NNPC, IOCs, Others Sign MoU To Reduce Contracting Cycle The Nigerian Content Development and Monitoring Board (NCDMB) has signed a Memorandum of Understanding (MoU) cum Service Level Agreement (SLA) with the Nigerian National Petroleum Company Ltd (NNPCL) and five international oil-producing companies to optimise the...

NCDMB Unveils N7bn Pipe Manufacturing Plant in Bayelsa The Nigerian Content Development and Monitoring Board has launched a N7bn pipe manufacturing plant at Polaku, Bayelsa State. The Executive Secretary of NCDMB, Engr Simbi Wabote, performed the groundbreaking ceremony, noting that the plant would manufacture Glass Reinforced...

53 Local Oil Firms Get N124bn NCDMB Loans For Development   At least 53 local oil service firms have accessed the $300 million Nigerian Content Development Fund (NCDF) between 2018 and this year, the Nigerian Content Development Management Board (NCDMB), has said. The general manager of the...

NCDMB, NEXIM Raise $40m Fund For Women In Oil Sector     Qualified women entrepreneurs in the Nigerian oil and gas industry can now benefit from the $40m Women in Oil and Gas Intervention Fund deployed by the Nigerian Content Development and Monitoring Board and Nigerian Export-Import...

NCDMB, NEXIM Sign $30m MoU On Oil Sector Retrenchments       In a bid to curb oil sector retrenchments in Nigeria, the Nigerian Content Development Monitoring Board and the Nigerian Export-Import Bank on Wednesday signed a $30m working capital and capacity building fund to support oil and...

$100m Lost As NNPC Gives Bunkering Service To Foreigners - SOAN       Shipowners Association of Nigeria (SOAN) has said that $100 million is lost to capital flight as the Nigerian National Petroleum Corporation (NNPC) recently contracted coastal and bunkering vessel services to a foreign shipping company,...