MARITIME ACCIDENT: How Ferry sunk assisting tug in Taiwan By Our Correspondent A Ferry NEW TAIMA collided with assisting tug TIMP NO.13302 while leaving Fuao Port, Matsu Islands in Taiwan, according to FleetMon. It stated: “Ferry NEW TAIMA collided with assisting tug TIMP NO.13302 while leaving Fuao port, Matsu islands, Taiwan, at around 1000 […]
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Nigeria: Telecommunications powerhouse, rated 11th globally in internet penetration, 7th in mobile phone usage — Danbatta By Eyo Nsima Executive Vice Chairman, Nigerian Communications Commission, NCC, Prof. Umar Garba Danbatta, said Nigeria has been rated as 11th and 7th globally in terms of internet penetration and mobile phone usage, respectively. Speaking at the Emerging Technology Forum, which
Dangote beats MTN, Globacom, Banks to emerge Most Valuable Brand in Nigeria for 6th Consecutive Year Dangote Industries Limited has emerged as Nigeria’s most valuable brand for the sixth consecutive year. This achievement was confirmed by the brand and marketing firm, TOP 50 BRANDS NIGERIA, as part of its comprehensive 2023 Top Brands perception assessment. Winning the award for
How TotalEnergies acquires a 40% interest in a CO2 Storage exploration license TotalEnergies has signed an agreement with CapeOmega Carbon Storage AS, a wholly owned subsidiary of CapeOmega AS, to acquire the 40% participating interest held by CapeOmega in the CO2 storage exploration license ExL004 (the “Luna” project). Located 120 km offshore Bergen in
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Nasarawa State and NASENI To Partner On Lithium Processing Policy The Nasarawa State government and the National Agency for Science and Engineering Infrastructure (NASENI) are set to partner on a lithium processing policy that would ensure that Lithium mined in the State is processed locally instead of exporting it raw. The processing policy is
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Tony Elumelu’s Transcorp consolidates position, acquires 60% stake in Abuja DisCo, appoints CEO . As Transcorp Group’s market capitalization hits over N540bn By Eyo Nsima The Transnational Corporation (Transcorp Plc), Transcorp has acquired a 60 percent interest in Abuja Electricity Distribution Company, AEDC, thus consolidating its leadership position in Nigeria’s power sector. Serial entrepreneur and
NCC Showcases Indigenous Telecom Achievements at NTICE 2023 Expo The Nigerian Communications Commission (NCC) is set to showcase achievements so far recorded in the promotion of indigenous content in the telecommunications sector at the second edition of the Nigerian Telecommunications Indigenous Content Expo (NTICE 2023), which holds in Lagos from August 22-24, 2023, at Landmark
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ECONOMY: CBN plans new measures to stabilise naira By Eyo Nsima The Central Bank of Nigeria, CBN, has adopted new measures, targeted at stabilising the naira against the US dollar. The Acting governor of the CBN, Folasodun Sonubi, who disclosed this after a meeting with President Bola Tinubu in Abuja, said: “Mr. president is very
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Digital Cooperation Organization inaugurates Digital Prosperity Awards The Digital Cooperation Organization (DCO) has announced the launch of the highly anticipated Digital Prosperity Awards to honor and celebrate the remarkable digital contributions that enable prosperity for all, particularly in advancing the digital economy, which has a critical role in boosting nations’ development and growth. The Digital
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GLOBAL ECONOMY: United States, Brazil, Russia experience economic growth in H1’23 By Eyo Nsima The United States, Brazil and Russia experienced economic growth that surpassed initial expectations in the first half of 2023, according to the Organisation of Petroleum Exporting Countries, OPEC. In its August 2023 Monthly Oil Market Report, MOMR, the organization, stated: “The
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