Category: Economy

Tinubu Dissolves Board Of Parastatals, Agencies, Others
June 19, 2023 No Responses

Tinubu Dissolves Board Of Parastatals, Agencies, Others

President Bola Ahmed Tinubu, GCFR, has approved the immediate dissolution of the Governing Boards of all Federal Government Parastatals, Agencies, Institutions, and Government-Owned Companies in the exercise of its Constitutional Powers and in the Public interest. The resolution does not,...
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ExxonMobil Appoints Shane Harris Chairman/MD
June 19, 2023 No Responses

ExxonMobil Appoints Shane Harris Chairman/MD

ExxonMobil has appointed Shane Harris as the new chairman and managing director of its affiliates – Mobil Producing Nigeria Unlimited, Esso Exploration and Production Nigeria Limited, and Esso Exploration and Production Nigeria – in Nigeria. A statement is...
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Benin Port: Bidders Inspect Project Site
June 19, 2023 No Responses

Benin Port: Bidders Inspect Project Site

As part of measures by the Edo State Government to fast-track the development of the Benin Port, bidders for the project have visited and inspected the confluence of the Benin River and Osse River, to assess the site conditions and available...
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Stallion Group Reaffirms Hyundai Kona EV Leadership, Energy Costs, Environmental Impact
June 19, 2023 No Responses

Stallion Group Reaffirms Hyundai Kona EV Leadership, Energy Costs, Environmental Impact

Stallion Motors Nigeria has reaffirmed its leadership in the Nigerian automobile industry with the commendation of the company’s Hyundai Kona EV, Nigeria’s first locally produced electric vehicle by Vice President Kashim Shettima. Produced from its Lagos p...
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Edo Partners NCDMB On Benin Enterprise Park
June 18, 2023 No Responses

Edo Partners NCDMB On Benin Enterprise Park

The Edo State Government has pledged to realise the Benin Enterprise Park project, noting that on completion, the project will boost economic activities in the State and transform its fortunes. The Special Adviser to the Edo State Governor on Strategy,...
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APAPA PORT BERTHS LARGEST CONTAINER CARRIER IN ITS HISTORY
June 17, 2023 No Responses

APAPA PORT BERTHS LARGEST CONTAINER CARRIER IN ITS HISTORY

The Lagos Port Complex (LPC), Apapa,  on Friday,  16th June, 2023 made history by its berthing of a 300m LOA vessel. NPA described the development as unprecedented and “a testament to the unwavering commitment of the Mohammed Bello Koko-l...
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Shippers’ Council Unveils Online Portal For Port Users
June 17, 2023 No Responses

Shippers’ Council Unveils Online Portal For Port Users

The management of Nigerian Shippers’ Council (NSC) has launched an online portal for the registration of all categories of port users and operators.  According to NSC, the process is expected to provide database of service providers that are genuine as....
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Sanwo-Olu, SEC, NGX, IFC Renews Call For Gender-Focused Initiatives
June 17, 2023 No Responses

Sanwo-Olu, SEC, NGX, IFC Renews Call For Gender-Focused Initiatives

The Governor, Lagos State, Mr Babajide Sanwo-Olu, the Securities and Exchange Commission (SEC), Nigerian Exchange Limited (NGX) and the International Finance Corporation (IFC) have all renewed calls for more gender-focused initiatives that will create increase...
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Nigeria, Morocco, Others Sign GAS Pipeline Project Agreements
June 17, 2023 No Responses

Nigeria, Morocco, Others Sign GAS Pipeline Project Agreements

The management of Nigerian National Petroleum Company Limited (NNPCL) has signed four significant agreements related to the Nigeria-Morocco gas pipeline project. The NNPCL in a statement issued on Friday by Garba Deen Muhammad, the chief corporate communicatio...
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PHOTO NEWS
June 17, 2023 No Responses

PHOTO NEWS

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Edo Modular Refineries Hit 300,000 bbls Crude Order
June 16, 2023 No Responses

Edo Modular Refineries Hit 300,000 bbls Crude Order

Duport Midstream Company Limited (DMCL), which operates the 2500 barrels per day (bpd) modular refinery in Egbokor, Orhionmwon Local Government Area of Edo State, has placed an order for 100,000 barrels of crude (bbls) from Oza oil OML 11, operated...
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NCDMB Backs Confab On Local Content Implementation In Insurance Industry 
June 15, 2023 No Responses

NCDMB Backs Confab On Local Content Implementation In Insurance Industry 

The Nigerian Content Development and Monitoring Board, NCDMB, has accepted to lead discussion at the 2023 National Conference on Building Local Content Synergy between the Insurance Industry and Oil and Gas Sector. Executive Secretary of the Board, Simbi Kesiy...
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CBN Explains Unification Of All Exchange Rate Windows
June 15, 2023 No Responses

CBN Explains Unification Of All Exchange Rate Windows

In a bid to improve liquidity and stability, the Central Bank of Nigeria (CBN) has announced the unification of all segments of the forex market collapsing all windows into one. According to a press statement signed by the Director of...
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COSCHARIS  PRESENTS PRODUCTS AT LAGOS MOTOR FAIRi
June 15, 2023 No Responses

COSCHARIS  PRESENTS PRODUCTS AT LAGOS MOTOR FAIRi

Coscharis Motors, a subsidiary of Coscharis Group and the exclusive franchisee of the Ford brand in Nigeria excited automobile enthusiasts and customers at the recently held 2023 Lagos Motor Fair and Autoparts Expo, which took place in Lagos. Coscharis’s par...
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