The Niger Delta Development Commission (NDDC) and the Nigeria Liquefied Natural Gas (NLNG) are set to sign a Memorandum of Understanding (MoU) in furtherance of their efforts to drive sustainable development in the Niger Delta region. The NDDC Director, Corporate Affairs, Dr. Ibitoye Abosede, in a statement, quoted the commission’s Managing Director of the NDDC, Dr. […]
A new quarterly report from Artemis, an ILS-focused publication, has indicated a huge $7.1 billion of catastrophe bond and related insurance-linked securities (ILS) issuance in the second-quarter of 2023, raising the H1 2023 issuance to a record of more than $10.3 billion. According to the latest data from the just published Artemis Deal Directory, the Q2 […]
The National Emergency Management Agency (NEMA), Nigeria’s emergency management agency, has alerted the public that 31 communities in 14 states may witness heavy rainfall that could lead to flooding this week. The agency, in a statement signed by its Territorial Coordinator, Lagos Territorial Office, Mr Ibrahim Farinloye, listed some of the states to be affected […]
The United States Agency for International Development (USAID) has committed $3 million to the African Water Facility (AWF) to support the preparation of water and sanitation investment projects in the continent through the provision of grants and technical assistance to African countries and regional economic communities. The African Development Bank (AfDB), which gave this hint […]
TotalEnergies, a major international oil company (IOC) operating in Nigeria’s upstream industry, has announced that it discovered oil and gas in commercial quantity in the Ntokon offshore field of its oil mining licence (OML) 102 in the country. The OML is an operational conventional oil field located in Nigeria’s shallow waters in which TotalEnergies holds […]
President Bola Ahmed Tinubu has directed Service Chiefs and heads of security and intelligence agencies to ruthlessly deal with oil thieves and other criminals involved in vandalizing the nation’s oil assets The President, who gave the order on Thursday, said that his administration would not tolerate such criminal acts that have been undermining the nation’s […]
The Nigeria Sovereign Investment Authority (NSIA), the manager of Nigeria’s sovereign wealth fund and the National Council on Climate Change (NCCC), signed a Memorandum of Understanding (MoU) in furtherance of the collective efforts to mitigate climate change impacts on the country. The MoU, which was signed by the NSIA’s Managing Director/CEO, Mr. Aminu Umar-Sadiq, and […]
The Federal Government on Wednesday announced the approval of a 10-year concession to Messrs Alcuff for towage services in Lekki Deep Seaport and Dangote Jetty as part of its sustained drives to enhance the performance of the nation’s non-oil sector, especially the import-export trade subsector, through sundry incentives. The Minister of State for Transportation, Mr. […]
The Nigerian Meteorological Agency (NiMet) and the Central Bank of Nigeria (CBN) have signed a Memorandum of Understanding (MoU) for the purposes of improving agricultural productivity in food and by implication, ensure food security in the country. The terms of the agreement indicated that farmers would receive weather forecasts through the meteorological agency to guide […]
The National Bureau of Statistics (NBS) has reported that the average fare paid by air passengers for specified routes single journey increases to N74,571.62 in February this year from N44,825.04 paid in the corresponding month of last year, representing 66.36% year-on-year surge. The Bureau, in its just published ‘Transport Fare Watch for February 2023’, however, […]