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Business and Economy

Costs of elections shift: Billions of Naira lost- NACCIMA; It’ll affect credit rating, portfolio investments- Economist; Students preparing for WAEC, other exams affected – NUT; It can trigger anxiety, mental health disorders – Psychiatrist,  LASU VC

By NAN Reporters Feb. 16, 2019 Nigerians have been counting the costs of the postponement of the general elections earlier scheduled for February 16, 2019 and March 2, 2019. A few hours to the start of the Presidential and National Assembly polls, February 16, 2019, the Independent National Electoral Commission, …

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Nigeria to boost domestic gas supply by 600mmscfd …As NNPC, JV Partners sign FID on Assa North Fields

  A major step on attaining sufficiency in domestic gas supply was taken by the Nigerian National Petroleum Corporation (NNPC) Wednesday in Abuja with the execution of Final Investment Decision (FID) on the development of the 4.3trillion cubic feet Assa North/Ohaji South Fields (ANOH) in OML 21 between the corporation …

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FG committed to eradicating sea crimes – Dakuku; NIMASA undertakes surveillance training for security agencies  

In its effort to rid the Nigerian maritime domain of criminalities, the Federal Government through the Nigerian Maritime Administration and Safety Agency (NIMASA) has undertaken surveillance training for officers from the Nigerian Army, Nigerian Navy, Nigerian Air Force, Nigeria Police, the Department of State Services (DSS), and NIMASA, on the …

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Afreximbank to leverage $1bn to support FDI flow into Africa

By Lucy Nwachukwu Abuja,  Feb.  6, 2019 African Export-Import Bank (Afreximbank) has a vision to leverage one billion dollars in support of Fund for Export Development in Africa (FEDA) mission, the President, Prof Benedict Oramah, has said. Oramah made the disclosure at a Financing Investment and Trade in Africa conference organised by UNISIA-Africa …

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 Multilateral cooperation key to vessel safety, marine resources utilisation

The Director-General of Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, says the agency has created operational conditions that have prompted a turnaround in prospects for maritime safety and successful utilisation of the country’s enormous marine resources. Dakuku stated this in Abuja last week while delivering a lecture …

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Maritime: Federal Government projects 10% growth in 2019 · As NIMASA predicts more shipping activities

The Federal Government on Tuesday projected a 10 per cent growth in the Nigerian maritime industry. This was contained in the 2019/2020 maritime forecast unveiled by the Nigerian Maritime Administration and Safety Agency (NIMASA) in Lagos. The forecast, the second in the series is tagged “Harnessing the Maritime and Shipping …

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Investment in refinery, petrochemicals driven by innovation, efficiency, says Dangote

LAGOS, Nigeria, January 28, 2019 The ongoing investment by the Dangote Group in refining, petrochemicals, fertilizer and gas is driven by the desire to bring innovation and efficiency into all aspects of Nigeria’s oil and gas sector, the President/Chief Executive, Aliko Dangote has said. Dangote, who made this disclosure at …

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Maritime: Nigeria has ratified 40 Conventions, domesticated 19 international Laws – Peterside

The Director General, DG, of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dakuku Peterside, has disclosed that Nigeria has been able to ratify 40 conventions passed by the International Maritime Organisation (IMO) and International Labour Organisation (ILO) covering Maritime Safety, Labour and Marine Environment. The DG, who spoke in …

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NIMASA pledges to redouble efforts to reposition maritime sector … Bags Federal Agency of the Year Award … Dedicates honour to stakeholders

The Nigerian Maritime Administration and Safety Agency (NIMASA) says it would intensify its efforts to reposition the maritime industry in Nigeria, as the agency moves to become a leading maritime administration in Africa. The Director-General of NIMASA, Dr. Dakuku Peterside, stated this last week in Lagos during the Independent Newspapers …

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Konga, Visa partner to drive value offerings in e-commerce sector 

 E-commerce giant Konga has partnered with Visa, the world’s leader in digital payments to revolutionize the e-commerce sector in Nigeria. By leveraging the delivery of digital and secure payments solutions across key segments of the Konga Group’s business portfolio, the strategic partnership is positioned to drive greater efficiency in the …

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