Saturday, January 17, 2026
27.6 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...

NDDC, NLNG Sign Pact to Maximise Impact of Development in Niger-Delta

(L-R): Dr. Stephen Ighomuaye, NDDC legal Services Director; Dr. Samuel Ogbuku, NDDC MD; Dr. Philip Mshelbila, NLNG’s MD/CEO; and Andrew Ohaneje, NLNG’s Assistant General Counsel, Technical Litigation & Regulatory Risk Management during the signing of an MoU between NLNG and NDDC at NLNG’s Corporate Head Office in Port Harcourt, Rivers State.

The Niger Delta Development Commission (NDDC) and Nigeria LNG Limited (NLNG) have signed a Memorandum of Understanding (MoU) to leverage shared aspirations and collaborate on diverse fronts in the delivery of sustainable development projects in the region.

At a brief signing ceremony at NLNG’s Corporate Head Office, the Managing Director and Chief Executive Officer of NLNG, Dr Philip Mshelbila, and NDDC’s Managing Director, Dr Samuel Ogbuku, signed the MoU in the presence of executives from both organisations. As part of the pact, the two organisations agreed to collaborate and partner to empower communities in the region, promote local content and capacity development, and work with stakeholders along the value chain to deliver sustainable development projects effectively.

Dr. Mshelbila, in his remarks, stated that through the partnership with NDDC, NLNG aspires to set a precedent for how such collaborations can drive positive change in the Niger Delta region. He said NLNG’s goal was to replicate the success of its projects and initiatives across the Niger Delta, working closely with NDDC to maximise the impact of collective efforts. He stated that the goal aligns with its vision of “helping to build a better Nigeria”.

“Today, we are proud to formalise our partnership with NDDC, an organisation empowered to deliver development projects in this vital region of our nation. At Nigeria LNG, our journey has always been guided by a commitment to seek strategic partners in sustainable development. This commitment is deeply rooted in our core values and principles, and it drives us to continuously explore innovative avenues to make a meaningful impact on the lives of those we serve. Our partnership with NDDC is evidence of this commitment.

“Our dedication to the sustainable development of our host communities in health, education, economic development, and infrastructural development remains unwavering. We understand that our success is linked to the well-being and prosperity of the communities in which we operate. Therefore, investing in projects and initiatives that empower these communities, promote social inclusion, and foster economic growth is an ethical responsibility.

“We believe that the highest standards of project execution and accountability are essential to achieving our sustainable development outcomes. We intend to share knowledge and build capacity with NDDC to make these outcomes feasible,” Dr. Mshelbila added.

In his remarks, NDDC’s Managing Director, Dr Ogbuku, stated that the pact demonstrated unity towards sustainable development and progress in Nigeria. He noted that the MoU heralds a new era of collaboration for the betterment of the Niger Delta region and the nation.

“While the NDDC and NLNG each have unique missions, their common goals emphasise sustainable development, socio-economic empowerment, local content promotion, capacity building, and stakeholder collaboration. This alliance represents a pivotal moment in Nigeria’s journey towards progress and prosperity. It is a testament to the power of unified action in addressing the complex challenges faced by the Niger Delta region and the nation. The NDDC and NLNG are poised to create a more prosperous, inclusive, and sustainable future for Nigeria and its people.

“NLNG is recognised as a significant player in the global LNG industry, committed to conducting its operations with environmental responsibility and contributing to monetising Nigeria’s invaluable natural resources. Similarly, the NDDC is committed to promoting sustainable development within the Niger Delta, focusing on the delicate balance between economic growth, environmental stewardship, and the well-being of local communities,” he stated.

According to Dr. Ogbuku, the NDDC is dedicated to uplifting the Niger Delta region through targeted initiatives to enhance livelihoods, education, healthcare, and socio-economic conditions. He said the organisation strongly emphasises empowering local communities through skills training, support for small and medium-sized enterprises, promoting self-sufficiency and building solid relationships with state governments, local communities, non-governmental organisations, and private enterprises to design and implement practical development projects within the Niger Delta region. He stated that the partnership with NLNG underscores a shared commitment to inclusive governance and comprehensive development.

As outlined in the MoU, the agreement will promote harmonious relationships between the two organisations as an enabler for achieving a common goal of facilitating the sustainable and continuous development of the Niger Delta region through investment in development projects that will maintain peace and security in the region. The MoU will also provide a framework for partnership between the organisations to maximise the impact of NLNG’s contributions to NDDC through effective delivery of development projects in the Niger Delta in an objective, judicious, transparent, sustainable, auditable manner and with due regards to accountability and global best practice.

 

 

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

EFCC Invests in Digital Forensics to Tackle Emerging Crime Challenges

L-R: Dr. Abidemi Cornelius Adegboye, Department of Economics, University...

The Myth of Reflective Electricity Pricing in Nigeria

By Elvis Eromosele In Nigeria, few issues stir as much...

AIO Unveils New Strategic Plan to Transform into Centre of Competence

The new strategic plan, which redefines the strategic objectives...

Will Africa Passport Enhance African Trade?

“We must eventually move to the Africa passport that...

Purple Capital Taps $12.5m Funding from Vantage

Vantage Capital, Africa’s largest mezzanine fund manager, announced yesterday...

NPF Insurance Receives Operational Licence from NAICOM

The National Insurance Commission (NAICOM) today, November 29, 2024,...

NAICOM: Insurance Sector Resilient in Market Growth, Income, Claims Payment

Mr. O. S. Thomas Commissioner for Insurance/CEO National Insurance Commission (NAICOM) Despite...

NGE Laments Impact of Recession on Media Sector

The Nigerian Guild of Editors (NGE) has lamented the...
Exit mobile version