The Nigerian Content Development and Monitoring Board (NCDMB) has secured the commitment of major oil and gas stakeholders to ramp up in-country production and utilization of line pipes in the oil and gas sector.
Note that crude oil prices are still down by 45% since the beginning of 2020, a situation that had forced oil-dependent Nigeria to revise/readjust her 2020 national budget, as Nairametrics reported.
Crude oil prices dropped on Sunday after 2 consecutive weeks of upward movement since February as the global supply glut still continues
