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Finance & Economy - Page 159

NCDMB Unveils Nationwide Scheme to Equip 10,000 Young Nigerians for Emerging Oil and Gas Jobs

The Nigerian Content Development and Monitoring Board (NCDMB) has announced plans to train over 10,000 young Nigerians in the most sought-after technical and professional skills in the oil and gas sector, under a new initiative tagged the Oil and Gas Field Readiness

October 26, 2025

IMF Sympathises With Victims Of Kenya Anti-tax Protest

Africa·Finance & Economy

IMF Says Call To Cancel African Debts Legitimate

IMF) MD Kristalina Georgieva, has acknowledged the legitimacy of the debt cancellation demand made by many African countries.

October 13, 2023

News·Oil & Gas

‘No Excuses’ For August 2024 Deadline, Minister Charges Gas Pipeline Contractors

Nigeria’s Minister of State Petroleum Resources, Ekperikpe Ekpo, has called on contractors overseeing the 614-kilometer Ajaokuta, Kaduna, Kano gas pipelines project to stay committed to the promised July/August 2024 completion deadline. Ekpo’s concerns about the project’s sluggish progress were voiced during a

October 13, 2023

Business·Oil & Gas

Nigeria’s September Oil Production Hits 1.5 Million Barrels, Bolsters OPEC Output

Nigeria, a vital member of the Organization of Petroleum Exporting Countries (OPEC), recorded a surge in crude oil production in September 2023.

October 13, 2023

Business·Currency

CBN Finally Lifts Forex Restrictions On 43 Items Banned By Emefiele [FULL LIST]

Nine years after the Central Bank of Nigeria (CBN) under its former Governor, Godwin Emefiele, placed restriction on access to the official foreign exchange (forex) market for the importation of some 43 items, the ban was on Thursday lifted by the

October 12, 2023

Business·Oil & Gas

Nigeria’s Gas Industry In Crisis As Drilling Costs Skyrocket To $30m, Operators Warn

Nigeria’s pursuit of leveraging its natural gas reserves for industrialization and development has suffered a setback, as drilling cost for gas wells is climbing to $30 million. At a media parley and training session for energy reporters, the Nigerian Gas Association (NGA)

October 12, 2023

Naira Appreciates To N869/$1 As Experts Debate Stability

Business·Currency·News

Naira-Dollar Exchange Rate Hits N1,040 In Parallel Market As Scarcity Grows

The exchange rate between the Nigerian Naira and the US Dollar has taken a plunge, reaching N1,040 at the parallel market. This latest development stems from the battle between soaring demand and a constrained supply of foreign exchange in the country. Forex

October 11, 2023

Business·News·Oil & Gas

Oil Assets Divestments Will Boost Production, Employment – Wabote

The Nigerian oil and gas industry is poised for a boost in crude oil production, employment creation, and capital injection with the planned divestment of some assets by select international oil and gas companies and concomitant acquisition by operating indigenous companies, the

October 11, 2023

Business·Oil & Gas

Nigerian Regulator Upbeat As Seplat Speeds Up $1.3bn ExxonMobil Asset Purchase Deal

Seplat Energy Wednesday expressed optimism on finalizing talks that will allow it to conclude the deal to purchase ExxonMobil’s offshore shallow water assets. This is as the regulator, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is “very optimistic” that the sale of

October 11, 2023

News·Oil & Gas

Nigerian Content Key To Meeting Renewed Hope Agenda – Petroleum Minister

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has identified the effective implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act 2010 as one of the key levers for actualizing the Renewed Hope Agenda of

October 11, 2023

Senate Speedily Passes N2.176trn Supplementary Budget, Cites Dry Season As Reason

Business·Oil & Gas

Senate Demands Stiffer Punitive Measures As Nigeria Loses N2.3trn To Crude Oil Theft

Senator Ned Nwoko has disclosed that Nigeria has suffered a loss of N2.3 trillion due to crude oil theft in 2023. Disclosing this yesterday, he emphasized that the socio-economic impact of pipeline vandalism and oil bunkering has plunged the nation into a

October 11, 2023

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Finance & Economy - Page 159

NCDMB Unveils Nationwide Scheme to Equip 10,000 Young Nigerians for Emerging Oil and Gas Jobs

IMF Says Call To Cancel African Debts Legitimate

‘No Excuses’ For August 2024 Deadline, Minister Charges Gas Pipeline Contractors

Nigeria’s September Oil Production Hits 1.5 Million Barrels, Bolsters OPEC Output

CBN Finally Lifts Forex Restrictions On 43 Items Banned By Emefiele [FULL LIST]

Nigeria’s Gas Industry In Crisis As Drilling Costs Skyrocket To $30m, Operators Warn

Naira-Dollar Exchange Rate Hits N1,040 In Parallel Market As Scarcity Grows

Oil Assets Divestments Will Boost Production, Employment – Wabote

Nigerian Regulator Upbeat As Seplat Speeds Up $1.3bn ExxonMobil Asset Purchase Deal

Nigerian Content Key To Meeting Renewed Hope Agenda – Petroleum Minister

Senate Demands Stiffer Punitive Measures As Nigeria Loses N2.3trn To Crude Oil Theft

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