‘Local content law’ll be extended to power, telecoms, ICT sectors’- Reps

The House of Representatives has said henceforth any infraction of the Local Content Law, which seeks to ensure adequate participation of Nigerians in the...

BoI facility increases local cables production by 28,000 tonnes

The Bank of Industry (BoI) has contributed to the increased local production of electric cables by 28,000 metric tonnes following the expansion of Coleman...

NCDMB to unveil data on oil sector projects

The Nigerian Content Development and Monitoring Board (NCDMB) may unveil the data of upcoming projects in the downstream, midstream and upstream sectors of the...

House of Reps to cancel IOCs contracts over local content implementation

The House of Representatives Committee on Local Content has vowed to cancel all oil and gas contracts, already awarded to International Oil Companies (IOCs),...

Local content ‘delivers’ 200m line pipe mill project in Edo

Investments requiring huge capital often elude Nigerian businesses due mainly to the unfriendly banking environment that promotes high lending rates. It is believed that...

Chevron spent $3.6 billion on Nigerian content in 2015

Chevron Nigeria spent $3.6 billion on Nigeria content in 2015 as part of its commitment to local capacity building in boosting local economies and...

SOAN urges NNPC to use Nigerian vessels to move crude

The Coordinator, Government Relations, Ship Owners Association of Nigeria (SOAN), Mr. Temisan Omatseye, has urged the Nigerian National Petroleum Corporation (NNPC) to engage Nigerian...

AOS Orwell demonstrates advantage of mergers in oil service sector

An indigenous company, AOS Orwell Nigeria Limited has said that mergers are necessary for the oil services sector as it gives rise to companies...

Aveon Offshore delivers the Foundation Support Structures (FSS) for Egina project

Aveon Offshore, the Nigerian engineering and fabrication services company, says it has successfully completed fabrication of six Foundation Support Structures and loaded out these...

FG launches $200m fund to help indigenous oil & gas firms

Nigeria's oil minister said the government launched a fund on Thursday with an initial value of $200 million to support local oil and gas firms,...

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