The Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB) has approved the expansion of the Nigerian Content Intervention Fund from US$200 million to US$350 million.The enlargement of the Fund by US$150 million was part of the decisions taken at the recent NCDMB Governing Council meeting, which held virtually on June 16, 2020….
The Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB) has approved the establishment of a US$50 million Nigerian Content Research & Development Fund (NCR&DF). At the NCDMB Governing Council meeting which held on June 16, 2020 under the chairmanship of the Minister of State for Petroleum Resources, Chief Timipre Sylva, the Council…
The Nigerian Content Development and Monitoring Board (NCDMB) on Monday took formal possession of its newly completed 17-storey headquarters building from the major contractor of the project, Megastar Technical and Construction Company (MTCC). The symbolic handover of the keys to the edifice was held at the facility located along Ox-Bow Lake Road, Swali, Yenagoa, Bayelsa…
The announcement of marginal field bid round in June 1st compelled the operators and stakeholders in the industry longing for explanation on how the process will be carried out by the country’s regulator.Foremost petroleum industry association, Nigeria Association of Petroleum Explorationist (NAPE) whose members operate mostly at the upstream, invited DPR Director, Engineer Sarki Auwalu to…
Africa’s oil producing countries can develop their technological capacities and capabilities by learning from Nigeria if regional integration is embraced as a survival strategy post COVID-19, the Nigerian Content Development and Monitoring Board (NCDMB) has said. The Director of Monitoring and Evaluation, NCDMB, Tunde Adelana stated this during a Webinar hosted by Majorwaves Energy Report…
Engr Elizabeth Rogo has over 19 years international experience in engineering, operations, project management, consultancy, business development and management in oilfield services (onshore and offshore) from global companies including BJ Services, Baker Hughes (Baker Oil Tools Division) and Weatherford International. Areas of operations include Canada, USA, Europe and Africa. She is the Founder and Chief…
By JEROME ONOJA AND AMOS IKE Nigeria had consistently battled with the high cost of production for its barrel of crude oil and this plays a major part in depriving the country of the full benefits of its oil exploration activities, especially when meagre profits are recorded even during periods of high crude oil prices….
By Ikenna Omeje The Enugu Electricity Distribution Company (EEDC) has announced planned electricity outage for six days in Nsukka, Aku, Lejja and Ukehe communities of Enugu State to aid maintenance work on its 7.5MVA power transformer. The Head, Corporate Communications of EEDC, Emeka Ezeh, disclosed this in a statement made available to newsmen on Monday…
By Ikenna Omeje The Nigerian Maritime Administration and Safety Agency (NIMASA) has promised tougher sanctions against untrained and uncertified boat skippers in the habit of ignoring safety procedures and endangering the lives of passengers. This is in connection with the recent fatal boat mishaps on the country’s inland waterways. The Director-General, NIMASA, Dr. Bashir Jamoh, stated…
By Ikenna Omeje The Senate screening committee has extolled the five-year scorecard of the Executive Vice Chairman (EVC) and Chief Executive Officer (CEO) of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, as he is set to be confirmed by the upper chamber for his reappointment by the President for another five-year term in…
