NCDMB reaffirms mandatory 1% Nigerian content fund levy, ties compliance to regulatory approvals
The Nigerian Content Development and Monitoring Board (NCDMB) has reminded operators, contractors, and service companies in the upstream oil and gas sector of their statutory obligation to remit one percent (1%) Nigerian Content Development Fund (NCDF) levy into accounts officially designated by the Board. In a statement issued at the Nigerian Content Tower in Yenagoa,…