Nigerian stocks fall further, investors lose N30bn
The Nigerian stock market fell further last week as the market value of equities fell by N30bn. The Nigerian Stock Exchange All-Share Index and market
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Gas constraints keep Nigerians in darkness amid 203tcf reserves
How fiscal, pricing regimes undermine Nigeria’s gas development Financial liquidity stalls 6000MW worth of gas needed for power Despite tariff increase, GenCos’ remittances below 30%
Nigeria needs fossil fuel to develop –Auwalu, DPR boss
FG targeting $500m from sale of 57 marginal oil platforms Introduction Mr Sarki Auwalu, a chemical engineer sits atop Nigeria’s Department of Petroleum Resources as
Maritime workers give 7-day ultimatum, to shut down ports nationwide
Workers in the maritime sector of the economy have threatened to shut down operations in ports nationwide, if the Federal Government fails to compel the
Hyundai, Shell sign pact to expand partnership on clean energy solutions
Hyundai Motor Company has signed a new five-year Global Business Cooperation Agreement with Royal Dutch Shell Plc, the international energy company known as Shell —
Firm Offers Solution to Gridlock, Port Congestion
A Nigerian firm, the Mercury Maritime Concession Company (MMCC), has proffered a solution to the congestion at the nation’s seaports and related traffic gridlock in
FG Pledges to Implement Report on $1bn Abandoned Oil Facility
The federal government has received the report of the compensatory contracts and other incentives committee on the abandoned $1 billion Kaztec Engineering Limited (KEL) fabrication
Carriers strategise on fleet choice over jet-fuel price
Rising jet-fuel prices for global carriers will make it harder for airlines to reach cash-positive positions in the coming months, industry regulator, International Air Transport
NPA generates $1b from joint venture in 15 years
The Nigerian Ports Authority (NPA) has generated over $1 billion from the 15- year-Joint Venture (JV) agreement it signed with Depasa Marine International Limited. NPA
Challenges of lifting Nigeria’s economy
Nigeria’s economy has enormous potential. This has also been an important attraction for local and international firms and investors. However, with the economy facing challenges
