The Nigerian Content Development and Monitoring Board, NCDMB, has said it will soon unveil a programme aimed at supporting no fewer than 100 indigenous companies in the oil and gas industry with funding from the Nigerian Content Development Fund as well as getting jobs for them. This came as the board commended multinational oil giant, […]
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The Federal Government through the Nigerian Content Development and Monitoring Board (NCDMB) has warned the promoters of the new Train 7 plant being implemented by NLNG Limited against any attempt to circumvent the provisions of the Nigerian Oil and Gas Industry Content Development (NOGCD) Act of 2010 in the $7 billion project. The Shell-run company […]
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The Nigerian Content Development and Monitoring Board and the Indigenous Petroleum Producers Group have signed a Service Level Agreement to drive local content implementation and simplify the procurement and tendering processes for oil and gas projects. The SLA, according to the NCDMB, was developed by the two parties in line with the provisions of the […]
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The Minster of State for Petroleum, Dr Ibe Kachikwu, has said that it would be sad if the nation’s refineries are not functional by the end of 2019. According to him, the present administration is committed to ensuring that the importation of petroleum products is curtailed. Kachikwu stated this on Thursday in Ibigwe-Ohaji in Ohaji\Egbema […]
Read More The Nigerian Content Development and Monitoring Board, NCDMB, has called on the Federal Government to revive the two steel plants in Ajaokuta, Kogi State and Aladja, Delta State, saying that it holds the key to local development in the maritime and oil and gas sectors of the nation’s economy. The Executive Secretary of NCDMB, Engineer […]
Read More The Nigerian Content Development and Monitoring Board has said it would like to see more oil and gas firms in the country list on the Nigerian Stock Exchange. The Executive Secretary, NCDMB, Mr Simbi Wabote, said on Tuesday that this would be a game-changer in the operating model of “our oil and gas industry as […]
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The Federal Government received $2.68 billion, about ₦817.4 billion, from Total, Chevron and China National Offshore Oil Company, CNOOC, in 2017, according to documents obtained from the Canadian government. The companies presented the information under Canada’s extractive industry law which required extractive entities active in Canada to publicly disclose, on an annual basis, specific payments […]
Read More The Federal Executive Council on Wednesday approved the sum of ₦17 billion for the installation of mechanism under the Petroleum Equalisation Fund to monitor fuel distribution and eliminate subsidy fraud. The Minister of State for Petroleum Resources, Ibe Kachikwu, disclosed this to State House correspondents at the end of the council’s meeting presided over by […]
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The Nigeria’s Vice President Yemi Osinbajo, and the Executive Secretary of the Nigerian Content Development and Monitoring Board, Mr Simbi Wabote, have extended efforts to woo investors to the nation’s oil and gas industry. The NCDMB said in a statement that Osinbajo, Wabote and other top Federal Government officials were at the Silicon Valley, California, […]
Read More The Nigerian Content Development and Monitoring Board (NCDMB) and members of the Oil Producers Trade Section (OPTS), the umbrella body of international oil companies (IOCs) and some indigenous operating oil companies have signed a Service Level Agreement (SLA) aimed at shortening the protracted contracting cycle, which unduly delays take-off and completion of projects and leads […]
Read More The Federal Government has disclosed that it has concluded arrangement to establish five oil and gas parks in five oil producing states. Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, stated this at the weekend while performing the ground-breaking of the Nigerian Oil and Gas Park being developed by the Nigerian Content Development and […]
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The Minister of State, Petroleum Resources, Dr Ibe Kachikwu, yesterday disclosed that a major restructuring exercise that will affect all the parastatals under his Ministry was underway. The Minister, who stated this on Monday in a podcast message where he reeled out government’s future plans for the petroleum sector, emphasised the need to heal some […]
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