NCDMB
Nigeria first policy: NCDMB supercharges 100 indigenous firms with $350M Boost”
In a landmark move aimed at strengthening local content and fostering economic growth, the Nigerian Content Development and Monitoring Board (NCDMB) has disbursed $350 million to 100 indigenous companies across the country. This initiative aligns with the federal government’s recently approved Nigeria First Policy, which seeks to prioritize in-country production, enhance employment opportunities, and deepen […]
Jonathan: Western Oil Firms Exploited Nigeria’s Weak Laws
Nigeria’s former President, Goodluck Jonathan, has sharply criticized Western oil companies for exploiting Nigeria’s historically weak legal framework and lack of technical expertise in the oil sector. Speaking at the Nigerian Content Development and Monitoring Board (NCDMB) Champions of Nigerian Content Awards Dinner in Yenagoa, Bayelsa State, Jonathan revealed how the absence of robust local […]
NCDMB Calls on IOCs to Prioritize Local Company
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omotsola Ogbe, has issued a strong call to international oil companies (IOCs) to increase their engagement with indigenous Nigerian companies for their oil and gas projects. The appeal was made during the ongoing Nigerian Oil and Gas Opportunity Fair (NOGOF) 2025 […]
Hire Only Registered Engineers or Risk Sanctions – FG to Oil, Gas Companies
NCDMB Warns Oil Firms Against Hiring Unregistered Engineers, NUPRC Unveils Plan to Boost Local Capacity The Nigerian Content Development and Monitoring Board (NCDMB) has issued a strong warning to oil and gas companies against employing engineers who are not duly registered with the Council for the Regulation of Engineering in Nigeria (COREN). Speaking at the […]
EFCC Starts Trial of Oil Tycoon Akindele for $35m NCDMB Fraud
The Economic and Financial Crimes Commission (EFCC) has officially commenced the prosecution of renowned oil industry figure, Dr. Akintoye Akindele, who stands accused of being complicit in the misappropriation of $35 million belonging to the Nigerian Content Development and Monitoring Board (NCDMB) on Tuesday. The funds in question were allegedly diverted from payments made by […]