Economy CBN devalues Naira again The Central Bank of Nigeria has adopted the Nafex rate as the government’s official exchange rate for the naira, effectively devaluing the currency ... By maritimemagMay 26, 20210
Economy Solid minerals exporters owe Nigerian government N17 billion unpaid royalty Minister of Mines and Steel Development, Mr Olamilekan Adegbite, on Monday lamented that exporters of solid minerals owe Federal Government N17 billion in ... By maritimemagMay 25, 20210
Economy N43.2bn Ibadan Dry Port stalked as Oyo Govt demands equity Abiola Seun The request for 15 percent equity by the Oyo State government has stalked the construction of the N43.24billion Ibadan Dry Port ... By maritimemagMay 24, 20210
Economy FG announces fresh regulations for local content development Chinazor Megbolu The Federal Government has announced and approved ministerial regulations that would be needed to usher in the development of Nigerian content. ... By maritimemagMay 22, 20210
Aviation FG approves four international airports as special economic zones Chinazor Megbolu The Federal Government has approved four airports in the country as special economic zones (SEZs). The Minister of Aviation, Senator ... By maritimemagMay 21, 20210
Economy Vandalism: Navy chides NNPC over 200,000 barrels crude oil theft Chinazor Megbolu The Nigerian Navy had chided the Nigerian National Petroleum Corporation (NNPC) for the loss of 200,000 barrels of crude oil to ... By maritimemagMay 21, 20210
Economy Sub-Saharan Africa needs $40bn annual investment for energy transition—Osinbajo Chinazor Megbolu The nation’s Vice-President, Prof. Yemi Osinbajo has stated that the sub-Saharan Africa (SSA) will need a yearly investment of $40 billion ... By maritimemagMay 20, 20210
Economy Wike pledges to partner NIMASA on blue economy initiative Abiola Seun Rivers State Governor, Nyesom Wike, has lauded the Nigerian Maritime Administration and Safety Agency (NIMASA) for designing and pursuing a Blue ... By maritimemagMay 20, 20210
Economy Transportation, Power, other sectors to benefit as Buhari asks parliament to approve $6.18bn external loan Chinazor Megbolu President Muhammadu Buhari on Tuesday asked the nation’s parliament to approve new external borrowing of $6.18 billion this year. The ... By maritimemagMay 19, 20210
Economy SON develops new standard procedures for energy products in Nigeria Segun Oladipupo The Standards Organisation of Nigeria (SON) has announced plans to unveil new energy standards under the United Nation’s Sustainable Development Goals ... By maritimemagMay 18, 20210
Economy Sylva lauds NCDMB over Oil and Gas Park Chinazor Megbolu The Minister of State for Petroleum Resources, Dr. Timipre Sylva has lauded the management of the Nigerian Content Development and ... By maritimemagMay 15, 20210
Economy Nigerian Exchange resumes trading with N25 billion growth Trading resumed on the Nigerian Exchange on Friday after the public holidays to mark the Eid-el-Fitr celebration with growth of N25 billion. Specifically, ... By maritimemagMay 15, 20210
Economy SEC bars unregistered operators from capital market after May 31 The Securities and Exchange Commission, (SEC), has declared that Capital Market Operators, CMO, who fail to renew their registration before May 31, 2021, ... By maritimemagMay 15, 20210
Economy TCN restores bulk power to all 330 KVA across grid The Transmission Company of Nigeria(TCN) says it has restored bulk power to all the 330 Kilo Volt (kV) Transmission Stations across the entire ... By maritimemagMay 15, 20210
Economy Deep Blue Project has reduced piracy in Nigeria’s Economic Zone – Jamoh Abiola Seun The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, yesterday said piracy in the country’s Exclusive Economic ... By maritimemagMay 14, 20210
Economy Investors commit $159m to revolutionise Nigeria’s cassava Fayus Group, in collaboration with Shine Bridge Global (SBG) and Africa Global Schaffer (AfGS), are investing $159 million in Nigeria’s oil palm and ... By maritimemagMay 11, 20210
