Commerce & Industry

  UTM Offshore Limited, promoters of Nigeria’s first Floating Liquefied Natural Gas (FLNG) facility has requested the Nigerian Content Development and Monitoring Board (NCDMB) to invest equity in the project and to accelerate key approvals that would fast-track the project’s development. The request was made on Wednesday at the Nigerian Content Tower in Yenagoa, Bayelsa State when the Executive Secretary …

AI Solution Can Reshape Nigeria’s Economy, Healthcare Sector – Biodun In a recent dialogue, esteemed Data Scientist and Machine Learning Engineer, Mr. Gbolahan Temilorun Biodun, underscored the transformative impact of AI solutions on Nigeria’s economic landscape. He highlighted that AI implementation holds the key to surmounting challenges, fostering innovation, and propelling the nation towards a new era of growth. Gbolahan …

Governor Ademola Adeleke has resuscitated Osun shareholding within the largest gold mining operating firm in Nigeria, Segilola Resources Operating Limited. The shareholding shrouded in secrecy and largely unvalidated until now was earned from the state investment from which Segilola emerged In a business meeting with the Managing Director, Segun Lawson and his team on Monday, Governor Adeleke disclosed details of …

Total Energies Visits NCDMB, Reconfirms FID for Ubeta Project in 2024, Others Underway. Hopes of new projects that would revitalize the Nigerian oil and gas industry and grow local content appear close to realization as the Managing Director and Country Chair Total Energies E&P Nigeria Limited, Mr. Matthieu Bouyer reconfirmed on Thursday that the company would take the final investment …

The Ooni of Ile-Ife, Oba Enitan Ogunwusi has tasked Nigerian governors, politicians and political leaders to encourage local production and ensure that relevant laws and policies capable of encouraging local industries are in place. The monarch stated on Thursday after receiving two vehicles and two motorcycles donations from Innoson Motors to commemorate his 8th coronation ceremony at his palace in …

NCDMB, Aimed At Reducing Capital Flight In Nigeria. The Executive Secretary of the Nigeria Content Development and Monitoring Board (NCDMB) Engr Simbi Wabote, says the Board is making efforts to curb capital flight in the country. Speaking during the 2023 Practical Nigerian Content Forum (PNC) Youth Forum, On Tuesday, 5th December, 2023 at Harold Biriye Hall, Govt House, Yenagoa. Wabote …

Minister Commends Waltersmith Refinery, NCDMB for Improving Domestic Refining Capacity The Minister of State for Petroleum (Oil), Senator Heineken Lokpobiri, has commended Waltersmith Group and the Nigerian Content Development and Monitoring Board (NCDMB) for supporting the Federal Government agenda of improving domestic refining capacity. Speaking on Tuesday during a facility tour of Waltersmith Petroman Oil Limited, Ibigwe, Ohaji-Egbema Local Government …

As part of efforts to improve economic and social development, Niger State Governor, Muhammad Umaru-Bago, has reassured prospective investors that the state is safe and ready for investments.Governor Bago who stated this in Abuja on Wednesday said as a way to ensure security in the state it is already working with the Central Bank of Nigeria, CBN and has imported …

In a bid to combat youth unemployment and restiveness in Nigeria, the ‘Youth Off The Street Initiative’, YOTSI, has officially unveiled the FUND-YES, a youth based entrepreneurship scheme to finance poverty eradication, Ebony Herald international Magazine has learnt.The official unveiling ceremony was performed at the National Merit Award House, Maitama Abuja, on Tuesday August 8,2023.The event attracted the presence of …