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Tag: NCDMB

Business

NCDMB strengthens certification to curb fraudulent operators

The Executive Secretary of the Nigerian Content Development and Monitoring Board, Felix Ogbe, on Tuesday announced that the Board has strengthened its certification process to prevent middlemen and unscrupulous operators from obtaining Nigerian Content compliance documents. Addressing the Practical Nigerian Content Forum in Yenagoa, Bayelsa State, Ogbe said the measure is in line with the […]

Business

NCDMB unveils Nigerian content equity fund

The Federal Government, through the Nigerian Content Development and Monitoring Board, has announced plans to launch the Nigerian Content Equity Fund. According to the board, the fund will provide long-term risk capital to Nigerian oil and gas companies operating in high-value, high-impact segments of the industry. This was disclosed on Thursday at the NCDMB Towers […]

Business

NCDMB, NEXIM disburse $42m to support SMEs’ oil, gas growth

The Nigerian Content Development and Monitoring Board, in partnership with the Nigerian Export-Import Bank, has disbursed about $42 million to Small and Medium Enterprises to strengthen local participation in Nigeria’s oil and gas industry. Speaking at the NCDMB Stakeholders’ Sensitisation and Engagement Forum in Port Harcourt, Rivers State, on Wednesday, the Head of Specialised Business […]

Local oil and gas operators increased from 53 in 2018 to 114 in 2023 - NCDMB
Business

Nigeria finalizes first policy to boost local oil content

The Nigerian Content Development and Monitoring Board has announced it is finalising the Nigeria First Procurement Policy, a new framework aimed at strengthening local content participation across the oil and gas value chain and promoting national energy sufficiency. Speaking at the 24th Nigerian Oil and Gas Energy Week in Abuja on Monday, NCDMB Executive Secretary, […]

News

NCDMB acquires 20% stake in 100,000bpd Rivers refinery project

The Nigerian Content Development and Monitoring Board has acquired a 20% equity stake in a 100,000 barrels per day refinery project in Rivers State. The project is being developed by African Refinery Group Ltd in collaboration with the Nigerian National Petroleum Company Ltd. This was disclosed by NCDMB via its official X account (formerly Twitter). […]

News

NCDMB commits N15bn to support local contractors

The Nigerian Content Development and Monitoring Board has allocated N15 billion for the revised Community Contractors Financing Scheme. This initiative aims to tackle the persistent challenge of limited funding access faced by local contractors handling oil and gas company projects. This was disclosed by the NCDMB’s Executive Secretary, Felix Ogbe, while delivering his keynote address […]

News

NCDMB, Triple Helix partner to boost research output

The Nigerian Content Development and Monitoring Board in partnership with Triple Helix Nigeria, has announced the inaugural SciBiz Annual Conference 2024. The conference aims to provide a platform for key stakeholders to share ideas, explore collaborative opportunities, and co-create pathways for the commercialization of research outputs in Nigeria. According to NCDMB, this initiative is designed […]

News

NCDMB targets 70% local content in petroleum sector

The Executive Secretary of the Nigerian Content Development and Monitoring Board, Felix Ogbe, has announced that the board targets 70 per cent Nigerian content in the oil and gas sector by 2027. This was disclosed by Ogbe during a visit to the facilities of BEAMCO Nigeria Limited on Tuesday, in Lagos, according to The Punch. […]

NCDMB kickstart house wiring program for youths
News

NCDMB kickstart house wiring program for youths

The sixth batch of the Electric House Wiring Training program has begun, according to the Nigerian Content Development and Monitoring Board. The program’s goals are to improve Nigeria’s electricity infrastructure and promote local capacity building to drive economic growth. BBN reported that, the three-week training started according to a press release by the board at […]

NCDMB, BOI sign new MoU over manufacturing fund
Business

NCDMB, BOI sign new MoU over manufacturing fund

The Nigerian Content Development and Monitoring Board and the Bank of Industry have amended their Memorandum of Understanding for the $50 million NOGaPS Manufacturing Fund. The Punch reported that NCDMB established the fund, which is domiciled at BoI, to encourage oil and gas equipment manufacturers to the Nigerian Oil and Gas Parks Scheme. The fund’s goal […]

NCDMB kickstart house wiring program for youths
Oil and Gas

Bayelsa court permits NCDMB to collect 1% NCDF levy

The Federal High Court in Yenagoa, Bayelsa State, delivered an important ruling on Tuesday confirming the authority of the Nigerian Content Development and Monitoring Board to collect the one percent Nigerian Content Development Fund levy from every contract awarded in the Nigerian oil and gas upstream transaction. According to The News Agency of Nigeria, this […]

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