Sunday, November 16, 2025
25.1 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

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...

NGX Group Chair, Umaru Kwairanga, Draws Roadmap for Leadership in Nigeria

   Being the remarks by Alhaji (Dr.) Umaru Kwairanga, Group...

Insurance

NEM, Casava, AXA Mansard Shine at 2025 Almond Insurance Industry Awards

The 2025 Almond Insurance Industry Awards #Recharged Edition which...

SanlamAllianz Nigeria Wins Africa’s Most Visible Insurance Company Award

L-R: Marketing and Corporate Communications Manager, SanlamAllianz Nigeria, Mr....

Sovereign Trust Insurance CEO, Olaotan Soyinka, Preaches Caution, Safety in the Ember Months

Mr. Olaotan Soyinka, Managing Director of Sovereign Trust Insurance...

Global InsurTech Funding Hits $1bn in Q3 2025

According to a new report from Gallagher Re, global...

Lasaco Assurance Champions Maternal Health with Safe Start Initiative

From left: Mrs. Usifoh Sessin, Nursing Officer, Ogba Primary...

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

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...

NGX Group Chair, Umaru Kwairanga, Draws Roadmap for Leadership in Nigeria

   Being the remarks by Alhaji (Dr.) Umaru Kwairanga, Group...

Insurance

NEM, Casava, AXA Mansard Shine at 2025 Almond Insurance Industry Awards

The 2025 Almond Insurance Industry Awards #Recharged Edition which...

SanlamAllianz Nigeria Wins Africa’s Most Visible Insurance Company Award

L-R: Marketing and Corporate Communications Manager, SanlamAllianz Nigeria, Mr....

Sovereign Trust Insurance CEO, Olaotan Soyinka, Preaches Caution, Safety in the Ember Months

Mr. Olaotan Soyinka, Managing Director of Sovereign Trust Insurance...

Global InsurTech Funding Hits $1bn in Q3 2025

According to a new report from Gallagher Re, global...

Lasaco Assurance Champions Maternal Health with Safe Start Initiative

From left: Mrs. Usifoh Sessin, Nursing Officer, Ogba Primary...

NCDMB, Starzs Gas, Upbeat about Industrialisation at Ceremony for Integrated CNG Project

General Manager, Corporate Communications and Zonal Coordination, Nigerian Content Development and Monitoring Board (NCDMB), Esueme Dan Kikile Esq, with Chairman and Chief Executive Officer of Starzs Investments Company Limited, Mr. Greg Ogbeifun; Vice Chairman, Miss Iroghama Ogbeifun and other dignitaries at the groundbreaking ceremony for a Compressed Natural Gas (CNG) Mother Station, Iwhreken, Ughelli South, Delta State on Thursday.

The Nigerian Content Development and Monitoring Board (NCDMB) and Starzs Gas Limited were upbeat about growth prospects of Nigeria’s gas subsector and the potential boost to industrialisation as the groundbreaking ceremony for a Compressed Natural Gas (CNG) Mother Station got underway in Iwhreken, Ughelli South, Delta State, on Thursday.

Speaking at the event, the Executive Secretary of the NCDMB, Engr. Felix Omatsola Ogbe, represented by the General Manager, Corporate Communications and Zonal Coordination, Barr. Esueme Dan Kikile, commended Starzs Investments Company Limited, parent company of Starzs Gas, for pushing industry boundaries with its expansion into the gas subsector.

Engr. Ogbe described Starzs Gas Limited, whose offerings cut across natural gas compression, CNG fueling and refueling stations, conversion workshops and training centres, motorised CNG tube skids for sale and distribution, as well as engineering, construction and procurement solutions, as a veritable vehicle “to drive industrialisation and expand Nigeria’s economy.”

He was particularly elated that the multimillion-dollar Integrated CNG Project, which is slated for commissioning in the first quarter of 2026, has come at a time that the Federal Government’s Decade of Gas programme is going full steam, with the NCDMB itself acting as an enabler to numerous gas development and utilisation projects across the country.

On the Board’s performance in implementation of its core mandate, the Executive Secretary disclosed that local content hit 56 per cent in the last quarter of 2023, up from five per cent in 2010, when the Nigerian Oil and Gas Industry Content Development (NOGICD) Act came into force, noting that more and more Nigerian assets and resources are being utilised in oil and gas operations in the country.

Engr. Ogbe urged the host community, Iwhrekan, to cooperate with Starzs Gas Limited so as to enjoy maximum benefits and also facilitate unhampered production activities at the company. He said he was encouraged by the enthusiasm of the House of Representatives member for Ughelli North, Ughelli South, Udu Federal Constituency, Hon. Francis Waive, who was present at the ceremony, which could facilitate NCDMB’s sustainability programme for protection and security of the company’s facilities.

The Chairman and Chief Executive Officer of Starzs Investments Company Limited, Mr. Greg Ogbeifun, said the establishment of Starzs Gas Limited signalled “a generational shift,” as the Starzs Group, a conglomerate with such leading companies as Starzs Marine and Engineering Services Limited, Starzs Shipyard Limited, and Starzs Investments Company Limited, had for decades focused largely on the maritime industry.

He said Starzs Gas Limited was the culmination of unrelenting pressure by his daughter, Miss Iroghama Ogbeifun, that the global clamour for elimination of gas flaring and reduced carbon footprint, which form the basis of President Bola Tinubu’s initiatives on gas utilisation, be considered as a challenge to entrepreneurship.

According to him, he yielded and provided the necessary material support for the new company, whose focus is on gas for industrial applications, gas-to-power, and gas as auto fuel. The company is also engaged in engineering, procurement and construction (EPC) projects within the gas subsector.

The Starzs Group Chairman announced the immediate promotion of Miss Iroghama Ogbeifun to the position of Vice Chairman of the conglomerate in appreciation of her exceptional capabilities in visioning and implementing the blueprint for the new business organisation and her energy and drive.

Earlier in a Welcome Address, Miss Ogbeifun, Managing Director of Starzs Gas, expressed profound gratitude to guests among whom were top executives of the Nigerian National Petroleum Company Limited (NNPCL) and its subsidiaries, Chief Executive Officer, ND Western, Engr. Olanrewaju Kalejaiye, represented by the company’s Commercial Manager, Engr. Sunday Okunbor, Rt. Rev. Feb Idahosa, Hon. Waive, of the House of Representatives, the Council of Chiefs of the community, and President of the Nigerian Gas Association, Engr. Aka Nwokedi.

She said the event of Thursday was “Not just groundbreaking…but setting the stage for cleaner energy and development for the host community,” pointing out that the NNPCL Gas Marketing Limited (NGML) has 15 per cent equity in the project, and that her company would leverage the partnership and expertise of the NNPCL.

“We are embarking on a journey that will drive industrial development,” Miss Ogbeifun assured the audience, adding that the Integrated Gas Project would significantly facilitate attainment of objectives in Federal Government’s Decade of Gas programme.

In a good;will message, Hon. Francis Waive said Thursday (day of the groundbreaking ceremony) was a very important day for him, adding, “This is my place, my community, my constituency.” He told the community, “Let us work with Starzs to achieve success,” noting that development was coming to them if the people would refrain from disruptive activities.

The Chief Executive Officer of ND Western, Engr. Kalejaiye, expressed happiness at the initiative of the Starzs Group, pointing out that “Gas is not just fuel but an enabler of economic prosperity.” He described the project as most valuable as it broadens the country’s energy mix, while calling for collaboration between policymakers, producers and other key stakeholders.

The President, Nigerian Gas Association, Engr. Nwokedi, said the project being undertaken would reduce carbon footprint and bring about other economic benefits. He commended the partnership between the NNPCL Gas Marketing Limited and Starzs Gas as well as the focus and tenacity of the Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, for developments in the subsector.

In a related goodwill message, the Managing Director of NNPC Gas Marketing Limited, His Royal Highness Justin Ezeala, described the Integrated Gas Project as a timely response to the Federal Government’s charge to the private sector to invest in gas infrastructure to promote resource development and utilisation.

HRH Ezeala, who spoke as representative of the Minister of State for Petroleum (Gas), Rt. Hon. Ekpo, and Group Chief Executive Officer of NNPCL, Mallam Mele Kolo Kyari, said the Federal Government “believes in the vision of Starzs” and that “It is reassuring that the National Assembly is making the right laws and Government is making the right policies.”

Starzs Gas Limited is building a CNG Compression Station adjacent to the gigantic NAZ 3 Gas Plant at Utorogu, Delta State. The Compression Station, by design, has an initial capacity of two million standard cubic feet per day (mmscfd), which is scalable to five mmscfd within 18 months. It is envisaged to expand from CNG to domestic LNG production.

 

 

 

Hot this week

How Access Bank is Supporting Women Driving Africa’s Growth Story

Across Africa, women are fast becoming the heartbeat of...

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

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

COP30: Green Digital Action Hub to Accelerate Innovation for a Sustainable Future

A coalition of international partners announced the creation of...

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

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

Polaris Bank Wins MSME Digital Bank of the Year Award for Inclusive Growth

L-R: Ladi Ene Garba, Head, Commercial Banking, Polaris Bank;...

Topics

NCDMB Exec Sec, Felix Ogbe, Appointed Member of APPO Board

The Executive Secretary of the Nigerian Content Development and...

Leadway Group Drives Dialogue on Nigeria’s New Tax Reforms, Compliance Strategies

Leadway Group, one of Nigeria's leading non-banking financial services...

ADB, EIB Launch €150m Fund to Finance 1500 African SMEs

The European Investment Bank (EIB) and the African Development...

Stanbic IBTC FUZE Talent Show 2025 Kicks Off 4th Season

The Stanbic IBTC FUZE Talent Show 2025, themed “The...

2 Nigerians Emerge Winners in ITU 2020 Innovation Challenge

The 2020 edition of the International Telecommunication Union's (ITU) Global...

Global Airlines Financial Monitor: December 2016

The latest round of financial results from Q3...

Insurfeel Initiative, ARIAN Donate N12m Insurance Covers to Hawker, Four Others

L-R: National Chairman, AIICO Fieldforce/Senior Agency Manager, AIICO Insurance...
Exit mobile version