Energy
NNPC deploys online petroleum products procurement solutions
The Nigerian National Petroleum Corporation (NNPC) Corporation has deployed online petroleum products procurement solutions and also developed a contacts-tracing software application that would be deployed in all its locations across the country. This is in line with the Transparency, Accountability and Performance Excellence (TAPE) agenda of the present leadership of […]
Nigeria’s proven gas reserves hits 203.16tcf
Nigeria Crude oil reserves now 36.89 billion barrels Nigeria has announced that its proven natural gas reserve is now 203.16 trillion cubic feet (tcf) while crude oil reserve is now 36.89 billion barrels (bb) as at January 1, 2020. Speaking during a media interactive session on Tuesday, Director of Department […]
NIPS 2020: Nigeria gas transportation network code launched
The Minister of State for Petroleum Resources, HE Chief Timipre Sylva, has launched the National Gas Transportation Network Code on Monday February 10, 2020 on the opening day of the third edition of the Nigerian International Petroleum Summit (NIPS 2020) in Abuja. During the event which was declared open by […]
Maritime
NPA commences severance package payment for sacked dockworkers
The sacked Tally Clerks and On-board ship Gangway Security of the Nigerian Ports Authority (NPA) have begun to smile home as payment of their severance package commences. Though some of the beneficiaries of the exercise returned home disappointed on Monday December 23, because they were not paid but such failure was […]
Maritime stakeholders call for FG intervention towards Eastern Nigeria ports
Some stakeholders in the maritime sector have urged the Federal Government to consider some incentives that could serve as intervention to make the seaports in the Eastern parts of Nigeria to be more attractive for port users. The stakeholders said the current incentives provided for those using the Eastern ports are […]
Nigeria secures special mission vessel for marine safety
Poised to fully combat insecurity in Nigeria’s waterways up to the Gulf of Guinea, the country has taken delivery of its first special mission vessel under the deep blue project. Monitoring Team, also known as Integrated National Security and Waterways Protection Infrastructure, Mrs. Olu Mustapha, disclosed this in Lagos, at […]
Industry
World Bank identifies key bottlenecks before Nigeria in implementing AfCFTA
Though Nigeria may have signed the African Continental Free Trade Area (AfCFTA) agreement, it may not enjoy the benefits of the deal if three of the major technical challenges that need serious consideration are not addressed, especially as governments negotiate the terms of their participation in the trade deal. According […]
Experts speak on why real estate investment is still low in Nigeria
To further unlock real estate potentials in the country, economists and real estate practitioners from Nigeria and other countries have advocated for the removal of bottlenecks that hinder local and international investments in the sector. The experts, who spoke at a business forum organised by the International Real Estate Federation […]
‘AfCFTA will only become a reality if infrastructure within continent is developed’ – President Ramaphosa
Few months to the July 2020 proposed date for the implementation of the African Continental Free Trade Area (AfCFTA) agreement to be implemented, the Chair of African Union (AU) President Cyril Ramaphosa of South Africa has said. In his keynote address, President Ramaphosa stated that the continent’s domestic priorities – […]
