Daily Archives: September 4, 2019

Lagos Complex tasks terminal operators on efficiency, compliant

Lagos Complex tasks terminal operators on efficiency, compliant

The Lagos Ports Complex (LPC) has called on all terminal operators within the complex to ensure efficient operations at the hub.  The Ports Manager, LPC, Mrs Olufunmilayo Olotu, who made this call during a courtesy visit to Apapa Bulk Terminals ...

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Nigeria’s crude oil production to witness eight per cent decline

Nigeria’s crude oil production to witness eight per cent decline

Nigeria’s crude oil production may witness a steady decline to approximately 7.93 per cent before 2025, a new research, conducted by U.S.-based Orbis Research has said.Being the same year Nigeria has targeted to increase oil reserve to about 40 billion ...

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Warri Port comes alive as NPA generates $45.2 million from troubled facility

Warri Port comes alive as NPA generates $45.2 million from troubled facility

Fresh hope of increased activities has risen for the troubled Delta Port situated in Delta State as the Nigerian Ports Authority (NPA) recorded over $45.2 million income from the facility between January and June 2019. The Chairman of NPA board ...

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FG mobilises committee to save local firms over AfCFTA

FG mobilises committee to save local firms over AfCFTA

The Minister of Industry Trade and Investment, Richard Adebayo, has stated that plans are ongoing to set up an action committee to protect local manufacturers. He said the move was imperative to address smuggling post-Africa Continental Free Trade Agreement (AfCFTA) ...

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Economy still in bad shape as GDP growth grinds to 1.94%

Economy still in bad shape as GDP growth grinds to 1.94%

• How to boost performance, by MAN, LCCI, others • Experts caution against subsidy, overdependence on oil The nation’s Gross Domestic Product (GDP) lost steam in the second quarter (Q2) of 2019, against expectations and assurances of improved numbers based ...

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