Category: Economy

FPSO To Increase Oil Production By 40,000 bpd
October 13, 2024 No Responses

FPSO To Increase Oil Production By 40,000 bpd

The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri has commended the progress of work on the Floating Production Storage and Offloading (FPSO) facility in Lagos, a joint venture between NNPC Limited and Century Nigeria Limited, in partnership with...
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Nigeria Pledges Enhanced Cooperation With Japan
October 12, 2024 No Responses

Nigeria Pledges Enhanced Cooperation With Japan

The Nigerian Government will continue to strengthen its ties with Japan as part of measures to deepen trade and exploit more opportunities in areas of infrastructural development, food security, and health, among others.This, Vice President Kashim Shettima sta...
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Oyetola Tasks Shippers Council On Construction Of Gateway Inland Dry Port
October 12, 2024 No Responses

Oyetola Tasks Shippers Council On Construction Of Gateway Inland Dry Port

THE Minister of Marine and Blue Economy, Alhaji Adegboyega Oyetola has performed the ceremonial ground-breaking of the Gateway Inland Dry Port in Ogun.The Minister who performed the ceremony on Friday also directed the Nigerian Shippers’ Council (NSC) to ens...
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Chisco Transport Deploys New Buses, To Unveil More Branches
October 11, 2024 No Responses

Chisco Transport Deploys New Buses, To Unveil More Branches

Chisco Transport, one of the country’s front runners in long distance passenger transportation and logistics for over 45 years, has announced the deployment of over 50 brand new luxury buses with innovative features to various routes.In what it described in....
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Ogbuku: Niger Delta Chamber Of Commerce, Catalyst For Growth
October 11, 2024 No Responses

Ogbuku: Niger Delta Chamber Of Commerce, Catalyst For Growth

The Managing Director of the Niger Delta Development Commission, NDDC, Dr Samuel Ogbuku, has described the Niger Delta Chamber of Commerce, Industry, Trade, Mines and Agriculture, NDCCITMA, as a catalyst for growth in the Niger Delta region.Ogbuku, who made th...
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At World Ports Conference, NPA Boss Seeks Support For Nigeria’s Single Window
October 11, 2024 No Responses

At World Ports Conference, NPA Boss Seeks Support For Nigeria’s Single Window

The Managing Director of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho has solicited the renewed support and technical synergy of the global shipping community as Nigeria finalizes moves to implement the National Single Window (NSW) project.Speakin...
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Caribbean Countries Seek Dangote’s Partnership In Cement, Fertiliser Production
October 10, 2024 No Responses

Caribbean Countries Seek Dangote’s Partnership In Cement, Fertiliser Production

The Prime Minister of Grenada, Dickon Mitchell, has described the Dangote Petroleum Refinery and Petrochemicals as a significant investment in industrialisation and manufacturing needed by developing countries for their industrial growth.He noted that it is th...
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Yingqi Auto Machinery Unveils Factory To Revive Vehicle Engine
October 10, 2024 No Responses

Yingqi Auto Machinery Unveils Factory To Revive Vehicle Engine

Yingqi Auto Machinery Co., Ltd., an auto company specializing in car engine refurbishment, has been established in Lagos to help motorists maximise the service life of their vehicles.In addition, the company provides automotive new energy technology support to...
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NLC Faults Fuel Price Hike
October 10, 2024 No Responses

NLC Faults Fuel Price Hike

The Nigeria Labour Congress (NLC) on Wednesday rejected the new increase in petrol pump price, saying it will further deepen poverty in the country. “It will further deepen poverty as production capacities dip, more jobs lost with multidimensional negative e...
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‘Emefiele Violated Procedure In Redesigned Naira’
October 10, 2024 No Responses

‘Emefiele Violated Procedure In Redesigned Naira’

A former Deputy Governor of the Central Bank of Nigeria (CBN), Edward Adamu, on Wednesday told the Federal Capital Territory High Court Abuja that Godwin Emefiele, a former Governor of the Bank did not follow laid down procedure in the...
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Seplat CEO: Africa’s Abundant Gas Reserves Offer Immediate Solutions To Prevailing Problems
October 9, 2024 No Responses

Seplat CEO: Africa’s Abundant Gas Reserves Offer Immediate Solutions To Prevailing Problems

Africa has abundant gas reserves, and these rich reserves offer immediate solutions to the continent’s immediate and prevailing challenges if well leveraged.The Chief Executive Officer, Seplat energy Plc, Mr. Roger Brown, said this during the ongoing Africa ...
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Nigeria Customs Partners WCO, WBG, IMF On Trade Facilitation
October 9, 2024 No Responses

Nigeria Customs Partners WCO, WBG, IMF On Trade Facilitation

The Nigeria Customs Service (NCS), in collaboration with the World Customs Organisation (WCO), the World Bank Group (WBG), and the International Monetary Fund (IMF), is holding a five-day workshop on Post Clearance Audit (PCA) in Abuja to enhance trade facilit...
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Presco Announces Resignation Of Three Directors
October 8, 2024 No Responses

Presco Announces Resignation Of Three Directors

Presco Plc has announced the resignation of Chief (Dr.) Bassey Edem, Osa Osunde and HRH., Prince Aiguobasimwin Akenzua as Non-Executive Directors of the company.According to a statement signed by the company’s Secretary, Alayo Ogunbiyi, the Directors contrib...
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NAFDAC Workers Begin Indefinite Strike
October 8, 2024 No Responses

NAFDAC Workers Begin Indefinite Strike

The Senior Staff Association Of Statutory Corporations And Government-Owned Companies (SSASCGOC), an affiliate of the Trade Union Congress of the National Agency for Food and Drug Administration and Control (NAFDAC) has begun an indefinite strike over the fail...
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