… to unveil updated MoU with Bank of Industry The Nigerian Content Development and Monitoring Board (NCDMB) is planning to increase the funds lent to qualified oil and gas players under the Nigerian Content Intervention Fund (NCI Fund) from $100m to $200m. The Executive Secretary NCDMB, Engr. Simbi Kesiye Wabote stated this during a visit to […]
Impressed by the impact of the Nigerian Content Act on the oil and gas industry, the Nigerian Institute of Architects (NIA) has called for the extension of the policy to the construction industry. The NIA made the call during a visit to the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote […]
…may establish Nigerian Content Bank … says local coys default on remittance of NCDF The Nigerian Oil and Gas industry will between now and year 2027 aspire to domesticate the full capacity and capability required for the integration of Floating Production Storage and Offloading vessels (FPSO), the Executive Secretary of the Nigerian Content Development and […]
-NCDMB warns against single sourcing, selective tendering Compliance with the provisions of the Nigerian Content Act is not only a legal and moral obligation for operating and servicing oil and gas companies but also a good strategy for improving profitability and sustainability of operations, the Managing Director of ExxonMobil Nigeria, Mr. Paul McGrath has said. […]
Community contractors in the oil and gas industry will only pay five percent interest rate when they access the Nigerian Content Intervention Fund (NCI Fund), the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote has said. He stated this at the interactive session the Board organised recently in Abuja for civil […]
The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote has commended the airport project being undertaken by the Bayelsa State Government, describing it as a key infrastructure that will attract oil and gas investments to the state. The Executive Secretary stated this after he inspected the airport site at Amasoma, Southern-Ijaw […]
Dorman Long Engineering limited, an indigenous oil and gas servicing company with competencies in fabrication, EPC, asset management, procurement and logistics has trained 39 young persons in Non-Destructive Testing (NDT) and 39 others as Project Management Professionals. The trainings were sponsored by Hyundai Heavy Industry (HHI) as remediation for violating the provisions of the Nigerian […]