Author: Vardiafrica

Alhaji Aliko Dangote, President of the Dangote Group, announced this at a press briefing in Lagos State. The Dangote Refinery has said it has plans to soon expand its capacity from 650,000 barrels per day to 1.4 million bpd. Alhaji Aliko Dangote, President of the Dangote Group, announced this at a press briefing in Lagos State. “We are expanding the Dangote Petroleum Refinery from 650,000 barrels per day to 1.4 million barrels per day,” Dangote said. “Upon completion, this will make it the largest refinery in the world, surpassing the Jamnagar Refinery in India.” The expansion project is expected to…

Spurred by the resurgence of big-ticket investments and new projects in the Nigerian oil and gas industry, the Nigerian Content Development and Monitoring Board (NCDMB) has unveiled a special Human Capital Development (HCD) Program that would train over 10,000 young graduates and technicians in top 10 high-demand skills in the sector. Termed NCDMB Oil and Gas Field Readiness Training Program, the intent is to prepare and equip the next generation of Nigerians with practical skills for top careers in the oil and gas industry and position them to take part actively in the oil and gas projects recently launched bysome international and indigenous operating oil and gas companies.…

The Nigerian Association of Resident Doctors, NARD, says it will begin an indefinite nationwide strike starting November 1, 2025. This was contained in a statement released by NARD President, Mohammad Suleiman, on Sunday. The statement noted that the strike directive was issued after the expiration of a 30-day ultimatum earlier given to the Federal Government over unresolved demands. The decision was taken after a five-hour meeting of the association’s National Executive Council, NEC, on Saturday. “The NEC has marshalled out minimum demands, strike monitoring directives, and ‘no work, no pay/no pay, no work’ resolutions needed for a successful execution of…

The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe has pointed that the Board is intensifying efforts to embed Environmental, Social, and Governance (ESG) standards across its operations, aiming to bolster sustainability and enhance local content in Nigeria’s oil and gas sector. Speaking at the International Conference on Hydrocarbon Science and Technology in Abuja on Thursday, Ogbe emphasized the Board’s commitment to aligning with global ESG benchmarks. “ESG principles are critical in directing global investments, and Nigeria is keeping pace,” Ajimijaye stated. “NCDMB is empowering local operators to compete on the international stage while adhering…

US President Donald Trump co-signed a ceasefire agreement between Thailand and Cambodia in Malaysia during the first stop on his Asia tour, which is expected to culminate in talks with Chinese leader Xi Jinping. The ceasefire, following a bloody border dispute, was signed by Thai Prime Minister Anutin Charnvirakul and Cambodian Prime Minister Hun Manet, as well as Trump and Malaysian Prime Minister Anwar Ibrahim. The agreement will see the release of 18 Cambodian prisoners of war, a statement from Cambodia’s foreign ministry said. Clashes between Thailand and Cambodia erupted in July, killing more than 40 people and forcing around…

The close-out ceremony of the Nigeria Liquefied Natural Gas (NLNG) Asset Legacy Training programme held on Wednesday in Port Harcourt, witnessed attestations and plaudits from among industry regulator, partner companies and outgoing trainees as to milestones achieved in relation to the human capital development (HCD) provisions of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, 2010. Asset Legacy Training, an HCD programme of the NLNG Limited executed on the back of the company’s multibillion-dollar Train-7 project, is framed in the light of targets set by the Nigerian Content Development and Monitoring Board (NCDMB) for job-ready and globally competitive…

Aliko Dangote, the richest Black man in America, has reached a new milestone, with a net worth of $30.3 billion, according to the Bloomberg Billionaires Index. Per Business Insider Africa, the feat makes him the first African-born billionaire to achieve this level of wealth, fueled by growth in his cement and oil ventures. Dangote’s wealth increased by $2.16 billion year-to-date, including a recent $430 million valuation gain. His net worth previously stood at $29.8 billion, just $200 million short of the mark, before crossing the threshold in October 2025, Business Insider Africa reports. Cement Expansion Strengthens Dangote’s Holdings Dangote’s latest…

Nigeria’s pioneering local content framework in the oil and gas industry is emerging as a blueprint for African nations seeking to maximize domestic participation and economic benefits from their natural resources. The Executive Secretary, NCDMB, Engr. Felix Omatsola Ogbe, said this during the fourth Biennial International Conference on Hydrocarbon Science and Technology in Abuja on Wednesday. Represented by General Manager, Research and Statistics, NCDMB, Tassalla Tersugh, noted that the Nigerian Oil and Gas Industry Content Development (NOGICD) Act of 2010 has driven local content in key industry segments from less than 5% to over 54%, generating more than 50,000 direct…

The former Navy Chief, represented by the Commander, Operation Delta Safe, Rear Admiral Noel Madugu, stated that the operational facilities handed over by NDDC would bolster the Nigerian Navy’s presence and security operations. He observed that Ayakoro was an important town located on the river, making it strategic and crucial for maritime security in the Niger Delta region. He stated: “The event we are witnessing today is a statement of the existing close collaboration between the NDDC and the Nigerian Navy, which is geared towards addressing maritime security challenges in the region. “I commend the vision and commitment of the…

Speaking during an inspection of the project, the NDDC Managing Director, Dr Samuel Ogbuku, stated that the Commission was committed to enhancing the educational development in the Niger Delta region. Ogbuku, who inspected the project in the company of the Vice Chancellor of NDU, Professor Allen Agih, the NDDC Executive Director, Projects, Dr Victor Antai, and other Directors of the Commission, stated that it was part of the Commission’s efforts to build the capacity of universities in the Niger Delta region. He observed that the completion of the students’ hostel followed a directive from President Bola Tinubu to ensure that…