Gas key to economic reconstruction, FDI inflow, youth empowerment – Tinubu President Bola Tinubu has reiterated his administration’s commitment to leveraging on the domestic use, processing and export of Nigeria’s gas resources. According to him, it is the resource that will catalyse the fundamental restructuring of the nation’s economy for expansive growth during his…
TWF Signs MoU with Canadian Welding Body to Optimize Africa’s Manufacturing Industry The Welding Federation (TWF) and Canadian Welding Bureau Group (CWB Group) have signed a Memorandum of Understanding (MoU) aimed at optimizing Africa’s manufacturing industry through local content. The MoU, which took effect August 14, focuses on mutual recognition of personnel qualification certificates from…
CIBN canvases support for CBN on forex unification policy As part of its commitment towards the growth of the nation’s distressed economy through monetary policy formulation, the Chartered Institute of Bankers of Nigeria (CIBN) has not only declared its support for the forex unification by the Central Bank of Nigeria (CBN), but also calling on…
Nigeria’s blue economy prospects, opportunities and challenges Over the past 10 years, the phrase ‘blue economy’ has gained popularity as more people, governments and economists have come to understand the enormous possibilities that the ocean and its resources present. The concept, blue economy, can be traced to Gunter Pauli’s 2010 publication and its currency gaining…
Experts urge government to subsidize CNG vehicle conversions Some oil and gas experts have appealed to the Federal Government to subsidize the cost of converting petrol or diesel vehicles to gas for Nigerians as means of palliative measures. The experts said this would cushion the effect and encourage average Nigerians to make use of the…
NCDMB to launch 17 companies from Technology Incubation Centre The Nigerian Content Development and Monitoring Board (NCDMB) in partnership with Founder Institute (FI) is set to launch new 17 portfolio companies that have passed through the Board’s Technology Incubation and Innovation Centre (TIIC). This is in furtherance of its mandate to catalyze research and development…
NIMASA: Acquisition of properties in the UK Untrue The management of the Nigerian Maritime Administration and Safety Agency (NIMASA) has said there is not one iota of truth in allegation leveled against it by human rights lawyer, Femi Falana, SAN, concerning its acquisition of properties in the United Kingdom. According to a statement by Assistant…
NLNG plant is not shut down- official The Nigeria LNG Limited (NLNG) has reiterated that operation at its plant on Bonny Island is still active despite a Force Majeure, which still subsists due to the unavailability of upstream gas suppliers’ major liquids evacuation pipelines occasioned by sabotage and vandalism. Its General Manager, External Relations and…
Oil theft: Navy returns stolen crude-laden vessels to owners in Bayelsa The Nigerian Navy on Friday returned a merchant tanker vessel, MV TIS IV, and a Barge Podium held for complicity in oil theft to their owners in compliance with a court judgement. The court had convicted the crew and ruled that the stolen crude…
IPMAN to partner with FG on CNG Initiative The Independent Petroleum Marketers Association of Nigeria (IPMAN), says its ready to partner with the Federal Government on the Presidential Compressed Natural Gas Initiative (PCNGI). IPMAN’s President, Alhaji Debo Ahmed gave the assurance at the weekend while commending government’s initiative on the alternative to petrol. It would…