Wednesday, December 3, 2025
25.4 C
Lagos

Business

P+ Measurement Services Sparks Global Dialogue on Outcome-Based Measurement at 2025 AMEC Measurement Month

P+ Measurement Services, Nigeria’s leading independent media intelligence and...

NIPR Institutes Annual PRICE Awards, Fixes 7th Dec for Ceremony

The Nigerian Institute of Public Relations (NIPR) has once...

LASAA Staff Faces Sanctions for Policy Breach after Viral Allegation, Cleared of Fraud

The Lagos State Signage and Advertisement Agency (LASAA) has...

Stanbic IBTC, Zenith, Axa Mansard, Leadway, MTN, GLO Lead Q3 2025 Brand Report

As Nigeria’s media environment continues to evolve, brand sentiment has emerged...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

NGX T+2 Settlement Cycle ‘Goes Live’ Event

L – R: Chinwendu Ekeh, Head, Operations & IT,...

FG Reassures Investors, Pledges Balanced Capital Gains Tax Outcomes as NGX Lists MREIF

Nigerian Exchange (NGX) today hosted the Minister of Finance...

Nigerian Stocks Present Buying Opportunities as Market Sheds N2.8trn

Nigeria's equities market closed last week ending November 7...

NGX Reaffirms Leadership in Advancing Africa’s Islamic Finance Ecosystem

Nigerian Exchange Limited (NGX) has reaffirmed its leadership in...

Insurance

SanlamAllianz Nigeria Wins .NG Insurance Website of the Year 2025

SanlamAllianz Nigeria's website/portal, www.sanlamallianz.com.ng, has been adjudged winner of...

Leadway Assurance, AGRA, NADF, Verdure Climate Advance Agric Insurance Solutions

Leadway Assurance, one of Nigeria's leading insurance providers, has...

AIICO Launches All-in-One Financial Protection for Nigeria’s Underserved Population

L-R: Mr. Mike Eko – (Novus Agro Limited) Mr. Oluwatosin...

Sovereign Trust Insurance Secures Board’s Approval to Raise N5bn Capital

Sovereign Trust Insurance Plc notifies its shareholders and the...

Insurers Support Partnership with State Govts to Drive Insurance Penetration in Nigeria

The insurance community in Nigeria is poised to upscale...

Business

P+ Measurement Services Sparks Global Dialogue on Outcome-Based Measurement at 2025 AMEC Measurement Month

P+ Measurement Services, Nigeria’s leading independent media intelligence and...

NIPR Institutes Annual PRICE Awards, Fixes 7th Dec for Ceremony

The Nigerian Institute of Public Relations (NIPR) has once...

LASAA Staff Faces Sanctions for Policy Breach after Viral Allegation, Cleared of Fraud

The Lagos State Signage and Advertisement Agency (LASAA) has...

Stanbic IBTC, Zenith, Axa Mansard, Leadway, MTN, GLO Lead Q3 2025 Brand Report

As Nigeria’s media environment continues to evolve, brand sentiment has emerged...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

NGX T+2 Settlement Cycle ‘Goes Live’ Event

L – R: Chinwendu Ekeh, Head, Operations & IT,...

FG Reassures Investors, Pledges Balanced Capital Gains Tax Outcomes as NGX Lists MREIF

Nigerian Exchange (NGX) today hosted the Minister of Finance...

Nigerian Stocks Present Buying Opportunities as Market Sheds N2.8trn

Nigeria's equities market closed last week ending November 7...

NGX Reaffirms Leadership in Advancing Africa’s Islamic Finance Ecosystem

Nigerian Exchange Limited (NGX) has reaffirmed its leadership in...

Insurance

SanlamAllianz Nigeria Wins .NG Insurance Website of the Year 2025

SanlamAllianz Nigeria's website/portal, www.sanlamallianz.com.ng, has been adjudged winner of...

Leadway Assurance, AGRA, NADF, Verdure Climate Advance Agric Insurance Solutions

Leadway Assurance, one of Nigeria's leading insurance providers, has...

AIICO Launches All-in-One Financial Protection for Nigeria’s Underserved Population

L-R: Mr. Mike Eko – (Novus Agro Limited) Mr. Oluwatosin...

Sovereign Trust Insurance Secures Board’s Approval to Raise N5bn Capital

Sovereign Trust Insurance Plc notifies its shareholders and the...

Insurers Support Partnership with State Govts to Drive Insurance Penetration in Nigeria

The insurance community in Nigeria is poised to upscale...

NCDMB Boss, Kesiye Wabote, Commissions GIL Automation’s Factory

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote in Lagos performed the commissioning of GIL Automation’s cable tray and switchgear factory and the opening of its new building.

The company offers an array of services in electrical and automation services, switchgear manufacturing and panel solutions as well as process management and flow control.

The Executive Secretary lauded the company for expanding from the provision of service to manufacturing, noting that such progression shows that Nigerian oil and gas service companies are taking up the challenge to grow their outfits and contribute to the development of in-country capacities and capabilities, providing key services for the sustenance and growth of the industry and its linkage sectors.

He said: “The business shift from service to manufacturing of electrical and automation components under your leadership is a very strategic move that we are very excited about.”

He remarked that GIL Automations had developed capacity to provide world class services across the oil, gas, manufacturing and power industries, and created a niche for industrialautomation, instrumentation, electrical, control, communication and safety systems. The extension of the company capacities to other sectors helps to meet the strategic initiatives established under the Nigerian Content 10-year Strategic Roadmap, he said.

He added that “as an ISO9001 certified local manufacturer of low voltage Electrical products in line with international standards, the products are not only meant for local market, but also in high demand within the regional and continental markets.”

Speaking further, Wabote emphasized the need for Nigerian oil and gas service providers to widen the application of their services to other sectors of the economy instead of solely relying on the oil and gas sector. He noted the cyclical nature of the oil and gas industry, stressing that every discerning service company needed to have a model to adapt to any prevailing circumstance.

He said the ongoing energy transition further underlined the necessity for companies to think differently and acquire new capabilities, to enable them operate successful in the energy transition environment, without being unduly worried about their survival.

He recalled that companies converted their factories at the peak of COVID-19 to produce some of the needed items at that time, adding that “this same ingenuity is required of the service companies to take a look at their service equipment, modelling software, personnel and other assets to check the opportunities they are over-looking due to being fixated on contracts from the oil and gas industry.

If they don’t meet these criteria, they would not have partnership with Siemens. The association is not by compulsion, it is not by provisions of the Act. They see a mutually beneficial relationship in the type of service they provide.

 

 

 

Hot this week

SanlamAllianz Nigeria Wins .NG Insurance Website of the Year 2025

SanlamAllianz Nigeria's website/portal, www.sanlamallianz.com.ng, has been adjudged winner of...

Leadway Assurance, AGRA, NADF, Verdure Climate Advance Agric Insurance Solutions

Leadway Assurance, one of Nigeria's leading insurance providers, has...

Stanbic IBTC Bank Celebrates 70 Customers with ₦7m

Stanbic IBTC Bank continues to enhance the financial well-being...

Stanbic IBTC Asset Mgt Clinches Top Honour at Global Banking & Finance Awards

Stanbic IBTC Asset Management, a subsidiary of Stanbic IBTC...

Stanbic IBTC Bank PMI: New Orders Rise Sharply as Inflationary Pressures Wane

The introduction of new products helped to boost customer...

Topics

NNPC/Seplat JV’s “Eye Can See” Programme Restores Vision, Hope in Imo

Host community members await further medical attention during the...

Emirates Group Reports $28bn Revenue, $1.1bn Profit

The Emirates Group yesterday announced its 30th consecutive year...

ATCON Lists Challenges to Telecom Growth in Nigeria

The Association of Telecommunications Companies of Nigeria (ATCON) has...

Fidelity Bank Grows Gross Earnings by 46% to ₦748.7 bn for H1 2025

Fidelity Bank Plc has announced its audited financial results...

Linkage Assurance Assures Shareholders of Meeting New Capital Requirement

  Daniel Braie Managing Director/CEO Linkage Assurance Plc Linkage Assurance Plc has assured...

Stanbic IBTC Unveils Campaign Promote *909# USSD Code

Stanbic IBTC Bank, a member of the Standard Bank...

Nigeria’s Smartphone Market Hits 3m Units in Q4 2019

The overall African mobile phone market grew 3.8% year...
Exit mobile version