Home / Business and Economy (page 3)

Business and Economy

Air Peace targets Dubai, London other international routes in 2019

By Adekunle Williams and Solomon Asowata Lagos, Dec. 27, 2018 Air Peace has unveiled its plan for the aviation sector in 2019, assuring air travellers of packages including exceptional long-haul flights to Dubai, Sharjah, London, Guangzhou-China, Houston, Mumbai and Johannesburg. The Chairman of Air Peace, Mr Allen Onyema, gave the …

Read More »

SPDC announces FID on Assa North Gas Project …targets 300 million cubic feet gas for domestic market

The Shell Petroleum Development Company of Nigeria Limited (SPDC) has announced the Final Investment Decision (FID) on the Assa North Gas Development Project in Imo State, a major momentum to the domestic gas aspiration of the Federal Government for increased power generation and industrialisation. At peak production, the project is …

Read More »

Wage: Nigeria Dock labour gets new lease of life   …As NIMASA, STOAN, MWUN others sign Collective Bargaining Agreement 

  In a bid to ensure a better living standard for dock workers in the Nigeria maritime industry, the Nigerian Maritime Administration and Safety Agency (NIMASA) alongside other associations in the sector under the aegis of the National Joint Industrial Council (NJIC) have signed a Collective Bargaining Agreement (CBA), which …

Read More »

Maritime, logistics, heartbeat of globalisation – Dakuku   …Bags CILT Fellowship Award

The Director General of the Nigerian Maritime Administration and Safety Agency, Dr. Dakuku Peterside, has said that the maritime sector and logistics are the driving force behind globalisation, stressing that everything about trade and development is centred on maritime transport and logistics. Dakuku stated this at the inauguration of Council …

Read More »

$60 million Ikwe-Onna Refinery to commence operation *FG hails operators, says modular refinery will stop illegal activities in Niger Delta

Dennis Udoma The project execution phase of the $60 million United States Dollars (USD) 5,000 barrels per day Ikwe-Onna Modular Refinery has commenced in Akwa Ibom State. The Ikwe-Onna refinery, incorporated in 2016, it would be recalled, was granted Authority To Construct (ATC) license barely few months ago by the …

Read More »

Blue Economy sustainability: Nigeria to partner other African countries – Amaechi   

The Federal Government of Nigeria has expressed its readiness to cooperate with sister countries and development bodies to advance Africa’s prosperity through the safe and sustainable use of the continent’s vast sea and ocean resources. The Minister of Transportation, Rt. Hon. Rotimi Amaechi, made this known in his speech at …

Read More »

Association of Electricity Distributors berates Gov Obaseki over row with BEDC

The Association of Nigerian Electricity Distributors, ANED, has lent its voice to the ongoing row between the Governor of Edo State, Godwin Obaseki and the management of Benin Electricity Distribution Company (BEDC). Speaking in response to media queries, ANED’s Executive Director for Research and Advocacy, Chief Sunday Oduntan, in a …

Read More »

Dakuku: Sustainable use of the ocean will lift Africa out of poverty   … AAMA commits to champion Blue Economy.

  The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has said that development of the blue economy is a veritable strategy for advancing African economies and lifting the people out of poverty. Dakuku stated this on Monday in Nairobi, where he led a …

Read More »

Emerging hydrogen energy world: Implications for crude oil exporting countries  By Prof Chijioke Nwaozuzu

  Hydrogen has long been used across several industries, including the process for converting heavy petroleum extracts into lighter, exploitable forms of fuel. But the objective of turning hydrogen itself into a viable and clean energy source to power vehicles and heat houses is the potential game-changing solution that could …

Read More »

Dakuku congratulates Ki-tack Lim on his second term

The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has congratulated the Secretary-General of the International Maritime Organisation (IMO), Ki-tack Lim, on his re-election as head of the specialised United Nations body. Dakuku, who is also the Chairman of the Association of African Maritime Administrations …

Read More »

Budget implementation: House Committee expresses confidence in NIMASA Management …As Dakuku reiterates Agency’s commitment to capacity development

The House of Representatives Committee on Maritime Safety, Education and Administration has commended the Management of the Nigerian Maritime Administration and Safety Agency (NIMASA) for its efforts in repositioning the country’s maritime sector for greater efficiency. The committee gave the commendation in Lagos, when it paid an oversight visit to …

Read More »

Ecobank Transnational Incorporated announces closure of USD 200 million syndicated loan facility

The facility was oversubscribed at USD 268.5 million, with Ecobank Transnational Incorporated (ETI) increasing Deutsche Bank’s mandate as arranger from USD 150 million to 200 million LOME, Togo, November 20, 2018/ Ecobank Transnational Incorporated, ETI, the Lomé-based parent company of the Ecobank Group (www.Ecobank.com), announced Tuesday the successful close of …

Read More »