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Daily Archives: March 6, 2019

Anxiety builds over IMO 2020 ship content directive

Anxiety builds over IMO 2020 ship content directive

. As refiners stake $1 billion for low sulphur fuel for vessels Take-off of the International Maritime Organisation (IMO’s) low sulphur content for ships effective January 1, 2020, might begin on a slow pace, as fuel refiners are far behind ...

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NIMASA raises hope on disbursement of N44b cabotage fund

NIMASA raises hope on disbursement of N44b cabotage fund

Succour is underway for the indigenous ship owners, as the Nigerian Maritime Administration and Safety Agency (NIMASA), raised hope on the disbursement of the much-delayed Cabotage Vessel Finance Fund (CVFF). The CVFF, a two per cent contribution by indigenous ship-owners ...

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Stocks market extends gains as indices appreciate further by N16b

Stocks market extends gains as indices appreciate further by N16b

Transactions on the equities sector of the Nigerian Stock Exchange (NSE) continued in an upbeat yesterday, following price gains recorded by some blue-chip companies, especially McNichols and Dangote Flour Mills, as market capitalisation increased further by N16 billion. The All ...

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‘More off-grid solutions needed to check high energy costs, poor supply’

‘More off-grid solutions needed to check high energy costs, poor supply’

Citing complaints by many businesses about high energy costs especially in relation to expenditure on diesel, as well as poor distribution of energy to consumers, the Lagos Chamber of Commerce and Industry (LCCI), has urged the Federal Government to deploy ...

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Apapa ports, infrastructure, taxes take centre stage as Lagos decides

Apapa ports, infrastructure, taxes take centre stage as Lagos decides

Issues bordering on the quality of the business environment in Lagos, especially those relating to Apapa ports, parlous state of infrastructure and multiple taxation will form the bedrock of private sector’s decision on who becomes the next governor of the ...

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NSE set to list 30-year FGN Eurobond

NSE, Meristem partner on indices focused on value investment strategies

The Nigerian Stock Exchange (NSE), will on Thursday, March 7, list 5 tranches of the Federal Government (FGN) Eurobond. They include; 7.143%, 12-Year, $1.25billion FGN Eurobond; 7.696%, 20-Year, $1.25billion FGN Eurobond; 7.625%, 7-Year, $1.118billion FGN Eurobond; 8.747%, 12-Year, $1billion FGN ...

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Nigerian, Canadian firms in N7.2b telecoms infrastructure deal

Nigerian, Canadian firms in N7.2b telecoms infrastructure deal

Nigerian firm, Pan African Towers (PAT) Limited, has entered into a N7.2 billion ($20 million) telecoms infrastructure investments deal with Canadian firm, Watt Renewable Corporation. Under the terms, Watt Renewable will provide alternative energy solutions like solar and other renewable ...

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