NCDMB Hails Otti on Industrial Park, Speaks on Low-Cost Manufacturing
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote, has commended Abia State Governor Dr. Alex Otti for the decision of his Administration to establish the Abia Industrial Innovation Park (AIIP), Owaza, in…
National Gas Expansion Program (NGEP) key enabler to the diversification—FG
The Honourable Minister of State, Petroleum Resources, His Excellency, Chief Timipre Sylva, has described the National Gas Expansion Program (NGEP) as key enabler to the diversification and growth of Nigeria’s broader economy. Speaking at the Third (3rd) Quarter 2020 Ministry…
Maritime pundits seek probe into LADOL’s investment grants by CBN, BoI, etc
Worried by scanty presence of investments when compared with the volume of grants and funds already pumped in by several financial institutions including the Central Bank of Nigeria (CBN), Bank of Industry (BoI), and the Nigerian Content Development and Monitoring…
Nigerian content intervention fund jumps to $350m
The Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB) has approved the expansion of the Nigerian Content Intervention Fund from US$200 million to US$350 million. The enlargement of the Fund by US$150 million was part of the…
NCDMB, Shell seal fresh deal on Gas Facility at Polaku, targets 30,000 jobs
As part of its capacity expansion drive, the Nigerian Content Development and Monitoring Board (NCDMB) has signed an agreement with Shell Nigeria Gas (SNG) for the lease of one hectare of NCDMB’s land at Polaku, Bayelsa State, for the development…
Location of Brass Island ideal for oil & gas investors—FG
The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Mr Simbi Wabote, has revealed that the natural location of Brass Island in Bayelsa State remains the best in comparative advantage for investors in oil and gas in the country….
FID on Train 7 project just days away— NLNG boss, Attah
The management of the Nigerian Liquefied Natural Gas (NLNG) has told Nigerians and industry stakeholders’ that all is getting set for the Final Investment Decision (FID) on its capacity expansion project, the Train 7 project. Speaking at the ongoing 9th…
5000bpd Waltersmith modular refinery comes on stream July 2020— NCDMB
…Unveils completed 17-storey office complex in Yenagoa Strong indications have emerged showing that by 2020, Nigeria’s crude oil refining capacity may be tripled as a number of refineries would be completed for operations before the end of the year. This…
Dangote’s remark that ‘We would sell products at import price’ a wakeup call—Experts
More development economists have continued to review the meaning of the recent comments by the Group Executive Director, Strategy, Capital Projects and Portfolio Development, Mr Devakumar Edwin, during the first official visit by the new Minister of State for Petroleum…
NCDMB may seek inclusion of power, ICT, others in local content policy
Considering what it may wish to tag success rate in the oil and gas sector, the leadership of the Nigerian Content Development and Monitoring Board (NCDMB), may approach the National Assembly to seek amendments that will bring in more sectors….
