Local Content

NCDMB, PETAN call for better collaboration in Nigeria’s oil, gas sector

Jan 25, 2019

Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote, has called for better collaboration among players in the Nigerian oil and gas industry.He also canvassed similar measures among indigenous oil companies and at the regional level, as a means of sustaining the industry in the sub-Saharan Africa. Wabote made the call at the…

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Samsung says it has invested $400m in Nigeria’s oil, gas sector

Jan 23, 2019

Global shipbuilding giant, Samsung Heavy Industries (SHI) has committed over $400 million as tax revenue and investment in Nigeria’s oil and gas sector since the company was awarded the contract to build the Floating Production Storage Offloading (FPSO) unit for the 200,000 barrels of crude oil per day Egina deepwater field. The company contributed $100…

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Nigeria’s maritime industry spent $3.047bn on marine vessels in 4 years – NCDMB

Jan 21, 2019

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote, has called on stakeholders in the maritime industry to take advantage of the opportunities in the sector, saying the amount operators spent on marine vessels was $3.047 billion (N1.096 trillion) over the period 2014-2018. Speaking at the 4th All Nigerian Ship…

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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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