Crude oil, aviation fuel top import chart at Lekki deep-sea port
By Godwin Oritse Crude oil and other refined petroleum products dominated import activities at the Lekki Deep Sea Port in the first week of August, accounting for 1,867,712 metric tonnes of crude oil-based products brought into the country through the facility. Shipping documents obtained by Vanguard showed that petroleum products dominated imports through the Lekki Deep […]
Sovereign Wealth Fund ’ll strenghten Nigeria economy – Expert
An economist, Mr David Cowan, has said the Sovereign Wealth Fund (SWF) would strengthen the Nigerian economy. Cowan, Managing Director, Citigroup, said this at the Eminent Speakers Series III, organised by the Securities and Exchange Commission (SEC) in Abuja. The SWF is supposed to replace the Excess Crude Account (ECA)..
STI targets grassroots market for micro-insurance
Chief Operating Officer of Sovereign Trust Insurance Plc, STI, Mr. Sammy Ogbodu has said that the company will soon introduce its takaful insurance and micro-insurance products into the market.
Fake insurance worse than fake drugs – NIA
The Nigerian Insurers Association, NIA, has decried the prevalence of fake insurance certificates in the country saying that fake insurance is worse than fake drugs.
Pollution: Reps advises shutting of Warri Refinery
The House of Representatives Committee on Petroleum, Downstream, has advised the Nigerian National Petroleum Corporation, NNPC, to shut down the Warri Refining and Petrochemical Company, WRPC, due to the dangerous emission of carbon black soot on the environment.
Nigeria saves N1.4bn from transformer repairs
About N1.4 billion has been saved from repairing damaged transformers in the country, the Minister of Power, Prof. Barth Nnaji has said.
