Local Content

Samsung eyes future opportunities in Nigeria following Egina FPSO project

Jan 8, 2019

With the successful completion of the Egina Floating Production Storage Offloading (FPSO) unit and the achievement of First Oil in the facility, Samsung Heavy Industries, together with partners, could be justified in spending time looking back with pride. According to a statement by the company at the weekend, the completion of the largest floating oil…

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Nigeria is the only producer of high-voltage cables in West Africa – Coleman MD

Dec 28, 2018

In the whole of West Africa, Nigeria is the only producer of high-voltage cables and the sixth country to adopt the technology in the Africa. The Managing Director, Coleman Wires and Cables Limited, George Onafowokan, said this in an interview on Wednesday. He attributed its growth in the sector to many factors, including: strategic planning,…

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NCDMB to support Benin Industrial Park project

Dec 25, 2018

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Mr. Simbi Wabote, has thrown his weight behind the Benin Industrial and Enterprise Park (BIEP). He said the agency was concluding arrangements on investments from oil and gas firms to be hosted at the Park. He made this known when Governor Godwin Obaseki…

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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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