NCDMB to Boost Innovation in Oil Industry

The Nigerian Content Development and Monitoring Board has said it will continue to boost innovation as part of efforts to address local problems in the Nigerian oil and gas industry. The NCDMB said the five winning innovators in the Nigerian Oil and Gas Technology Hackathon would get sustained institutional and financial support from it and other industry stakeholders to enable ...

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Local Content: NCDMB Retains $6.4 Billion of Industry Yearly Spend

Notwithstanding the challenges in the global oil and gas industry, the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote, has stated that the agency has retained the $6.4 billion of yearly spend as a result of Local Content Act implementation. The value represents 32 per cent value retention of the $20 billion yearly spend in the oil ...

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FG Excludes Foreign Firms from Contracts Below N5 Billion

The Federal Government on Tuesday declared that contracts not above N5bn would no longer be awarded to any foreign firms in the country. It said the decision was part of a way of patronising the indigenous firms in line with the planned local content laws in the country. The Minister of State, Works and Housing, Abubakar Aliyu, stated this at ...

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IOCs NCDMB and NLNG Kick Against Proposed Increase on Local Content Fund

……by Musa Ibrahim……. International Oil Companies (IOCs), Nigerian Content Development and Monitoring Board, (NCDMB) and key organisations in the oil and gas industry, have kicked against increasing the percentage of the Nigerian Content Development Fund, NCDF, from the current one per cent to two per cent as proposed in the amendment of the Nigerian Oil and Gas Industry Content Development, ...

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Total and PCN Line Pipe Coating Project Receives Commendable by NCDMB

…..by Musa Ibrahim…….. The line pipe coating project between Total Exploration and Production Nigeria (TEPNG) and Pipe Coaters Nigeria Limited (PCN) has received commendation from the Nigerian Content Development and Monitoring Board, (NCDMB). NCDMB gave the commended yesterday to both companies for working together to reinforce the commitment for local Content at PCN’s facility in Onne Free Trade Zone, River ...

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