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NCDMB, NEXIM Bank Seal $30m Funding Deal for Oil Service Firms


Peter Uzoho
The Nigerian Content Development and Monitoring Board (NCDMB) and the Nigerian Export-Import Bank (NEXIM-Bank) have signed a memorandum of understanding (MoU) on the administration of $30 million working capital fund for oil and gas service companies.
The deal was signed recently in Abuja between the two government establishments.
The Fund was conceived by the NCDMB to support the operations of local oil companies against the adverse effects of COVID-19 pandemic, loss of contracts due to low oil price and ensure the companies retain their personnel in employment.
The working capital scheme, according to a statement, is one of the newly introduced products in the Nigerian Content Intervention Fund (NCI Fund) approved by the NCDMB Governing Council under the leadership of the Minister of State for Petroleum Resources, Chief Timipre Sylva. ....

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NNPC concludes week with activation of PH refineries rehabilitation


By Edith Ike-Eboh & Emmanuel Afonne
Abuja, May 9, 2021 (NAN) The Minister of State for Petroleum Resources, Chief Timipre Sylva, bagged the Gas Decade personality award by the Oil and Gas Trainers Association of Nigeria (OGTAN), to mark the beginning of activities for the week at the Nigerian National Petroleum Corporation (NNPC).
The award ceremony which took place in Abuja was in recognition of the Minister’s lead role in revolutionalising and opening up the country’s gas sector.
President of OGTAN, Dr Mayowa Afe, commended Sylva’s dedication and innovation towards the Federal Government’s Gas initiatives and policies.
“We are here to acknowledge what you have done for this country. You have brought sanity to the Petroleum Industry; you have also declared Nigeria, on behalf of the President, a gas-based Nation.” ....

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