Business - Page 900

NNPC declares state of emergency on crude oil production

The Nigerian National Petroleum Company Ltd (NNPCL) has declared a state of emergency on production in the country’s oil and gas industry. NNPC spokesman, Olufemi Soneye, in a statement on Tuesday said

8 hours ago

by Oluyemi Ogunseyin

Strict regulation critical to shipping activities, says IMO

Okays £92.1m budget for 2016-2017 THE International Maritime Organization (IMO) has advised member nations to drop ‘unnecessary administrative’ as part of measures to successfully adopt shipping regulations Meanwhile, the council has reached on a

9 years ago

Maritime

Nigeria’s light sweet crude falls to $50.10 a barrel

Crude oil prices struggled to stay around $50 yesterday, amid persistent concerns over global oil glut as against the $53.79 it recorded the previous day.

9 years ago

Business·Business Service·Lead Story

South East Asia maintains position as piracy hotspot

SOUTHEAST Asia continues to dominate maritime crime incidents globally, with 120 reports of piracy and maritime crime instances occurring in the region since 1st January 2015, an increase of 22 per cent compared

9 years ago

Maritime

Global outlook: Fresh struggle for Nigeria, other emerging markets

Oil price uncertainty unsettles advanced economies The latest report on World Economic Outlook readjusted growth figures downwards. While this may be an affirmation that all is still not well with global economic

9 years ago

Business

SMEDAN partners CAWAN on training for two million Nigerians

IN LINE with the Memorandum of Understanding (MoU) signed recently by the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and the Community Awareness on Development Network (CAWAN), two million young

9 years ago

Business·Business Service

NSE, Rack Centre seal pact on data centre co-location services

THE Chief Executive Officer of the Nigerian Stock Exchange, Oscar N. Onyema has stressed the importance that technology has played in the quest to transform the Nigeria’s Stock Exchange (NSE), even as

9 years ago

Business·Business Service

New wave of consolidation may swallow Spanish banks

HIGH costs and low returns could soon spur a new wave of consolidation in Spain’s banking industry, where the number of banks has already dropped to 14 from 55 since the 2008

9 years ago

Business·Business Service

JPMorgan reaches $388 million settlement in mortgage securities case

JPMorgan Chase & Co (JPM.N) agreed to pay $388 million to settle a suit by investors claiming that the largest U.S. bank had misled them about the safety of $10 billion worth

9 years ago

Business

Bureaucrats derail Indonesia’s infrastructure devt plan

INVESTORS hoping for President Joko Widodo to speed work on Indonesia’s infrastructure projects have been disappointed, with a plan for a $2-billion airport railway line in the capital spotlighting the delays and

9 years ago

Business

Vitafoam expands operations, inaugurates new centre

Determined to boost profitability and enhance growth profile, Vitafoam Nigeria Plc has inaugurated the second Comfort Centre in Warri, Delta State. Comfort Centre is a strategic presence of Vitafoam in any location

9 years ago

Business·Business Service

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Business - Page 900

NNPC declares state of emergency on crude oil production

Strict regulation critical to shipping activities, says IMO

Nigeria’s light sweet crude falls to $50.10 a barrel

South East Asia maintains position as piracy hotspot

Global outlook: Fresh struggle for Nigeria, other emerging markets

SMEDAN partners CAWAN on training for two million Nigerians

NSE, Rack Centre seal pact on data centre co-location services

New wave of consolidation may swallow Spanish banks

JPMorgan reaches $388 million settlement in mortgage securities case

Bureaucrats derail Indonesia’s infrastructure devt plan

Vitafoam expands operations, inaugurates new centre

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Business - Page 900

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