FG Acquires 70 Locally Manufactured CNG Hybrid Buses to Boost Transportation In a significant move to enhance Nigeria’s transportation sector, the Federal Government has procured 70 hybrid Jet Mover buses from the Nigerian automobile manufacturer, Jet Motor Company. The delivery of these buses, which operate on both compressed natural gas (CNG) and premium motor spirit…
NCDMB and Ghana’s Petroleum Commission Launch Technical Cooperation to Enhance Local Content Development. In a move to strengthen local content development across Africa’s oil and gas sector, the Nigerian Content Development and Monitoring Board (NCDMB) has initiated a five-day knowledge-sharing program with the Petroleum Commission of Ghana. The program, which began on Monday in Lagos,…
NIMASA and NIWA Partner to Enhance Maritime Safety Amid Rising Boat Mishaps. In a bid to bolster maritime safety in Nigeria, the Nigerian Maritime Administration and Safety Agency (NIMASA) has announced a strategic partnership with the National Inland Waterways Authority (NIWA). This collaboration aims to develop and implement comprehensive safety strategies to reduce incidents of…
War Risk Premium on Nigerian Shipments to Persist Despite Security Gains, Says NIMASA DG Despite notable improvements in maritime security across Nigeria, multinational shipping companies continue to impose a war risk premium on vessels visiting the country, a situation that has raised concerns within the Nigerian maritime sector. The Nigerian Maritime Administration and Safety Agency…
New Fintech Solutions Unveiled to Expand Financial Services for Kenyans. Kenyans are set to gain greater access to financial services following the launch of new fintech solutions by Experian MicroAnalytics. The platform, which utilizes Creditinfo’s scoring models and local market expertise, aims to provide innovative financial services to help businesses and individuals secure financing. Sammy…
Dangote Refinery Faces Another Delay as Marketers Await Petrol Delivery. There are strong indications that the Dangote Petroleum Refinery may not roll out petrol on Monday in line with its earlier schedule. The President, Dangote Group, Alhaji Aliko Dangote, had last month projected that the refinery would begin the production of petrol between August 10…
Oil Prices Drop Amid Easing Concerns of Broader Middle East Conflict Brent and U.S. crude oil prices fell on Tuesday as market anxiety over a broader conflict in the Middle East eased, with Iran yet to follow through on its threats to retaliate against Israel for the assassination of a Hamas official in Tehran. Brent…
NIMASA and Chatham House Collaborate to Address Gulf of Guinea Maritime Security at UN The Nigerian Maritime Administration and Safety Agency (NIMASA) has forged a significant partnership with Chatham House, London, to spotlight maritime security concerns in the Gulf of Guinea before the United Nations Security Council (UNSC) this month. This collaboration seeks to amplify…
Nigerian Shippers’ Council Partners with NRC to Enhance Cargo Evacuation and Reduce Costs. The Nigerian Shippers’ Council (NSC) has formalized a strategic partnership with the Nigerian Railway Corporation (NRC) through a Memorandum of Understanding (MoU) aimed at improving cargo evacuation from seaports to the hinterland, thereby reducing the cost of doing business in Nigeria. During…
Oil Prices Surge 3% on Positive Economic Data and Rate Cut Hopes Amid Rising Geopolitical Tensions Oil prices closed higher on Friday, capping off a week of gains exceeding 3.5% driven by encouraging economic data and growing anticipation of interest rate cuts by the Federal Reserve as early as September. These developments have eased concerns…
