Local Content

NCDMB releases list of profitable vessels for Nigerian shipowners

Dec 16, 2018

The Nigerian Content Development and Monitoring Board has identified the types of vessels that local operators in the shipping business should purchase that can guarantee good business and return on investment. The Executive Secretary, NCDMB, Simbi Wabote, stated this in Lagos on Tuesday, during the Shipowners Association of Nigeria’s annual workshop and dinner. Speaking at…

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NCDMB to support two new modular refineries, plans LPG investments

Dec 7, 2018

By 2019, the Nigerian Content Development and Monitoring Board (NCDMB), will support the establishment of at least two more modular refineries in Nigeria. It is also planning to participate in the Liquefied Petroleum Gas (LPG) value chain if the conditions precedent, are in place, as well as drive the infrastructural development of the industrial parks,…

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NNPC, NCDMB partner to grow Nigerian content to 70%

Dec 6, 2018

The Nigerian National Petroleum Corporation (NNPC) and the Nigerian Content Development and Monitoring Board (NCDMB) have committed to growing Local Content in the Oil and Gas Industry from the current 40 per cent to 70 per cent by 2027 as part of strategies to sustain economic development in country. NNPC Group Managing Director, Dr. Maikanti…

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NCDMB to strengthen local content with development fund for 100 firms

Dec 5, 2018

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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Local content threatened as oil price hovers at $59 per barrel

Dec 5, 2018

Stakeholders in Nigeria’s oil and gas industry were pleased in October, when crude oil price rose from $70.00 to $85.00 per barrel for a reason. The rise in the price of oil was expected to boost investment, and by extension, local content development in the industry through improved funding of projects. The improved funding was…

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LADOL allegedly sacks another foreign investor from zone

Nov 27, 2018

There are indications that Lagos Deep Offshore Logistics (LADOL) provider of the deep offshore logistics zone has sacked Africoat Nigeria Limited from the zone. This is barely two months after LADOL was reported to have terminated the operating licence of Samsung Heavy Industries Nigeria (SHIN) Limited. It was gathered that this latest development, which will…

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NLNG urges Nigerian firms to participate in $4bn Train 7 project

Nov 23, 2018

Nigeria LNG Limited (NLNG) has called on Nigerian companies to leverage current opportunities in the gas ecosystem by participating in the Train 7 project. The Managing Director and Chief Executive Officer, NLNG), Tony Attah, disclosed this in Port Harcourt yesterday, saying that the company was 100 per cent committed to a Train 7 project that…

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GPPS unveils oil pipeline infrastructure facility in PH

Nov 18, 2018

With local private involvement in the oil and gas sector of the national economy on the rise, Global Process and Pipeline Services (GPPS) Limited, wholly Nigerian Management owned company, is set to unveil its new infrastructure base in Port Harcourt as it broadens its reputation as a frontline oil services company, showcasing Nigerian indigenous capability…

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OGFZA, Eko Support Free Zone sign management pact

Nov 14, 2018

The Oil and Gas Free Zones Authority (OGFZA) and Eko Support Oil & Gas Free Zone have signed a set of agreements to manage the free zone as a public-private partnership and develop its infrastructure base to global standards to attract foreign and domestic investments. Eko Support Oil and Gas Free Zone, based in Apapa…

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Kachikwu, Wabote, Tinubu highlight impact of local content on Nigeria’s oil & gas sector

Nov 13, 2018

The Minister of State for Petroleum, Dr. Ibe Kachikwu; the Executive Secretary of the Nigerian Content Developing and Managing Board (NCDMB), Engr Simbi Wabote and Oando Plc’s Group Chief Executive, Wale Tinubu, have stressed the need for increased investments in Nigeria’s oil and gas sector. The all spoke at the recently concluded 25th edition of…

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