Shell Profit Jumps to $7.7B Amid Oil Price Surge
Shell records massive profit jump to $7.7 billion amid rising oil prices, signaling positive trends for Nigeria's oil-dependent economy and energy sector investments.
Category : Search result: maritime sector
GTCO Records ₦900.8 Billion Profit in Q3 2024
Guaranty Trust Holding Company Plc (GTCO) announces exceptional financial performance with Profit Before Tax hitting ₦900.8 billion in Q3 2024, showcasing remarkable growth and market leadership.
Shipping Delays Threaten Africa's Free Trade Dream
Critical infrastructure deficits and persistent shipping delays are threatening to derail the African Continental Free Trade Area's ambitious targets, putting $3.4 trillion economic opportunity at risk.
KEDCO Starts $550M World Bank Metering Scheme
Kano Electricity Distribution Company kicks off transformative mass metering program backed by World Bank funding, promising relief from estimated billing for millions of customers across Northwest Nigeria.
Nigeria fights arbitrary shipping surcharges
Nigerian importers and exporters unite through UASC to challenge arbitrary charges imposed by foreign shipping lines, demanding transparency and fair pricing in maritime trade.
Oil Marketers Warn Against Monopoly in Nigeria
Major petroleum marketers in Nigeria are raising concerns about market dominance and calling for transparent access to facilities to ensure fair competition in the downstream oil sector.
Nigeria Manufacturers Face 51% Forex Shortage Crisis
MAN reveals only 49% of manufacturers' forex needs are met, threatening production and economic growth despite positive 4% sector outlook for 2024.
Nigerian insurer grows premium to N15.3b amid challenges
Despite Nigeria's tough economic climate, a leading insurance company reports impressive 15% premium growth, reaching N15.3 billion while maintaining strong profitability metrics.
FG Clarifies: No Nationwide Port Modernisation Project
The Federal Government debunks rumors of a nationwide port modernization initiative, clarifying the current status of Nigeria's maritime infrastructure development and future plans.
Green Shipping: Africa's Economic & Environmental Future
Discover how sustainable maritime technology could revolutionize Africa's economy while combating climate change. Learn about green shipping opportunities for the continent.
Navy Chief Nominee Pledges Tech Overhaul, Rejects Coast Guard
Vice Admiral Emmanuel Ogalla commits to technological modernization of Nigerian Navy while firmly opposing coast guard establishment during Senate confirmation hearing.
Foreigners Arraigned Over ₦12B Oil Theft in Lagos
Nigeria's anti-graft agency EFCC has arraigned three foreign nationals before a Lagos court for allegedly stealing crude oil worth ₦12 billion from the country's territorial waters.
FG Plans Electricity Subsidy for Vulnerable Nigerians
The Federal Government announces strategic electricity subsidy initiative to protect low-income households and vulnerable Nigerians from recent tariff increases while maintaining sector sustainability.
Economic Saboteurs Threaten Dangote Refinery - NAPS
The National Association of Petroleum and Natural Gas Senior Staff calls for immediate federal intervention to protect Africa's largest refinery from economic saboteurs undermining Nigeria's energy independence.
Foreigners Face Court Over ₦12B Oil Theft in Nigeria
Nigeria's anti-graft agency EFCC has arraigned three foreign nationals and a vessel for allegedly stealing crude oil worth ₦12 billion. The shocking case reveals sophisticated oil theft operations in Nigerian maritime territory.
Access Holdings Buys National Bank of Kenya for ₦179B
Nigerian financial giant Access Holdings PLC has finalized a historic acquisition of National Bank of Kenya, marking one of Africa's largest cross-border banking transactions worth ₦179 billion.
Contractors Threaten Protests Over Unpaid 2024 Projects
Indigenous contractors across Nigeria are threatening nationwide protests as Federal Government fails to pay for completed 2024 projects, creating financial crisis in construction sector.
UBS Beats Expectations with $1.8 Billion Profit
Swiss banking powerhouse UBS delivers stunning Q1 results, exceeding expectations with $1.8 billion profit and recovering massive provisions. Nigerian investors watch closely as global banking shows strong recovery signs.
Nestoil Clarifies Receivership Situation with Lenders
Nestoil clarifies receivership situation, confirms lenders' action against subsidiary while maintaining business stability. Get exclusive details on the corporate development.
NZ Raids Insurer Over Alleged Russian Sanctions Violations
New Zealand police execute dramatic raids on maritime insurer linked to Russian vessels, uncovering alleged sanctions evasion scheme involving international shipping operations.
Nigeria's Blue Economy: Sustainable Maritime Future
Federal government rallies marine engineers to harness Nigeria's vast ocean resources through sustainable practices and technological innovation for economic growth.
N7.6 Trillion Lost to Trade Corridor Extortion Yearly
Shocking investigation reveals sophisticated extortion networks draining Nigeria's economy through ports and trade routes, with devastating impact on businesses and consumers.
Lagos Blue Economy Strategy: Unlock Nigeria's Maritime Wealth
Experts reveal how adopting Lagos State's comprehensive blue economy framework could unlock Nigeria's massive maritime potential and transform coastal communities.
SIFAX ICT Expands Maritime Infrastructure for Green Operations
SIFAX ICT unveils major infrastructure expansion enabling direct vessel calls and eco-friendly port operations, positioning Nigeria for maritime digital transformation.
MWUN Pushes for Strict Safety Rules in Nigerian Ports
Maritime Workers Union of Nigeria pushes for stricter safety enforcement and modern equipment to protect dockworkers and improve port operations across Nigerian seaports.
Venezuelan Oil Ships Dodge Drug Boats in Caribbean
Exclusive report reveals how Venezuelan oil tankers navigate through dangerous Caribbean waters filled with drug trafficking vessels while maintaining crucial energy exports.
Nigeria's Metering Crisis: 100K vs 7M Target
Nigeria faces a massive electricity metering gap with only 100,000 meters installed against a 7 million target. Minister Adebayo Adelabu's ambitious plan aims to transform the power sector amid growing consumer frustration.
FirstBank Redeems $350M Eurobond, Shows Financial Strength
Nigeria's premier banking institution, FirstBank, has successfully redeemed its $350 million Eurobond, demonstrating robust financial health and reinforcing investor confidence in the Nigerian banking sector.
16 Vessels with Petroleum Set for Lagos Ports Arrival
Significant economic boost expected as 16 vessels carrying petroleum products, general cargo, and containers prepare to dock at Lagos ports this week, enhancing Nigeria's supply chain.
New GSM Operator Launches Nationwide Service in Nigeria
Nigeria's telecommunications sector welcomes a new player as the latest GSM operator announces nationwide rollout with competitive tariffs and enhanced connectivity.
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