By Adewale Sanyaolu with agency reports Following last week’s non-deal road show in the United States of America (USA), U.S. Fund Manager-Pecora Capital, has agreed to raise $2 billion over the next 18 months for Nigerian infrastructure projects. “As a long-term investor, we see a time of crisis as an opportunity, adding that he expects…
By Michael Eboh President Muhammadu Buhari, Tuesday, disclosed that the global competitiveness of Nigerian engineers has reduced drastically due to the absence of an updated engineering curriculum, as well of the absence of critical engineering training infrastructure in institutions of learning nationwide. Speaking at the 27th Engineering Assembly of the Council for the Regulation of…
LONDON (Bloomberg) — After decades of difficulties in Nigeria over crude theft, pollution and oil-related corruption, Royal Dutch Shell Plc still feels optimistic a fossil fuel can improve life in the country. The Anglo-Dutch oil major is seeking to develop Nigeria’s domestic energy market around natural gas. It’s plentiful, harder to steal, better for the…
An energy expert, Mr Bank-Anthony Okoroafor has commended the Federal Government efforts on the Ajaokuta- Kaduna-Kano (AKK) gas pipeline project. Okoroafor in an interview with the News Agency of Nigeria (NAN) on Monday in Abuja said the approval of the project by the Federal Executive Council was a step in the right direction. The project…
Ever since Nigeria Local Content Act was enacted in 2010, it has been monitored by the Nigerian Content Development Monitoring Board (NCDMB), overseen also by the Executive Secretary of the Board. The success story of Nigeria’s local content cannot be overemphasized due to visionary leadership and strategic plans to take it to the next level…
The Group Managing Director, Nigerian National Petroleum Corporation (NNPC) has advocated research and development (R&D), to boost local content initiatives in the country. He said the sector must conduct research in areas such as oil production and exploration, fabrication, building of plants for the use of oil firms and other activities, which require utmost contributions…
The Nigerian Content Development and Monitoring Board (NCDMB) has applauded Halliburton (Landmark) Energy Services Nigeria for partnering with the Government of Akwa Ibom State and Hobark Group of Companies to establish a world class Oil and Gas Training and Research Centre, to upscale the capacities of young Nigerians with skills required in the Oil and…
This is achieved through sustainable partnerships, which further the socio-economic development of the Niger Delta and Nigeria as a whole. Our Approach to Local Content Nigerian local content development is not a discretionary consideration. The 2010 Nigerian Oil and Gas Industry Content Development Act sets rules and regulations governing local content requirements and sets targets…
Nigerian Content Development Management Board, NCDMB, yesterday, stated that it would not be deterred by the antics of oil and gas companies trying to sabotage local content initiative of the Federal Government. Cyril Odu, Executive Vice Chairman, Mobil Producing Nigeria (left) and Engr. Ernest Nwapa, Exec. Secretary of the Nigerian Content Development Monitoring Board (NCDMB),…
… FG to extend project beyond N/Delta The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu on Friday performed the ground-breaking of the Nigerian Oil and Gas Park being developed by the Nigerian Content Development and Monitoring Board (NCDMB) at Emeyal-1, Ogbia Local Government Area of Bayelsa State. The park will generate about…
