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,...
NCDMB, PETAN Seal $30m Working Capital Scheme Pact
The Nigerian Content Development and Monitoring Board (NCDMB) and the Petroleum Technology Association of Nigeria (PETAN) on Monday signed an agreement on US$30m Working Capital Scheme that will support the operations of oil companies against the adverse...
Local Content Act: NCDMB Retains $6.4bn Of Industry Annual 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...
