You are here
Home > NCDMB

Local companies now bid for crude oil term contracts – NNPC

The Nigerian National Petroleum Corporation, NNPC, and the Nigerian Content Development and Monitoring Board, NCDMB, yesterday, committed to growing local content in the oil and gas industry from the current 40 per cent to 70 per cent by 2027 as part of strategies to sustain economic development in country.
Continue reading Local companies now bid for crude oil term contracts – NNPC at Vanguard News Nigeria. …

N6.2bn revenue loss: NCDMB to review offshore rig, vessel acquisition strategy

N6.2bn revenue loss: NCDMB to review offshore rig, vessel acquisition strategy

Adewale Sanyaolu, Yenagoa The Nigerian Content Development and Monitoring Board (NCDMB) has announced plans to finalise the review of offshore rig acquisition and vessel strategy. Its Executive Secretary, Mr. Simbi Wabote, disclosed this at the 8th edition of the Practical Nigerian Content (PNC) with the theme, ‘‘Local Content: Driving Economic Development and Sustainability Forward”, in […]
The post N6.2bn revenue loss: NCDMB to review offshore rig, vessel acquisition strategy appeared first on The Sun Nigeria. …

NNPC, oil companies owe Nigeria $22.06bn – NEITI

NNPC, oil companies owe Nigeria $22.06bn – NEITI

Another loss from NNPC was $723,285,929.70 from Offshore Processing Arrangement (OPA) and crude for product swap arrangement. Uche Usim, Abuja The Nigerian National Petroleum Corporation (NNPC), the Nigerian Petroleum Development Company (NPDC) and other oil companies operating in the country are yet to remit $22.06 (dollar component) and N481.75 billion (naira component) into the federation […]
The post NNPC, oil companies owe Nigeria $22.06bn – NEITI appeared first on The Sun Nigeria. …

Defaulters of local content law to lose 5% on contract sum

Defaulters of local content law to lose 5% on contract sum

The NCDMB boss announced plans to partner DPRP on the effective implementation of the Local Content Act. Adewale Sanyaolu Henceforth, defaulters of the local content law in the nation’s oil and gas industry are to lose five per cent on total contract sum, Executive Secretary, Nigerian Content Development and Monitoring Board, Engr. Simbi Wabote, has warned. READ ALSO: 16m […]
The post Defaulters of local content law to lose 5% on contract sum appeared first on The Sun Nigeria. …

$200m NCI Fund: How amended guidelines’ll boost indigenous capacity

$200m NCI Fund: How amended guidelines’ll boost indigenous capacity

Adewale Sanyaolu Prior to now, indigenous operators and oil servicing companies represented by the Petroleum Technology Association of Nigeria (PETAN) and the Independent Petroleum Producers Group (IPPG) have often lamented the cumbersome nature and difficulty associated with accessing the NCI Fund. Regrettably, the lack of funding support for local operators responsible for the paltry five […]
The post $200m NCI Fund: How amended guidelines’ll boost indigenous capacity appeared first on The Sun Nigeria. …

‘Conditions for accessing $200m NCI fund now flexible’ ― NCDMB, BoI

Oil Minister in Closed-Door Meeting With President Buhari

THE Nigerian Content Development and Monitoring Board (NCDMB) and the Bank of Industry (BOI) said they have relaxed some of the conditions for accessing the $200 million Nigerian Content Intervention Fund (NCI Fund) by qualified […]
The post ‘Conditions for accessing $200m NCI fund now flexible’ ― NCDMB, BoI appeared first on Tribune. …

Top