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Daily Archives: November 7, 2019

CBN stops treasury bills’ sale to individuals

CBN stops treasury bills’ sale to individuals

The Central Bank of Nigeria has given a directive to banks and other financial institutions to stop the sale of treasury bills to individuals and small firms with effect from November 29. Some bank officials who disclosed this to media ...

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Oil worth $42bn stolen in 10 years – NEITI

Oil worth $42bn stolen in 10 years – NEITI

Crude oil and refined products worth $41.9bn were stolen from Nigeria in the last 10 years, the Nigeria Extractive Industries Initiative has said. NEITI also urged the government to embrace oil fingerprinting technology, comprehensive metering infrastructure of all facilities and ...

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NLNG makes direct gas delivery to PH

NLNG makes direct gas delivery to PH

The Nigerian Liquefied Natural Gas Limited has expressed its commitment towards providing cleaner fuel for Nigerians and globally. The NLNG Managing Director, Tony Attah, spoke on Tuesday when the company delivered its maiden domestic liquefied petroleum gas cargo from Bonny ...

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Total to sell stake in Nigerian oil block

Total to sell stake in Nigerian oil block

Total Group is seeking to sell its 12.5 per cent stake in a major deepwater oilfield off the coast of Nigeria, industry and banking sources said, in an effort to adjust the energy company’s Africa portfolio amid a broad expansion. ...

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Stakeholders protest rising demurrages, seaport charges

Stakeholders protest rising demurrages, seaport charges

Freight forwarders and key stakeholders in the shipping industry under the aegis of Concerned Freight Forwarders and Transporters have frowned on the rising demurrage charges and other alleged arbitrary charges imposed by shipping companies and terminal operators at the nation’s ...

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Lagos ports risk congestion as borders remain closed

Lagos ports risk congestion as borders remain closed

The AP Moeller Terminals has called attention to the rising volume of cargoes resulting from improvement in business transactions at the seaports and partly from the recent border closure. A statement from the concessionaire indicated that the success of implementation ...

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SEC kicks against single-asset class investment

SEC kicks against single-asset class investment

The Securities and Exchange Commission has kicked against investment in a single-asset class in the capital market. The acting Director-General, SEC, Ms Mary Uduk, while speaking at a one-day enlightenment programme for the Nigerian Army Ordinance School, Ojo Cantonment, Lagos, ...

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FG to train youths in ship building

FG okays $1.6bn new PH, Warri ports

The Federal Government on Wednesday said it would partner Concept Amadeus Limited to train Nigerian youths in the manufacturing of ship and vessel, saying that it was part of the nation’s efforts to create jobs for the people. A statement ...

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