dangote Refinery expected in September- FG confirms 

… reveals crude oil sales in Naira to Dangote, other domestic consumers begin October 1, 2024   Thelma Tokunbo   The Federal Government has announced that the first Premium Motor Spirit (petrol) delivery from the Dangote Refinery is expected in…

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Tinubu’s SSA Digital Economy, Engr. Adighije, appointed as new MD/CEO of NDPHC
August 19, 2024DistributionGenerationNewsPowerTransmission

Tinubu’s SSA Digital Economy, Engr. Adighije, appointed as new MD/CEO of NDPHC

… as Chiedu Ugbo bows out after two terms as MD   Oredola Adeola President Bola Tinubu has appointed Engineer Jennifer Adighije, formerly the Senior Special Assistant on Entrepreneurship Development in Communications, Innovation, and Digital Economy, as the new Managing…

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TCN energizes 25 transmission transformers, boosts capacity to 2150 MVA between January, June 2024 – Engr. Abdulaziz, TCN MD
August 19, 2024NewsPowerTransmission

TCN energizes 25 transmission transformers, boosts capacity to 2150 MVA between January, June 2024 – Engr. Abdulaziz, TCN MD

… attributes Federal Ministry of Finance’s failure to pay counterpart funding for delays in implementing donor-funded projects … grapples with N600bn in liabilities in ground rent payments to state governments Oredola Adeola The Transmission Company of Nigeria (TCN) has energized…

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AFS: NNPC Limited reports N700bn (28%) increase in 2023 Net Profit to N3.248 trillion
August 19, 2024DocumentaryDownstreamFinanceMidstreamNewsUpstream

AFS: NNPC Limited reports N700bn (28%) increase in 2023 Net Profit to N3.248 trillion

… denies subsidy payment, says it was only taking care of PMS importation shortfall … cites distribution, logistics challenges as causes of fuel scarcity in Lagos, Abuja   Oredola Adeola The Nigerian National Petroleum Company (NNPC) Limited, in its 2023 Audited…

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Matrix Energy Group reaffirms commitment to quality, integrity amidst dirty petrol import allegations
August 18, 2024DownstreamMaritimeMidstreamNewsOil & GasUpstream

Matrix Energy Group reaffirms commitment to quality, integrity amidst dirty petrol import allegations

… we did not discharge 200,000 metric tons of PMS into our facility in July 2024 – Akinola, Matrix Spokersperson Oredola Adeola Matrix Energy Group has asserted that its imported petroleum products meet the specifications set by the Nigerian Midstream…

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NNPC Ltd is not owing $6.8bn – Soneye responds to critics
August 18, 2024DownstreamFinanceMidstreamNews

NNPC Ltd is not owing $6.8bn – Soneye responds to critics

.. refutes claims of non-remittance, affirms regular tax payments to Federation Account  Thelma Tokunbo The Nigerian National Petroleum Company Limited (NNPC Ltd.) has refuted a media report claiming that the company owes international oil traders $6.8 billion and has not…

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Presidential Jets Seizure: Zhongfu firm is an imposter, it’s Chinese against Chinese- Senator Ibikunle Amosun explains his part 
August 17, 2024ConcessionNewsSabotage

Presidential Jets Seizure: Zhongfu firm is an imposter, it’s Chinese against Chinese- Senator Ibikunle Amosun explains his part 

… urges FG to handle Zhongfu International Investment FXE with same rigor as P&ID case Oredola Adeola Senator lbikunle Amosun, former Governor of Ogun State has expressed commitment to work with the Ogun State and the Federal Government agencies in…

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