“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.
Browsing: Engr. Simbi Wabote
OpeOluwani Akintayo 14 October 2017, Sweetcrude, Lagos – The Nigerian Content Development and Monitoring Board, NCDMB, has said oil and gas…
He said, “The intervention fund has all-in single digit interest rate of eight percent for loans extended to Nigerian Oil and Gas Service providers and all-in single digit interest rate of five percent for loans extended to community contractors.”
Mkpoikana Udoma 31 October 2017, Sweetcrude, Port Harcourt – The Ijaw Youth Council, IYC, has called on President Muhammadu Buhari, Minister…
Kachikwu said, “I would like to see the Japanese coming; I would like to see the Koreans come here; I would like to see collaborative efforts that will make our oil industry produce everything that we need.”
Mkpoikana Udoma 04 October 2017, Sweetcrude, Port Harcourt – The Nigerian Content Development and Monitoring Board, NCDMB, has said that the…
He said that research and development (R&D) efforts by stakeholders needs to offer real value and relevance to the oil and gas industry so that companies would support and fund them.
Baru further observed that the NNPC would always support initiatives aimed at domesticating the ample opportunities in the Oil and Gas Industry which promise to improve thousands of lives in the country.
Baru further said government was working out a political solution to the socially-induced-agitation sabotage while the law enforcement agencies had been empowered to deal with those who engage in pipeline vandalism out of criminality such as oil theft.
“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.
