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Nigeria, Norway seek stronger ties as trade hits $30 billion

Nigeria, Norway seek stronger ties as trade hits $30 billion

With Nigeria being Norway’s largest trade partner on the continent, both economies have stressed the need to strengthen the bilateral ties even further.Indeed, both economies with apparently the same Gross Domestic Product (GDP) size believe that fresh investment opportunities abound ...

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‘Sustained policies, funding to boost contribution of mining to GDP’

‘Sustained policies, funding to boost contribution of mining to GDP’

Stakeholders in the mining sector, primarily from the PricewaterhouseCoopers (PwC) Nigeria yesterday in Abuja, said the nation will witness significant increase in Gross Domestic Product (GDP) if efforts being made to address challenges in the mining sector are sustained. Speaking ...

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Oil firm advocates integrated economy, reduces gas flaring by 90%

Oil firm advocates integrated economy, reduces gas flaring by 90%

•Backs ‘willing buyer-willing seller’ pricing model Managing Director, Chevron Nigeria Limited, Jeff Ewing, has said that Nigeria must urgently take advantage of opportunities for investment in the gas sector to transit from an oil-based economy to a more integrated economy, ...

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NNPC disowns supposed $3.8 billion subsidy fund

NNPC disowns supposed $3.8 billion subsidy fund

• Oil sector stability boosts reserves by $20b The Nigerian National Petroleum Corporation (NNPC) has denied having in its custody a $3.8 billion subsidy fund.The denial followed a resolution by the Senate on Tuesday to probe the operation of an ...

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Conoil Plc posts N1.6 billion profit, N75.8 billion turnover in Q3

Conoil Plc posts N1.6 billion profit, N75.8 billion turnover in Q3

Conoil Plc has posted a profit of N1.6 billion in its third quarter performance, against N1.4 billion achieved in the corresponding period in 2017. Specifically, the company’s unaudited third quarter results for the current financial year showed an increase in ...

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Experts hopeful of power sector growth despite challenges

Experts hopeful of power sector growth despite challenges

Though the projected objectives of the privatised Nigeria power sector appear to be elusive, stakeholders in the sector have expressed optimism of overcoming the challenges. Indeed, there were expectations that the privatisation of the sector would lead to adequate and ...

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Government to indemnify re-concessioning of Lagos Trade Fair complex

Government to indemnify re-concessioning of Lagos Trade Fair complex

The Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah has said that the Federal Government was ready to provide indemnity to ensure that the re-concessioning of the Lagos International Trade Fair Complex (LITFC) is successful. Speaking at the kick-off ...

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Government plans new security architecture as sea crimes persist

Government plans new security architecture as sea crimes persist

This might definitely not be the best of time for Nigeria’s maritime industry as the spate of piracy on the Gulf of Guinea continues to pose threat to national earnings from seaborne trade. Statistics showed that the nation undertakes freight ...

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Government allays fears of shippers on territorial waters

Government allays fears of shippers on territorial waters

• Heritage Bank, NIMASA partner on global standards Irked by the increasing spate of attack on the waters, the Nigerian Maritime Administration and Safety Agency (NIMASA), has assured seafarers and the international community of its unrelentless efforts to ensure safer ...

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3rd Quarter Rating: How Customs, NPA & NAMA Fared?

3rd Quarter Rating: How Customs, NPA & NAMA Fared?

By Kenneth Jukpor With the nation’s economy settled following the implementation of 2018 budget in the third quarter, MMS Plus x-rays the activities of transport agencies in the third quarter of 2018. Parastatals in the sector were crippled by the ...

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Heritage Bank Partners NIMASA

Heritage Bank Partners NIMASA

Heritage Bank Plc and the Nigerian Maritime Administration and Safety Agency (NIMASA) have joined forces to educate stakeholders about the maritime enforcement global benchmarks. The training session, which had as its theme: Maritime Enforcement Safety: Current Global Benchmarks, had representatives ...

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NDCMB, Dangote Refinery seal pact on local content implementation

NDCMB, Dangote Refinery seal pact on local content implementation

Nigerian Content Development and Monitoring Board (NCDMB) has concluded plans to partner with Dangote Petroleum Refinery and Petrochemical Free Trade Zone Enterprises (DPRP) on the effective implementation of the Local Content Act in the country. Executive Secretary, NCDMB, Simbi Wabote, ...

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CBN, institute task risk managers on Fintech threats

CBN, institute task risk managers on Fintech threats

As fintech continues to revolutionalise financial services in Nigeria, the Central Bank of Nigeria (CBN) and the Chartered Institute of Bankers of Nigeria (CIBN) have advised risk managers to stay ahead of trends and step up their risk management mechanisms ...

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Dangote Cement introduces BlocMaster to end building collapse

Dangote Cement introduces BlocMaster to end building collapse

As part of efforts to end cases of building collapse in the country, Dangote Cement has come out with Dangote BlocMaster Cement. According to the group managing director, Joe Makoju, the 42.5R cement grade innovation will also translate into more ...

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Government affirms new strategy for revenue, debt management

Government affirms new strategy for revenue, debt management

The Minister of Budget and National Planning, Senator Udoma Udoma and the Director-General of Debt Management Office (DMO), Ms Patience Oniha, have told investors that there is a renewed plan and commitment to diversify the economy in efforts to raise ...

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Nigeria- China Currency Deal: Nigerian Shippers Become First Casualty As Conspiracy Swirls

Nigeria- China Currency Deal: Nigerian Shippers Become First Casualty As Conspiracy Swirls

CMA CGM, Chinese partners say, no going back on $400 per TEU The Nigeria –China Currency Swap deal is beginning to take its toll on the Nigerian economy with the recent arbitrary introduction of $400(N144,000) port congestion surcharge on each 20ft and 40ft ...

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NPA MD Expects ‘Hadiza Warriors’ To Retain Maritime Cup

NPA MD Expects ‘Hadiza Warriors’ To Retain Maritime Cup

The Managing Director of the Nigerian Ports Authority Hadiza Bala Usman has warned organizations in the Maritime Industry that the NPA football team fondly called Hadiza Warriorswould do everything possible to retain the trophy in 2019. The NPA boss noted ...

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SAHCOL MD Inducted Into Institute Of Directors

SAHCOL MD Inducted Into Institute Of Directors

The Managing Director of the Skyway Aviation Handling Company Ltd, (SAHCOL) Mr. Basil Agboarumi has been inducted into the Institute of Directors (IoD) Nigeria. The event which took place at the Lagos Oriental Hotel, Victoria Island, Lagos, was in the ...

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MASS ACTION!!! Lagos Citizens To Protest Over Lagos-Badagry Road

MASS ACTION!!! Lagos Citizens To Protest Over Lagos-Badagry Road

As a result of the bad roads which led to gruesome traffic congestion along the Lagos-Badagry expressway, residents and commuters of the route have mobilized to demonstrate their displeasure by barricading the roads on October 30th and 31st. The mass ...

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Aviation: Managing Strikes And The Fiscal Chaos

Aviation: Managing Strikes And The Fiscal Chaos

Aviation unions under the aegis of Air Transport Services Senior Staff Association of Nigeria, the National Union of Air Transport Employees and the National Association of Aircraft Pilots and Engineers on called off their strike action against Bi-Courtney Aviation Services ...

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