Home / Business and Economy

Business and Economy

ICRC commends NNPC for transparent public bid opening processes …..As 78 companies bid for rehabilitation of NNPC critical pipelines, downstream infrastructure

The Director General of the Infrastructure Concession Regulatory Commission (ICRC), Engr. Chidi Izurah, has commended the leadership of the Nigerian National Petroleum Corporation (NNPC) for totally driving a transparent bid opening processes for the rehabilitation of NNPC pipelines and its critical downstream infrastructure noting that NNPC is showing to the …

Read More »

Shell MD urges Nigerian companies to be creative, collaborate to benefit from local content opportunities

Industry players and companies ready to be creative and collaborate have immense business opportunities in providing quality solutions to the challenges that the oil and gas industry faces in implementing Local Content as required by the Nigerian Oil & Gas Industry Content Development (NOGICD) Act, says the Managing Director of …

Read More »

Nigeria securing more sea time for Cadets despite COVID-19 …NSDP progressing as planned – Jamoh

The Nigerian Maritime Administration and Safety Agency (NIMASA) has made significant progress in securing sea time berths for cadets trained under the Nigerian Seafarers Development Programme (NSDP), despite the limitations of the coronavirus pandemic. Director-General of the Agency, Dr. Bashir Jamoh, disclosed this in Lagos following a recent three-month extension …

Read More »

First Bank MD, Adeduntan, receives Forbes Best of Africa Award; President Buhari hails

President Muhammadu Buhari has congratulated Dr Adesola Kazeem Adeduntan, the Managing Director of First Bank Nigeria Limited, for being named a recipient of the Forbes Best of Africa Award. President Buhari, in a message by Femi Adesina, his Special Adviser (Media and Publicity), urged Dr. Adeduntan “to always hoist the …

Read More »

NIMASA key in stopping country’s oil dependence- Gov. Diri · Says Nigeria’s future lies in maritime development

Governor of Bayelsa State, Senator Duoye Diri, says the Nigerian Maritime Administration and Safety Agency (NIMASA) is key in efforts to wean Nigeria from its dependence on crude oil, stressing that the most enduring wealth of the country is in maritime. Diri stated this on Monday in Lagos, when he …

Read More »

Crude Affreightment: NIMASA revives move to change Terms of Trade • Seeks new maritime security strategy

The 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) to Cost Insurance and Freight (CIF). Director-General of NIMASA, Dr. Bashir Jamoh, disclosed this in Lagos, when he received a delegation …

Read More »

“We must help Africa build back boldly, but smartly,” says African Development Bank President Adesina

ABIDJAN, Ivory Coast, September 1, 2020/ In a speech kicking off his second term as African Development Bank (https://www.AfDB.org/) chief, newly sworn in President Akinwumi Adesina unveiled a sweeping vision to consolidate the institution’s successes of the last five years, hone the Bank’s operations and exploit opportunities and urgency created …

Read More »

Kyari lists parametres to sustainable growth in Nigeria Petroleum Industry

For the Nigerian Petroleum Industry to move forward in the face of the COVID-19 pandemic, the Nigerian National Petroleum Corporation (NNPC) Group Managing Director, Mallam Mele Kyari, Tuesday, urged the Industry stakeholders to evolve innovative ways to reposition the Sector for sustainability. The NNPC GMD, speaking at the opening ceremony …

Read More »