Saturday, January 17, 2026
34.7 C
Lagos

Business

MTN: The Best Mobile Internet Performance in Nigeria 2025

  Analysis period: January 1, 2025 - December 31,...

NIPR Postpones Annual PRICE Awards to Jan 25, 2026

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

Wines of Canada Debuts in the Nigerian Market

Carl DIB Merchandising Limited, a leading company in the...

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...

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

Tinubu Applauds NGX N100tn Milestone, Charges Nigerians to Invest More Locally

President Bola Tinubu has praised corporate Nigeria, citizens, and...

FG, SEC, NGX Group Forge Unified Direction on Capital Gains Tax Reform

The Federal Government has inaugurated the National Tax Policy...

NGX Expands Market Offerings with Introduction of Commercial Paper Listings

Nigerian Exchange Limited (NGX) has introduced Commercial Paper (CP)...

NGX Chair: Media Coverage of Capital Market Key to Sustainable Growth

OPENING REMARKS BY THE CHAIRMAN, NIGERIAN EXCHANGE GROUP (NGX)...

Stanbic IBTC Capital Clinches 4 Top Honours at AIHN Investment Banking Awards 2025

Stanbic IBTC Capital, a subsidiary of Stanbic IBTC Holdings,...

Insurance

Sovereign Trust Insurance Strengthens Partnership with TEXEM UK

L-R: Akinwumi Akinrinmade, ED, Technical Operations, Sovereign Trust Insurance...

SanlamAllianz Takes Financial Education to Lagos Markets

Insurance giants, SanlamAllianz has launched a financial education campaign...

GCR Upgrades NEM Insurance Rating to AA+ on Sustained Profitable Growth, Stable Outlook

GCR Ratings (GCR) has upgraded NEM Insurance Plc’s national...

Sovereign Trust Insurance Unveils Lucas Durojaiye as New MD/CEO

The Board and Management of Sovereign Trust Insurance Plc...

Business

MTN: The Best Mobile Internet Performance in Nigeria 2025

  Analysis period: January 1, 2025 - December 31,...

NIPR Postpones Annual PRICE Awards to Jan 25, 2026

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

Wines of Canada Debuts in the Nigerian Market

Carl DIB Merchandising Limited, a leading company in the...

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...

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

Tinubu Applauds NGX N100tn Milestone, Charges Nigerians to Invest More Locally

President Bola Tinubu has praised corporate Nigeria, citizens, and...

FG, SEC, NGX Group Forge Unified Direction on Capital Gains Tax Reform

The Federal Government has inaugurated the National Tax Policy...

NGX Expands Market Offerings with Introduction of Commercial Paper Listings

Nigerian Exchange Limited (NGX) has introduced Commercial Paper (CP)...

NGX Chair: Media Coverage of Capital Market Key to Sustainable Growth

OPENING REMARKS BY THE CHAIRMAN, NIGERIAN EXCHANGE GROUP (NGX)...

Stanbic IBTC Capital Clinches 4 Top Honours at AIHN Investment Banking Awards 2025

Stanbic IBTC Capital, a subsidiary of Stanbic IBTC Holdings,...

Insurance

Sovereign Trust Insurance Strengthens Partnership with TEXEM UK

L-R: Akinwumi Akinrinmade, ED, Technical Operations, Sovereign Trust Insurance...

SanlamAllianz Takes Financial Education to Lagos Markets

Insurance giants, SanlamAllianz has launched a financial education campaign...

GCR Upgrades NEM Insurance Rating to AA+ on Sustained Profitable Growth, Stable Outlook

GCR Ratings (GCR) has upgraded NEM Insurance Plc’s national...

Sovereign Trust Insurance Unveils Lucas Durojaiye as New MD/CEO

The Board and Management of Sovereign Trust Insurance Plc...

NCDMB Chief Pledges Continued Support for Indigenous Companies, Commends Lee Engineering for Capabilities Attained

The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, has assured Nigerian oil and gas service companies of continued support to sustain the impressive growth in local content and to boost their production operations.

Speaking during a facility tour of the 10,000-square-metre fabrication yard of Lee Engineering and Construction Company Limited, Warri, Delta State on Friday, he recalled similar visits he had made to other service companies across the country, stating that he was highly impressed with facilities and competencies acquired in the pursuit of local content development.

Amazed at the assortment of top-grade engineering equipment and industrial machinery parts in the expansive operational base of the company along N.P.A. Expressway, he exclaimed, “Seeing is believing, I’ve come, have seen!” Commenting further, he said, “Am so impressed with your facilities.”

Engr. Ogbe congratulated Lee Engineering on its 34 years of active engagement in engineering, construction, operations, and maintenance (EPCOM) services with major oil and gas industry players, such as Nigerian National Petroleum Company Limited (NNPCL), Shell Petroleum Development Company (SPDC), Shell Nigeria Exploration and Production Company (SNEPCO), Chevron Nigeria Limited, ExxonMobil, and TotalEnergies Limited, among others, as clients.

He noted with pleasure that the company has successfully undertaken over 350 major projects in the industry and has an excellent record of “zero incident, zero downtime” in its decades of operations.

“I will collaborate with your company and ensure that jobs you can do will come here,” he declared, adding, “We are here as enablers to business…[and] I will work with any company that can increase production in the country.” He also expressed interest in the company’s solar technology, which he said would be required “to provide electricity to ICT [Information and Communication Technology] Centres” established by the NCDMB in several secondary schools across the Niger Delta and other parts of the country.

Chairman and Chief Executive Officer of Lee Engineering and Construction Company, Chief (Dr.) Leemon Ikpea, thanked the Executive Secretary and his entourage for the facility visit.

He said the company, whose corporate headquarters is in Ikoyi, Lagos, was incorporated in 1991, and currently has several subsidiaries operating in Warri, Port Harcourt, as well as in Europe and the United States.

Recalling the state of the oil and gas industry in Nigeria in the early 1990s, he noted that the dominance of foreign companies and production inputs, and the attendant massive capital flight, was exceedingly disturbing and ruinous to the Nigerian economy and that Nigerian engineers in the sector like him became agitated and initiated the push for local content.

According to him, the enactment of the Nigerian Oil and Gas Industry Content Development (NOGICD] Act, 2010, marked a turning point for the industry and the nation as indigenous oil and gas companies were thus enabled to vie for and execute projects.

Arguing that “Foreign companies cannot transfer technology to us,” he said it is only indigenous companies that could and have demonstrated such potential through intensive capacity building programmes, acquisition and deployment of hi-tech operational equipment and actual execution of projects.

He drew attention to the company’s feats in industrial equipment manufacture, the over 350 projects executed by Lee Engineering thus far, -including the Utorogu Gas Plant and the 150,000-barrel-per day Odidi Flow Station, and a workforce of 3,500 Nigerians to buttress his claim regarding the remarkable success achieved by indigenous companies.

According to him, “This is a sign that local content is working.” He thanked the NCDMB for living up to the billing as an enabler of businesses.

On the team of the NCDMB team to Lee Engineering were the General Manager, Corporate Communications and Zonal Coordination, Esueme Dan Kikile, Esq., Senior Technical Assistant to the Executive Secretary, Engr. Mofe Megbele, Zonal Coodinator, Delta and Edo States, Engr. James Eyetigha, and others.

Hot this week

State Police and the Questions Nigeria Can No Longer Avoid

By Tosin Osasona Nigeria’s post-1999 democratic era has coincided with...

NESG Hosts 2026 Macroeconomic Outlook, Highlights Growth Prospects, Reform Consolidation

L-R: Mr. Omoboyede Olusanya, Vice Chairman II, Nigerian Economic...

Rand Merchant Bank Nigeria Acts as Lead Issuing House on the N236bn PRESCO Rights Issue

Rand Merchant Bank Nigeria Limited is pleased to announce...

MTN: The Best Mobile Internet Performance in Nigeria 2025

  Analysis period: January 1, 2025 - December 31,...

Aviation: Five Key Risks That Will Shape 2026

By Marie Owens Thomsen Senior Vice President, Sustainability & Chief...

Topics

Coping in Nigeria’s High-Inflation Economy

 By Elvis Eromosele Economists say inflation is a persistent rise...

Dangote Refinery is a Continental Game Changer – Gov Adeleke

The Executive Governor of Osun State, Senator Ademola Adeleke...

NDIC Management Pays Courtesy Visit to FCT High Court Chief Judge

The MD/CE, Nigeria Deposit Insurance Corporation (NDIC), Bello Hassan...

Jobberman, Mastercard Target 5m Job Seekers in Alliance for Better Work Initiative

Jobberman, a major job placement website in sub-Saharan Africa,...

NLNG: $18bn Dividend, $18bn FDI, $9bn in Taxes, $1.2bn Vendor Finance, 100% Nigerian

Philip Mshelbila Managing Director/CEO Nigeria LNG Limited The Nigeria LNG Limited (NLNG)...

NCC Suspends Issuance of Telecom Licenses in 3 Categories

The Nigerian Communications Commission (NCC) has issued a Public...

Sterling Bank Honoured as Leading MSME Supporter at 2024 Finance Awards

Sterling Bank's commitment to small businesses recognised at Annual...

Bargain Hunting in Bellwethers Buoys Market Performance… ASI up 63bps

The local bourse posted a bullish performance yesterday as...
Exit mobile version