City BusinessNews Archives — Page 97 of 371

October 11, 2023 No Responses

NDDC, NLNG Sign Pact On Development In Niger Delta

The Niger Delta Development Commission (NDDC) and Nigeria LNG Limited (NLNG) on Tuesday signed a Memorandum of Understanding (MoU) to leverage shared aspirations and collaborate on diverse fronts in the delivery of sustainable development projects in the region.At a brief...

October 11, 2023 No Responses

Minister: Nigerian Content Key To Meeting Renewed Hope Agenda

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has identified the effective implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act 2010 as one of the key levers for actualizing the Renewed Hope Ag...

October 11, 2023 No Responses

Chamber Of Shipping Rolls Out Data Collection System

The International Chamber of Shipping (ICS) has launched a Carbon Intensity Indicator (CII) Data Collection System. CII is a rating system developed by the International Maritime Organization (IMO) to measure the energy efficiency of ships, above 5,000 gross t...

October 10, 2023 No Responses

NLNG Advocates For Urgent Action To Secure Gains From Gas

Nigeria must be deliberate in its desire to take opportunities offered by the energy transition, the recognition of gas as a transition fuel and the quest for clean energy to increase its gas investment and harvest the gains from gas,...

October 10, 2023 No Responses

NIMASA DG: Nigerian Maritime Industry Progressing On The Right Path

The Director General of the Nigerian Maritime Administration and Safety Agency, NIMASA, Dr Bashir Jamoh, OFR on Monday declared the country’s maritime sector as one of the fastest growing on the African continent. Dr Jamoh, who stated this on Monday dur...

October 10, 2023 No Responses

MSC, Seaspan Welcome New 24k TEU Boxship

The sixth 24,000TEU ultra large container ship MSC Micol built by Yangzi Xinfu Shipbuilding, a subsidiary of Yangzijiang Shipbuilding Group, was delivered to the shipowners Seaspan and Mediterranean Shipping Company (MSC) and put into operation. the vess...

October 9, 2023 No Responses

Oil Prices Rally On Supply Disruption Fears

Oil prices jumped by 4% on Monday on concerns that the situation in Israel and Gaza could disrupt output from the Middle East. BBC report that West Texas Intermediate (WTI), the benchmark for US oil, rose to more than $86...

October 9, 2023 No Responses

Tinubu Pledges 500,000 Jobs As Ajaokuta Steel Nears Completion

President Bola Ahmed Tinubu declared on Sunday that with the hitherto abandoned Ajaokuta Steel Complex now nearing completion, the project will have the capacity to employ 500,000 Nigerians once designated as a free trade zone. The President further promised t...

October 9, 2023 No Responses

Chief Of Air Staff To GOCOP: Fish Out Fake News Peddlers

The Chief of the Air Staff (CAS), Air Marshal Hasan Bala Abubakar, has described online publishers as critical elements in the fight against all forms of criminality in Nigeria by virtue of their advantage of reach, penetration, speed and resilience....

October 9, 2023 No Responses

Lagos Clamps Down On Illegal Jetty Construction

The Lagos State Government has clamped down on illegal and substandard jetty construction in Ijegun-Egba in Amuwo Odofin Local Government Area, Directing that a ‘Stop-Work-Order’ should be served on the builders of the jetty on Saturday, the Commis...

October 9, 2023 No Responses

NGX Group Announces Key Board Changes Across Subsidiaries

Nigerian Exchange Group Plc (NGX Group) has announced significant changes to the board of its subsidiaries, Nigerian Exchange Limited (NGX), NGX Regulation Limited (NGX RegCo), and NGX Real Estate Limited (NGX RelCo). Effective 27 September 2023, NGX has appoi...

October 8, 2023 No Responses

Shell’s LNG Bunker Vessel Debuts

Shell’s liquefied natural gas (LNG) bunker vessel New Frontier 2 has completed its inaugural bunker operation at the Port of Jamaica. The bunkering operation was carried out in Portland Bight with the assistance of the Maritime Authority of Jamaica and...

October 8, 2023 No Responses

Buratai Tasks Online Media On Good Governance, Democracy

Former Chief of Army Staff, Lt-Gen Tukur Yusuf Buratai (rtd) has given Kudos to the online media, especially the Guild of Corporate Online Publishers (GOCOP), which he described as the fulcrum of good governance. Buratai, who is also Nigeria’s former...

October 8, 2023 No Responses

UN Officials Condemn Deadly Attacks In Israel

The UN Secretary-General condemned “in the strongest terms” the attack by Hamas against Israeli towns, UN Spokesperson Stéphane Dujarric said. At dawn, a Hamas-led operation launched thousands of rockets towards Israel from the Gaza Strip, according to th...