General
NCDMB Gets $1m Return on Investment From Nedogas

By Adedapo Adesanya
The Nigerian Content Development and Monitoring Board (NCDMB) has received a return on investment (ROI) valued at $1 million from Nedogas Development Company Limited (NDCL) following one of the board’s strategic investments in the oil and gas sector.
The cheque was presented to the Executive Secretary of the agency, Mr Felix Omatsola Ogbe, by the Nedogas Chairman, Mr Emeka Ene, when he visited the Nigerian Content Tower in Yenagoa, Bayelsa State.
The partnership with Nedogas, one of NCDMB’s 15 strategic investments is geared towards actualizing the federal government’s aspirations in key areas of the oil and gas industry. Most of the projects were targeted at actualising the Decade of Gas programme.
Nedogas Development Company Limited (NDCL) is a joint venture between Xenergi Limited and NCDMB Capacity Development Intervention Company. As part of the project, Nedogas Development Company Limited (NDCL) constructed and commissioned a 300 MMscfd Capacity Kwale Gas Gathering (KGG) and injection facility located in the Umusam Community, near Kwale in Delta State, Niger Delta, Nigeria.
The KGG Facility was designed to handle stranded gas resources in Nigeria’s OML56 oil province by providing the opportunity for independent operators in the area to monetize natural gas from their fields through the gas gathering, compression, injection and metering infrastructure of the KGG for quick market access.
Nedogas is one of the several strategic and successful investments of the NCDMB funded from the Nigerian Content Development Fund (NCDF), in line with the Board’s mandate to build capacity and catalyze local projects in the Nigerian oil and gas industry as enshrined under the Nigeran Oil and Gas Industry Content Development (NOGICD) Act.
Speaking at the presentation, Mr Ogbe stated that the success story of NEDOGAS at Kwale, Delta State could be replicated in other oil- and gas-producing communities to minimise gas flaring. He declared the Board’s readiness to continue collaborating with the company.
“Their model should be extended to other parts of the country where gas flaring is continuing. They have shown that with the modular system, we can quickly remove flaring from our operations in Nigeria.”
He confirmed that NCDMB had continued to receive briefings from its investment partners, adding that “we are still waiting for them to come back with success stories. Some of them are near completion and have not started operations yet.”
Chairman of NEDOGAS, Mr. Emeka Ene conveyed the company’s excitement in returning part of the credit and profit, adding that this “proves that NCDMB’s investment was a success and they are getting back that investment.”
He added that “we look forward to further collaboration with the NCDMB to expand the scope,” adding that “NCDMB is now doing effectively and practically and tangibly what it was set up to, which is to impact the economy by direct interventions. That is the way the economy can grow, improve the gas infrastructure in such a way that is sustainable despite the tight economic conditions.”
The value propositions of the Nedogas project include the total eradication of flared gas and conversation of environmental pollutants into products of value and the creation of a strategic gas gathering hub and injection node for quick access to the market for gas owners to monetize gas. Other benefits include the provision of alternative gas supply to the western flank of the OB3 line to add to the volumes of economic sustainability and increase Nigeria’s Gross Domestic Product (GDP), among other reasons.
Some of NCDMB’s notable third-party investments include Waltermith’s 5000 barrels per day modular refinery in Imo State, Azikel Group’s 12,000 barrels per day hydro-skimming modular refinery in Gbarain, Bayelsa State and Duport Midstream’s 2,500 barrels per day modular refinery in Edo State.
Other investments include Better Gas Energy for LPG terminal and gas distribution, a partnership with Rungas Prime Industries Limited to establish a cooking gas cylinders manufacturing plant in Polaku, Bayelsa State and Alaro City in Lagos and a partnership with Butane Energy to deepen LPG utilization in the North.
There was also the partnership with BUNORR Integrated Energy Limited in Port Harcourt, Rivers State to produce 48,000 litres of base oil per day and a partnership with the Nigerian National Petroleum Corporation (NNPC) Limited, Brass Fertilizer and Petrochemical Company Limited and DSV Engineering to establish a 10,000 Ton Methanol Production Plant, Odioama, Brass, Bayelsa State.
General
EFCC Grabs Three Suspects Behind Q-net Scam in Nigeria

By Modupe Gbadeyanka
Three persons believed to be behind the Q-Net scam in Nigeria have been apprehended by the Economic and Financial Crimes Commission (EFCC).
The suspects, who allegedly operated the scheme under the name Mighty Infinity Millionaire Limited, were arrested by officials of the agency on Wednesday, May 1, 2025, in Abuja.
They are Olaniyan Joshua, Oyetunde Julius Akano, and Victor Oluwale, and are currently undergoing interrogation.
A statement from the EFCC said the accused persons falsely claimed to be representatives of Q-net, a global e-commerce and direct selling company.
While Q-net has since denied any link with the suspects and their activities, investigations further revealed they were equally running a fraudulent university training in pavilions and under trees, offering fake Bachelor of Science degrees in Medicine, Nursing, Cybersecurity, Computer Studies, and Geology, among others with a false claim of affiliation with Quest International University, Malaysia.
Student victims were charged between N1.2 million and N1.3 million as registration fees from which the suspected scammers raked in hundreds of millions in proceeds of crime.
Earlier on March 24, 2025, the commission raided Q-net University at Compensation Layout, Gwagwalada, FCT, Abuja, and arrested 133 suspects.
General
Facebook May Leave Nigeria Over $220m FCCPC Fine, Others

By Modupe Gbadeyanka
Nigerians may lose access to the social media platforms operated by Meta, a report by the BBC has said.
If this happens, it will not be the first time social media users in the country have experienced such blackout.
Recall that in 2021, the Nigerian government banned Twitter after the platform removed a post by the immediate past president of the country, Mr Muhammadu Buhari, for violating its rules.
The embargo was lifted in January 2022 after seven months.
Last week, Nigeria’s Competition and Consumer Protection Tribunal on Friday ordered WhatsApp and Meta Platforms Incorporated to pay a $220 million penalty and $35,000 to the Federal Competition and Consumer Protection Commission (FCCPC) within 60 days over data discrimination practices in Nigeria.
The tribunal’s three-member panel, led by Mr Thomas Okosun, in a verdict last Friday, dismissed the appeal by WhatsApp and Meta Platforms Incorporated regarding the $220 million penalty imposed by the FCCPC for alleged discriminatory practices in Nigeria.
In a report, the BBC said Meta argued that if it is forced to pay the fine, its users in Nigeria may lose access to Facebook and Instagram.
“The applicant may be forced to effectively shut down the Facebook and Instagram services in Nigeria in order to mitigate the risk of enforcement measures,” the company said in the court papers.
If this happens, it may greatly affect content creators, who rely on the platform for earnings.
Facebook remains one of the most popular social media platforms in the country like TikTok and Twitter, now known as X after Mr Elon Musk acquired it.
Meta is battling with different fines in Nigeria, including a $32.8 million sanction from the Nigerian Data Protection Commission (NDPC) alleged Meta over data privacy laws, and a $37.5 million fine for unapproved advertising.
General
Workers’ Day: NLC Decries Deteriorating Standard of Living of Nigerian Workers

By Adedapo Adesanya
The Nigeria Labour Congress (NLC) has outlined demands to the federal government while expressing deep concerns over the deteriorating economic conditions of workers as the world marks the International Workers’ Day (May 1).
NLC President, Mr Joe Ajaero, said Nigerian workers are groaning because of poor pay as a result of the economic policies of President Bola Tinubu as well as growing insecurity and political interference in labour affairs across the country.
Mr Ajaero described the current state of the Nigerian economy as hostile to workers, noting that the removal of fuel subsidy, Naira devaluation and rising inflation have plunged millions of households into deeper poverty.
He maintained that the current economic trajectory has eroded the value of wages, rendering workers helpless and unable to meet basic needs.
“It is clear that the policies of the government, particularly the ill-timed and unstructured removal of fuel subsidies and the floating of the Naira, have pushed Nigerian workers and their families to the brink,” he said.
The NLC president reiterated the labour union’s position on the new minimum wage, stating that N70, 000 is the barest minimum that workers can accept under the current economic conditions. He argued that the amount, though still insufficient considering the skyrocketing cost of living, could serve as a starting point for negotiation.
He lamented the increasing hunger facing workers in the country, “We are hungry,” he said, adding that, “The minimum wage cannot buy a bag of rice. If you are sincere and you go to work every day, 20 days, your salary is gone on transportation.
“We are not asking for luxury. We are simply demanding a wage that allows a worker to live a dignified life, pay rent, feed their families, send their children to school, and transport themselves to work.”
He said that even this figure would need to be adjusted periodically to keep pace with inflation and market forces.
“If the government can effectively implement some of the measures they have put in place -such as the N70, 000 minimum wage, the CNG transport system, and the students’ loan- then one can say that the renewed hope idea is working. I think the foundation has been laid, but we need the real implementation of these,” he stated.
On energy and transport, he criticised the government’s failure to deliver on the promised palliatives to cushion the effect of subsidy removal. He cited the delay in rolling out Compressed Natural Gas (CNG) infrastructure and vehicles, which was supposed to provide affordable alternatives to petrol-powered transportation.
“They promised us CNG buses. Where are they? They promised wage awards. Many states have not implemented anything. The promises made last year have remained largely on paper,” he said.
He called on the Federal Government to accelerate the implementation of energy reforms, especially in the transportation sector, to alleviate the burden on workers who spend a significant portion of their income on transportation.
Mr Ajaero also raised concerns over the inconsistencies in salary payments and implementation of wage awards across various states and federal agencies.
He noted that many state governments have either failed to implement the approved wage increases or are paying workers below the agreed minimum wage, thereby violating labour agreements.
He pointed out that the disparities in the federal and state public service salary structures were unacceptable and called for immediate harmonisation, including a review of salary step progression and grade levels to ensure equity.
The NLC president further urged the government to reform the country’s tax regime, which he said unfairly targets the poor while allowing multinational corporations and political elite to evade taxes.
“It is only in Nigeria that someone earning N50, 000 a month is taxed heavily while the real billionaires are not paying their fair share. This system must change,” he said.
Additionally, the labour leader condemned the growing state of insecurity in many parts of the country, which he said not only affects productivity but, also, endangers the lives of workers, especially those in rural communities and high-risk professions.
He also criticised the decay in the health and education sectors, lamenting that many workers can no longer afford basic healthcare or quality education for their children. Turning to internal challenges within the labour movement, he decried the increasing political interference in union activities, particularly in Rivers and Edo states.
He accused state governors of undermining the autonomy of the trade unions, suppressing workers’ voices, and in some cases, promoting parallel union leadership to create division.
“In Rivers State, we are witnessing a complete breakdown of labour-government relations. Retirees are not being paid, union meetings are disrupted, and workers’ rights are trampled upon. In Edo, we are dealing with a crisis of leadership instigated by the state government,” he alleged.
He urged the federal government to call erring state governors to order and protect the rights of workers as enshrined in the Constitution to prevent the escalation of events in those states. He further stated the status of no May Day celebrations in the states still stands. He challenged the government to prioritise social services in its spending plans and cut waste in governance.
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