Tag: 275 oil companies violate local content law – NCDMB

Tinubu Dissolves Boards Of Nigerian Govt Parastatals, Agencies, Institutions, Companies

Abibat Babalola

President Bola Ahmed Tinubu, has approved the immediate dissolution of the Governing Boards of all Federal Government Parastatals, Agencies, Institutions, and Government-Owned Companies. Secretary to the Government of the Federation SGF, Senator George Akume who disclosed this in a late Monday statement said the action was an exercise of the president’s “Constitutional Powers and in the Public interest”. The dissolution does not, however, affect Boards, Commissions and Councils listed in the Third Schedule, Part 1, Section 153 (i) of the 1999 Constitution of the Federal Republic of Nigeria as amended.…

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NCDMB Crashes Nigeria Oil industry’s Capital Flight by $126bn

ADEOLA YUSUF

Simbi Wabote-led NCDMB holds Capacity Building workshop for Media Stakeholders, declares that 275 oil companies violated local content law The $300 billion oil industry capital flights suffered by Nigeria before the advent of Local Content implementation has been reduced by 42 percent. Platforms Africa reports that the General Manager, Research, Statistics & Development, Nigerian Content Development and Monitoring Board (NCDMB), Abdulmalik Halilu, said this in Lagos during a Capacity Building Workshop for Media Stakeholders. Data compiled exclusively by Platforms Africa shows that 42 per cent of $300 billion is $126…

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