The Nigeria Content Development and Monitoring Board, NCDMB, has designed key implementable initiatives to sustain Drive by the Federal Government to commercialize the country’s gas deposits and use if for industrialization aside attracting extra revenue to the economy. Executive Secretary, ES, of the Board, Simbi Wabote, equally challenged all parties involved in various project’s execution […]
The Nigerian National Petroleum Company Limited, NNPCL, has confirmed that construction of the Ajaokuta-Kaduna-Kano (AKK) had missed an initial first quarter target, blaming it on funding constraints. At its inception in 2020, the project was to be financed by Chinese loans but this fell through when the lenders did not release the money. Construction of […]
This year, the global oil and gas market has reportedly increased from $6,989.65 billion in 2022 to $7,330.80 billion in 2023 at a compound annual growth rate (CAGR) of 4.9 per cent; regardless of the Russia-Ukraine war which disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. […]