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Samsung has transformed Nigeria into FPSO construction hub – NCDMB

Samsung has transformed Nigeria into FPSO construction hub – NCDMB

Korean shipbuilding giant, Samsung Heavy Industries (SHI) has transformed Nigeria into a hub for fabrication and integration of Floating Production Storage Offloading (FPSO) unit in Africa, the Nigerian Content Development and Monitoring Board (NCDMB) has declared. Speaking to reporters in Lagos on the local content milestones in the oil and gas industry, Executive Secretary of […] …

WAV, STG settle years of rift, sign settlement agreement

WAV, STG settle years of rift, sign settlement agreement

…NCDMB, NAPIMS mediate   Sea Trucks Group Limited (STG) a British Virgin Island company and West African Ventures Limited (WAV), a 100% Nigerian company were engaged in a protracted commercial dispute. This resulted in several court and arbitration actions in Nigeria and outside Nigeria. However, the Nigerian Content Development and Monitoring Board (NCDMB) and the […] …

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. …

Senate panel commends Local Content Board on HQ construction

Senate panel commends Local Content Board on HQ construction

Senate Committee on Local Content has commended the Nigeria Content Development Monitoring Board (NCDMB) for the ongoing 17-storey headquarters building at Yenegoa, Bayelsa State. Making the commendation during the committee oversight visit to the temporary office of NCDMB, in Yenegoa, Senator Solomon Adeola, (APC, Lagos West), the chairman of the Senate Committee, described it as […]
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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 […]
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NCDMB, LCCI charge SMEs to look inwards

NCDMB, LCCI charge SMEs to look inwards

Ayo Alonge and Uche Henry As part of the need to grow Small and Medium Scale Enterprises (SMEs) in the country, the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote, has advocated the importance of utilising Nigeria’s local content elements in every enterprising initiatives by entreprenuers. According to him, no endeavour can […]
The post NCDMB, LCCI charge SMEs to look inwards appeared first on The Sun News. …

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