Business News

Minister Hints At Likely Petrol Price Increase

By Sahel Standard Magazine February 10, 2021 150 0

The Federal Government on Tuesday hinted at likely hike in the pump price of petrol. Minister of State for Petroleum Resources Timipre Sylva urged Nigerians to be ready to bear the pains of increased petrol price as crude oil price climbs above $60 per barrel. The price of a litre of petrol is between N160 […]Continue Reading

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Nigeria Faces ‘Inevitable’ Petrol Price Hike, Deputy Petroleum Minister Sylva Warns

By Sahel Standard Magazine February 10, 2021 130 0

The Minister of State for Petroleum Resources, Mr. Timipre Sylva, on Tuesday prepared the minds of Nigerians for a higher regime of the pump price of petrol, given the new fortunes of crude oil in the international market. With the price of Brent crude oil still hovering around $60 per barrel on Tuesday, Sylva said […]Continue Reading

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3,000 Students Benefit From Bayelsa Students Loan Scheme , Says Executive Secretary

By Sahel Standard Magazine January 28, 2021 194 0

 Over 3,000 students of Bayelsa State extraction have benefited from the Bayelsa State Higher Education Students Loan Board scheme in the last one year. In the same vein, N400 million in loans have been have given out to undergraduate and post graduate students including those pursuing professional programme. Executive Secretary of the Board, Dr. Michael Amaegberi, […]Continue Reading

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Buhari commissions Waltersmith Modular Refinery, hails NCDMB

By Sahel Standard Magazine November 25, 2020 147 0

President Muhammadu Buhari has performed the virtual commissioning of the 5,000 barrels per day (bpd) Waltersmith Modular Refinery, developed with 30 per cent equity investment by the Nigerian Content Development and Monitoring Board (NCDMB) and described the role played by the Board as novel in concept and superb in delivery. The President also performed the […]Continue Reading

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$1.45billion Invested In Nigerian Content Development – Chevron

By Sahel Standard Magazine September 15, 2020 178 0

Chevron Nigeria Limited (CNL) says it invested $1.45 billion in Nigerian Content Development (NCD) in 2019. The oil major made the disclosure in its 2019 Corporate Responsibility Report in Lagos on Tuesday. The report said to demonstrate its commitment to NCD, Chevron Nigeria’s local content policy had been updated, such that it gave contracting preference […]Continue Reading

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President Buhari Commission’s New Headquarters Building of the Nigerian Content Development and Monitoring Board (NCDMB)

By Sahel Standard Magazine August 13, 2020 330 0

Amidst clamours for urgent infrastructural development of the oil-rich Niger Delta region of the country, President Muhammadu Buhari has assured that more projects are planned for the region. President Buhari gave the assurance on Thursday during the virtual commissioning of the new headquarters building of the Nigerian Content Development and Monitoring Board (NCDMB) in Continue Reading