Nigeria boosts refining capacity with new 5,000bpd refinery
Nigeria’s quest to refine its white products got a lift yesterday, as President Muhammadu Buhari, inaugurated a 5,000 barrel per day (bpd) refinery, and the groundbreaking for another 45,000 refineries expected to be completed within two years.
NCDMB, EFCC, others to collaborate on local content enforcement
Federal Government agencies including the Nigerian Content Development and Monitoring Board (NCDMB), Economic and Financial Crimes Commission (EFCC), Independent Corrupt Practices Commission
NCDMB, PETAN, others oppose increment of content fund to 2%
The Nigerian Content Development and Monitoring Board (NCDMB), Petroleum Technology Association of Nigeria (PETAN), Petroleum Contractors Trade Section (PCTS), Oil Producers Trade Section (OPTS), and the Nigeria LNG Ltd. have cautioned against increasing the percentage of the Nigerian Content Development Fund (NCDF) from the current one percent to two percent. The increase to two percent…
Shell gas to boost industrialisation in Oyo
Shell Nigeria Gas (SNG), will facilitate domestic gas infrastructure development in Oyo, following the signing of a Memorandum of Understanding (MoU), with the state government last week.
$10million threading, valve assembly project to aid import substitution
In efforts to deepen local content development in Nigeria, and conserve foreign exchange (forex), a $10million threading and valve assembly facility is being set up at the Lekki Free Trade Zone (LFTZ), by Bell Oil and Gas.
Buhari renews appointments of CEOs of PTDF, PEF, NCDMB
President Muhammadu Buhari has renewed the appointment of Dr Bello Aliyu Gusau as the Executive Secretary of Petroleum Technology Development Fund (PTDF) and Ahmed Bobboi as the Executive Secretary/Chief Executive Officer of Petroleum Equalization Fund (PEF).
The Paradise Abuja, NCDMB partner FGDC for World Corporate Golf Challenge
As preparations gathers momentum for the 2020 World Corporate Golf Challenge 2020 organised by Falcon Golf Development Company (FGDC), an Abuja-based property giant...
Consolidating gains of one decade of local content development
Before the enactment of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act 2010, also known as the Nigerian Content Act, most operations in the nation’s oil and gas space were executed by International Oil Companies (IOCs).
‘Why Senate may remove DPR from 2021 budget’
Nigeria has, over the last three years, generated more than N5.4 trillion into the federation account from oil and gas royalties, signature bonuses...
NCDMB targets 70% local content of manpower in oil industry
The 10 years’ strategic roadmap embarked upon since 2018, is on course to achieving 70 per cent Nigerian manpower content level in the Nigerian oil and gas sector, the Executive Secretary, Nigeria Content Development and Monitoring Board
Buhari, stakeholders seek local content, infrastructure expansion
President Muhammadu Buhari and other stakeholders in the oil and gas sector, yesterday, reiterated the need to expand local content development in Nigeria across sectors, as part of measures to address unemployment, poverty, and help the country become self-reliant. Speaking at the virtual launch of the 17-storey Nigerian Content Tower, which was built with almost…