Economy Archives — Page 45 of 189

October 13, 2023 No Responses

NIMASA Act Amendment Bill Passes First Reading

The bill to amend the Nigerian Maritime Administration and Safety Agency NIMASA Act has passed the first reading on the Floor of the Nigerian Senate. Chairman Senate Committee on Marine Transport, Senator Wasiu Sanni Eshinlokun, who announced this during a...

October 13, 2023 No Responses

CBN Lifts Restriction On 43 Items

The Central Bank of Nigeria (CBN) has restated its commitment to boost liquidity in the Foreign Exchange (FX) market. CBN’s Director, Corporate Communications, Dr Isa AbdulMumin, made this known on Thursday in Marrakech. AbdulMumin also announced that Import...

October 13, 2023 No Responses

Obaseki Harps On Digital Infrastructure

The Edo State Governor, Mr. Godwin Obaseki, has said that the State’s adoption of an e-government platform and investment in digital infrastructure would provide new opportunities for youths to innovate and create digital solutions for use by the government ...

October 12, 2023 No Responses

Seplat CEO: Affordable, Reliable Energy Key To Creating Jobs

Affordable and reliable energy provides the right platform for businesses in Africa to create and retain jobs for its fast-growing population and further make the Continent sustainable. Access to energy and energy security remains critical for the Contin...

October 12, 2023 No Responses

Wabote: Oil Assets Divestments Will Boost Production, Employment

The Nigerian oil and gas industry is poised for a boost in crude oil production, employment creation, and capital injection with the planned divestment of some assets by select international oil and gas companies and concomitant acquisition by Nigerian operati...

October 12, 2023 No Responses

British Airways Suspends Flights To Tel Aviv

British Airways has suspended flights to Israel after turning back one of its planes shortly before landing, due to security concerns. Flight BA165 has returned to Heathrow after nearly reaching Tel Aviv on Wednesday, BA said. A spokesperson for Israel’s...

October 12, 2023 No Responses

Tinubu Appoints New CEOs For NCC, NIPOST, Others

President Bola Tinubu has appointed five new Chief Executive Officers across multiple agencies under the Federal Ministry of Communications, Innovations, and Digital Economy. In a statement on Wednesday, Special Adviser on Media and Publicity, Ajuri Ngel...

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 regio...

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

Photo News

L-R: Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri and the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote, inspecting civil work construction at the NCDMB Gas Hub at Polak...

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...