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NNPC Shipping, Stena Bulk, Caverton Launch New Joint Venture

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NNPC Shipping, Stena Bulk, Caverton Launch New Joint Venture  … Partnership To Boost Nigeria, Africa’s Energy, Maritime Sectors The Nigerian National Petroleum Company (NNPC) Shipping, Stena Bulk, and Caverton Marine Limited have today announced the signing of a new joint venture that will transform Nigerian maritime transportation. The agreement, signed in London last week, aims to create a new tanker operation serving Nigeria and West Africa’s crude oil, refined product and…

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Following the disruption on March 14, 2024, which affected data and voice services due to cuts in undersea fibre optics along the coasts of Cote d'Ivoire and Senegal, the Nigerian Communications Commission has announced that services have now been restored to approximately 90% of their peak utilization capacities.

Works & Communications Ministries Set Up Joint Committee To Tackle Fibre Cuts

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The Federal Ministry of Works (FMoW) and the Federal Ministry of Communications, Innovation, and Digital Economy (FMoCIDE) have established a Joint Standing Committee on the Protection of Fiber Optic Cables to address the persistent issue of fiber optic cuts and damages caused by road construction and rehabilitation activities. These disruptions have had a significant negative…

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Mele Kyari dismisses allegation of importation of sub-standard fuel by NNPCL

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…Talks on Fuel Quality Just Drama, Bad Marketing Antics,   …Insists NNPC Ltd Didn’t Import Products This Year  …Says Importation a Standard Industry Practice Worldwide The Group Chief Executive Officer of NNPC Ltd, Mr. Mele Kyari has flayed talks about the existence of sub-standard fuel in the country, describing it as unfortunate drama and bad marketing practice. Kyari, who was speaking while fielding questions at a fireside chat during the 60th Nigeria Mining & Geosciences Society (NMGS)…

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Following the disruption on March 14, 2024, which affected data and voice services due to cuts in undersea fibre optics along the coasts of Cote d'Ivoire and Senegal, the Nigerian Communications Commission has announced that services have now been restored to approximately 90% of their peak utilization capacities.

NCC Approves Request by Telecoms Operators for Increase in Tariffs

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The Nigerian Communications Commission (NCC), pursuant to its power under Section 108 of the Nigerian Communications Act, 2003 (NCA) to regulate and approve tariff rates and charges by telecommunications operators, will be granting approval for tariff adjustment requests by Network Operators in response to prevailing market conditions. The adjustment, capped at a maximum of 50…

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Doyin Okupe Apologises to Mele Kyari

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Dr Doyin Okupe, who served as Spokesman for former President Olusegun Obasanjo and Goodluck Jonathan has apologised to the Group CEO of the Nigerian National Petroleum Corporation Limited (NNPCL), Mr. Mele Kyari, for his dismissal of his leadership and skepticism of the ability of the NNPCL to deliver on its promises. A public  statement issued…

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African Development Fund approves $9 million grant for Madagascar

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The Board of Directors of the African Development Fund – the African Development Bank Group’s concessional financing window – approved a donation of $9.42 million to Madagascar to implement climate resilience through the Preservation of Biodiversity in National Parks Project. The grant, agreed on 18 December 2024 in Abidjan, comes from the Climate Action Window, a mechanism of the Fund,…

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AfDB approves €139 million loan for Côte d’Ivoire

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The African Development Bank Group has approved loans totaling €139.68 million to support youth employment and entrepreneurship in Côte d’Ivoire, targeting key sectors with high job creation potential. The loan comprised of €126.32 million from the Bank Group’s commercial African Development Bank window and €13.36 million from its concessional lending arm, the African Development Fund,…

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