OpeOluwani Akintayo 23 July 2018, Sweetcrude, Lagos — The Nigerian Content and Development Monitoring Board, NCDMB has said it is…
Browsing: Bank of Industry
Mkpoikana Udoma 16 March 2018, Sweetcrude, Port Harcourt — The Nigerian Content Development and Monitoring Board, NCDMB, has announced that…
The committee said, “Many parastatals are unwilling to submit their audited accounts without being compelled and this is in violation of their establishment Acts. Some parastatals do not take accountability in public expenditure seriously.”
He said that mining sector was promising to be a major catalyst of development goals and consistent implementation of well thought-out reforms and strategic partnerships with key stakeholders for success and sustainability of the reforms.
Vincent Toritseju 10 December 2017, Sweetcrude, Lagos — The federal government is set to release new sugar import quota for…
“The intervention fund has all-in single digit interest rate of 8 per cent for loans extended to Nigerian oil and gas service providers and all-in single digit interest rate of 5 per cent for loans extended to community contractors,” he stated.
“Over the years, Nigerian companies have found it difficult competing with their counterparts from jurisdictions where funding is accessible for 5% or less as compared to our market where bank lending rates hover around 20%,” he said.
Oscarline Onwuemenyi 23 August 2017, Sweetcrude, Abuja – The Nigeria government has said that its recently-established N15 billion industrial reactivation fund…
The minister said the initiative was not only for the Niger Delta region but also “a litmus test for the viability of the initiative before it would be extended to other parts of the country.”
The intent is to promote the participation of genuine community contractors in oil and gas projects and integration of communities in the industry value chain as part of the strategy to grow the local economy and promote peace and tranquility in the communities.
