Wednesday, September 30, 2020

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Nigeria receives largest container vessel at Onne Port

The Nigerian Ports Authority (NPA), has announced the successful berthing of the biggest container vessel to ever call at any Nigerian port when it berthed at the Onne Port in Port Harcourt, Rivers State. The Maerskline Stardelhorn vessel with an...

Strike threat as NNPC sacks 850 workers… Many from Refineries

About 850 workers of the Nigerian National Petroleum Corporation (NNPC), have been sacked, many from the refineries amidst the coronavirus pandemic, the General Secretary of the Petroleum and Natural Gas Senior Staff Association of Nigeria, (PENGASAN), Lumumba Okugbawa, has...

Massive job losses loom in the Maritime industry due to Covid-19

Workers in the maritime industry in Nigeria and the world over have been sweating it out over fear of a massive loss of jobs in the industry following the outbreak of the Covid-19 pandemic. This fear, according to industry watchers,...

CBN Retains Benchmark Lending Rate At 13.5%

The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday retained the Monetary Policy Rate at 13.5 per cent. The CBN Governor, Mr Godwin Emefiele, announced the decision of the Committee at the end of its two-day meeting...

Oil Crash Forces Seplat, Shell To Cut Spending

A major Nigerian independent oil and gas firm, Seplat Petroleum Development Company Plc, is looking to cut costs by at least 30 per cent to counter a crash in crude prices, its Chief Financial Officer, Roger Brown, has said. Royal...

Nigeria Slashes Crude Selling Prices To Woo Buyers

Nigeria has cut the official selling prices for its crude oil to record lows to clear a glut of unsold April-loading cargoes before releasing the May programme on Monday. The country has had to grapple with an unprecedented excess of...

Petrol: Government Consults On Pump Price Reduction

The Federal Government has begun consultations with relevant stakeholders on a possible reduction of the pump price of petrol in the wake of the crash of crude oil prices globally. The Minister of State, Petroleum Resources, Mr Timipre Sylva, disclosed...

Customs Promote 2,974 Officers

The Comptroller-General of Customs, Col. Hameed Ali (retd.), has approved the promotion of 2,974 junior officers to various ranks. The promotion was confirmed in a statement issued on Friday by the Public Relations Officer of Customs, Mr Joseph Attah. The statement...

Naira Improves As Dollar Sells For N380

The naira traded between N364 and N380 to a dollar on Friday at the Bureau De Change segment of the market, recording an improvement over its previous exchange rates earlier in the week. On Thursday, the naira exchanged between N405...

No Plan For Naira Devaluation- Apex Bank

Despite a slump in the global economy as a result of the negative impact of the coronavirus pandemic, the Central bank of Nigeria (CBN) on Thursday insisted the time was not ripe for the call for the devaluation of...

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Nigerians To Pay Less For Petrol – PPPRA

The Petroleum Products Pricing Regulatory Agency (PPPRA) has hinted that Nigerians should expect to pay less for premium motor spirit (PMS) also known as...

Afreximbank Nets $276m

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