Available indications has suggested that the maritime transport sector could very well be relying on methanol to power ferries and vessels, this is as the Stena Germanica, the world’s first methanol powered ferry, re-entered service on March 26 after a couple of months’ intermission. To
Business
Industry stakeholders have called for a thorough amendment of the National Oil Spill Detection and Response Agency, NOSDRA Bill currently before the National Assembly, to remove any conflict between it and the Petroleum Industry Bill, PIB. Among the stakeholders, were officials of the Federal Ministry of Environment, Department of Petroleum Resources, DPR, and oil
As robust as Federal Government’s current transformations in the energy sector may appear, the Shell Group has identified a number of challenges undermining the success of the reforms. These are security, crude theft and pipeline vandalism, as well as funding, fiscal stability and predictability, lease predictability and a host of others. Shell said that […]
Despite Federal Government’s declaration of the Nigerian Shippers Council, NSC, as the Port Economic Regulator, there is still disagreement between the Council and the Nigerian Ports authority, NPA as to the constitutionally recognised body for the function. The disagreement between the two government agencies resurfaced at the recently concluded awareness seminar
Davebrook Digital PR Services (davebrookPR), has announced the unveiling of Nigeria’s first online newsroom services, which is a digital platform designed to connect businesses in Nigeria with national and global publicity opportunities. DavebrookPR online newsroom is a product of independent research; working with various clients over a 10 month period where it discovered
Enugu State governor, Sullivan Chime has faulted Federal Government’s reluctance to approve a Free Trade Zone (FTZ) for the South East geo-political zone despite its huge commercial and industrial potentials. Chime, who made the observation recently noted that the South East is the only the geo-political zone in the country without a Free Trade Zone […]
Indication has emerged that Wastson, an International Business Machine (IBM)-powered supercomputer may be used to replace telcos call centre management staff, banking, healthcare, e-commerce and other service providers due to the high cost of executing business, shortage of experts, and other issues in Nigeria. Debbie Botha, senior managing consultant at IBM, mooted
The transition to cloud based services in Lagos is coming into fruition as the Lagos Infraco, Main One, plans to offer pervasive fibre and is launching Infrastructure as a Service with EMC and Microsoft. Main One’s independent data centre in Lagos was launched in mid-January this year. It has 600 racks and is adjacent to […]
The world’s third largest container line CMA CGM is taking container shipping size to another level with a recent 20, 000 teu capacity ship orders. The company just recently posted a 43.2 per cent jump in net profit in 2014 to $584m, as it finalises orders for the largest containerships yet ordered. In continued […]
Nigeria Sovereign Investment Authority (NSIA), in a very impressive performance for 2014 notched N15billion in generated net income against a dismal N505 million for the preceding year (2013). MrUche Orji, The Managing Director, announced this while addressing newsmen on Authorities Financial Year report on Monday in Abuja. “Total revenue during the period
Dangote Group has raised the scale of standards in Senegal’s construction sector, with the introduction of the higher quality 42.5 grade cement into the African country. The company rolled out products from its $300 million Cement Plant in Senegal amidst excitement by the country’s government for creating 5,000 direct employment. The giant stride of Dangote […]
… The intrigues and lobbying No other bill has been more popular since Nigeria’s return to democratic rule in 1999 than the Petroleum Industry Bill (PIB) – maybe the Freedom of Information Bill comes near. The reason is not farfetched: anything petroleum in Nigeria generates passionate interest. Former President Olusegun Obasanjo set up […]
Trading on the Nigerian Stock Exchange (NSE), on Friday for the five consecutive day, maintained an upward trend with the All-Share Index closing higher at 30,562.93, NAN reports. The index rose by 489.83 points or 1.63 per cent against 30,073.10 posted on Thursday. Similarly, the market capitalisation increased by N283 billion to close at […]
The International Monetary Fund has said that West African Economic and Monetary Union (WAEMU) members states recorded 6.1 per cent growth in 2014. This is contained in a report issued by the Executive Board of the Fund at the end of its 2015 Article IV consultation with WAEMU. “In spite of fragile political and […]
President and Commander in Chief, Dr. Goodluck Ebele Jonathan has tasked graduates of the Nigerian Seafarers Development Programme (NSDP) of the Nigerian Maritime Administration and Safety Agency (NIMASA) to showcase their excellence on the global scene. President Jonathan also showered the graduates with accoladesin Lagos at a reception hosted in their honor by the
Legal representatives of the Nigerian Shippers’ Council, Messrs. Olisa Agbakoba and Babatunde Ogungbamila have declared that the collection of charges by terminal operators in spite of the pending appeal in the courts was illegal. In an official statement, the attorneys stated that by the judgment of the Federal High Court, the continued charging and collection […]
The federal government has announced plans to secure a $2 billion loan from the World Bank and the African Development Bank (AfDB) in a bid to aid the implementation of its policies and programmes for the year. The federal government made its plans known during an interactive session with journalists in Abuja organised by the […]
Stakeholders are calling for the restructuring of the educational sector to accommodate specialized training of innovators to drive economic diversification. Speaking at the 2015 Verdant Zeal Innovention Summit held in Lagos, foremost economist, Professor Pat Utomi, noted that education and culture were critical to developing growth and development through innovation. He
South African writer, Songeziwe Mahlangu emerged winner of the 2014 Etisalat Prize for Literature at a grand event held in Lagos in recently. This marks the 2nd year of Africa’s most prestigious literary prize. The 29-year-old, who was presented with a cash prize of £15,000, clinched the number one slot for his book Penumbra, ahead […]
The Executive Secretary (ES) of Nigerian Shippers’ Council, Mr. Hassan Bello, has said that the ongoing reforms at the nation’s ports will be favourable to strong companies in the maritime sector. He disclosed this in a meeting with the National President of the Association of Nigerian Licensed Customs Agents (ANLCA), Prince Olayiwola Shittu, in Lagos, […]
