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Tag: NCDMB

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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). […]

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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 […]

NCDMB collaborates with female engineers on STEM education for girls
News

NCDMB collaborates with female engineers on STEM education for girls

In order to promote STEM curricula in secondary schools across the nation, with a focus on girls, the Nigerian Content Development and Monitoring Board has teamed up with the Association of Professional Women Engineers of Nigeria. The association and St. Jude’s Girls Secondary School in Yenagoa, Bayelsa State, recently partnered to start the “STEMitout4girls” campaign, […]