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The Nigerian Content Development and Monitoring Board (NCDMB) has called for deeper collaboration among African nations to unlock the continent’s enormous local content potential and accelerate economic diversification, industrial growth, and sustainable development across the oil and gas value chain.
The position was presented during a strategic engagement at the just concluded Namibia oil and gas conference focused on African Local Content Opportunities and cross-border partnerships.
Representing the Executive Secretary of NCDMB, Engr. Felix Omatsola Ogbe, Dr. Abdulmalik Halilu highlighted the importance of leveraging African capabilities, harmonizing local content policies, and fostering strategic partnerships among African businesses to maximize value retention within the continent.
Speaking on the theme, “African Local Content Opportunities: Pathway to Economic Diversification and Development,” Dr. Halilu noted that several African countries have established legal and regulatory frameworks for local content development, creating a foundation for greater regional integration and industrial cooperation. He emphasized that African local content should promote the development and utilization of cross-border capacities and capabilities as a catalyst for the industrialization of Africa.
He referenced key aspirations of the 2025 APPO Ministerial Council Brazzaville Declaration, which encourages African nations to strengthen supplier capacity, support skills development and knowledge transfer, promote joint ventures and partnerships, harmonize local content regulations, and encourage public-private partnerships to enhance African participation in the oil and gas industry.
Dr. Halilu further showcased existing African capabilities across fabrication, engineering, manufacturing, subsea services, marine operations, and project execution, demonstrating that the continent possesses significant capacity that can be leveraged through strategic collaboration among African companies and institutions.
Drawing from Nigeria’s local content success story, he highlighted the transformative impact of a data-driven implementation framework, noting the significant growth achieved since the enactment of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act. He emphasized that robust data systems, compliance monitoring, supplier development initiatives, and strategic investments have strengthened local participation and enhanced industry competitiveness.
According to him, the future of African local content lies in practical business-to-business partnerships that enable companies from different African countries to jointly pursue and execute major projects. He outlined partnership models such as prime-subcontractor arrangements, incorporated local content joint ventures, contractual consortium bids, and reciprocal market access alliances as effective mechanisms for expanding African participation in large-scale energy projects.
He stressed that realizing a truly integrated African local content ecosystem would require coordinated action across multiple sectors, including regulatory harmonization, trade facilitation, customs cooperation, immigration reforms, and access to sustainable financing. He also endorsed initiatives aimed at creating a Pan-African supplier database and interactive opportunities platform to aggregate and showcase African capabilities.
“The opportunities available across Africa can only be fully unlocked through deliberate and synchronized efforts that enable cross-border service delivery and industrial collaboration. The Brazzaville Declaration represents an important starting point, but implementation, partnership, and policy alignment will ultimately determine the success of Pan-African local content,” Dr. Halilu stated.
He further buttressed that the Board believes that leveraging the African Continental Free Trade Area (AfCFTA) framework and strengthening cooperation among African institutions and businesses will create new opportunities for indigenous companies to compete, collaborate, and deliver world-class projects across the continent.
During the first panel session, the Director, Monitoring and Evaluation, Mr. Esueme Dan Kikile, Esq., shared his views on Global Best practices, perspectives on strategies for strengthening local participation and maximizing in-country value in the oil and gas industry.
He further implored Namibians to explore practical approaches to supplier development, skill transfer, enterprise growth and sustainable local content with discussions highlighting lessons from successes of other oil producing countries and their various relevance to building a resilient and sustainable oil and gas sector.
During the exhibition tour at the 2026 Namibian Oil and Gas Conference (NOGC), according to the NCDMB, Her Excellency, Mrs. Lucia Witbooi, Vice President of Namibia, visited the NCDMB. exhibition stand where she was received by Mr. Esueme Dan Kikile, Esq., Director of Monitoring & Evaluation, alongside other staff of the Board.
Mr. Kikile highlighted the Board’s mandates and activities, emphasizing the significance of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act and its transformative impact on Nigeria’s oil and gas industry. He underscored the importance of regional collaboration and knowledge exchange in advancing sustainable growth across Africa’s energy sector.
The post NOGC2026: NCDMB advocates pan-african collaboration to drive growth across oil and gas value chain first appeared on Energy News Stream.
Nigeria’s accelerating shift towards digital tax administration is creating a new market for compliance technology, with Afri Invoice Nigeria Limited opening a strategic investment round to expand its e-invoicing infrastructure across the country and other African markets.
The Lagos-based technology company is seeking investors as businesses face increasing pressure to adopt structured electronic invoicing, tax-aligned reporting and digital transaction validation.
The development highlights a growing opportunity beyond Nigeria’s traditional fintech market: the technology infrastructure businesses will need to comply with an increasingly digital tax system.
Afri Invoice provides automated invoice validation, structured data exchange and regulatory reporting designed to help businesses meet evolving compliance requirements without relying heavily on manual processes.
The company is targeting both small and medium-sized enterprises and larger businesses as digital compliance becomes an increasingly important part of doing business in Nigeria.
The company’s investment round comes as Nigeria’s tax environment continues to move towards greater digitisation and automated reporting.
For businesses, that transition means invoicing is increasingly becoming more than a simple record of a sale. Digital invoices can form part of the information required for tax reporting, transaction validation and regulatory monitoring.
Afri Invoice is positioning its platform to provide the technology layer connecting businesses to this changing compliance environment.
Founder and CEO Mark Odenore said the transformation is already underway and that businesses will increasingly need structured digital systems to remain competitive. “Africa’s compliance infrastructure is undergoing a fundamental shift, and Afri Invoice is leading that transformation. This is not a future opportunity, it is happening now, and every business will require structured e-invoicing and automated compliance to remain competitive.”
He added that the company intends to build infrastructure capable of supporting the continent’s emerging digital compliance economy. “We are building the backbone of Africa’s digital compliance economy. Investors who understand regulation, infrastructure, and scale recognise the size and urgency of this opportunity.”
Afri Invoice is also seeking investors who have previously backed major Nigerian fintech infrastructure companies, including Monnify, Flutterwave and Interswitch.
The company believes these investors understand the complexities involved in building regulated technology infrastructure in Nigeria and scaling it across African markets.
The strategy reflects Afri Invoice’s ambition to position compliance technology as the next major layer of Nigeria’s digital financial infrastructure.
Afri Invoice says funds raised will be used to expand engineering capacity, scale its infrastructure, strengthen regulatory integrations and onboard thousands of SMEs and enterprises across Nigeria and emerging African markets.
The company’s ambition comes at a time when Nigerian businesses are increasingly having to adapt to technology-driven regulatory requirements.
For Afri Invoice, that creates an opportunity to move beyond simply providing invoicing software and establish itself as part of the infrastructure supporting Nigeria’s broader digital tax ecosystem.
As Nigeria’s tax administration becomes increasingly digital, the companies providing the systems that help businesses comply could become an important new segment of the country’s technology economy.
The post Digital tax compliance: Afri Invoice opens strategic investment round in Nigeria appeared first on The Sun Nigeria.
Cross-border money transfers between the United States and Nigeria are set for new payment infrastructure as Tranzmit Payment Services integrates Yellow Card’s Payments API, introducing a stablecoin-powered settlement route into one of Africa’s most important remittance corridors.
The partnership is expected to help Tranzmit move money into Nigeria faster and with greater predictability, while reducing some of the costs and delays associated with traditional cross-border settlement channels.
Tranzmit, the U.S.-headquartered subsidiary of Tranzmit Corporation, said the integration will initially focus on its USA-to-Nigeria corridor, described as one of its largest and fastest-growing markets.
The move comes as fintech companies increasingly look beyond traditional correspondent banking infrastructure to improve the movement of money across borders.
Under the new arrangement, Tranzmit will use Yellow Card’s Payments API to facilitate conversions between U.S. dollar-pegged stablecoins and local currencies.
This provides Tranzmit with a direct settlement pathway into emerging markets and could reduce some of the friction created by multiple intermediaries in conventional international transfers.
For Nigerians receiving money from the United States, the impact could be felt in the speed and predictability of transfers, particularly where delays, exchange-rate movements and settlement costs can affect the final amount received.
The partnership also highlights the expanding use of stablecoins as financial infrastructure for payments and settlement rather than solely as digital assets for trading.
Stablecoins are digital tokens designed to maintain a relatively stable value against an underlying asset, commonly the U.S. dollar. In cross-border payments, they can provide a digital settlement mechanism before funds are converted into local currency.
Yellow Card is positioning its infrastructure to serve banks, fintechs and multinational companies seeking to move money across emerging markets.
The company supports more than 50 currencies and provides infrastructure for accessing U.S. dollars, managing treasury and facilitating cross-border payments.
Chris Maurice, CEO and Co-Founder of Yellow Card, said the integration gives Tranzmit’s emerging-market operations an upgrade by replacing some of the friction associated with legacy settlement systems.
“Tranzmit has been moving money and connecting people across borders for decades,” Maurice said, adding that the partnership would provide a faster and more transparent infrastructure for the markets its customers rely on.
Nigeria remains a critical market for international money transfers, supported by its large diaspora population and substantial flows of remittances from Nigerians living abroad.
For payment companies, improving the speed, cost and reliability of transfers into the country has therefore become an increasingly important competitive advantage.
Daniel Asturias, CEO of Tranzmit, said the company is focused on making transfers “simpler, smarter, and more seamless” through fintech technology.
The integration with Yellow Card marks another step in that strategy and strengthens the payment infrastructure available for the U.S.-Nigeria corridor.
It also reflects a broader shift in the global payments industry, where fintech companies are increasingly exploring stablecoin rails to complement or replace parts of traditional banking infrastructure.
For Nigerian consumers and businesses receiving dollars from the U.S., the real test will be whether the new rail translates into faster settlement, better exchange rates and more money reaching recipients with fewer surprises.
If the model delivers on those promises, the Tranzmit-Yellow Card partnership could add further momentum to stablecoin-enabled payments across Nigeria and other emerging African markets.
The post US-Nigeria remittances get new payment rail as Tranzmit integrates Yellow Card appeared first on The Sun Nigeria.