Wednesday, August 12 , 2020
Oil prices moved higher on Wednesday after an industry report showed that U.S. inventories of crude fell more than analysts expected, bolstering hopes that fuel demand in the world’s biggest economy can weather the coronavirus pandemic…Read more.
The dollar inched ahead on Wednesday, as a jump in U.S. yields pushed it higher against the Japanese yen, while the kiwi briefly hit a one-month low after the central bank extended its bond-buying programme…Read more.
Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Bashir Jamoh, who disclosed this during a meeting with the Shipowners Association of Nigeria (SOAN), said NIMASA had secured approval for the disbursement…Read more.
Amid the general gloom that the economy has suffered as a result of coronavirus pandemic, the volume of petrol imported into the country in May plummeted by 72.65 per cent, the latest data obtained from the Nigerian National Petroleum Corporation have shown…Read more.
A circular by the DMO on Tuesday showed the breakdown of the figure to include a N25bn 10-year reopening bond that would mature in January 2026 and be offered at 12.5 per cent; and a N40bn 15-year reopening bond that would mature in March 2035 and be offered at 12.5 per cent…Read more.
Transactions in the Nigerian equity market on Tuesday closed negative for the second consecutive trading day, following sell-off on some high-valued stocks. The All-Share Index dipped by 143.91 basis points or 0.057 per cent to close at 24,883.70 bps…Read more.
Lagos State government is seeking partnerships that will deliver the local production of between 600,000 and 1 million electricity meters to meet the needs of citizens and address challenges associated with estimated billing…Read more.
The economies of Nigeria’s states are sinking under the suffocating weight of domestic debt owed by the states and which has now ballooned to more than four trillion Naira. This debt burden excludes the issuance of Naira denominated bonds which currently stand at over N390bn…Read more.
Stakeholders in the Nigerian oil and gas industry have again emphasised the need for the government to make haste and ensure the unlocking of Oil Mining Lease 11 (OML11), which has remained dormant since Shell Petroleum Development Company (SPDC) withdrew from the location in 1993…Read more.
The Managing Director and Chief Executive Officer of Artel Nigeria, Mr. Segun Ogunsanya, has announced that Airtel Nigeria would be spending N300 million to support the fight against COVID-19, as part of activities marking a decade of doing successful business in Nigeria…Read more.
The federal government will not abandon its plan to concession up to 178 identified flare gas fields through its Nigerian Gas Flare Commercialisation Program (NGFCP) which it initiated in 2018…Read more.
President Muhammadu Buhari will tomorrow inaugurate the newly completed 17-storey headquarters building of the Nigerian Content Development and Monitoring Board (NCDMB), located in Yenagoa, Bayelsa State…Read more.
AMIDST complaints of non- patronage by Nigeria, the country’s indigenous ship owners and the Nigerian Maritime Administration and Safety Agency, NIMASA, seem set for a definite deadline of December 31, 2020 for phasing out single hull vessels in Nigeria…Read more.
Executive Secretary/CEO of NSC, Hassan Bello, who disclosed this while speaking with Vanguard Maritime Report in Lagos, said for effective coordination of activities of all agencies involved in the export processes, there was a need to establish a Central Command…Read more.