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    BREAKING NEWS
    A twin Currency Trade Finance Line of Credit of $50 Million and €50 Million has been validated by the Board of Directors of the African Development Bank Group and the ECOWAS Bank for Investment and Development
    $100 Billion in Investment is needle for the Modernization and Harmonization of Regulatory Framework to boost Africa’s established Broadband Coverage by 2030
    Nigeria Launches National Domestic Payments Card Program
    In Guinea-Bissau, ECOWAS Parliament held a 3 Day Seminar on the Adoption of a Single Currency for Member African States
    $30 Billion has been pledged by the African Development Bank and Development Partners to Finance Food and Farming in the Next Five Years
    $7.9 Billion in Exports glid in 2021 from the East African Community (EAC) Bloc to Africa amidst the Novel Corona Virus (COVID -19) Consequence
    President William Ruto of Kenya has Urged fellow African Rulers to address on Agribusiness beyond Production to Value Addition and Manufacturing
    Africa’s Economic Growth to Outpace Global Forecast in 2023-2024, AfDB Report
    Growers in Uganda to succeed from Nigeria’s AFEX’s Tech-Enable Products having expanding its Products Exchange Business in Nigeria’s AFEX from Kenya
    Nigeria Sets Quality Control and Assurance Laboratory for the Oil and Gas Industry

    Nigeria Sets Quality Control and Assurance Laboratory for the Oil and Gas Industry

    Posted On 20 Jan 2023
    By : New Africa Business News, Staff Correspondent
    Comments: 14

    By Richard Adorsu-

    Photo Credit: Pexels

    NEW AFRICA BUSINESS NEWS (NABN) Accra GHANA- The Nigerian Content Development and Monitoring Board, (NCDMB) is set to increase indigenous capacities, capabilities and competencies in the oil and gas industry, the Executive Secretary, Engr. Simbo Kesiye Wabote commissioned a block of Quality Control and Assurance Laboratories christened, Nigerian Content Laboratories by Laser Engineering and Resources Consultants Limited.

    Speaking at the commissioning, Engr. Wabote commended Laser Engineering for being an indigenous company of repute, rendering premium services to the oil and gas industry in the areas of reservoir management, pressure-volume-temperature, (PVT) and environmental
    services, well intervention services (Slickline), and Research and Development services in a manner that ensures customers and stakeholders’ satisfaction through compliance with best practices for continual improvement.

    He specifically stated that Laser Engineering has made an indelible mark of becoming an enduring organization that utilizes available resources in solving intellectual problems in the oil and gas industry.

    The Nigerian Content Chieftain cut the tape to formally open the Nigerian Content Laboratory Complex housing Calibration, Molecular & Micro-Biology, Instrumentation and Chemistry Laboratories. Other Laboratories at the complex include Research, Development & Incubation, Crude Assay, PVT Laboratories, Well Intervention Workshop, Reservoir Office and a Library.

    Fielding questions from the media, Managing Director, Laser Engineering and Resources Consultants Limited, Prof. Mike Onyekaonwu maintained that the Analytical Science Laboratories were established to stem the tide of over-dependency on foreign laboratories. He
    disclosed that the research centre initiated a Hydrate loop to engender enhanced recovery of crude oil in Exploration & Production operations. The laboratories are also established for students in tertiary institutions to run basic experiments to enhance practical experience of their course of study.

    Prof Onyekaonwu indicated that the fabrication of most of the laboratory equipment is done in country to reduce costs on institutions of higher learning as he is the sole funder of the initiative.

    He harped on the need for the establishment of other laboratory facilities in the country, which would handle the nation’s peculiarities through innovation, research and development rather than the hurry for materialism.

    The academic encouraged industrialists to create their own technology that can be deployed for problem-solving, noting that over dependency on the NCDMB can be a problem. He disclosed that investments in research grows any economy and Nigerians need to be resilient to create indigenous technology.

     

    For New Africa Business News Richard Adorsu Reports,  Africa Correspondent

    About the Author
    New Africa Business News Staff Correspondent
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    14 Comments

    1. Milo January 20, 2023 at 5:02 am Reply

      Thank you for the report and the daily newsletters. Milo in Manchester, England

      • New Africa Business News, Staff Correspondent January 20, 2023 at 5:21 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    2. Asher January 20, 2023 at 5:07 am Reply

      Am seeing the rise of Africa. And Africa is selecting it’s friends. Interest of Africa is the priority. Is happening. Thank God. Asher in Kisumu KENYA

      • New Africa Business News, Staff Correspondent January 20, 2023 at 5:20 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    3. Charles January 20, 2023 at 5:09 am Reply

      Thank you, Journalist Richard for the report. You are the best. Charles in Paris, France

      • New Africa Business News, Staff Correspondent January 20, 2023 at 5:20 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    4. Winda January 20, 2023 at 5:15 am Reply

      Since, I read PLO Lumumba’s on one of your report, I made several research. Or boy he is a great man. Love Africa. Winda in Cape town, SOUTH AFRICA

      • New Africa Business News, Staff Correspondent January 20, 2023 at 5:19 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    5. Daniel January 21, 2023 at 5:52 am Reply

      I think Africa should invest in renewable energy. The abundances in our Continent. Thank you Journalist Richard for the report. Daniel in Lusaka Zambia

      • New Africa Business News, Staff Correspondent January 21, 2023 at 6:01 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    6. Isla January 21, 2023 at 5:56 am Reply

      Thank you again new Africa news and your audiences. Development happening all over our great continent. Isla in Mombasa KENYA

      • New Africa Business News, Staff Correspondent January 21, 2023 at 6:00 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    7. Edith January 21, 2023 at 5:58 am Reply

      Love your weekend newsletters. Many thanks. Edith in Oslo, Norway

      • New Africa Business News, Staff Correspondent January 21, 2023 at 6:00 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

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    A twin Currency Trade Finance Line of Credit of $50 Million and €50 Million has been validated by the Board of Directors of the African Development Bank Group and the ECOWAS Bank for Investment and Development

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    • Nigeria Launches National Domestic Payments Card Program
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