Caverton Marine Limited outlined some safety and security credentials at the 48th Annual Interferry Conference held in Marrakech, Morocco last month. In a statement on Sunday, the company explained that the conference, which drew participants from across the world, took place from October 26 to 30, 2024 at the Palais […]
Economy
The Standards Organisation of Nigeria and the Nigerian Midstream and Downstream Petroleum Regulatory Authority certify the imported Premium Motor Spirit, popularly called petrol, that is imported into Nigeria, oil marketers have said. They disclosed this on Thursday in response to claims by the Dangote Petroleum Refinery that off-spec petroleum products […]
The Ogun State Government has announced its partnership with the Standards Organisation of Nigeria to train stakeholders and technical staff on the upcoming large-scale conversion of petrol vehicles to Compressed Natural Gas-powered vehicles in the state. It said the stakeholders are from the Ministries of Environment and Transportation, OGEPA, Vehicle […]
The Nigerian Ports Authority says has secured a $700m loan from Citibank for the rehabilitation of the Apapa and Tincan Island Ports in Lagos. The loan was funded by the UK Export Finance, an export credit agency, Announcing this in a statement on Wednesday, the NPA said it had also […]
The president of the Enugu Chamber of Commerce, Industry, Mines and Agriculture, Odeiga Jideonwo, has commended the Dangote Group, led by its President, Aliko Dangote, for adding “immense value to the Nigerian economy and still going stronger.” Jideonwo stated this at the 35th Enugu International Trade Fair, held Wednesday with […]
The Association of Senior Staff of Banks, Insurance and Financial Institutions has linked the cause of cash crunch in the country to panic withdrawals by bank customers, and activities of misguided individuals engaging in the unethical practice of hoarding naira notes for personal gain. In a statement issued by the […]
The Federal Government is introducing incentives to attract oil and gas investment as Nigeria – Africa’s biggest economy, works to ramp up crude oil output. Some of the measures being adopted include substituting signature bonuses – the payments made by companies to governments upon signing contracts – with lump sums […]
The Federal Government’s appetite for foreign loans is waning, the latest data from the Debt Management Office has revealed. This is as total debt public debt rose to N87.91tn as of the end of September. Rather than increase its foreign debt stock as has been the case before now, a […]
The Head of Media Relations at Access Holdings, Abdul Imoyo, is dead. A statement issued by Tunde Imoyo, on behalf of the family, said he died in the early hours of Sunday, December 17, 2023, at the First Cardiology, Ikoyi, Lagos, after a brief illness. The statement read in part, […]
A National advisor, Investment and Technology, United Nations Industrial Development Organisation, Dr Adekunle Olushile, has said Nigerians accessibility to potable water is less than 30 per cent. Speaking at a networking session with different stakeholders in the private sector organised by a member of the Alga Africa Group, Jos. Hansen, […]
