NCDMB inks deals with NAICOM, addresses Loopholes in implementations of NOGIC Act particularly sections 49 and 50, which deals with insurance of oil and gas activities The Nigerian Content Development and Monitoring Board (NCDMB) and the National Insurance Commission (NAICOM) have signed insurance services guideline which will oblige the oil and gas industry to patronize the local insurance sector, thereby retain spend in the economy. Platforms Africa reports that the guidelines will also address loopholes that have been identified while implementing the provisions of the Nigerian Oil and Gas…
Read MoreNigeria Outlaws Offshore Insurance For Foreign, Local Oil Firms
