Tag Archives: NCDMB

Seplat Petroleum Development Company Plc, an independent oil and gas exploration and production company incorporated and operating in Nigeria, has been honoured with the award of Outstanding Indigenous Contributor to Gas Development in Nigeria.

Read More »

By Simon Ugwu Nigerian Content Development and Monitoring Board (NCDMB) has reiterated its support to modular refineries. The Board also plans to participate in the Liquefied Petroleum Gas (LPG) value chain if the conditions precedent, are in place, as well as drive the infrastructural development of the industrial parks, and finalise the review of Offshore Rig Acquisition Strategy. The Executive …

Read More »

The Nigerian Content Development and Monitoring Board (NCDMB) has signed a $10 million equity investment agreement with Waltersmith Refining & Petrochemical Company Limited for the construction of a 5,000 barrels daily modular refinery in Ibigwe in Imo State. At the signing ceremony held in Lagos, NCDMB Executive Secretary, Simbi Kesiye Wabote, and the Director of Finance and Personnel Management, Mr. …

Read More »

The Nigerian Content Development and Monitoring Board (NCDMB) said in Lagos on Monday that it expects the Nigerian Content Intervention (NCI) fund to hit $1 billion in the next three years. Speaking at NCDMB’s research and development forum in Lagos, the board’s executive secretary, Simbi Wabote, said with the launch of $200 million intervention fund with the support of Bank …

Read More »

The Nigerian Content Development and Monitoring Board (NCDMB) has announced fresh plans to increase the Nigerian Content Intervention Fund (NCIF) to $200 million from the the initial $100 million. Executive Secretary of NCDMB, Simbi Wabote, stated this during a visit to the new Managing Director of the Bank of Industry (BoI), Mr. Olukayode Pitan, in Lagos. Wabote explained that the increase …

Read More »