Skip to content
Tinubu Authorises CVFF disbursement, targets 30,000 maritime jobs
President Bola Tinubu has authorised the disbursement of the long-awaited Cabotage Vessel Financing Fund (CVFF), with the Minister of Marine and Blue Economy, Dr Adegboyega Oyetola, directing the Nigeria Maritime Administration and Safety Agency (NIMASA) and 12 Primary Lending Institutions…
Nigeria’s N1.93trn subsidy burden underwrites ‘Cheap’ electricity __NERC
Nigerian electricity consumers paid among the lowest tariffs in Africa in 2025, but the apparent affordability came at a huge fiscal cost to the Federal Government, which incurred a N1.928 trillion subsidy obligation to bridge the gap between what customers…
Egbin Power reinforces SDG 4 commitment as 11th edition of Scholarship scheme
Egbin Power has commenced the 11th edition of its annual scholarship programme, reaffirming its commitment to advancing quality education and creating meaningful opportunities for young people in its host communities. The scholarship programme reflects Egbin Power’s commitment to Sustainable Development…
FG moves to separate port regulations from operations
The Federal Government has moved to overhaul the institutional architecture of Nigeria’s port sector, separating economic regulation from port development, operations and promotion, with the Nigerian Ports Authority (NPA) assuming responsibility for inland dry ports while the Nigerian Shippers’ Council…
NSML & NLNG: Building pillars of Nigeria’s energy, maritime ambitions
Sopuruchi Onwuka The Nigeria LNG Ship Management Limited (NSML) has declared strategies that establish it as a major force in Nigeria’s maritime human-capital development, stating that it is quietly building a pipeline of globally certified seafarers and maritime professionals with…
AIICO Insurance sues ex-employee for defamation, assures on best business practices
AIICO Insurance Plc has dragged a former employee to court over what it termed as calculated and persistent false media campaign by the ex-member of staff intended at causing damage to the company’s reputation. The former employee, identified as Mr…
NDPHC to launch NIPP II, targets renewable energy expansion across Nigeria
The Niger Delta Power Holding Company (NDPHC) is preparing to transition into the second phase of the National Integrated Power Project (NIPP), with a strategic shift towards renewable energy investments aimed at improving electricity supply and addressing persistent power shortages,…
Africa Oil Week: NCDMB pushes African Local Content for rapid industrial development
The Nigerian Content Development and Monitoring Board (NCDMB) has called on African oil-producing countries to move beyond ownership of natural resources and build the industrial capacity required to convert their petroleum wealth into sustainable economic value. The call was made…
Seplat evolution: From $530m debt, $835m payout, $3.93bn capitalization to $1bn dividend outlook
Seplat Energy Plc has unveiled an aggressive five-year expansion programme that could see the Nigerian independent energy company ramp up production to 500,000 barrels per day, deploy massive capital into its portfolios and return about $1 billion in dividends to…
Africa’s energy gap demands $200bn annual investments
The scale of energy poverty facing the African continent calls for more than $200 billion annual investments in energy infrastructure and facilities required to strengthen energy access, resilience and petroleum development. Worse still, about 600 million Africans remain without electricity…
