Oil theft: Private security operators save Nigeria $43 2m daily — National Accord Newspaper nationalaccordnewspaper.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalaccordnewspaper.com Daily Mail and Mail on Sunday newspapers.
Tantita Security Services Nigeria Ltd., a private security contractor with the Nigerian National Petroleum Company (NNPC) Ltd., says its activities in combating crude oil theft have saved Nigeria over $43.2 million daily. The Executive Director, Tantita Security Services Nigeria Ltd., Capt. Warredi Enisuoh, said this at the maiden Maritime Reporters Association of Nigeria (MARAN) annual
Nigeria: Govt Yet to Disburse N420bn Cabotage Fund 10 Months After Directive allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.
There seems not to be an end to the delay in the disbursement of the over $350 million (about, N420 billion) Cabotage Vessel Financing Fund (CVFF) months after the federal government appointed five banks as primary lending institutions. The government had in December 2022 appointed five commercial banks for the quick and easy disbursement of…
Victor Chiazor, analyst and Head of Research and Investment at FSL Securities Limited, said: “The report by IMF reviewing Nigeria’s GDP growth rate down to 2.9% for 2023 from an initial 3.2% earlier projected for 2023 does not come as a surprise. The report hinged its review on rising inflation and drop in purchasing power of the consumer.