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Local content: 235 Vessels Built in Nigeria

The 2016 3rd quarter Vessel Categorisation Report indicated that about 235 vessels operating in the oil and gas industry were built in the country. The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Mr Simbi Wabote, told NAN in Lagos that the development was...

NIMASA Partners NCDMB on Local Content Development

In continuation of its drive for the growth and development of the maritime industry, the Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside has inaugurated an inter-agency committee on local content development. Dr. Dakuku Peterside stated that the vision...

NCDMB to Introduce Timelines Approvals for Contract Cycle

Review of tenders and other approvals by the Nigerian Content Development and Monitoring Board (NCDMB) will now be executed on strict timelines as part of new measures to shorten the protracted contracting cycle in the oil and gas industry and revitalise the implementation of...

NCDMB, BoI Create $100m Fund for Oil Operators

In a bid to boost access to the $600m Nigerian Content Development Fund, the Nigerian Content Development and Monitoring Board and the Bank of Industry have launched a new fund for oil industry operators. The NCDMB described the $100m Nigerian Content Intervention Fund as a...