NCDMB, NEXIM Release N62bn to Boost Oil & Gas SMEs   As part of the measures to empower Nigeria’s oil and gas services sector, the Nigerian Content Development and Monitoriong Board (NCDMB), and Nigerian Export Import Bank (NEXIM) have disbursed about $42 million (about N62bn) to...

Nigerian Companies Set to Play Bigger Role in Oil Industry – NCDMB   The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB) Felix Ogbe, has urged leading Nigerian oil and gas service providers to channel their expertise into the deepwater segment of the...

NCDMB Approves Over 440 Expatriate Slots in Oil Sector   The Nigerian Content Development and Monitoring Board (NCDMB) has approved the requests of no fewer than 448 foreigners to work and earn a living in the oil and gas sector, even as the Federal Government pushes...

FG Demands Proof of Local Content Remittance from Oil Firms The Federal Government has directed upstream oil and gas operators to secure compliance certificates confirming their one per cent remittance to the Nigerian Content Development Fund. The Nigerian Content Development and Monitoring Board, an agency of...

FG Halts Importation of Oil Pipelines   The Federal Government has announced a ban on the importation of oil pipelines into Nigeria. The Minister of Petroleum Resources (Oil), Heineken Lokpobiri, stated this on Thursday during the launch of Monarch Alloys 33LPE and concrete weight coating facility in...

Petroleum Sector Local Content Rises 56% – NCDMB The Nigerian Content Development and Monitoring Board, on Wednesday, announced that local content in the petroleum industry has now reached 56 per cent, with ongoing reviews likely to further enhance this figure. The NCDMB Executive Secretary, Felix Ogbe...