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Nigerian Content Fund exceeds $500m
Sopuruchi Onwuka The Nigerian Content Intervention (NCI) Fund has exceeded half a billion dollars, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote has said. He spoke recently at the Sub-Saharan African International Petroleum…
NCDMB, ITF train 100 youths
Sopuruchi Onwuka Hundred Nigerian youths have commenced training in the vocational skills programme sponsored by the Nigerian Content Development and Monitoring Board (NCDMB) and facilitated by the Industrial Training Fund (ITF). The training covers eight skills areas, and they include…
NCDMB maps 50m Fund for oil industry manufacturing
Commissions ultra-modern valve assembling plant Sopuruchi Onwuka He disclosed that the NOGAPS Manufacturing fund will soon be launched and will be managed by the Bank of Industry (BoI) to address the identified challenges. The Nigerian Content Development and Monitoring Board…
NCDMB set to host Africa Local Content Investment Forum
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has announced plans to host the Africa Local Content Investment Forum (ALCIF) next week. The event slated to hold at Eko Hotels and Suits in Lagos will provide a platform…
NCDMB dismisses pejury allegation against Wabote as charade
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board has dismissed allegations of perjury against its Executive Secretary, Engr Simbi Wabote, as disingenuous and diversionary tactic to stampede into dropping his suit challenging allegations that he operates a foreign account….
Defamation: Oil industry group demands justice for Wabote
Sopuruchi Onwuka An association of indigenous petroleum players in the country have risen in support of the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr Simbi Wabote, in his demand for justice over defamatory publication by…
Ampo Poyam partners NMT for African operations
Sopuruchi Onwuka Nigerian Machine Tools (NMT) Limited may have become early runners in the diversification of Nigerian Content policy across key sectors of the Nigerian economy as it strikes a major partnership deal with Spanish equipment component producer, Ampo Poyam…
Nigerian oil industry spends $20.4bn on local fabrication, engineering
NCDMB raises Nigerian Content to 42% The Nigerian Oil and Gas Industry spent approximately $20.4billion between 2016 and 2020, particularly in key areas such as Engineering, Procurement, Fabrication, Project Management, and Services. Executive Secretary, Nigerian Content Development and Monitoring Board…
PIA: IOCs plan $60 bn FID on 6 deepwater projects
Sopuruchi Onwuka International oil companies that hold substantial reserves in the Nigerian deepwater basin will ink landmark final investment decisions (FIDs) on six offshore oil and gas developments by next year, ending over 12 years of activity lull in the…
NCDMB disburses $350m from $300m NCI Fund
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has disbursed significant $350 million or N157.5 billion to various oil service and community contractors involved in providing goods and services to the petroleum industry. The disbursed fund amounting to…
