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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 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 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.
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.
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).
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.
Plans are underway by the National Assembly to extend the local content initiative to other critical sectors of the economy.
The House of Representatives has resolved to investigate the contracting of vessels by International Oil and Gas companies.
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.
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.
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.
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.
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.
The Federal Government has approved new uniform for the Nigerian Correctional Service (NCoS) to reflect its new name.
Everton are still counting their loses over the selling of a prolific star, Ademola Lookman, to a German side, RB Leipzig.
Oluwo of Iwoland, Oba Abdulrosheed Adewale Akanbi, denied the allegation that he beat Agbowu of Ogbaagbaa, Oba Dhikurulahi Olaniran.
Super Eagles full back Shehu Abdullahi is delighted his Club Busarspor secured another important win to boost their chances of a return to the elite division.
The Bishop of Sokoto Catholic Diocese, Bishop Matthew Kukah, on Tuesday, hit President Mohammed Buhari hard.