Good morning, here are the latest top business news headlines for today Thursday, May 2021.
Agip Shuts Down Idu Well 11 in Bayelsa Due To Oil Leak
The Nigerian Agip Oil Company (NAOC) has shut down its Idu oilfields at Egbebiri settlement in Yenagoa Local Government Area in Bayelsa due to oil leaks.
The cause of the leakage, according to the Joint Investigative Visit carried out on…Read more
Jos Dry Port For Completion 2022
There are indications that the Jos Dry Port will be revived and completed by the first quarter of 2022.
This was disclosed when the Minister of Transportation, Chibuike Rotimi Amaechi…Read more
Transport Ministry Gives Reason Why Amaechi Objected To Award Of $1.5bn Channel Management Contracts
The Ministry of Transportation says it objected to the award of channel management contracts by the Nigerian Ports Authority (NPA) because it is more cost-effective to procure necessary equipment and execute the contracts in-house.
Several reports have traced the ‘cold war’ between Rotimi Amaechi, minister of…Read more
Climate Change Is An Enemy To Economic Growth – LASEPA Boss
The General Manager of the Lagos State Environmental Protection Agency, Dolapo Fasawe, described climate change as an “enemy” to economic growth.
She said this at a climate change stakeholders’ forum convened by the…Read more
West African Manufacturers Collaborating To Revive Regional Association
The President of the Manufacturers Association of Nigeria (MAN), Mansur Ahmed, disclosed that the association was rallying other manufacturers associations in West Africa to revive the Federation of West African Manufacturers Association (FEWAMA).
This disclosure was made at the association’s commemoration of its 50th…Read more
Nigerian Vessels Made To Pay Full Customs Duty While Foreign Companies Evade Payment – SOAN
The Shipowners Association of Nigeria (SOAN) has pointed out that foreign shipping firms evade the payment of basic requirement fees like customs duty while Nigerian vessels are demanded to fulfill all requirements.
This was noted in a petition by the association and signed by its President…Read more
CBN’s Policy To Push Nigeria’s Diaspora Remittances To $22bn – Report
Nigeria’s diaspora remittances is estimated to grow by five percent this year due to the policies of the Central Bank of Nigeria (CBN) and increasing emigration of Nigerians to Canada and other countries.
Agusto Consulting Limited in its latest report unveiled on Tuesday stated that…Read more
Nigerian Banks Limit Dollar Deposit To $5,000 Monthly
Nigerian banks have reduced the amount of United States dollars customers can pay into their domiciliary accounts from the previous $10,000 to $5,000 monthly.
According to THISDAY, a top bank official who craved anonymity confirmed the…Read more
DMO Set To Auction N150bn Bond On FG’s Behalf
The Debt Management Office (DMO) has disclosed that it was offering a bond subscription of N150 billion by auction on the Federal Government’s behalf.
This was revealed in a document obtained by BizWatch Nigeria, stating the breakdown…Read more
Four Startups Receive N2.1m Each From Wema Bank’s Hackaholic 2.0 Bootcamp
After four weeks, the Wema Bank Hackaholic 2.0 Bootcamp has wound down, with four startups represented by a pair each took home over N2 million in funding.
This was disclosed in a press statement by the Bank…Read more
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