Business

Dangote clicks Nigeria’s most impactful local content coy award

Ihesiulo Grace 26 July 2021 0

MOTOLANI OSENI Dangote Oil Refinery has been awarded the National Oil Company of the year with the most impactful Local Content Development initiative and opportunity presenter in the downstream sub-sector of the oil and gas industry in Nigeria. The award was presented to the company virtually

News

Oil & Gas: Nigeria to host African local content roundtable

Ihesiulo Grace 11 May 2021 0

Doosuur Iwambe, Abuja In a bid to institutionalise peer review mechanism among African oil-producing countries on local content as a key development imperative for domestication and sustainable growth of Africa’s hydrocarbon resources, the Nigerian Content Development and Monitoring Board (NCDMB) is set to host the maiden edition of the African Local Content Roundtable. In

News

Reps charge FG to enforce economy wide local content legislation

Ihesiulo Grace 25 May 2020 0

The House of Representatives has charged the federal government to enforce the local content law in all sectors of the country’s economy. The Nigerian Local Content Development and Enforcement Bill, 2020, sponsored by House Speaker Femi Gbajabiamila, Rep. Ochiglegor Idagbo and six others is expected to consolidate the gains recorded with the enactment of the […]

Business News

Oil&Gas Sector: Firstbank identifies funding as key to achieving local content

Ihesiulo Grace 13 February 2020 0

Group Executive, Energy Infrastructure, CBG, First Bank Ltd., Bashirat Odunewu, has identified funding as key to achieving local content in the county. Odunewu, who spoke on Wednesday as one of the panellists at a session at the ongoing Nigeria International Petroleum Summit (NIPS), in Abuja, on Wednesday. She said that funding projects that had local […]

News Nigeria

Local content: Ex-president Jonathan hails Lee Engineering for investing $100m in fabrication plant

Ihesiulo Grace 4 May 2018 0

Former President Goodluck Jonathan has said the Local Content Act 2010 is the driving force in the increased participation of indigenous companies in the nation’s oil and gas sector. He lauded the efforts of indigenous companies who have taken advantage of the law to invest and participate and especially singled out Lee Engineering and Construction […]

Business

Housing: FG provides N500bn to resuscitate FMBN for mortgage facilities

Ihesiulo Grace 11 April 2017 0

The Federal Government says it has provided N500 billion to resuscitate the Federal Mortgage Bank of Nigeria (FMBN) to make mortgage facilities easily available to Nigerians. Alhaji Mustapha Baba-Shehuri, Minister of State for Power, Works and Housing, announced this in Lafia on Monday when he called on the Nasarawa State Deputy Governor, Mr Silas Agara. […]

Business

Why the Local Content Guidelines in ICT must be Implemented

Ihesiulo Grace 17 March 2015 0

At more than half the population of all of West Africa, Nigeria is a country that no one can truly ignore even though it has remained a fledgling giant. The country is still considered an emerging market and a regional power. That is why it is a member of the MINT countries. But the interest […]