The Nigerian Content Development and Monitoring Board (NCDMB) announced on Monday that it had received an interim dividend payment of N450 million out the N1.5bn declared by the Waltersmith Refinery and Petrochemical Company Limited. This payment represents NCDMB’s 30% share in the company for the year ended 2023. The NCDMB had in July 2018 invested $10m to acquire 30% stake in the 5000 barrels per day (bpd) modular refinery project located at Ibigwe, Imo State, to support the Federal Government’s policy on modular refinery, stimulate investment and create employment opportunities.…
Read MoreNCDMB Receives N450m Interim Dividend From Waltersmith Modular Refinery
