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Vessel demand profile for oil, gas operation

The Nigerian Content Development and Monitoring Board (NCDMB) in partnership with key stakeholders have developed a five-year vessel demand profile for oil and gas...

Shipping institute advises Nigeria on cabotage fund

Dr Vicky Haastrup, the President of Certified Institute of Shipping (CIS),  has advised the Federal Government to disburse the Cabotage Vessel Financing Fund (CVFF) to...

TSA spurs growth in value, volume of transactions

TSA spurs growth in value, volume of transactions The Central Bank of Nigeria (CBN) says the migration of the Federal Government Ministries, Departments and Agencies...

Nigeria rolls out 116,000 megawatts of electricity

The Transmission Company of Nigeria (TCN) rolled out 116,659.8 megawatts in November due to increase in electricity generation. The daily statistics of TCN operations released...

Nigeria’s inflation increases – NBS

The National Bureau of statistics (NBS), says the Consumer Price Index (CPI), which measured inflation increased to 11.28 per cent (year-on-year) in November from...

PENGASSAN urges lawmakers to pass petroleum bill

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) on Friday urged the National Assembly to pass the Petroleum Industry Bill (PIB)...

Manufacturers want check on malpractices at borders

The Manufacturers Association of Nigeria (MAN) has  urged the Federal Government to address recurrent trade malpractices at the borders by deploying appropriate border surveillance...

NPA urges terminal operators to ease congestion at seaports

The Managing Director of Nigerian Ports Authority, Hajia Hadiza Bala-Usman, has called on terminal operators, shipping companies and allied stakeholders to eradicate the present...

Oil, gas bearing communities will get derivation fund

President Muhammadu Buhari has assured Nigerians that he would ensure that he worked within the law to ensure that oil and gas resources producing...

World Bank’s $750m loan for Nigeria’s states

The World Bank’s $750 million loan and grant would soon be disbursed to Nigeria’s 36 states and the Federal Capital Territory (FCT), the Minister...

Afreximbank inaugurates $1b Nigeria-Africa Trade programme

The African Export-Import Bank (Afreximbank) has inaugurated a one billion dollars Nigeria-Africa Trade and Investment Promotion Programme (NATIPP) to promote and expand trade and...

China to focus on Nigeria’s industrialisation, agriculture

The Chinese Government says it is willing to give priority attention to Nigeria’s industrialisation and agricultural modernisation. Mr Zhao Linxiang, Economic and Commercial Counsellor of...

Oil marketers want full deregulation of downstream

Oil marketers have urged the Federal Government to fully deregulate the downstream subsector of the oil and gas industry to preserve the country’s dwindling...

Fairly used gas cylinders dangerous

The Standards Organization of Nigeria (SON) has warned Nigerians and importers on the grave consequences of the patronage of fairly used cooking gas cylinders. Mr...

$4.2b textiles import hits Nigeria yearly

The cumulative value of textiles and garments imported or smuggled into the Nigeria annually has been estimated at $4.2 billion. The Minister of State for...

Stable petrol supply excites Buhariv

President Muhammadu Buhari has lauded the leadership of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) for ensuring stable and smooth supply...

World debt climbs to $184trn

The International Monetary Fund (IMF) has said that the world debt has hit an all-time high record of $184 trillion, an upward review from...

Minimum wage: Governors, President to meet

Governors are to meet President Muhammadu Buhari again to find a way out of the controversy surrounding a new minimum wage, just as Nigeria...

Apple mulls $1b on second campus in U.S

In a determined at creating 20,000 new jobs in the next five years in the U.S., Apple Inc (AAPL.O) has resolved to invest 1...

Global oil market moving to deficit

The global oil market could move into deficit sooner than expected thanks to OPEC’s output agreement with Russia and to Canada’s decision to cut...

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Vessel demand profile for oil, gas operation

The Nigerian Content Development and Monitoring Board (NCDMB) in partnership with key stakeholders have developed a five-year vessel demand profile for oil and gas...

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