Saturday, April 18, 2026
27 C
Lagos

Business

Guinness Nigeria: N1tn Market Capitalisation Signals Strong Investor Confidence, Sustained Value Creation

Guinness Nigeria Plc has achieved a landmark milestone, surpassing...

Nationwide Voting Platform Empowers Consumers to Rate Brands, Public Institutions Based on Real Value, Trust, Service Delivery

  https://consumervalue.vercel.app/nominate In a bold step to deepen consumer voice and...

BOOK REVIEW: Personal Cost Control Strategies

  Author: Festus Abiodun Adebisi Publisher: Maximax Inc. Reviewer: Goke Ilesanmi Many people...

The Swift Ascendant Lands in Abuja: Martell’s Monumental Journey of Audacity Reaches the FCT

After kicking off in Lagos, Martell’s nationwide campaign, Martell...

PR Industry Leaders Hail Adejumoh’s Book, Advocate Strategic Shift in Practice

L-R: Chief Yomi Badejo-Okusanya (YBO), Chairman, Board of the...

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 Group Commends Happy Woman Digital Platform Initiative, Seeks Partnership

Being text of the speech by Alhaji (Dr.) Umaru...

Nigeria’s Reforms Driving Strong Domestic Capital Mobilisation, Says NGX Group CEO

The Group Managing Director/Chief Executive Officer of Nigerian Exchange...

NGX Group, IFC, CSCS, WIMBIZ Convene Leaders to Advance Gender Equality at 2026 Ring the Bell Ceremony

Nigerian Exchange Group Plc (NGX Group), in collaboration with...

Insurance

NIA to Honour Past Governing Council Members

The Nigerian Insurers Association (NIA) is pleased to announce...

Nigeria Hosts 1st ECOWAS Brown Card Zonal Meeting 2026 in Lagos

‎The Commissioner for Insurance, National Insurance Commission, Mr. Olusegun...

Heirs Insurance Group, United Capital Partner on Self-Care, Wealth Event for Ambitious Women

Heirs Insurance Group, Nigeria’s fastest-growing insurance group, and United...

NAICOM Pledges Commitment to Labour Standards, Staff Welfare

The National Insurance Commission (NAICOM) reaffirms its strong commitment...

Business

Guinness Nigeria: N1tn Market Capitalisation Signals Strong Investor Confidence, Sustained Value Creation

Guinness Nigeria Plc has achieved a landmark milestone, surpassing...

Nationwide Voting Platform Empowers Consumers to Rate Brands, Public Institutions Based on Real Value, Trust, Service Delivery

  https://consumervalue.vercel.app/nominate In a bold step to deepen consumer voice and...

BOOK REVIEW: Personal Cost Control Strategies

  Author: Festus Abiodun Adebisi Publisher: Maximax Inc. Reviewer: Goke Ilesanmi Many people...

The Swift Ascendant Lands in Abuja: Martell’s Monumental Journey of Audacity Reaches the FCT

After kicking off in Lagos, Martell’s nationwide campaign, Martell...

PR Industry Leaders Hail Adejumoh’s Book, Advocate Strategic Shift in Practice

L-R: Chief Yomi Badejo-Okusanya (YBO), Chairman, Board of the...

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 Group Commends Happy Woman Digital Platform Initiative, Seeks Partnership

Being text of the speech by Alhaji (Dr.) Umaru...

Nigeria’s Reforms Driving Strong Domestic Capital Mobilisation, Says NGX Group CEO

The Group Managing Director/Chief Executive Officer of Nigerian Exchange...

NGX Group, IFC, CSCS, WIMBIZ Convene Leaders to Advance Gender Equality at 2026 Ring the Bell Ceremony

Nigerian Exchange Group Plc (NGX Group), in collaboration with...

Insurance

NIA to Honour Past Governing Council Members

The Nigerian Insurers Association (NIA) is pleased to announce...

Nigeria Hosts 1st ECOWAS Brown Card Zonal Meeting 2026 in Lagos

‎The Commissioner for Insurance, National Insurance Commission, Mr. Olusegun...

Heirs Insurance Group, United Capital Partner on Self-Care, Wealth Event for Ambitious Women

Heirs Insurance Group, Nigeria’s fastest-growing insurance group, and United...

NAICOM Pledges Commitment to Labour Standards, Staff Welfare

The National Insurance Commission (NAICOM) reaffirms its strong commitment...

NLNG’s Unwavering Commitment to Local Content Development in Nigeria

L-R: Mr. Andy Odeh, NLNG General Manager External Relations and Sustainable Development; NLNG GM, Human Resources, Mrs. Erinle Bamitale; Engineer Simbi Wabote, Executive Secretary NCDMB; Dr. Philip Mshelbila, MD/CEO NLNG; Mr. Nnamdi Anowi, NLNG GM, Production at the Nigerian Content Stakeholders Retreat in Bonny recently.

Nigeria LNG Limited (NLNG) last weekend hosted the Nigerian Content Stakeholders Retreat at its plant complex in Bonny, in demonstration of its unwavering commitment to the advancement of local content in Nigeria.

The three-day event provided a platform for the cohesion of NLNG’s vision of being a globally competitive LNG company helping to build a better Nigeria, and the goal of the Nigerian Content Development and Monitoring Board (NCDMB) as the umpire for Nigerian Content Development.

Delivering the keynote address at the Nigerian Content and Award Ceremony, the Executive Secretary of the NCMDB, Engr Simbi Wabote expressed concern over the challenges of inadequate gas supply to the NLNG Plant and promised to support the company along the lines of approving third party gas injectors and sanctioning new deepwater gas projects. He added that “most of the marginal operators have also found gas but part of their challenge is where to send the gas.”

Engr Wabote lauded the NLNG for its remarkable success at promoting Nigerian Content, recalling that at the inception, the company’s Management level had 90 per cent expatriates and 10 per cent Nigerians.”

”However, the table has now turned the other way, with the entire Management now consisting of Nigerians” he added.

Earlier, in his welcome remarks, the NLNG Managing Director and Chief Executive Officer, Dr Philip Mshebila, said the retreat and award ceremony was designed to reaffirm NLNG’s commitment to upholding local content development as a catalyst for the economic advancement of the nation, adding that through NLNG’s Nigerian Content policy, the company has consistently championed the development of  indigenous and national economic potentials while fostering a self-sufficient and competitive workforce for sustainable development.

According to Dr. Mshelbila, NLNG recognises its pivotal role in shaping the trajectory of local content development in Nigeria and restated that the company’s commitment to Nigerian Content development aligns with its profound belief in Nigeria’s boundless potentials which can be unleashed by nurturing and harnessing local talents, Nigerian companies and associated resources, that will in turn help build a stronger, more prosperous nation. This includes technology transfer, given the high-tech plant and operations of the NLNG Plant in Bonny Island.

The NLNG boss stated that while the company appreciates the outstanding contributions of major foreign partners, “we insist on capacity development and knowledge transfer to encourage Nigerian companies to get more involved in the technical processes. We want to see more partnerships with local manufacturers, more empowerment for competitive edge, more import substitution with locally manufactured spares and parts”.

Since commencement of operations in 1990, NLNG has maintained unwavering commitment to local content development through significant investment in skills development programmes that empower Nigerian workers and companies with the knowledge and expertise required to drive economic activities in the nation’s Oil and Gas sector and associated industries.

The company provides comprehensive trainings, and scholarships to cultivate local talent, while also actively engaging local vendors, to promote the growth of Nigerian businesses and bolster local economies. NLNG maintains a strong preference for sourcing goods and services locally, whenever practicable.

The company has also achieved 100% Nigerianization of its management team and over 95% Nigerian workforce that are its greatest asset, a feat it achieved through strategic local and international trainings to grow professionals of global standards.

At the award ceremony which featured outstanding local vendors who are NLNG’s business partners, the company commended NCDMB for maintaining transparent and fair regulatory frameworks which are crucial for promoting responsible business practices and growth, adding that strengthening security measures to protect critical infrastructure and operating environment will further bolster Nigeria’s private sector growth and the nation economic gains.

Highpoint of the award night was the recognition of NLNG partner companies for outstanding performance in their partnership with NLNG. Notable among them are EVOMEC Global Services Limited, Coleman Cables and Wires, A.O Brownson Enterprises, Alfred Temile LPG Tanker and Saipem Contracting Nigeria Limited.

 

Hot this week

Guinness Nigeria: N1tn Market Capitalisation Signals Strong Investor Confidence, Sustained Value Creation

Guinness Nigeria Plc has achieved a landmark milestone, surpassing...

Stanbic IBTC Asset Management Bags Top Asset Management Award 2026 by Global Banking & Finance Review

In a noteworthy achievement in Nigeria's asset management landscape,...

Tinubu Assents to N68.32tn Appropriation Bill, 2025 Budget Extension

President Bola Ahmed Tinubu has assented to the 2026...

Nationwide Voting Platform Empowers Consumers to Rate Brands, Public Institutions Based on Real Value, Trust, Service Delivery

  https://consumervalue.vercel.app/nominate In a bold step to deepen consumer voice and...

PenOp Appoints Anthonia Okoro as Chief Executive Officer

Pension Fund Operators Association of Nigeria is pleased to...

Topics

NCC to Subsidise InfraCos for Broadband Penetration

As part of its plans to boost broadband penetration...

ILAN EXCO Pays Courtesy Visit to Sovereign Trust Insurance

L-R: Lekan Oguntunde, DGM/Head, Digital & Information Technology, Sovereign...

Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has...

2nd Year Anniversary: Tinubu Hails NASENI’s Contributions to National Economy

A special recognition of excellent performance toward fulfilling Federal...

Royal Exchange General Insurance Names Agili as New CEO

The Board of Directors of Royal Exchange Plc, has...

Royal Exchange: N11bn Premium Drop in 9 Months, N356m Loss in Qtr 3

Royal Exchange Plc has reported N11 billion drop in...

Ericsson Report: 310m LTE Subscriptions in Sub-Saharan Africa by 2023

LTE subscriptions will expand by 47 percent from...

Stanbic IBTC Bank Shows Determination to Support Agro-allied Economy

Stanbic IBTC Bank Plc, a member of Standard Bank...
Exit mobile version