Tag: News

OPEC Mulls Cut In Oil Production  
June 4, 2023 No Responses

OPEC Mulls Cut In Oil Production  

The Organization of Petroleum Exporting Countries (OPEC) and its allies began two days of meetings on Saturday that may culminate in further production cuts of as much as 1 million barrels per day.  Reuters reports that the group faces flagging...
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Edo Partners Group, To Boost Capacity Of 3000 Workers
June 4, 2023 No Responses

Edo Partners Group, To Boost Capacity Of 3000 Workers

Edo state government has entered into a partnership with Technology for Social change and Development Initiative (Tech4dev) as part of measures to boost capacity of 3000 workers. Addressing journalists in Benin City, the Edo State Head of Service, Anthony Okun...
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Samsung Signs $172m Crude Carrier Contract
June 3, 2023 No Responses

Samsung Signs $172m Crude Carrier Contract

South Korean shipbuilder Samsung Heavy Industries (SHI) has signed a contract for the construction of two crude carriers. The shipbuilding firm will construct the vessels for an undisclosed shipowner from Oceania. The value of both ships is estimated at $172.....
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APMT Visits Shippers’ Council, Gets Regulated Service Provider Certificate
June 3, 2023 No Responses

APMT Visits Shippers’ Council, Gets Regulated Service Provider Certificate

AP Moller Terminals led by its Vice President Mr. Martijn Van Dongen leading a 4 -man delegation, paid a courtesy visit to Nigerian Shippers’ Council at its headquarters in Lagos on Friday. A statement issued by Head, Public Relations Unit, NSC,...
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NLC: COMMUNIQUE AT THE END OF AN EMERGENCY NEC MEETING  HELD ON FRIDAY, 2ND OF JUNE, 2023
June 3, 2023 No Responses

NLC: COMMUNIQUE AT THE END OF AN EMERGENCY NEC MEETING  HELD ON FRIDAY, 2ND OF JUNE, 2023

On Monday, the 29th day of May, 2023 the President of the Federal Republic announced during his inaugural speech the withdrawal of Subsidy on Premium Motor Spirit (PMS) in Nigeria. Consequently, the price of the product which is central to transportation....
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Access Bank Tops List Of Nigeria’s Most Valuable Brand 
June 3, 2023 No Responses

Access Bank Tops List Of Nigeria’s Most Valuable Brand 

Access Bank is the most valuable Nigerian brand, valued at NGN205.6 billion Following an impressive year-on-year brand value growth of 31%.  In a statement on Friday, Brand Finance explained that Access Bank has become the most valuable Nigerian...
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MTN Is Africa’s Most Valuable Brands
June 3, 2023 No Responses

MTN Is Africa’s Most Valuable Brands

Despite difficult operating conditions, Africa’s most valuable brands have demonstrated resilience and growth in 2023, according to the latest report by leading brand valuation consultancy, Brand Finance.  The top 200 brands in Africa have seen a co...
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Onyema Projects More Investment Flows In Nigeria
June 2, 2023 No Responses

Onyema Projects More Investment Flows In Nigeria

On the back of the new administration’s readiness to remove the fuel subsidy, unify exchange rates and ensure that investors and foreign businesses repatriate their hard-earned dividends and profits home, the Group Chief Executive Officer, Nigerian...
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Hassan Bello, Ex – Shippers Council Boss Bags National Award
June 2, 2023 No Responses

Hassan Bello, Ex – Shippers Council Boss Bags National Award

The immediate past Executive Secretary of the Nigerian Shippers’ Council (NSC), Barr. Hassan Bello, has been conferred with the prestigious National Honours Award of Order of the Niger (OON). Bello, who had been listed for the award by the administration...
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David Isiavwe: Nigeria Needs More Investment In Infrastructure To Support Electronic Payment Systems
June 2, 2023 No Responses

David Isiavwe: Nigeria Needs More Investment In Infrastructure To Support Electronic Payment Systems

Cybersecurity expert, Dr. David Isiavwe says despite the gains of the cashless policy in Nigeria, implementation is challenged due to inadequate critical infrastructure to support electronic payment systems, particularly in rural areas.  Dr. Isiavwe, who ...
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At NOGOF 2023, NIMASA DG Canvasses Terms Of Freight Review
June 2, 2023 No Responses

At NOGOF 2023, NIMASA DG Canvasses Terms Of Freight Review

The Director-General of the Nigerian Maritime Administration and Safety Agency, NIMASA, Dr. Bashir Jamoh OFR, said policies of the current administration at the Agency are tailored to complement efforts of the Nigerian Content Development and Monitoring Board ...
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Tinubu Appoints Gbajabiamila Chief of Staff
June 1, 2023 No Responses

Tinubu Appoints Gbajabiamila Chief of Staff

The current Speaker of the House of Representatives, Femi Gbajabiamila, has been appointed Chief of Staff to President Bola Ahmed Tinubu. By this appointment, he has been effectively removed from the upcoming 10th National Assembly. Gbajabiamila, who secured a...
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UNIZIK Teaching Hospital Bestows Benefactor Award on Onyema
June 1, 2023 No Responses

UNIZIK Teaching Hospital Bestows Benefactor Award on Onyema

The Nnamdi Azikiwe University Teaching Hospital, NAUTH, Nnewi, Anambra State, has bestowed a Benefactor Award on the Chairman of Air Peace, Barrister Allen Onyema, for his outstanding contributions towards the development of the hospital. According to a statem...
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Oil Prices Dip Amid Weak Chinese Demand
June 1, 2023 No Responses

Oil Prices Dip Amid Weak Chinese Demand

Oil prices dipped in early trade on Thursday for the third straight session after data showed an unexpected, large build in U.S. crude stocks, triggering fears of an oversupply amid signs of weaker Chinese demand. Reuters report that Brent crude...
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