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Breaking News: $42 Million Oil and Gas Project to Be Reopened
Abstract：The previously suspended oil and gas project has been restarted due to the intervention of the Nigerian Content Development and Monitoring Board (NCDMB). Valued at $42 million, the restart of this project is expected to further drive employment for the local workforce.
The decision to resume the project was made by the board, taking into consideration the local employment situation and aiming to involve more local labor in the industry. The factory had been non-operational since its completion in 2017 due to a dispute between Africoat, the bank, and Lagos Deep Offshore Logistics Limited (LADOL).
The board's executive secretary, Omatsola Ogbe, stated that peacefully resolving these issues will help restore the factorys operations, thus supporting industrial development, benefiting investors, and generating more job opportunities for the economy.
The NCDMB has played a key role in expediting the approval of new projects. Several projects are currently progressing, including the Ubeta gas development project and the Bonga North project, both of which are being developed by TotalEnergies. Shell Nigeria Exploration and Production Company (SNEPCo) announced the final investment decision (FID) for the Bonga North project in December 2024.
In addition, the Eni Group and Shell are preparing for the Zabazaba deepwater project, similar to the preparations being made by SNEPCo for the HI and HA gas projects.
The NCDMB head emphasized that the board will continue to collaborate with international oil companies to develop new projects while ensuring that key components of these projects are executed by local companies with proven capabilities, in line with the Nigerian Oil and Gas Industry Content Development (NOGICD) Act.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Further Reading
Wundersys vs tradgrip: Two Offshore Newcomers Go Head to Head — and Neither Brings Home a Trophy
Some broker comparisons end with a confident "go with this one." This is not one of them — and that honesty is exactly what makes it worth reading. Wundersys and tradgrip are two young, offshore-registered brokers that keep popping up in front of beginner traders, often through aggressive online marketing. Both promise the usual buffet: tight spreads, generous leverage, multiple account tiers. And both, according to WikiFX, sit near the very bottom of the safety scale. So instead of crowning a champion, this comparison is really about something more useful: learning to read the warning signs, understanding the small differences that still matter, and knowing why "the better of two risky options" is still a conversation about risk.
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The 6 Lowest-Commission Forex Brokers South Asian Traders Are Flocking To in 2026
If you trade forex from India, Pakistan, Bangladesh, Sri Lanka, or Nepal, you already know the quiet truth that eats into every trader's results: it is not just the market that decides whether you profit — it is the cost of getting in and out of each trade. Shave a couple of dollars off your commission on every lot, multiply it across hundreds of trades a year, and you are looking at the difference between a strategy that works and one that bleeds out slowly. South Asian traders are some of the most cost-conscious in the world, and rightly so. So we pulled the data on the brokers most often recommended for the region, cross-checked every name on WikiFX, and ranked them by the one number that matters most here: what they actually charge you to trade. Before the list, one quick lesson that will make this whole ranking click.
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XPO Fund Wants $10,000 Before You Trade a Single Real Dollar — Read This Stunning Revelation
If you have spent even a week inside trading communities lately, you already know the pitch by heart. Pass a quick "challenge," get handed a funded account worth tens of thousands of dollars, and keep up to 80% of everything you make. No risking your own savings, no slow grind of building capital from scratch — just skill, a small fee, and a fast track to the big leagues. It is the exact dream every new trader is secretly chasing, and an entire industry has sprung up to sell it. XPO Fund is one of the louder voices selling that story right now. Its website is slick, its plans sound generous, and its marketing leans hard on words like "industry's lowest fee" and "fast payouts." But before you reach for your card, there is one number sitting quietly on this firm's profile — a number it would rather you scroll past — that every experienced trader would beg you to look at first. And no, it is not the profit split. Let's pull XPO Fund apart piece by piece: what it actually is, who is real
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