According to the Nigerian Maritime Administration and Safety Agency (NIMASA), the $350m accumulated under the Cabotage Vessel Financing Fund is intact and currently in the Single Treasury Account of the Central Bank of Nigeria.
Nigeria Computer Society Shortlists Olusegun Olugbile for Cybersecurity Award at NITMA
The Nigeria Computer Society (NCS) has announced the shortlist for the prestigious National Information Technology Merit Awards (NITMA), featuring Olusegun Olugbile, President of the Global Network for Cybersolution, as a Finalist in the Cybersecurity...
Brent Crude Prices Rise by 3% Following Norwegian Outage, Ukraine War
Oil prices climbed more than 3 per cent on Monday after crude production was halted in Norway, which added to the latest escalation of the Russia-Ukraine war.
Brent crude futures settled at $73.30 a barrel...
Why We Didn't Meet Port Harcourt Refinery Completion Deadline - NNPC
Barely two months after the September completion deadline flop, the Nigerian National Petroleum Commission has explained why it could not deliver the much-awaited Port Harcourt Refinery Company.
In an interview on Monday, the NNPC Chief...
CBN Warns Against Fraudulent Contract, Project Funding Claims
The Central Bank of Nigeria (CBN), has warned members of the public to be weary of activities of fraudsters purporting to be in receipt of award letters of contracts related to construction works and special financial interventions...
PoS Operators Blame Double Transaction Charges on Cash Scarcity
Point of Sale (PoS) operators in Nigeria have raised transaction fees by over 50 per cent, attributing the increase to severe cash scarcity caused by banks rationing withdrawals.
With yuletide and end-of-year holidays fast approaching, Nigerians may...
