Obaseki: Benin River Port’ll Enhance Economic Diversification, Boost Agric Export, Others

Obaseki: Benin River Port’ll Enhance Economic Diversification, Boost Agric Export, Others

The Edo State Governor, Mr. Godwin Obaseki, has said the development of the Benin River Port will guarantee the diversification of the nation’s economy from oil into the non-oil sector such as agriculture and agro-allied businesses, placing the country on...
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NLNG At 33, Counts Gains

NLNG At 33, Counts Gains

By Moses Ebosele, ebosele@hotmail.com The Nigeria Liquefied Natural Gas (NLNG) has reiterated its commitment to provide cleaner energy to Nigeria and the world.  In a message to mark 33 years of existence on Tuesday, the Managing Director/Chief Execu...
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NCDMB To Host Summit On Midstream, Downstream Operations

NCDMB To Host Summit On Midstream, Downstream Operations

 By Moses Ebosele, ebosele@hotmail.com The Nigerian Content Development and Monitoring Board (NCDMB) has concluded plans to host the maiden edition of the Nigerian Content Midstream/Downstream Oil & Gas Stakeholders Summit, with theme, Maximizing...
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Dangote Cement Declares N413.2b Revenue,  ₦105.9b Profit In Q1

Dangote Cement Declares N413.2b Revenue, ₦105.9b Profit In Q1

For the first quarter (Q1) of 2022 ended March 31, 2022, Dangote Cement Plc recorded unaudited 24.2 percent increase in revenue and an 18 percent increase in profit after tax, amounting to N413.2 billion revenue and profit after tax of₦105.9 billion...
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NPA May Revoke Concession Agreement  

NPA May Revoke Concession Agreement  

The Nigerian Ports Authority (NPA) has disclosed that five terminal operators are being monitored to ensure they do the right things as regards their commitment and obligations as agreed under the Port Concession agreement.    Speaking at an interact...
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NPA Partners NLNG On Vessel Traffic Services

NPA Partners NLNG On Vessel Traffic Services

By  ebosele@hotmail.com The Nigerian Ports Authority (NPA) is working closely with the Nigeria Liquefied Natural Gas (NLNG) to deploy Vessel Traffic Services (VTS) in Bonny.    Already, arrangements are being put in place for survey as part...
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NLNG Tops Tax Compliance Firms In Nigeria

NLNG Tops Tax Compliance Firms In Nigeria

The Federal Inland Revenue Service (FIRS), on Monday, listed Nigeria’s top-performing taxpayers in the year 2021 and commended them for their exceptional efforts in contributing towards providing the necessary funds for the government to meet its social cont...
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Mandilas Group Tasks Stakeholders On Sustainable Cold Chain Industry

Mandilas Group Tasks Stakeholders On Sustainable Cold Chain Industry

Mandilas Group Limited has joined ongoing clamour to curtail post-harvest losses and expansion of the cold chain industry in Nigeria.   According to the Group, a vibrant cold chain industry will help preserve and protect the supply of food and...
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Spotlight Shines On Nigeria’s Growing Fiscal Deficit

Spotlight Shines On Nigeria’s Growing Fiscal Deficit

By  Lukman Otunuga, Senior Research Analyst at FXTM — It’s no secret that many developing countries boast high fiscal deficits in the pursuit of economic growth. Nigeria’s ballooning debt profile is a perfect example of how excessive government spe...
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DMO Lists N225b FGN Bond For Subscription By Auction

DMO Lists N225b FGN Bond For Subscription By Auction

The Debt Management Office (DMO) has announced an offer of three Federal Government of Nigeria (FGN)  bonds valued at N225bn, for subscription through auction.   The DMO announced the bonds offer in a statement on Thursday.   The offers are...
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Experts Urge Stakeholders To Harness Maritime Potential For Economic Growth

Experts Urge Stakeholders To Harness Maritime Potential For Economic Growth

Experts on Thursday urged stakeholders in maritime sector to harness its full potential to achieve the desired economic growth for the country.   The experts said this at a virtual forum of the Nigeria Bar Association Section on Business Law (NBA-SBL...
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Ten Ships With Frozen Fish, Wheat, Petrol, Others Berth At Lagos Ports

Ten Ships With Frozen Fish, Wheat, Petrol, Others Berth At Lagos Ports

The Nigerian Ports Authority (NPA), on Wednesday, said ten Ships had arrived the Lagos ports and were waiting to berth with petrol, bulk wheat, base oil, general cargo, bulk fertilizer and bulk sugar.   NPA also explained that another 20...
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NPA Awards Contract For Escravos Channel Dredging

NPA Awards Contract For Escravos Channel Dredging

As part of measures to revive the port in Delta State, the Federal Government has awarded contract for remedial dredging of Escravos channel.    Managing Director, Nigerian Ports Authority (NPA), Mohammed Bello-Koko,  who disclosed this in ...
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Nigeria Expo Seeks More Investment In Non-Oil Sector, Sports

Nigeria Expo Seeks More Investment In Non-Oil Sector, Sports

The Nigeria International Trade Fair/Expo (NITFE) organisers have called for more investment in the non-oil sector, including sports to fast track the nation’s socio-economic development. Mr Innocent Ogu, President, African Legacy International, Co-organiser...
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