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Nigerian Oil and Gas Industry Content Development Act

The requests contained in three separate letters read at the beginning of plenary on Tuesday by the Senate President, Ahmad Lawan. 3

Senate begins amendment of Nigeria’s local content law to strengthen economy

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.

Forensic audit of NCDF remittances ends soon – NCDMB chief

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.

Federal government, NLNG to sign $1 billion Nigerian content deal on Train 7

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.

Federal government wants Agip to partake in Niger Delta remediation

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.

NCDMB: We didn’t complain over rail infrastructure, PIGB delay

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).

Groups petition Presidency, EFCC concerning loss of 30,000 jobs

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.

NCDMB begins disbursement of $200 million intervention fund to local firms

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.

Senate commends Total’s $16bn investment in Nigeria

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.

N5.76trn Total Upstream Nigeria Egina FPSO berths 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.

Nigerian content board targets $14 billion value retention for oil sector

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.

Senate investigates alleged fraud against Egina oil field over local content

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.

House of Reps to probe oil coys’ level of compliance with local content act

The House of Representatives has resolved to investigate the contracting of vessels by International Oil and Gas companies.

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FRSC alerts motorists on imminent diversion on Lagos 3rd mainland bridge

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.
Ibrahim Magu . EFCC

Former Ekiti governor wants Ibrahim Magu placed on watch list so he won’t flee

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) says it has postponed the screening test for its 72 Regular Course schedule to hold on May 30, adding that a new date will be communicated.

NDA reaffirms commitment to turn out best officers

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.
8. President Muhammadu Buhari presides over the weekly virtual Federal Executive Council (FEC) Meeting, at the Council Chambers, State House, Abuja.

Aviation, education ministries, others make presentations at FEC meeting

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.

NAWOJ: Houses without decent toilet facilities encourage raping of females

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.