The Nigerian Content Development and Monitoring Board (NCDMB) and the National Insurance Commission (NAICOM), have commenced moves to review and operationalize the insurance services regulations jointly issued by both agencies in June 2022, with a view to encouraging oil and gas operators in the country to patronize local insurance firms. The Executive Secretary of NCDMB, […]
The Nigerian Content Development and Monitoring Board (NCDMB) has commissioned Amal Technologies Gas Leak Detection Device and Printed Circuit Board Manufacturing Facility at Idu, Abuja, in furtherance of its sustained efforts to tackle the growing oil leakages and thefts in the hydrocarbon resources industry in the country. In his remarks at the ceremony, the Minister […]
The Nigerian National Petroleum Company Ltd (NNPCL) and the Nigerian Content Development and Monitoring Board (NCDMB) have signed a Memorandum of Understanding (MoU) with the International Oil Companies (IOCs) to reduce contracting cycle to an optimal level of not more than 180 working days. A statement issued by the NNPCL on the pact indicated that […]
The Nigerian Content Development and Monitoring Board (NCDMB) in partnership with Founder Institute (FI) has unveiled its plans to launch new 17 portfolio companies that have been trained in its Technology Incubation and Innovation Centre (TIIC) Information from the Board indicated that the launch of the companies would hold this Thursday at the Nigerian Content […]
The Nigerian Content Development and Monitoring Board (NCDMB) reported that Nigeria had recorded a 54 percent Nigerian content level this year as it continued to champion the implementation of the 10-Year Nigerian Content Strategic Roadmap for enhanced indigenous participation and utilization of local assets in the nation’s oil and gas industry. The Executive Secretary of […]
The Nigerian Content Development and Monitoring Board (NCDMB) and the National Insurance Commission (NAICOM) have jointly presented new insurance services guidelines to stakeholders in the nation’s oil and gas industry. The latest initiative by the agencies is aimed at ensuring that operators use local risk-underwriting firms to cover their risks in the industry. Specifically, the […]
The Vice Chancellor of the Federal University of Petroleum Resources (FUPRE), Warri, Delta State, Prof. Akpofure Rimi-Ruke, has charged Nigerian youths to explore the opportunities in the hydrocarbon resources industry to reduce the rising unemployment rate in the country. He gave this charge on Tuesday while speaking on the topic ‘Virtual Gas Pipelines: A Comparative […]
The Federal Government, through the Industrial Training Fund (ITF) in collaboration with the Nigerian Content Development and Monitoring Board (NCDMB), has kicked-off a joint vocational training programme on skills acquisition. At the kick-off ceremony, which was declared opened by the Minister of State for Industry, Trade and Investment, Amb. Mariam Yalwaji Katagum in Abuja, the […]
The Nigerian Maritime Administration and Safety Agency (NIMASA), has charged oil companies operating in country and other operators on the nation’s waterways to ensure strict compliance with the provisions of the Cabotage Act, saying it will no longer entertain application of any form for waivers under the Act. The agency’s , Director-General, Dr. Dakuku Peterside, […]
The Nigerian Content Development and Monitoring Board (NCDMB) and the Bank of Industry (BOI) have modified the conditions for accessing the US$200 million Nigerian Content Intervention Fund (NCI Fund) with a view to making it easily accessible to qualified oil and gas service companies. The decision was taken by the Board and the bank at […]