Category: Economy

Stanbic IBTC Infrastructure Fund Partners SIFAX Group On Ijora Terminal Development
March 13, 2025 No Responses

Stanbic IBTC Infrastructure Fund Partners SIFAX Group On Ijora Terminal Development

Stanbic IBTC Asset Management Limited, Fund Manager of the Stanbic IBTC Infrastructure Fund has partnered SIFAX Group through its subsidiary, SIFAX Shipping ICT Limited, to facilitate the development of an ultra-modern port terminal on 8.3 hectares of land (~82,846 m²)...
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NNPC Woos Global Investors, Harps On LNG Train7 Project, Others
March 12, 2025 No Responses

NNPC Woos Global Investors, Harps On LNG Train7 Project, Others

The Nigerian National Petroleum Company Limited (NNPC Ltd) has called on global investors to direct their attention to the Nigerian oil and gas sector as the nation is now an investors’ haven owing to the robust regulatory reforms and the...
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Zacch Adedeji:Naira-For-Crude Policy Remains In Place
March 11, 2025 No Responses

Zacch Adedeji:Naira-For-Crude Policy Remains In Place

Our attention has been drawn to reports suggesting that the naira-based crude oil supply arrangement with local refineries has been discontinued, forcing the domestic refineries to rely solely on international crude purchases.These reports do not reflect the r...
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NNPC Reacts To Fresh Controversy On Naira Crude Contract With Dangote Refinery
March 10, 2025 No Responses

NNPC Reacts To Fresh Controversy On Naira Crude Contract With Dangote Refinery

NNPC Limited has noted recent reports circulating on social media regarding the alleged unilateral termination of the crude oil sales agreement in Naira between NNPC Ltd. and Dangote Refinery.To clarify, the contract for the sale of crude oil in Naira...
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FG Reiterates Commitment To Disburse CVFF
March 10, 2025 No Responses

FG Reiterates Commitment To Disburse CVFF

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has reaffirmed the commitment of President Bola Ahmed Tinubus administration to the disbursement of the Cabotage Vessel Financing Fund (CVFF).This was the focus of discussions whe...
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FG Approves N151.9b Contract For Electric Buses, Tricycles
March 10, 2025 No Responses

FG Approves N151.9b Contract For Electric Buses, Tricycles

The Federal Government has concluded plans to commence mass electric vehicle transportation in North-East Nigeria, following the approval of N151.9 billion contracts by the Federal Executive Council (FEC).The contracts cover the supply of electric buses and tr...
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NSML MD Lauds 2024 Performance, Stakeholders
March 9, 2025 No Responses

NSML MD Lauds 2024 Performance, Stakeholders

The Managing Director/Chief Executive Officer, NLNG Shipping and Marine Services Limited (NSML), Abdulkadir Ahmed, has described the year 2024 as watershed year for the company.Addressing staff and stakeholders at the 2024 Performance Recognition Awards ceremo...
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NSML Honours Staff, NPA Pilot, NIMASA, Others
March 9, 2025 No Responses

NSML Honours Staff, NPA Pilot, NIMASA, Others

By Moses Ebosele, ebosele@hotmail.com The management of NLNG Shipping and Marine Services limited (NSML), a subsidiary of Nigeria LNG Limited, has honoured staff and key stakeholders for their immense contributions to the growth of the company in 2024.Speaking...
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Shippers’ Council Pledges Support For NIMAREX
March 9, 2025 No Responses

Shippers’ Council Pledges Support For NIMAREX

The Executive Secretary/CEO of Nigerian Shippers’ Council,Dr  Akutah Pius Ukeyima  has received the planning committee of Nigeria Maritime Conference and Exhibition (NIMAREX) at the Council headquarters in Lagos.  The meeting focused...
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Sanwo-Olu Reiterates Commitment To Lekki Airport, Others
March 9, 2025 No Responses

Sanwo-Olu Reiterates Commitment To Lekki Airport, Others

Lagos State Governor, Mr. Babajide Sanwo-Olu, on Saturday said his administration is committed to the delivery of the proposed Lekki International Airport and other iconic infrastructural projects in different parts of the state.He said regulators in the Aviat...
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FG Reiterates Commitment To Sustainable Mobility Solution In Nigeria
March 8, 2025 No Responses

FG Reiterates Commitment To Sustainable Mobility Solution In Nigeria

The Federal Government, on Friday, reiterated it’s commitment towards promoting sustainable transportation and reducing carbon emissions in the country.The Minister of State for Industry, Sen. John Owan Enoh, reiterated the Federal Government position at...
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ABC Transport Procures Specialised Trucks For Bulk Delivery Of Lafarge Clement
March 7, 2025 No Responses

ABC Transport Procures Specialised Trucks For Bulk Delivery Of Lafarge Clement

After deploying a new fleet of Compressed Natural Gas (CNG) trucks to boost cement haulage at Lafarge Africa Plc, ABC Transport PLC has made another move to further expand its trucking capacity.In the latest strategic investments, ABC Transport has added...
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United Capital Investors Get N2.40K Total Dividend For 2024
March 6, 2025 No Responses

United Capital Investors Get N2.40K Total Dividend For 2024

For the year 2024, United Capital Plc (UCAP) attained Profit After Tax (PAT) of N24.10billion, compared to N11.42 billion recorded in 2023, representing 111.03 per cent increase.Building on a decade of consistent dividend payments, United Capital achieved a si...
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AfCFTA: NPA Boss Harps Nigerian Ports Competitiveness
March 5, 2025 No Responses

AfCFTA: NPA Boss Harps Nigerian Ports Competitiveness

Determined to ensure that the Nigerian ports take advantage of the intra African trade that is expected to increase with the coming into operation of the African Continental Free Trade Area (AfCFTA), the Managing Director of Nigerian Ports Authority (NPA),...
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