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Ex-NCDMB Boss, Wabote, clashes with Minister Lokpobiri over alleged $500m mismanagement claims

Minister of State for Petroleum Resources, Sen. Heineken Lokpobiri, has doubled down on his controversial statement at The Petroleum Club’s quarterly event in Lagos,...
Business

Nigeria Must Increase Crude Oil, Gas Production To Avert Importation For Refineries- NCDMB Boss

The Executive Secretary Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote has warned that Nigeria might resort to importing crude oil for...
Business

NCDMB Boss, Wabote Warns FG Against Unnecessary Amendments Of Petroleum Industry Act

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote, has advised that making unending changes to the structures...
Business

Oil Assets Divestments Will Boost Production, Employment For Nigeria- Wabote

The Nigerian oil and gas industry is poised for a boost in crude oil production, employment creation, and capital injection with the planned divestment...
Business

BoI, NCDMB Disburse N80bn For 194 Projects From Nigerian Content Intervention Fund

The Nigerian Content Development and Monitoring Board (NCDMB) and the Bank of Industry (BoI) have signed an amendment to the Memorandum of Understanding (MoU)...
Business

NCDMB, IOCs To Boost Oil Production With Galvanizing Plant

The Nigerian Content Development and Monitoring Board (NCDMB) and other stakeholders has pledged to support the Orbit Galvanized Steel Industries to enhance oil production...
Business

Financial Transparency Will Guarantee Investments For NDDC– – Wabote

The enthronement of transparency at the Niger Delta Development Commission (NDDC) is the only way to attract the private sector to support and return...
Business

NCDMB, FIRS Offer Tax Incentives For Oil Companies’ Investment In Research & Development

Oil and gas companies desirous to reduce their tax burden and grow profitability should consider increasing investments in research and development (R&D), with a...
Business

NCDMB, Bank Of Industry Launch $50m Fund For Manufacturers Of Oil & Gas Equipment

The Nigerian Content Development and Monitoring Board (NCDMB) and Bank of Industry has launched a $50m fund for NOGAPS Manufacturing Product Line.The fund is...

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