Economy Archives — Page 49 of 184

August 29, 2023 No Responses

Nigeria Ends Borrowing

The Federal Government has no intention to borrow from any local or foreign organisation with its removal of subsidy on petrol and exchange rate harmonisation. The Minister of Finance and Coordinating Minister for the Economy, Chief Wale Edun, revealed this...

August 29, 2023 No Responses

GOCOP Visits Acting Customs CG

The Guild of Corporate Online Publishers has visited the acting Comptroller General of Nigeria Customs Service, CG Adewale Adeniyi, in Abuja as part of preparations for its Annual General Conference. The GOCOP team was led on the visit to the CG by.....

August 28, 2023 No Responses

How To Ease Forex Scarcity, Boost Economy Through Alternative Fuel Regime, By Stakeholders

By Moses Ebosele, ebosele@hotmai.com — To successfully navigate fuel subsidy removal challenges, some stakeholders in the automobile, oil and gas sectors have called on Nigerians to take advantage of alternative fuel. They made the call at the 2023 ...

August 28, 2023 No Responses

STOAN Congratulates Oyetola, Pledges Support To Harness Blue Economy

The Seaport Terminal Operators Association of Nigeria (STOAN) has promised to fully support the Minister of Marine and Blue Economy, Mr. Adegboyega Oyetola, to harness the potential of the maritime sector. The Chairman of STOAN, Princess Vicky Haastrup, who sa...

August 27, 2023 No Responses

LNG: Firm Completes Bunkering Operations

Low and zero-emission fuels supplier, Titan has performed its first ship-to-ship LNG bunker operations in Hamburg, Germany. The company said it performed its first-ever ship-to-ship LNG bunkering operation in Hamburg to Vox Ariane, Van Oord’s trailing suctio...

August 27, 2023 No Responses

Heineken Sells Off Russian Business For €1

Heineken has finally sold off its Russian business for €1 – or 86p – nearly a year and a half after first pledging to do so. The Dutch brewer said it will take a loss of €300m on the division,...

August 26, 2023 No Responses

Unclaimed Dividends Hit N190b

THE Securities and Exchange Commission (SEC) has disclosed that the unclaimed dividends figure in the nation’s capital market currently stands at N190 billion. Mr Lamido Yuguda, the Director-General of SEC, said this at the second post-Capital Market Committ...

August 26, 2023 No Responses

Minister Reiterates FG’s Commitment To End Petroleum Importation, Inspects Port Harcourt Refinery

The Nigerian Government on Friday, reiterated its commitment to end petroleum product importation soon, adding that efforts are being redoubled to restore the nation’s local refining capacity. This was made known by the Minister of State for Petroleum Resour...

August 26, 2023 No Responses

Navy Deploys Deep Blue Assets

Assets acquired by the Nigerian Maritime Administration And Safety Agency (NIMASA) under the Integrated National Security and Waterways Protection Infrastructure, otherwise known as the Deep Blue project, have been fully deployed by the Nigerian Navy. A statem...

August 25, 2023 No Responses

FMDQ Approves Review Of Eunisell CP Programme To N20b

FMDQ Securities Limited has approved a 100 per cent upward review of the Commercial Paper Issuance Programme of Eunisell Limited, a company specialized in the provision of speciality chemical solutions across a wide range of industrial users. In a letter...

August 25, 2023 No Responses

Nigeria Explains $2.5b Non-Oil Exports In Six Months

The Nigerian Export Promotion Council says the country generated $2.5 billion from January to June from non-oil exports. The Executive Director of the NEPC, Dr. Ezra Yakusak, revealed this at a one-day workshop for emerging exporters. At the event on...

August 25, 2023 No Responses

NSML Intensifies Campaign Against Waterways Pollution

By Moses Ebosele, ebosele@hotmail.com — The Managing Director, NLNG Shipping and Marine Services Limited, Mr. Abdulkadir Ahmed has intensified campaign for the proper disposal of plastic wastes as part of measures to reduce its harmful effect ...

August 24, 2023 No Responses

British Govt Harps On Regeneration Of Edo State’s Forest Resources

The British High Commissioner to Nigeria, Richard Montgomery has reinstated Britain’s commitment to support the Nigerian Government as part of efforts to preserve the forest and other natural resources for the benefit of future generation. Mr. Montgomer...

August 24, 2023 No Responses

NSML Rebrands As NLNG Shipping And Marine Services Limited

Key player in the maritime industry, NLNG Ship Management Limited (NSML) has officially announced its name change to NLNG Shipping and Marine Services Limited. According to the company, “this strategic move reflects the company’s evolving business focus an...