Category: Commerce & Industry

Remittance of 1% Nigerian Content Levy Still Mandatory – NCDMB -Access to Approvals, Services Dependent on Payment Certificate The Nigerian Content Development and Monitoring Board (NCDMB) on Tuesday reminded operators, contractors, and service companies in the upstream sector of the Nigerian oil and gas industry of their mandatory obligation to remit one percent (1%) Nigerian…

Ekpeye Monarch Calls for Unity Amidst Oil Exploration Challenges His Imperial Majesty, Eze Amb. Kelvin Anugwo JP, Eze Ekpeye Logbo III has emphasized the need for unity among Ekpeye people to address the challenges facing the ethnic nationality. Speaking at a sensitization programme tagged: ” Proper Utilization of the Petroleum Industry Act (PIA) Host Communites…

NCDMB, Media Team Visit Marconi.NG, As Firm Assures on Cost, Schedule Competitiveness As the Federal Government intensifies efforts to attract new oil and gas investments, spur speedy development of fields and ensure reduction in the cost of production, Marconi.NG EPC Limited (Marconi), positioning itself as one of the leading oil and gas service companies in…

Bunorr Integrated Energy Limited Commend NCDMB For Its Support. Bunorr Integrated Energy Limited has commended the Nigeria Content Development and Monitoring Board, NCDMB, for its consistent support, guidance and partnership at supporting Nigerian local content. The Managing Director of Bunorr Integrated Energy Limited, Mr Modestus Ikechukwu Okeke made the commendation during a visit to its…

Cost of Services in Nigeria’s Oil and Gas Industry is Cheapest in Africa – PETAN President The President, Petroleum Technology Association of Nigeria (PETAN), Engr. Wole Ogunsanya has declared that the cost of providing services in Nigeria’s oil and gas industry is relatively the cheapest on the African continent. He spoke at a Town hall…

NCDMB Partners Renaissance, First E&P, to Launch Nigerian Engineering Olympiad The Nigerian Content Development and Monitoring Board (NCDMB), in partnership with Renaissance Africa Energy Company Limited and First Exploration & Petroleum Development Company Limited (First E&P) recently launched the Nigerian Engineering Olympiad (NEO), an engineering competition aimed at addressing at inspiring engineering students to develop…

16-Year-old OAU Female Student Wins NCDMB Annual National Essay Competition The 9th Award and Prize-giving Ceremony of the NCDMB Annual National Undergraduate Essay Competition came to a close on Friday at the Nigerian Content Tower, Yenagoa, with 16-year-old Miss Josephine Oyinkansola Akande, of Obafemi Awolowo University, Ile-Ife, emerging overall winner. The 200-level medical student, who…

Nigeria Is Open To Business, Lokpobiri Tells Global Oil Community. By Chris Mark  The Honourable Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri Ph.D has sent a clear message to the global oil community that the landscape has changed and the country is open for business. Speaking at the EPC deepwater Investment Roundtable…

FG Committed To Fostering Increase Crude Oil Production, Says Lokpobiri. The Federal Government has reaffirmed its commitment to fostering increased crude oil production through supportive policies, incentives, and strategic partnerships with international oil companies (IOCs). This reassurance came during a courtesy visit by Mr. Nicolas Terraz, President, Exploration & Production at TotalEnergies SE, to the…