NLNG achieves 83 percent of its Nigerianisation target
THE Nigerian Liquefied Natural Gas Company, NLNG has said that it has completed about 83 percent of its Nigerianization process…
Day: February 12, 2020
Brexit may present Nigeria mixed trade opportunities
The recently concluded deal on Britain’s exit of the European Union, popularly called Brexit, may present Nigeria with transaction uncertainty…
Dangote remains Africa’s wealthiest person for 9th consecutive year
For the ninth year in a row, Aliko Dangote of Nigeria has been declared as the wealthiest person in Africa,…
Hike in CRR may impair credit allocation to real sector — Rewane
The recent increase in banks’ Cash Reserve Ratio (CRR) by the Central Bank of Nigeria (CBN) to 27.5 percent may…
‘Infrastructure development in Lagos will boost diaspora investment’
Governor Babajide Sanwo-Olu has said the ongoing infrastructural development programme of the Lagos State Government, is a deliberate effort to…
Google launches $1 million fund for online safety
In a bid to support innovative ideas around privacy, safety and security in Sub-saharan Africa, Google has launched a $1 million pan-African…
AfDB, Asian Bank, others worsen poor nations’ debt problem – World Bank
World Bank has alleged that African Development Bank (AfDB), Asian Development Bank, and the European Bank for Reconstruction and Development…
NNPC, U.S. seal $1.1 million pact for 1,350MW Abuja power plant
A $1.1 million pact, expected to generate 1,350 megawatts (MW) Independent Power Plant was yesterday, in Abuja, signed between the Nigerian National Petroleum…
Shell, NNPC lament over Nigeria’s electricity deficit
Gas producers, Shell and the Nigerian National Petroleum Corporation (NNPC) have lamented over the poor electricity supply in Nigeria despite the abundant…
Trade challenges ahead for the shipping industry
BREXIT, IMO 2020 and the Coronavirus are plaguing the shipping industry of late and ECSA (European Community Shipowners’ Associations) is…
Quality of local rice improves as food prices drop across major markets
The quality of locally-produced rice in Nigeria has recorded significant improvement in recent weeks, as the latest Nairametrics Household Survey revealed that…
Customs to take delivery of 3 scanners by Q2’20
NIGERIA Customs Service, NCS, is set to take delivery of three scanners by end of the second quarter 2020, Vanguard…
Cargo diversion: Maersk, Safmarine deny dumping Lagos ports
CONTRARY to media reports, the world’s largest container carrier, Maersk and its sister company Safmarine have denied stopping their shipping…