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Nigerian Oil and Gas Industry Content Development Act
The Senate has commenced amendment of the Nigerian Oil and Gas Industry Content Development Act 2010, following the consideration of a bill seeking to boost local content and strengthen the nation’s economy.
Ongoing forensic audit of statutory remittances by oil and gas companies into the Nigerian Content Development Fund (NCDF) will end on November 30, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote, has said.
Hope has rekindled for the actualisation of the Train 7 of the Nigerian LNG Limited as the federal government and the shareholders of the gas-processing and liquefaction company will today in Abuja, sign the Nigerian Content Plan (NCP) worth $1 billion for the project, which has been on the drawing board for 12 years.
The federal government has solicited the support of Nigeria Agip Oil Company (NAOC) in its current remediation (NAOC) efforts in the Niger Delta region, noting that such activities were hamstrung by paucity of funds.
The Nigerian Content Development and Monitoring Board (NCDMB) has debunked the sensational headlines reported in some newspapers last week to the effect that the Board has queried the infrastructural development in the rail sector and delayed passage of the Petroleum Industry Governance Bill (PIGB).
While presenting the petition at the EFCC office in Abuja, the CEO of CODE, Hamzat Lawal, said that the purpose of the petition was to call on the EFCC to investigate the matter and to take the necessary actions so that such an occurrence would not repeat itself.
The Nigerian Content Development and Monitoring Board (NCDMB), has commenced the disbursement of its $200 million Nigerian Content Intervention Fund (NCIF) at eight per cent interest rate to local oil and gas firms.
The Chairman Senate Ad hoc Committee on Local Content, Mr Solomon Adeola, has commended the management of Total Upstream Nigeria Limited on its $16bn (N5.76tn) Egina project in Nigeria.
The Total Upstream Nigeria Limited (TUPNI) $16 billion (N5.76 trillion) Egina Floating Production Storage and Offloading unit (FPSO) project on Wednesday arrived Nigerian shores from South Korea.
The Nigerian Content Development and Monitoring Board (NCDMB) has set a target of $14 billion in-country value retention over the next 10 years for oil and gas supply chain.
The Senate on Tuesday constituted an ad hoc committee to investigate local content elements and cost variations relating to Egina Oil Field and Bonga South-West and ZabZaba projects.
The House of Representatives has resolved to investigate the contracting of vessels by International Oil and Gas companies.
The Corps Marshal, Federal Road Safety Commission (FRSC), Dr Boboye Oyeyemi, says diversion and safety precaution are imminent, owing to the emergency rehabilitation on the third mainland bridge in Lagos.
Former Ekiti State Governor, Ayodele Fayose, has asked security agencies in the country to place suspended acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, on watch list.
The Nigerian Defence Academy (NDA), Comandant Maj.-Gen. Jamil Sarham, reaffirmed the academy’s commitment to turn out the best officers for the Nigerian Armed Forces.
President Muhammadu Buhari is currently presiding over the seventh virtual meeting of the Federal Executive Council (FEC) at the Council Chamber of the Presidential Villa, Abuja.
The chairperson of the Plateau Chapter of the Nigerian Association of Women Journalist (NAWOJ), Jennifer Yarima, has observed that women and girls living in houses without toilet facilities are more at risk of being raped.
Oyo state has recorded it first COVID-19 patient delivery at the Olodo Infectious Disease Centre in Ibadan.
A group of European digital advertising associations on Friday criticized Apple’s plans to require apps to seek additional permission from users before tracking them across other apps and websites.
National Information Technology Development Agency (NITDA) has put numerous efforts in creating an enabling environment for the purpose of cushioning the effect of the pandemic and creating more jobs, the director-general of NITDA, Mallam Kashifu Inuwa has said.
An apostle, Joseph Alhassan, of Faith Agape Church, Narayi Kaduna, Kaduna State, has been arrested for allegedly raping a 16-year-old girl for the past five years.
According to reports from Football Italia, Napoli were supposed to pay €50m fee transfer fee to Lille, plus a huge salary to the 21-year-old striker. His potential arrival would have left the door ajar for Arkadiusz Milik to move elsewhere this summer.