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NCDMB initiates 6th industrial park
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has activated processes for development of an industrial park in Ondo State, making it the sixth of such facilities to be established across petroleum industry hubs in Niger Delta. According…
Sylva commissions NCDMB Research Incubation Centre, launches $50m R&D Fund
The Minister of State for Petroleum Resources, Chief Timipre Sylva has commissioned the Technology Incubation and Innovation Center and formally launched the US$50 million Nigerian Content Research and Development Fund, all initiatives of the Nigerian Conten tDevelopment and Monitoring Board…
FG lays frameworks for innovation in petroleum industry
Sopuruchi Onwuka With the global movement for energy transition driving massive divestment of brownfield and medium value assets by multinational oil firms in Nigeria, government have started laying strong foundation for local technical capacity development to position indigenous companies to…
NNPC alters 44 record with N287 bn profit
Sopuruchi Onwuka The Nigerian National Petroleum Corporation (NNPC) has posted a N287 billion profit after tax for 2020, shattering its business performance record in the past 44 year. The figure is contained in the corporation’s Audited Financial Statements (AFS) published…
CNB goes after forex scammers
Sopuruchi Onwuka Central Bank of Nigeria is rising against abuse of its direct sale of foreign currencies to personal and business travelers, directing all banks enlisted in highly guarded release of scarce foreign exchange in the country to expose customers…
NCDMB sells Bayelsa State electricity
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has become the first government institution in the country to generate and commercialize electricity from its office power plant. The local capacity development agency which has been leading innovative commercial…
Solve problems with enterprise, Wabote charges youths
Sopuruchi Onwuka Nigerian Content Development and Monitoring Board (NCDMB) has canvassed development and empowerment policies to harness the nation’s large population of youths in solving the nation’s social and economic challenges. Executive Secretary, Engr. Simbi Wabote, stated at a virtual…
Fuel smuggling: NNPC points at strong lucre pull
Sopuruchi Onwuka The strong pull to make huge and easy profit by selling subsidized Nigerian petrol across neighbouring African countries has made it very difficult to dissuade smugglers from the illegal trade. The Nigerian National Petroleum Corporation (NNPC) declared to…
WTO backs U.S. in solar cell case brought by China
Sopuruchi Onwuka, with agency reports The United States secured a victory at the World Trade Organization on Thursday in a case brought by China over U.S. measures to limit the import of solar panel cells. A three-person WTO panel rejected…
NCDMB hauls N26 bn at local tech innovation
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) is to activate a $50 million or N26 billion fund it mapped out to facilitate innovation in the domestic petroleum industry and wider economy. Roll out of the fund will…
