Business Hilights

Tracking Nigeria's Headline Business News Online

Nigerian Content Development Monitoring Board (NCDMB)

Waltersmith Modular Refinery set to meet scheduled deadline in 2020

Logistics have been put in place to flag off phase one of the modular refinery and the ground breaking ceremony of the phase two is expected to hold in May 2020. The Waltersmith project has already reached 90 percent completion;…

Another look at Chevron’s success story on Nigerian content development

Earlier to the enactment of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act in 2010, only a few International Oil Companies (IOCs) had deliberately put in place policies to build, enhance and sustain the capacity of indigenous companies…

Maritime stakeholders’ chide NIMASA on release of industry forecast for 2018

Just as the Nigerian Maritime Administration and Safety Agency (NIMASA) has hinted its readiness to release the empirical forecast that will determine the outlook of the maritime industry in Nigeria by the first quarter of 2018, stakeholders have expressed worry…

How NCDMB plans to reverse Nigeria’s loss of $380bn in oil industry

The Executive Secretary and Chief Executive Officer of the Nigerian Content Development Monitoring Board (NCDMB), Simbi Kesiye Wabote, has given a new roadmap on his agency will change the narrative in the national loss of estimated $380 billion in 50…