Category: Local Content

To the Peoples Democratic Party (PDP), the Nigerian National Petroleum Corporation (NNPC) is economical with the truth on remittances into the Federation Account. But, the All Progressives Congress (APC) says PDP is crying wolf where there is none, describing the claim as bogus. In its response titled: “PDP allegations on NNPC operations: The facts”, the…

The Federal Government has not ordered international oil companies (IOCs) to relocate their head offices to Niger Delta, according to a source in the presidency. The clarification follows reports in the media that the government may have resolved to have the headquarters of the oil majors in the oil-rich region. The top source told The…

The National Bureau of Statistics (NBS), said 165.71 million litres of Liquefied Petroleum Gas (LPG) was imported into the country in the second quarter.  The NBS disclosed this in its “Petroleum Products Importation and Consumption (Truck Out): LPG (Q2 2018)” report released on Sunday in Abuja. According to the report, April recorded the highest volumes…

By Energy Worth Members of the Private Depot of Oil and Gas Marketers Association of Nigeria (PDOGMAN) have passed a vote of confidence on President Muhammadu Buhari for ensuring fuel availability, especially during the just celebrated Muslim festivities. Speaking with newsmen over the weekend, the pioneer National President of the Association, Chief (Dr.) Kolawole Adewoyin…

By Energy Worth Efforts by the Nigerian Stock Exchange (NSE), to woo multinational companies in the telecoms, and oil and gas sectors to list on the nation’s bourse may continue to ‘hit a brick wall’, unless government withdrew completely from private business. More so, regulators must interface with government to create appropriate regulation, tackle liquidity…

By Energy Worth THE Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote has urged investors in Nigeria’s oil and gas industry to get listed on the Nigerian Stock Exchange, NSE in order to attract adequate funds required to grow their businesses. Speaking at the closing gong ceremony at NSE, Lagos recently,…

The Delta State Police Command has arrested seven suspects in connection with the alleged assassination of the state task force chairman of the Nigeria Union of Petroleum and Natural Gas Workers, Chief Emmanuel Akpojevughe. Akpojevughe was reportedly killed around 8am last Thursday in Evvriyen village on the Benin-Effurun-Warri Expressway in the Okpe Local Government Area…

Energy Worth with Agency Report Federal Inland Revenue Services (FIRS), has sealed off of the corporate headquarters of Transmission Company of Nigeria (TCN), over unremitted taxes. Though details of the tax liability were still sketchy during press time, it was gathered that the workers were locked out of the premises of TCN situated at Maitama…

By Oke Peter Nigeria’s first commercial solicitor firm specializing exclusively in non-courtroom practice, Detail Commercial Solicitors (DCS) has announced that the gathering of French and Nigerian business leaders, investors and public sector leaders, “Spotlight Nigeria Investment Forum’ will hold between 4-5 October, 2018, at the Marriott Rive Gauche Hotel and Conference Centre, Paris, France. Spotlight…

By Energy Worth Stakeholders, including a former Vice-President, Africa Region, World Bank, Oby Ezekwesili, on Monday, called on the Federal Government to insist on accountability and binding rules on revenue outflow from the nation’s Excess Crude Account. They said the absence of rules of practices governing deposits, withdrawals and investment of the ECA led to…