Sign in
Sign in
Recover your password.
A password will be e-mailed to you.
Browsing Category
Business & Economy
Maritime security: NIMASA, Air Force set to deploy assets for deep blue project
Maureen Ogbuokiri
Air assets acquired under the Deep Blue Project, also called the Integrated National Security and Waterways Protection Infrastructure, domiciled with the Nigerian Maritime Administration and Safety Agency (NIMASA) are…
COVID-19: CBN supports households, companies with N369bn
The Central Bank of Nigeria (CBN) has disbursed a total of N369 billion to households and businesses that were affected by the COVID-19 pandemic.
Speaking at the 13th annual conference of the Chartered Institute of Bankers of Nigeria…
CBN targets 300,000 houses with N200bn fund
Maureen Ogbuokiri
The Central Bank of Nigeria (CBN) has launched a N200 billion financing initiative to fast track the deployment of 300,000 homes across the 36 states and the federal capital territory (FCT).
The apex bank released a…
Contract breach: Trouble brews over Customs concession to Chinese, others
…NIigeria may lose N1trn on litigation fees
As the Federal Government re-awards the 20-year contract it had with Messrs Adani Mega Systems Limited/ Webb Fontaine for the automation of Nigeria Customs Service to a Chinese IT firm, Hawai…
FG in fresh moves to sell refineries
Maureen Ogbuokiri
There are indications that the Federal Government may have commenced fresh moves sell its four refineries to private operators. Group Managing Director of NNPC Mele Kyari disclosed that there are ongoing talks for the…
Crude Affreightment: NIMASA revives move to change terms of trade
...Seeks new maritime security strategy
Chidi OgbuokiriThe Nigerian Maritime Administration and Safety Agency (NIMASA) has revived efforts to change the Terms of Trade for the affreightment of Nigerian crude oil from Free on Board (FOB)…
DISCOs raise tariff by 50%
Chidi Ogbuokiri
Electricity distribution compaines, otherwise known as DisCos have implemented a new tariff regime that will have most consumers in Africa’s most populous country paying 50 per cent more for electricity.
The new rates…
Nigeria to deepen cooperation in shipping with Korea
Chidi Ogbuokiri
Nigeria and South Korea have agreed to intensify their collaboration in trade and shipping development. This was disclosed in Lagos during a meeting between the Director-General of the Nigerian Maritime Administration…
FG to commence sold minerals mining despite Covid-19
The Federal Government said it aims to have 50 mines in operation by 2023 and can make up for time lost because of the impact of Covid-19 on development of the nascent sector, Minister of Solid Minerals, Olamilekan Adegbite has said.
…
BUA partners French Axens to build 200,000 bpd refinery
Nigerian conglomerate BUA Group has selected France’s Axens for a multibillion-dollar 200,000 barrel per day (bpd) refinery and petrochemicals plant in Nigeria, the French company said in a statement on Tuesday.
Axens, which makes…