The Nigerian Content Development and Monitoring Board (NCDMB), African Petroleum Producers’ Organization (APPO), and Africa Export-Import Bank (AFREXIMBank) have outlined new and sustainable models of funding oil and gas investments in Africa, using resources drawn from the continent and de-emphasizing international financiers. The new pathways were some of the key outcomes of the African Local […]

Key stakeholders of the oil and gas industry have commended the Nigerian Content Development and Monitoring Board (NCDMB) for catalyzing the development of critical oil and gas facilities, including Bunorr Integrated Energy Limited which would produce lube oil and other lubricants in-country. The stakeholders gave their commendations when they toured the base oil manufacturing plant […]

The Nigerian Content Development and Monitoring Board (NCDMB) and the authorities of the Senegalese Petroleum Industry agreed on Tuesday to sign a Memorandum of Understanding (MoU) to guide Nigeria’s support for the development of Local Content in Senegal.  This agreement was reached during a meeting in Lagos between the Executive Secretary, Engr. Simbi Kesiye Wabote […]

The Nigerian Content Development and Monitoring Board (NCDMB) has secured approval to work with select partners to produce Liquified Petroleum Gas (cooking gas) that would meet 10 percent of current nationwide demand. The Executive Secretary of the NCDMB, Engr. Simbi Kesiye Wabote announced this while speaking at the 2022 Nigerian International Energy Summit (NIES), which […]