Agreement Archives — City Business News

October 25, 2023 No Responses

Shippers’ Council, Stakeholders Seal Agreement On Storage Charges

Seaport Terminal operators have increased cargo storage from three to five days. The resolutions form part of the resolutions reached after a stakeholder meeting held with the Nigerian Shippers’ Council (NSC). Part of the resolutions re...

November 8, 2022 No Responses

Nigeria, 99 Others Back Agreement Against Illegal, Unregulated Fishing

Global action to fight illegal, unreported and unregulated (IUU) fishing has intensified as Nigeria and 99 other countries have now committed to the UN Food and Agriculture Organisation’s Agreement on Port State Measures (PSMA). The PSMA is the first b...

September 27, 2022 No Responses

NPA Assures Terminal Operators Of Renewed Concession Agreements

The Nigerian Ports Authority (NPA), has assured that the renewed Concession Agreements for five terminal operators that expired in 2021 are almost ready. The Managing Director NPA, Mohammed Bello Koko who made this known during a chat with journali...

September 8, 2022 No Responses

FEC Approves Nigeria-Kuwait Bilateral Air Deal

The Federal Executive Council (FEC) has approved the signing of a Bilateral Air Services Agreement between Nigeria and Kuwait. Minister of Aviation, Hadi Sirika, disclosed this on Wednesday while briefing State House Correspondents after FEC meeting pres...

August 29, 2022 No Responses

Hyundai, Kia Sign Patent License Agreement With Avanci

Avanci has signed patent license agreements with Hyundai Motor Company and Kia Corporation, increasing the total number of automotive brands licensed through Avanci to 45. Connected vehicles from the Genesis, Hyundai and Kia brands receive licenses...

July 28, 2022 No Responses

NEPZA, FIRS Agree To Adjust FTZs New Tax Administration Pact

The Nigeria Export Processing Zones Authority (NEPZA) and the Federal Inland Revenue Service (FIRS) have agreed to adjust some sections of the recently signed Memorandum of Understanding (MoU) on effective tax administration, to accommodate some salient concer...

January 21, 2022 No Responses

Shippers’ Council, FCCPC Seal Competition Agreement

The Federal Competition and Consumer Protection Commission (FCCPC) has signed a Memorandum of Understanding (MoU) with the Nigerian Shippers’ Council (NSC) to ensure fair competition among operators in the industry.FCCPC’s Chief Executive Officer, Mr Babat...

August 22, 2021 No Responses

FG Begins Implementation of MoU With NMA August 23

As part of measures to end ongoing indefinite strike by Resident Doctors across the country, the Federal Government is to commence implementation of the Memorandum of Understanding (MoU) with the Nigerian Medical Association (NMA) on Monday, August 23, 2021.&n...

July 15, 2021 No Responses

Shell Seals New NLNG Charter Agreements

Shell Tankers (Singapore) has inked new charter agreements with Knutsen LNG, Pan Ocean and investors advised by J.P. Morgan Asset Management for six Liquified Natural Gas (LNG) ships, bringing its LNG carrier fleet to a total of 24 vessels. Sla...

June 24, 2021 No Responses

NCDMB, NEXIM Seal $30m Capital, Capacity Building Fund Agreement

The Nigeria Content Development and Monitoring Bank (NCDMB) and the Nigeria Export Import Bank (NEXIM) have signed agreement on 30 $30million Capital and Capacity building Fund for the oil and gas sector servicing. Mr Simbi wabote, the Executive Secretar...

June 12, 2021 No Responses

FG Signs Brass Petroleum Products Terminal Agreement

The Federal government has signed shareholders agreement on construction of Brass Petroleum products Terminal Limited ( BPPT) to help curb illegal refining and stabilise products pricing in the Niger Delta region. Chief Timipre Sylva, Minister of s...

May 26, 2021 No Responses

NNPC, SNEPCo, Total, Others Seal 20 Years Deep Water Agreement

By citybusinessnews@yahoo.com — The Nigerian National Petroleum Corporation (NNPC) and its Production Sharing Contract (PSC) partners have executed agreements to renew Oil Mining Lease (OML) 118 for another 20 years. The partners are Shell Niger...

May 16, 2021 No Responses

Sierra Leone Ratifies China Railway, Port Lease Agreement

The Parliament of Sierra Leone has ratified the China Kingho Company’s rail and port lease agreement, the company told Xinhua on Saturday. The agreement will allow Kingho Railway and Port Company Limited to manage and operate the infrastructure of the....