Commerce & Industry

Norway doubles down on Oil and Gas •Norway’s oil and gas investment is expected to reach a record high in 2025, driven by new exploration activity and increased demand for Norwegian gas. •While Norway is a leader in renewable energy, it continues to invest heavily in oil and gas production, raising concerns about its climate commitments. •Norway aims to balance …

NAFDAC Seals Abuja Chinese Supermarket For Violating Regulations. By Shalom Oludele   National Agency for Food and Drug Administration and Control (NAFDAC), on Monday in Abuja, sealed a Chinese supermarket for violating NAFDAC regulations. The Chinese supermarket located at Azba Mall, 2 Durban Street, Wuse 2, Abuja, would undergo investigation for allegedly selling goods labelled in Chinese language without its …

Minister Of Petroleum List Achievements, Commends President Tinubu Oil Sector Reforms. The Honourable Minister of State for Petroleum Resources (Oil) Senator Heineken Lokpobiri, has attributed the successes recorded in the oil sector to the presidential directive to ramp up oil production to a sustainable level. Lokpobiri who made this known through a statement issued to newsmen said the presidential directive …

Nigerian Content Level Hits 56% as Ministers, Stakeholders Hail NCDMB on Developmental Initiatives … NCDMB, BoI Sign Agreement on N15bn Community Contractor Fund The Nigerian Content performance level in the oil and gas industry has hit 56 percent in 2024, the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe announced on Tuesday. He spoke at …

Port Harcourt Refinery Yet To Commence Bulk Sales – NNPC By Shalom Oludele   The Port Harcourt Refining Company, PHRC, is yet to commence bulk sales neither has it  opened its purchase portal, because essential processes are still being finalised. The Nigerian National Petroleum Company (NNPC) Limited has said an official announcements will be made if and when price reviews …

Aviation Sector: NSIB DG Seeks Reps’ Partnership to Address Poor Funding, Other Challenges.   …As Reps C’ttee Reiterates Commitments to make Nigeria Air Space safe for all   …Invites contractor to appear before committee over slow pace of building project at NSIB training centre     By Saheed Badmus       Director-general/chief executive officer of the Nigerian Safety Investigation …

Senate Passes Landmark Bill to Reform Nigeria’s Capital Market   In a historic move, the Nigerian Senate approved the second reading of the Investments and Securities Bill 2024 on Tuesday, marking a significant step towards overhauling the country’s capital market regulations.   Led by Senate Leader Senator Opeyemi Bamidele and Senator Osita Izunaso, the bill aims to modernize and streamline …

Ike-Muoso Expresses RMRDC’s Determination to Make Nigeria a Producing Nation. The Director General/CEO of the Raw Material Research and Development Council (RMRDC), Prof. Nnanyelugo Ike-Muoso, has expressed his determination to refocus the council to making Nigeria a producing nation. On Tuesday during a press conference in Abuja to mark his 100 days in office, Ike-Muoso said he is going to …

  HOPE FOR NATIONAL GROWTH THROUGH DANGOTE GROUP. I have taken time to develop this narrative hoping it would assuage readers to understand events that have led to some online narratives (cheche ku cheche) on Dangote refinery. I cast a long view trying to tie some decisions to the future of oil and gas in Nigeria. Please forgive my over …

OONI UNVEILS A NEW SOFT DRINKS IN LAGOS, SAYS NIGERIA CAN LEAD AFRICA TO CONTEST IN THE GLOBAL MARKET The Arole Oduduwa & Ooni of Ife, Ooni Adeyeye Enitan Ogunwusi, CFR, Ojaja II on Tuesday reaffirmed that the capability of Nigeria to lead the continent of Africa to compete healthily in the global market with standard goods particularly when it …