Vanguard Media Limited

Chappal Energies acquires 10% stake in TotalEnergies EP key oil, gas assets Chappal Energies yesterday said it has acquired a 10 percent non-operated interest Sale and Purchase Agreement with Total Energies, EP, Nigeria Limited, onshore and shallow water assets within the Shell Petroleum Development Company, SPDC, Joint Venture, JV, in the Niger Delta. Read more>>> https://lnkd.in/eSAkVSS7

Nigerian banks lack capacity to grow the local shipping industry — Mariners THE Nigerian Association of Master Mariners, NAMM, has said that banks currently operating in Nigeria lacks the financial capacity to grow the local shipping industry hence the need to look at other options for vessel financing in country. Read more>>> https://lnkd.in/eDgQhXmU

Insurers’ assets hit N3.3trn as premium income rises by 51% Despite the harsh operating business environment in the economy, insurance companies were able to grow their total assets by 36.9 per cent year-on-year, YoY, to N3.3 trillion in Q1’24 from N2.4 trillion in the corresponding period of Q1’23. Read more>>> https://lnkd.in/em5a4kYy

Breaking: Stakeholders protest at JAMB policy meeting as minister pegs admission age at 18 Stakeholders and attendees at the ongoing policy meeting of the Joint Admissions and Matriculation Board, JAMB, are protesting as the Minister of Education, Prof. Tahir Mamman, declared that only candidates who have attained the age of 18 would henceforth be given admission into tertiary institutions in the country. Read more>>> https://lnkd.in/emtvc_Kg

Nigerian economy underperformed in H1’24 — Rewane The Nigerian economy performed below expectation in the first half of the year (H1’24) and requires a minimum growth of four percent in the next three quarters to meet the target of 3.88 percent gross domestic product (GDP) set by the federal government in the 2024 budget. Read more>>> https://lnkd.in/ewUWrzxg

Telecoms sector hard hit by harsh govt policies — REPORT The Information and Communications Technology, ICT, the sector has shown great stability in recent years, holding off bad economic conditions, to contribute handsomely to the nation’s Gross Domestic Product, GDP. Read more>>> https://lnkd.in/e67jpwMy

Dangote backs NUPRC on domestic crude supply guidelines THE Management of Dangote Industries Limited (DIL), have commended the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), for its various interventions in the oil company’s crude supply requests from International Oil Companies (IOCs), and for publishing the Domestic Crude Supply Obligation (DCSO) guidelines to enshrine transparency in the oil industry. Read more>>> https://lnkd.in/eYJZWVcR

President Joe Biden has tested positive for Covid-19, according to the president and CEO of UnidosUS Janet Murguía...

Social sector budgeting: UNICEF, S/East leaders brainstorm on way forward OFFICIALS of the United Nations Children’s Fund, UNICEF, and South East leaders have concluded a meeting in Awka, Anambra State, during which the issue of social sector budgeting for the region took the center stage./ Read more>>>https://lnkd.in/e3auDi_t

NDLEA auctions properties forfeited by drug cartels The National Drug Law Enforcement Agency (NDLEA), on Wednesday, auctioned properties and assets seized from drug cartels, worth millions of naira. Speaking during the event in Abuja, the NDLEA chairman, retired Brig. Gen. Buba Marwa said that the agency followed due process and transparency in the auction. Read more>>>https://lnkd.in/eUZgZZCV