NCDMB, NEXIM in $30m deal for oil, gas service firms

Nigerian Content Development and Monitoring Board (NCDMB) and the Nigerian Export-Import Bank (NEXIM-Bank) have signed a memorandum of understanding (MoU) on $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…..

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