Wabote Says Nigerian Refinery Produced 170m Litres Of Petroleum In 2023   The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote, has said that the painstaking implementation of the Nigerian Oil and Gas Industry Content Development Act (NOGIC) Act 2010...

FG Issues Insurance guideline to Retain Oil Sector Spending - NCDMB The Federal Government has issued and developed an insurance guideline to encourage the retention of oil sector financial spending in Nigeria and help reverse capital flight. Speaking on the topic, “Strengthening Nigerian Content Implementation with...

Sanctions to be Imposed on Oil Companies Over law Violation - FG The Federal Government says it will sanction oil and gas companies that do not comply with the Human Capacity Development provisions contained in the Nigerian Oil and Gas Industry Content Development Act. The Executive...

Our Refinery'll Promote Competition Of Local Refining In Africa - Dangote   The coming on stream of the 650,000 barrels-per-day Dangote Petroleum Refinery will promote competition of local refining in Africa by encouraging existing large refineries to upscale, which would result in surplus products for exports. Aliko...

Crude Oil: FG projects $289bn Local Refining in Five Years The Federal Government has revealed that it is targeting local refining of over 2.555 billion barrels of crude oil worth over N120trn in the next five years. According to a report by Punch, the Executive Secretary...

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...