InnoMines Limited

Feeding industries with essential Commodities that're vital to our existence,growth & development:Physical supply & Export of Mineral-Metal Ores & AgroCommodity

[InnoMines Limited @InnoMines]

🌍 Welcome to June!
May this new month bring fresh opportunities, meaningful partnerships, and remarkable achievements.
From all of us at InnoMines Limited, we wish our clients, partners, and followers a productive, prosperous, and successful month ahead.
Happy New Month! 🎉

[Nairametrics @Nairametrics]

Nigeria’s oil sector contributed 3.92% to the country’s total real Gross Domestic Product (GDP) in the first quarter of 2026, reflecting a slight decline from the corresponding period of 2025 despite improved growth in the sector. https://t.co/vfjoDEafwO

[InnoMines Limited @InnoMines]

Congratulations to @WeatherfordCorp & @ExxonMobil on the deepwater integrated completion contract in Nigeria. We look to supporting offshore drilling activities with reliable supply of quality Nigerian Barite.
Wishing your teams a successful project execution.
#OilAndGas #Barite

[Weatherford @WeatherfordCorp]

Girish Saligram, Weatherford’s President and Chief Executive Officer, commented, “This contract reflects our ability to deliver integrated completions solutions for deepwater operations.” Read the full press release: https://t.co/jxAPlr4bP1

#Weatherford #WeatherfordNews

[InnoMines Limited @InnoMines]

@WeatherfordCorp Congratulations to @WeatherfordCorp & @ExxonMobil on the deepwater integrated completion contract in Nigeria. We look to supporting offshore drilling activities with reliable supply of quality Nigerian Barite.
Wishing your teams a successful project execution.
#OilAndGas #Barite

[Weatherford @WeatherfordCorp]

Girish Saligram, Weatherford’s President and Chief Executive Officer, commented, “This contract reflects our ability to deliver integrated completions solutions for deepwater operations.” Read the full press release: https://t.co/jxAPlr4bP1

#Weatherford #WeatherfordNews

[InnoMines Limited @InnoMines]

Welcome to May ! a month for stronger deals, better partnerships, and meaningful growth.

#WorkersDay #WelcomeToMay #InnoMines #GlobalTrade #ResponsibleSourcing

[InnoMines Limited @InnoMines]

Late, but never out of place.
In the spirit of Workers’ Day, we celebrate the hands behind every process, the people behind every shipment, and the effort behind every opportunity.
From the mines to the markets, every link matters.

#WorkersDay #InnoMines #GlobalTrade

[Fast Company @FastCompany]

Ghirardelli Chocolate products recalled over Salmonella fears. Avoid this list of 13 beverage mixes https://t.co/h58QDYRepx

[InnoMines Limited @InnoMines]

Happy Easter!!☦️🐣
A season that brings a sense of renewal, fresh perspective, and new beginnings. As life slows down a little, it offers a moment to reflect, reset, and move forward with clarity.
Wishing you a calm, meaningful, and refreshing Easter.

#physicalcommoditiestrading

[Fast Company @FastCompany]

"Dutch semiconductor chip machine maker ASML recorded a record net profit of 9.6 billion euros ($11.5 billion) in 2025." https://t.co/XpY9cs4bl5

[NCDMB @OfficialNCDMB]

Nigerian Local Content AfCFTA Energy Summit 2026

The Nigerian Content Development and Monitoring Board (NCDMB), in partnership with The Legal Concierge Limited, invites stakeholders across the oil and gas value chain to the 2026 Nigerian Local Content AfCFTA Energy Summit.

Theme: Unlocking Africa’s Energy Future through AfCFTA: Trade, Innovation & Regional Integration

Date: Monday, 9 February 2026
Venue: Eko Hotel, Lagos
Time: 9:00am

Why you should attend:
- Gain insights on cross-border opportunities and procedures
- Foster knowledge sharing and networking for B2B agreements
- Enhance competitiveness of service companies to drive AfCFTA implementation

Save the date.

#NCDMB

[InnoMines Limited @InnoMines]

✨🎉 As we step into 2026, we look ahead with optimism, resilience, and purpose.
Thank you for your trust and partnership. Here’s to a year of growth,value creation, and shared success.
Cheers to 2026 🥂
A new year of stronger partnerships.
Happy New Year from InnoMines Limited

[InnoMines Limited @InnoMines]

🎄✨ Just like treasured minerals in the earth, may the joy of Christmas bring smiles to you and your loved ones.
At InnoMines Limited, we’re grateful for the trust,partnerships,and opportunities this year. Wishing you a joyful Christmas and a prosperous New Year.
Happy Christmas

[NCDMB @OfficialNCDMB]

Press Release

Cost of Services in Nigeria’s Oil and Gas Industry is Cheapest in Africa – PETAN President

The President, Petroleum Technology Association of Nigeria (PETAN), Engr. Wole Ogunsanya on Wednesday declared that the cost of providing services in Nigeria’s oil and gas industry is relatively the cheapest on the African continent.

He spoke at a Townhall Session at the 14th Practical Nigerian Content (PNC) Conference and Exhibition at the Nigerian Content Tower (NCT), Yenagoa and provided a detailed analysis of project costs across Africa and elsewhere.

Engr. Ogunsanya insisted that a distinction must be made between the capital expenditures (CAPEX) of the oil industry and operating expenditures (OPEX), stressing that Nigeria’s CAPEX rates were arguably the lowest in Africa.

He attributed what some industry observers refer as Nigeria’s uncompetitive costs of production to challenges of evacuation, security costs and the activities of portfolio companies that habitually manipulate their clientele.

According to him, PETAN, the umbrella body of reputable indigenous technical oilfield service companies, has been analysing production costs in different countries over time, using capital expenditure (CAPEX) and operating costs/expenditure (OPEX), and, in the case of Nigeria, carefully identifying cost elements at successive stages of oil and gas production.

In his words, “The number one cost driver in Nigeria’s oil and gas industry operations is evacuation of crude oil and gas. Our pipelines are vandalised, and some companies use vessels, barges to move crude oil, at a cost of US$12 per barrel.” Costs include payments to security agents as guards or escorts.

The PETAN boss, who is also Chairman/Chief Executive Officer of Geoplex Drillteq Limited, said whereas contracting a land rig in India costs as much as US$60,000 per day, the same services in Nigeria cost as low as US$30,000 for the same duration. Part of the explanation for the relatively lower costs in Nigeria, he noted, is that “Local content policy and practice in the industry here subsidises oil and gas production” in ways that might not be very apparent to some analysts, he said.

He lamented that some portfolio companies in Nigeria, companies without the requisite operational assets often constitute another grievous dimension in the escalation of costs. PETAN, he revealed, is “aware of portfolio companies that had previously obtained the Nigerian Content Equipment Certificate (NCEC), became registered on NIPEX (Nigerian Petroleum Exchange) and had services, projects awarded to them.”

The Presidential Directive on Local Content Compliance Requirements introduced in March 24, 2024, had mandated that such portfolio companies be barred from participating in the Nigerian oil and industry, while companies bidding on projects must demonstrate genuine, tangible capacity to perform the work independently.

Ogunsanya called on the NCDMB to allow specialists in PETAN to provide guidance on equipment required for different industry operations. He also wants the Federal Government and the NNPCL to facilitate efforts of PETAN to establish the cost of projects in other markets, to enable the Association advise the authorities on trends globally, “so when any of the IOCs or even indigenous companies say we are doing a US$5 billion project to produce 100,000 barrels, we have a basis for comparison.”

Other issues deliberated upon at the Townhall Session, moderated by the General Manager, Corporate Communications Division (CCD) of the NCDMB, Dr. Obinna Ezeobi, include key requirements for NCEC, whether the US$400 million Nigerian Content Intervention Fund (NCDF) of the NCDMB could be accessed by startup companies or for Research and Development.

[InnoMines Limited @InnoMines]

Proudly represented at #GTRCommodities2025 in Geneva!
A rewarding experience connecting with global partners, exploring trade opportunities, and building new relationships.
Grateful for the insights and connections made.

#InnoMines #Trade #Export #Commodities

[Fast Company @FastCompany]

“We’ve had some incredible artists reach out to us, even in the past few weeks since Mr. Redford’s passing, who just want to be part of this year’s festival.” https://t.co/1V8d7tZguB

[FORTUNE @FortuneMagazine]

Belief, Vaughan discovered, is a hard thing to manufacture. “In those early days, we did get resistance, we got flat-out, ‘Yeah, I’m not going to do this’ resistance. And so we said goodbye to those people.” https://t.co/uCWEN0cP0Z

[Nairametrics @Nairametrics]

InfraCredit reports N1.8 billion profit in the first Q1 2025, down 95% YoY  https://t.co/snyCjpXm1i

[InnoMines Limited @InnoMines]

A new month, a fresh week but the same unwavering mission: delivering premium,carefully-sourced minerals & agri-commodities with integrity and excellence. Let’s grow together this season.

Contact us:
🌐: https://t.co/cTUpeyxgF6
🌐: https://t.co/RlVAGSyHMD
📧: [email protected]

[InnoMines Limited @InnoMines]

Questions:
What metrics would be used to determine the minimum 30% value addition. Who will determine and give approval for the export to proceed?
What study has been done to determine the local processing capacity for each category of primary products currently being exported?

[Nairametrics @Nairametrics]

CPPE rejects raw materials bill, warns it could harm Nigeria’s exporters, manufacturers  https://t.co/bSIKOGvK10