28 m. ago FG orders ministries to prioritise local tech, companies in projects

The Nigerian government directs ministries to prioritise local tech and companies in projects, enforcing local content to boost the non-oil economy. Read More: https://punchng.com/fg-orders-ministries-to-prioritise-local-tech-companies-in-projects/

Politics

75 m. ago Nigeria remains far behind in local capacity development – Sen Joel Onowakpo

Senator Joel-Onowakpo Thomas, chairman of Senate Committee on Local Content has lamented that Nigeria remains far behind in local capacity read more Nigeria remains far behind in local capacity development – Sen Joel Onowakpo

Politics

88 m. ago NCDMB reports 61% local content in petroleum industry, unveils $100m equity fund

NCDMB achieves 61% Nigerian local content in the petroleum industry, nearing its 70% goal. A new $100m equity fund is unveiled to boost further growth. Read More: https://punchng.com/ncdmb-reports-61-local-content-in-petroleum-industry-unveils-100m-equity-fund/

Politics

88 m. ago Senate urges priority for Nigerians in oil, gas local content implementation

The Senate Committee on Local Content is urging prioritization of Nigerians in the oil and gas sector, citing violations of the Nigerian Local Content Act. Read More: https://punchng.com/senate-urges-priority-for-nigerians-in-oil-gas-local-content-implementation/

Politics

8 h. ago Senator unveils ₦100m student grants, empowerment scheme in Akwa Ibom

Ekong Sampson, the Senator representing Eket Senatorial District in the Senate, has commenced disbursement of a ₦100 million educational grant read more Senator unveils ₦100m student grants, empowerment scheme in Akwa Ibom

Politics

28 h. ago Verve surpasses 100m cards, unveils new partnerships with Adobe, Glovo

Verve International, Africa’s leading homegrown payment card scheme, has crossed a major industry milestone with the issuance of over 100 read more Verve surpasses 100m cards, unveils new partnerships with Adobe, Glovo

Politics

54 h. ago NADDC mulls cost reduction for auto manufacturers in local content market

National Automotive Design and Development Council (NADDC) has reaffirmed its commitment to ensure that the cost of

Politics

65 h. ago National Petroleum Company’s N5.4trn Profit Sets Benchmark For Post

The Nigerian National Petroleum Company Limited (NNPCL)’s N5.4 trillion Profit After Tax (PAT)  for 2024, has been lauded as the first full-year benchmark under the Petroleum Industry Act (PIA) amid stable operations. Recall that the NNPCL reported a Profit After Tax (PAT) of N5.4 trillion on a revenue of N45.1 trillion in it’s audited financial […]

Politics

4 d. ago Ministers, industry leaders to chart new direction for local content at PNC forum

Nigeria’s drive to deepen local participation in the oil and gas sector will take centre stage in December as ministers, policymakers, international oil companies, and indigenous operators converge on Yenagoa for the 2025 Practical Nigerian Content (PNC) Forum. Ahead of the gathering, the Nigerian Content Development and Monitoring Board (NCDMB) and the Nigerian Export-Import Bank […]

Politics

1 week ago Leverage ‘Nigeria First’ Policy To Grow Economy, Federal Government Tells Indigenous Firms

The Federal Government has called on indigenous companies across all sectors of the economy to leverage on the full potentials of the ‘Nigeria First’ Policy, a strategic initiative designed to promote local content, stimulate economic growth and strengthen Nigerian industries for economic development. The Secretary to the Government of the Federation (SGF), Sen. George Akume, […]

Politics

1 week ago Senate Begins Comprehensive Review Of Nigeria’s Automotive Framework

The Senate has begun a comprehensive review of Nigeria’s automotive development framework, launching a wide-ranging assessment of the Nigerian Automotive Industry Development Plan (NAIDP) 2014–2024 and related policies that govern backward integration and local content in vehicle assembly. Chairman of the Senate Committee on Industry, Senator Francis Fadahunsi, said Nigeria can no longer afford the […]

Politics

1 week ago ‘Nigeria’s Local Content Model Suitable For African Oil Producers Growth’

The Petroleum Technology Association of Nigeria (PETAN), has urged a stronger public–private supplier collaboration across Africa’s oil and gas industry. It noted that Nigeria’s NOGICD Act, implemented by the NCDMB, had delivered impressive results, raising in-country value retention and local manufacturing from five per cent in 2010 to 56 per cent in 2024, a model […]

Politics

2 w. ago NADDC pushes for increased local content in auto parts production

National Automotive Design and Development Council (NADDC) has intensified efforts to ensure that

Politics

2 w. ago Google To Pay $40m To South African News Media For Suffering Reduced Visibility

Google will pay over $40 million to support South African news media after the country’s Competition Commission (CompCom) found that the tech giant reduced the visibility and monetisation of local news content on its platforms, limiting referral traffic and favouring foreign outlets. CompCom disclosed the payment agreement in a final report published Thursday, detailing its […]

Politics

2 w. ago Petroleum Act : Reps Warn Against Misappropriation Of N373bn Vote

The House of Representatives Committee on Host Communities (HC), has expressed concern over the alleged misappropriation of the N373 billion  earmarked for projects and social empowerments in Niger Delta oil – bearing communities under the Petroleum Industry Act (PIA) Towards this end, the House of Representatives may soon consider a Bill for a law to […]

Events

2 w. ago Petroleum marketers blame bureaucratic challenge, delays for soaring operational costs

Major Energies Marketers Association of Nigeria (MEMAN) has called on the government to ensure implementation of the Petroleum Industry Act read more Petroleum marketers blame bureaucratic challenge, delays for soaring operational costs

Politics

3 w. ago Abbas reaffirms Nigeria’s commitment to PIA, woo investors to boost oil production

Tajudeen Abbas, Speaker of the House of Representatives, has reaffirmed Nigeria’s commitment to upholding the Petroleum Industry Act (PIA) as read more Abbas reaffirms Nigeria’s commitment to PIA, woo investors to boost oil production

Politics

3 w. ago We’ll uphold PIA to boost global oil, gas investment — Speaker Abbas

The Speaker of the House of Representatives, Rt. Hon. Abbas Tajudeen, has reaffirmed Nigeria’s unwavering commitment to upholding the Petroleum Industry Act (PIA) as a foundation for strengthening investor confidence and driving growth in the nation’s oil and gas sector.

Politics

3 w. ago KDU VC advocates local content inclusion in AI implementation, application

Holds 5th Convocation The Vice Chancellor of KolaDaisi University (KDU), Ibadan, Professor Adeniyi Olatunbosun, has called for the inclusion of local content in the implementation and application of Artificial Intelligence (AI)— the recent development in computer systems designed to think, learn, and make decisions almost like human beings. He said this would enable AI “to […]

Politics