Tag: NCDMB

BREAKING: Nigeria’s Oil Production Hits 1.59m Barrels Daily

ADEOLA YUSUF

. How country left 30 Year-Low Output Region with 653,000 bopd production surge – Bala Wunti   Nigeria’s oil production on Tuesday hit 1.59 million barrels per day, from 937, 000 barrels per day it was as at September. Chief Upstream Investment Officer (CUIO), NNPC Upstream Investment Management Services (NUIMS), Bala Wunti, who declared this at the 11th Practical Nigerian Content (PNC) forum in Uyo, Akwa-Ibom state, maintained that the output increase was a result of the government’s rectangular approach to the fight against crude oil theft. Fielding a question…

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NCDMB, NLNG, Shell, Others For 11th Practical Nigerian Content Forum Dec 5

ADEOLA YUSUF

Nigerian Content Development & Monitoring Board The 11th Practical Nigerian Content (PNC) Forum driven by the Nigerian Content Development & Monitoring Board (NCDMB) will take place in-person from December 5-8, 2022 in Uyo, Akwa Ibom State. It is noteworthy that 11 years on from the enactment of the NOGICD Act, many strides have been made in developing domestic capacity that has spurred new business activity and retained wealth in the country. The Practical Nigerian Content Forum will welcome you back to celebrate 11 years of the Nigerian Content Achievements and…

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100 Nigerian Youths Trained On Pre-Paid Meters Assembly, Installation – NCDMB

ADEOLA YUSUF

The Nigerian Content Development and Monitoring Board (NCDMB) and Femadec Energy Ltd have commenced the training of 100 youths on industrial assembly and installation of pre-paid meters. The kick-off ceremony of one month-long training was held recently at the Femadec Yard, Lagos. Speaking at the event, the General Manager, Capacity Building Division, NCDMB, Dr. Ama Ikuru hinted that the Board’s partnership with Femadec Energy Limited created a good opportunity for the training and employment of Nigerian youths, which is consistent with the 60:20:20 human capital development policy of the Board.…

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Wabote Commissions Grephil Nuts & Bolts Factory In Port Harcourt

ADEOLA YUSUF

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote on Monday commissioned Grephil International Limited’s factory in Port Harcourt Rivers State, which will manufacture bolts, nuts, fittings, flanges and carry out valve calibration, sand blasting, and related services. Speaking at the event, the Executive Secretary commended the company for expanding its operations beyond the oil and gas industry and delivering services to customers in the petrochemical, power and manufacturing industries. He expressed delight that capacities and capabilities that were developed in the oil…

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NCDMB, ICPC Inaugurate New Anti-Corruption Unit

ADEOLA YUSUF

The Nigerian Content Development and Monitoring Board (NCDMB) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) have inaugurated a six-man Anti-Corruption and Transparency Unit (ACTU) committee at the Nigerian Content Tower in Yenagoa, Bayelsa State. The Executive Secretary of the NCDMB, Engr. Simbi Kesiye Wabote in his welcome address commended the Chairman of ICPC, Professor Bolaji Owansanoye, SAN, for sustaining the laudable initiative of extending the anti-corruption and transparency crusade to Ministries, Departments and Agencies (MDAs)s by creating the Anti-Corruption and Transparency Units (ACTUs) in each organization.…

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Oil And Gas Rediscovered: The Prospector, NCDMB, By Esueme Dan Kikile

ADEOLA YUSUF

A beneath-the-surface look into the six years of Engr Simbi Wabote’s appointment as the Executive Secretary of NCDMB   Twelve years of strategic planning and creative deployment of regulatory powers at the Nigerian Content Development and Monitoring Board have literally reinvented Nigeria’s oil and gas industry to a degree that national aspirations, for decades elusive, have suddenly become realisable. Those aspirations, consecrated by evidence of how Middle Eastern countries with similar resource endowments got transformed almost overnight, derived from general consciousness of the possibilities for diversification of the nation’s productive…

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NCDMB, NLNG To Deepen Partnership On Projects, LPG Penetration

ADEOLA YUSUF

The Nigerian Content Development and Monitoring Board (NCDMB) and the Nigeria Liquified Natural Gas Limited will set up a tactical team comprising nominees from both organizations to drive closer collaboration on projects, ensure compliance with Nigerian Content obligations and promote other strategic alliances for the good of the nation’s economy. This decision was reached on Wednesday when the Managing Director of Nigeria LNG Ltd, Dr. Philip Mshelbila led his management team to pay a courtesy visit to the Executive Secretary of the NCDMB, Simbi Kesiye Wabote at the Nigerian Content…

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How Nigeria Lost $380bn, 2m Jobs To Capital Fight – NCDMB

ADEOLA YUSUF

The Nigerian Content Development and Monitoring Board (NCDMB) has revealed how Nigeria lost over $380 billion to capital flight and two million jobs in 50 years. Platforms Africa reports that Executive Secretary, NCDMB, Engr. Simbi Wabote at the fifth annual Valuechain lecture and awards held in Abuja, said the nation also lost the opportunity cost for in-country capacity development and value addition. READ ALSO: Shell, AFC, GTBank, 6 Other Banks Drag Aiteo to Court Over $2bn Debts EXCLUSIVE: Buhari Declines Ministerial Consent For ExxonMobil $1.6bn Assets’ Sale To Seplat Lagos…

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Global Energy Transition, An Opportunity for Nigerian Oil Industry- Wabote.

ADEOLA YUSUF

The ongoing disruptions in the international energy industry present a unique opportunity for the Nigerian oil and gas industry to attract investments and serve as one of the leading hubs to meet global energy needs. The Executive Secretary of the Nigeria Content Development and Monitoring Board, (NCDMB) Engr. Simbi Kesiye Wabote stated this recently in a lecture he delivered at the Society of Petroleum Engineers – Oloibiri Lecture Series and Energy Forum (SPE – OLEF) 2022 held in Abuja. He spoke on the theme, “Global Energy Transition: Implications on Future…

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NCDMB, AFREXIM, APPO Mull New Funding Models For African Oil Industry

ADEOLA YUSUF

The Nigerian Content Development and Monitoring Board (NCDMB), African Petroleum Producers’ Organization (APPO), and Africa Export-Import Bank (AFREXIMBank) have outlined new and sustainable models of funding oil and gas investments in Africa, using resources drawn from the continent and de-emphasizing international financiers. The new pathways were some of the key outcomes of the African Local Content Investment Forum (ALIF) hosted by the NCDMB in Lagos on Monday and form part of the concerted efforts to overcome the decision of western nations and their financial institutions, and international operating oil companies…

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