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Ownership of marine vessels by Nigerians hit 40 percent

Following the institution of the Marine Vessel Categorization Scheme with a view to increasing local participation in the marine services sector, the Nigerian Content Development and Monitoring Board, NCDMB, has said that Nigerian ownership of marine vessels currently stands at 40 percent.
The Nigerian Guild of Editors, NGE, yesterday, expressed optimism in the ability of the Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mallam Mele Kyari to steer the corporation to enviable heights.

NNPC: Oil price volatility threatening Nigerian content development

The Nigerian National Petroleum Corporation, NNPC, yesterday, expressed concern that the persisting volatility in the price of crude oil is putting pressure on the local content initiative of the Federal Government.
The Speaker of the House of Representatives, Femi Gbajabiamila, has called for an improved welfare package for teachers in Nigerian as they join their colleagues globally to mark this year’s World Teachers’ Day. 8

House of Reps investigates implementation of NOGICD Act

The House of Representatives has launched an investigation into the implementation of local content in line with the provisions of the Nigerian Oil and Gas Content Development Act (NOGICD) with a view to determining the degree of compliance in the Industry.

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.
ladol free trade zone

Is LADOL truly a Nigerian company?

Even with the signing of the Nigerian Oil and Industry Content Development (NOGICD) Act of 2010, many Nigerian investors still exploit the old loopholes in the system to take advantage of this law.

Senate panel commends NCDMB on HQ construction

Senate Committee on Local Content has commended the Nigeria Content Development Monitoring Board (NCDMB) for the ongoing 17-storey headquarters building at Yenegoa, Bayelsa State.

Senate to investigate NNPC, IOCs’ alleged boycott of Nigeria pipe manufacturer

The Senate Committee on Local Content says the Senate will investigate the alleged non-patronage of a multi-million dollar internationally certified Nigerian pipe manufacturing and coating company, SCC Nigeria Limited, by NIgerian National Petroleum Corporation (NNPC) and International Oil Companies (IOCs).

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.

National Assembly to extend local content law to other sectors of economy

Plans are underway by the National Assembly to extend the local content initiative to other critical sectors of the economy.

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.

Recent Stories

Governor Babagana Zulum on Friday struck a deal with 30 Saudi-based clerics to endlessly pray for the return of peace in the state.

Borno governor visits Kala-Balge, shares N100 millions to 10,000 households

Borno State governor, Professor Babagana Umara Zulum, spent the most part of yesterday in Rann, headquarters of Kala-Balge, Local Government Area, remotely located around a boarder between Nigeria, Cameroon linking to Chadian territory.

Edwin Clark cautions President Buhari over appointment of Justice Bulkachuwa’s successor

Ijaw National leader, Chief Edwin Clark, has urged President Muhammadu Buhari to correct some of his lapses through appointment of successor of the outgoing President of Court of Appeal.
Director of Information, National Assembly Abuja, Rawlings Agada, has said the sum of N37 billion, approved for the renovation of the National assembly complex may not be enough for the work.

Coalition tasks National Assembly on transparent electoral system

A social group, Coalition 2020, has called on the National Assembly to work further on the Electoral Act with a view to ensuring reliable and transparent elections in the country.
Gov. Godwin Obaseki of Edo says his administration is doing a lot from its end to tackle illegal migration to Europe but needs more support from partners.

Governor Obaseki: How we’re winning fight against human trafficking

The Edo State Governor, Mr Godwin Obaseki, has said his administration is making steady progress in the against human trafficking through sustained awareness creation and robust partnership with key stakeholders.
ENUGU — GOVERNOR Ifeanyi Ugwuanyi, last week, advanced the public utility sector with five made-in-Nigeria mini fire fighting trucks to enhance the services being rendered by the Fire Service in Enugu State.

Enugu boosts fire service with five Innoson fighter trucks

Governor Ifeanyi Ugwuanyi, last week, advanced the public utility sector with five made-in-Nigeria mini fire fighting trucks to enhance the services being rendered by the Fire Service in Enugu State.