FAAN denies negligence of facilities, assures improved security checks at airports
Contrary to speculations that several checking in screening machines at Nigerian airports have been compromised and left to rot away, the management of the Federal Airports Authority of Nigeria (FAAN) has denied that it has neglected critical security checks during…
NPA begins enforcement of minimum safety standards for trucks in ports
The Management of Nigerian Ports Authority (NPA) on Wednesday, August 01, 2018, flagged off the enforcement of Minimum Safety Standards for trucks operating in Apapa and Tincan Islands Ports (TCIP). The kickoff was performed on behalf of the Management by…
Prevailing peace, security in Niger Delta now pushing up petroleum investments—Agip
More International Oil Companies (IOCs) have continued to testify on the positive impacts of steady peace in the oil rich Niger Delta since this year, saying oil and gas productivity are now nearing peak. This formed key revelation of the…
Shell currently negotiating fresh production sharing contract on Bonga for 2019
Depending on the outcome of ongoing negotiation with the federal government, Royal Dutch Shell and its partners will soon decide whether to go ahead with the development of the nation’s Bonga Southwest offshore oilfield for 2019 operations. The platform which…
Analysts differ with Nigerian Breweries on why it’s H1 2018 profit dropped by 22%
Contrary to claims by the Nigerian Breweries (NB) Plc that its half year profit came down by 22 per cent due to the new excise duty regime and higher tax on beer introduced by the Federal Government in June 2018,…
CBN’s PMI sees expansion in business condition, manufacturing sector in July
The Central Bank of Nigeria’s (CBN) Purchasing Managers’ Index (PMI) continued to show expansion in business conditions, as manufacturers and service providers confirmed sustained improvement in their overall operations. That was highlighted by the PMI report for the month of…
LCCI plans national workshop on capacity building for transport stakeholders
The Lagos Chamber of Commerce and Industry (LCCI), has announced plans to hold a national workshop to address issues bordering on ‘Capacity Building in the Transport Industry Vis-à-vis the Railway, Maritime and Aviation Sub-sectors’ on Thursday, 16th August, 2018. In…
Banks must grow in digital technology infrastructure to survive Fintechs—CBN
The Deputy Director, Other Financial Institutions Supervision (OFIS) Department at the Central Bank of Nigeria (CBN), Adedeji Adesemoye, has come up with a verdict that for banks to survive the intimidating incursions of Financial Technologies (Fintechs) in payment systems, they…
WorldRemit expands footprint in Nigeria, seals partnership deal with Fidelity Bank
New window of opportunity in seamless instant money transfers to Nigeria by citizens in Diaspora has landed in Fidelity Bank following the sealing of partnership understanding with global digital money transfer giant, WorldRemit Group. Apart from deepening the leadership of…
How Energy Mix Hub is driving off-grid alternatives to complement Gencos efforts
Since the Nigerian Electricity Regulatory Commission (NERC) has created the window of Off-grid (Mini-grid) electricity delivery services to serve populations away from the national grid, a lot of investors have cashed in. The Founder and Chief Executive Officer, Energy Mix…
