Economy Archives — Page 116 of 259

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 during...

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 7, 2023 No Responses

FG Seeks Partnership With Banking Sector On One Million Digital Jobs

The Vice President, Kashim Shettima has called for the partnership and support of the banking sector as part of measures to create one million digital jobs for young Nigerians. Shettima made this appeal during a meeting with a delegation f...

October 7, 2023 No Responses

Photo News

R-L: Permanent Secretary, Federal Ministry of Marine and Blue Economy/Transportation, Dr. Magdalene Ajani, Honourable Minister, Federal Ministry of Marine and Blue Economy, Adegboyega Oyetola, CON and Director General, Nigerian Maritime Administration and Safe...

October 7, 2023 No Responses

Maritime Stakeholders Seek Safe Ammonia Use

Stakeholders in the shipping industry have collaboratively addressed the paramount safety challenges and best practices essential for integrating ammonia as an alternative marine fuel. Specifically, the stakeholders called for safe ammonia use during an event ...

October 6, 2023 No Responses

Divestments Of Oil Assets: NCDMB Warns Against Reduction In Compliance, Tax Revenue

The ongoing and planned divestments of onshore assets by some international operating oil and gas companies (IOCs) and subsequent acquisition by Nigerian operating companies must not be allowed to impact negatively on the level of compliance with the Nigerian ...

October 6, 2023 No Responses

Permanent Secretary Harps On Teamwork, Assures Staff Of Quality Leadership, Support

The Permanent Secretary, State House, Engr Olufunso Adebiyi, Thursday in Abuja emphasized that it had become imperative that civil servants imbibed the spirit of team work, commitment and desire for customers’ satisfaction at all times and enjoined them to c...