Ship owners urge Dangote, others to back indigenous shipping with cargo deals
By Providence Ayanfeoluwa Indigenous ship-owners have called on major cargo owners, particularly Dangote Group, to support Nigerian fleet development through long-term Contracts of Affreightment (CoAs). Former President of the African Ship-owners Association (ASA), Nigerian chapter, Capt. Ladi Olubowale, made the call at a Public-Private Dialogue with Chief Executives, organised by the Nigerian Chamber of Shipping […]
Global coal demand to hit 5.534bn tonnes by 2022- IEA
The International Energy Agency, IEA, has said that global coal demand will be subdued over the next five years, growing at just 0.5 percent a year, marginally higher than current levels, due to lower consumption in China.
NAICOM insists insurers pay outstanding fines
National Insurance Commission, NAICOM, has refused to grant waivers to insurers on payment of outstanding fines. President of the Nigerian Council of Registered Insurance Brokers, NCRIB, Mr. Shola Tinubu, who disclosed this, said that despite NAICOM’s refusal to grant the requested waivers, the Council will continue to maintain harmonious relationship with the regulator.
N/Assembly, stakeholders extend local content to construction, power sectors
MEMBERS of the House of Representatives are collaborating with stakeholders in Power, Construction and Information Communication Technology sectors toward extending the Nigerian Content Act to the three sectors of the economy. The collaboration was firmed up at the recent workshop organized by the Nigerian Content Development and Monitoring Board (NCDMB) for members of the House of Representatives Committee on Local Content, in Port Harcourt, Rivers State.
Stock market: Foreign investors’ participation up 241% in 11 months
Foreign investors’ interest in the equities market has remained on the rise with its percentage contribution to the total equities transaction on the Nigerian Stock Exchange, NSE, rising by 241.1 percent in 11 months ending November 30, 2017.
Egbin power targets additional 1800MW under phase 2 expansion plan
MANAGEMENT of Egbin Power Plc, has restated its commitment to fast track its planned investments in additional gas pipelines, the proposed Floating Storage and Regasification Unit (FSRU) project for the Egbin Phase 2 project with an estimated capacity of between 1,350 Megawatts, MW, and 1800MW using modern technologies as well as the deployment of renewable energy sources to boost the plant’s productivity.
