Skip to content
NCDMB commends Gov Otti on industrial park
Offers tips 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…
NCDMB, Waltersmith train graduates on petroleum industry skills
Sopuruchi Onwuka Venture partners in the Ibigwe Refinery in Imo State are now in partnership to prepare indigenous technical crew that would respond to labour demands in the domestic petroleum industry which is undergoing rapid transformation. The Nigerian Content Development…
NCDMB clears the path to speedy oil projects
Binds NNPC, IOCs in SLAs Sopuruchi Onwuka In a first regulatory audacity of its kind, the Nigerian Content Development and Monitoring Board (NCDMB) has committed the biggest players in the Nigerian petroleum industry to speedy execution of approved projects and…
Essay contest: NCDMB rewards varsity students with cash, digital tools
Sopuruchi Onwuka Three university students weekend received computers and cash as the prizes for winning different categories of the 7th Nigerian Content Annual National Undergraduate Essay Competition, 2023. The winners including the top 10 finalists in the essay competition were…
NNPC, Oil firms owe Nigeria N9.4 trn from 2021 ops
NNPC leads N6.6 trn secret debts; Withheld N2.33 trn from the federation account; Staked Nigeria’s crude oil for N11.5 trn loans Sopuruchi Onwuka Some 47 oil companies operating in Nigeria’s upstream petroleum industry and the Nigerian National Petroleum Company (NNPC)…
NCDMB graduates indigenous underwater divers
Partners Nigerian Navy, MDTI on in-country capacity The Nigerian Content Development and Monitoring Board (NCDMB) has graduated a batch of 20 young Nigerians at the Nigerian Navy Underwater Warfare School, Navy Town, Ojo, Lagos State. The programme held in partnership…
Profligacy: How states squandered the future
Some states cede 30% allocation to creditors Sopuruchi Onwuka Nigeria’s independent resource wealth auditor, the Nigerian Extractive Industries Transparency Initiative (NEITI), has declared that the 36 states of the federation conceded princely N129.6 billion or significant 15.8 percent of statutory…
NAOC Divestment: Time to dismantle transaction clogs
Sopuruchi Onwuka It has become necessary and even urgent for regulators in the industry to evolve a smooth process for implementation of the relevant sections of the Petroleum Industry Act relating to entry and exit of investors in the upstream…
Saudi Aramco targets $50 billion from shares
Saudi Aramco is considering selling a stake worth as much as $50 billion through a secondary share offering on the Riyadh bourse after consultations with advisers, the Wall Street Journal reported. The sale could happen before the end of the…
China to haul $40 bn at chip industry competition
China’s government is working to push massive 300 billion yuan, the equivalent of $41 billion, into its semiconductor sector as the country ramps up efforts to catch up with the U.S. and other rivals. The cash haul to be raised…
