In a bid to have a world-class Ship Registry and enhance the Ease of Doing Business in the maritime sector, the Nigerian Maritime Administration and Safety Agency (NIMASA) has concluded plans to set up an automated ship registration process through online and electronic procedure. The Director-General of NIMASA, Dr. Dakuku […]

ABUJA, Feb 15- Nigeria Liquefied Natural Gas (NLNG) has signed a deal with Galp Trading SA for the supply of one million tonnes of LNG per year, the African producer said in a statement on Wednesday. The volumes will be supplied on a delivered ex-ship basis for 10 years from […]

Federal Government has said it plans to appoint advisers for a $3.3 billion Eurobond issue through an open competitive bid process and expects to complete an approval process for the sale soon. This fact was stated by the Debt Management Office (DMO). The new Eurobond will be used to partly […]

Nigerian High Commissioner to Australia, Bello Husseni Kazaure has disclosed that the Federal Government  will collaborate with the Australian government to develop several sectors in the country including the mining sector. Kazaure said the decision is part of the outcome of the  2020 Nigeria-Australia Investment Forum which took place last […]

The Nigeria Liquified Natural Gas (NLNG) Limited, says it has reduced gas flaring by 20 per cent. This was even as it disclosed that its Train 7 project was targeting about 12,000 direct jobs during the construction phase. NLNG General Manager, External Relations and Sustainable Development, Eyono Fatayi-Williams, said Nigeria has generated significant […]

Nigeria’s Finance Minister, Zainab Ahmed, says the Federal Government targets to raise N252 billion from privatization of government assets in 2020. Ahmed disclosed this in an exclusive interview with source at the Udo Udoma and Belo-Osagie’s Second Private Equity Summit & Fundraising and Deal Academy in Lagos, Nigeria. The Minister, […]

The management of Lekki Deep Seaport yesterday disclosed that the port would be able to berth ships carrying about 18,000 TEUs when it becomes operational. One TEU is twenty-foot equivalent unit is an inexact unit of cargo capacity often used to describe the capacity of container ships and container terminals. […]

LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, has announced, on behalf of the Otakikpo Joint Venture which is made up of Green Energy International Limited (“GEIL”), the Operator, and the Technical Partner, LEKOIL Oil and Gas Investments Limited (“LOGL”), a […]

Within a one-year period covering October 2018 and September 2019, the Nigerian economy attracted a total of $21.81bn worth of investments, figures released from the National Bureau of Statistics have shown. The investments inflow, according to an analysis of the NBS capital importation report, came from various sources. They are […]

Stakeholders will sign an agreement with Chinese lenders by Q2 2020 to fund the country’s biggest pipeline project Nigeria will close a $2.5bn financing agreement with Chinese lenders by the start of the second quarter of 2020 to fund the single biggest gas pipeline project in the country’s history, after months of holding talks with China […]