The Nigerian Content Development and Monitoring Board has disclosed that it has received an interim dividend of N450m out of the N1.5bn declared for the 2023 financial year by Waltersmith Refinery and Petrochemical Company Limited. The NCDMB had in July 2018 invested $10m to acquire a 30 per cent stake […]
Business
The Federal Government through the Ministry of Solid Minerals Development has initiated a gender strategy policy for the local mining and steel sectors to foster diversity, empower women and enhance the overall sustainability of the mining sector. The Minister of Solid Minerals Development, Dr Dele Alake, launched the strategy plan […]
The Federal Government through the Ministry of Solid Minerals Development has initiated a gender strategy policy for the local mining and steel sectors to foster diversity, empower women and enhance the overall sustainability of the mining sector. The Minister of Solid Minerals Development, Dr Dele Alake, launched the strategy plan […]
The Presidential Fiscal Policy and Tax Reforms Committee will hold public engagements on fiscal and tax reforms starting in Lagos on Thursday. The committee’s chairman, Taiwo Oyedele, said in a statement on Tuesday on X that the team would consult with stakeholders in Lagos and Abuja as part of a […]
Oil dealers under the aegis of the Independent Petroleum Marketers Association of Nigeria, on Tuesday, declared that it would shut down the 30,000 stations operated by IPMAN members across the country if the Federal Government fails to pay the N200bn it owes marketers. IPMAN specifically said the Nigerian Midstream and […]
The Central Bank of Nigeria has again justified its reliance on the Loan Deposit Ratio to control the country’s rising inflation. The apex bank also said it is ready to do whatever it takes to reduce the inflation rate. The CBN’s Acting Director of the Banking Supervision Department, Dr Adetona […]
The Federal Government, on Tuesday, announced that it was set to issue a fully valid operating licence to the 650,000 barrels per day capacity Dangote Petroleum Refinery. It announced this at the Stakeholders’ Consultation Forum on Midstream and Petroleum Host Community Development Trust Regulations organised by the Nigerian Midstream and […]
Obat Oil and Petroleum Limited has undergone a rebranding process and will now be known as Obat Energy. The energy firm said this in a statement made available to newsmen on Wednesday. According to the firm, the new name and the logo were unveiled on Wednesday. While appreciating its customers […]
Aradel Holdings Plc has reiterated its commitment to indigenisation in the nation’s oil industry. The Chief Executive Officer/Managing Director of Aradel, Mr Adegbite Falade, disclosed this recently when he led senior leaders of the energy company on a courtesy visit to the Executive Secretary of the Nigerian Content Development and […]
Prior to the commencement of the construction of its proposed 100,000 barrels per day modular refinery, the MIDOil Refining and Petrochemicals Company Limited had set up a community forum. The inaugural meeting of the MIDOil Refinery/Communities Forum was held recently at Ererufu Community Townhall in the Ikosi/Ejinrin Local Council Development […]
