BPE: 37 per cent of privatized firms not performing

BPE: 37 per cent of privatized firms not performing

The Bureau of Public Enterprises (BPE) has privatized 142 enterprises from inception to date, Director General of the privatization agency, Mr. Alex A. Okoh has revealed. Receiving members of the House of Representatives Committee on Privatisation, led by its Chairman,...
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‘Global Energy Market Forecast Favours Gas’

‘Global Energy Market Forecast Favours Gas’

The Managing Director and Chief Executive Officer of Nigeria LNG Limited (NLNG), Tony Attah, on Monday, said projections put gas in the top quartile of the most competitive and strategic investments in the global energy market.   Attah spoke at...
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Dana Air Passenger Commends Pilot as FAAN blames Port Harcourt incident on bad weather

Dana Air Passenger Commends Pilot as FAAN blames Port Harcourt incident on bad weather

Bayelsa State politician, Mr. Famous Daunemigha who was on board a Port Harcourt-bound Dana aircraft that skidded off the Port Harcourt runway on Tuesday evening has commended the  ‘Pilot’s bravery and professionalism’.   Meanwhile, General Manager, Co...
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NPA Photo News

NPA Photo News

The Managing Director of the Nigerian Ports Authority (NPA), Hadiza Bala Usman presents a plaque to the Chief Executive Officer, Lekki Port (LFTZ) Enterprise, Navin Nahata when the latter paid a courtesy call on the MD at the NPA Corporate...
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‘Maersk, Nine Other Shipping Lines Control 90 Per Cent Of   Deep Sea Market’

‘Maersk, Nine Other Shipping Lines Control 90 Per Cent Of Deep Sea Market’

More than 87 pct of the global fleet capacity is controlled by only ten out of 67 shipping lines operating fully cellular containerships, which is less than 7 pct of the total lines, according to the data from MDS Transmodal....
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Weststar Breaks into Light-Duty Truck Segment in Nigeria with Mercedes-Benz Accelo

Weststar Breaks into Light-Duty Truck Segment in Nigeria with Mercedes-Benz Accelo

Customers can now order Mercedes-Benz Accelo truck in various applications depending on specific needs, Weststar Associates Limited, Authorised General Distributor for Mercedes-Benz in Nigeria said on Monday.   The company explained that following its succes...
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NPA Photo News

NPA Photo News

The Managing Director of the Nigerian Ports Authority (NPA), Hadiza Bala Usman (8th from left)) and the Chairman, House Committee on Ports Harbours and Waterways, Rt. Hon. Pat Asadu (9th from left), NPA Executive Director, Marine and Operations, Dr. Sokonte...
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NNPC Seeks Closer Ties among African Countries in Oil Sector

NNPC Seeks Closer Ties among African Countries in Oil Sector

The Nigerian National Petroleum Corporation (NNPC) has called for closer collaboration among African nations not only in oil and gas but across all sectors to leapfrog the economies in the continent.   Group Managing Director of the NNPC, Dr. Maikanti...
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NCDMB Injects $200m to Boost Indigenous Participation in Oil, Gas Sector

NCDMB Injects $200m to Boost Indigenous Participation in Oil, Gas Sector

 The Nigerian Content Development and Monitoring Board (NCDMB) said it set aside a 200-million dollar Nigerian Content Intervention Fund (NCIF) to boost participation of Nigerians in the oil and gas sector. The Executive Secretary of the board, Mr Simbi Wabot...
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IBB to FRSC: Be Dynamic, Brace Up for Modern Challenges

IBB to FRSC: Be Dynamic, Brace Up for Modern Challenges

As the FRSC marks 30 years of its existence, Gen. Ibrahim Babangida (rtd), Nigeria’s former military leader, has urged the outfit to be dynamic and brace up for challenges posed by new technologies. “The FRSC must brace up for modern...
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‘Overcapacity, Weak ‘Trading Demand’ Extends into 2018’

‘Overcapacity, Weak ‘Trading Demand’ Extends into 2018’

Overcapacity, weak ‘trading demand’ and weak OPEC output have depressed the conditions that usually boost long hauls in the tanker shipping market, according to BIMCO. As illustrated by the very weak rates for oil product transports during most parts of 2...
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INTELS 2018 women empowerment training scheme gets 700 applications

INTELS 2018 women empowerment training scheme gets 700 applications

No fewer than 700 women applied for admission into the 2018 Women Empowerment Programme Synergy Scheme (WEPSS) of oil and gas logistics giant, INTELS Nigeria Limited. A corporate social responsibility initiative of INTELS, WEPSS was established in 2013 with th...
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‘Label tax evasion, malpractices by Multinationals as foreign corrupt practices’

‘Label tax evasion, malpractices by Multinationals as foreign corrupt practices’

Nigeria’s Minister of Finance, Mrs. Kemi Adeosun, has called for the designation of tax malpractices by Multinational Corporations in Nigeria and other developing countries as ‘foreign corrupt practices’.   She made the call at the Platform for Collabor...
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Nissan’s crossover, SUV sales up by 12% in 2017

Nissan’s crossover, SUV sales up by 12% in 2017

Nissan’s global crossover and SUV sales increased more than 12% in 2017 to more than 2 million vehicles, driven by the all-new Nissan Kicks small crossover, the Rogue, X-Trail and Qashqai compact models, a refreshed Armada full-size SUV and the...
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