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Nigeria still in top 5 riskiest African business environments in 2023
Sopuruchi Onwuka Nigeria is the fourth riskiest country for foreign direct investments in the year, according to analytics by Insider Monkey, an investment advisory company which provides business intelligence for multinational companies that are listed in major global equity bourses….
Inflation battles economic gains in Q3 as Naira dips
Sopuruchi Onwuka Inflation neutralizes key economic gains of the new Tinubu administration of the federal government following the key blunders of Naira devaluation and withdrawal of fuel subsidy which marked entry of President Tinubu’s government. According to statistics which compared…
NCDMB says IOC divestments endorse indigenous capacity
Sopuruchi Onwuka The prevailing divestment of marginal and brownfield petroleum assets by the international oil companies in the country is a prime testimonial on the rapid indigenous capacity development for operations in the industry. Executive Secretary of the Nigerian Content…
MMNL leads Africa’s manufacturing excellence with Star Plus battery
Sopuruchi Onwuka A local manufacturing company domiciled in Lagos, Nigeria, has been determined the standard bearer in Africa’s manufacturing industry, projecting the Star Plus inverter battery as a global factor in new energy solutions. The development comes as the Nigerian…
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…
