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Cabotage Vessels Finance Fund

Bank of Industry (BoI)

Bank of Industry disburses $82 million for ship procurement

The Bank of Industry (BoI) has disbursed $82million to some indigenous investors for the purchase of ships. The cash covers support for companies involved in ship repairs and allied investments.

Shipowners raise fresh alarm over alleged missing $300 million from cabotage fund

The Nigerian Shipowners Association (NISA) has raised a fresh alarm over an alleged missing $300 million from the Cabotage Vessels Finance Fund (CVFF) between 2008 and 2015.

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Seplat Petroleum Development Company

Seplat acquires London-listed Eland Oil & Gas for $486 million

Seplat Petroleum is to acquire London-listed Eland Oil & Gas for £382 million ($486,163,760.00) in a bid to scale the business and grow in Nigeria, according to the boards of the companies.

Osun, Oyo Assemblies to meet over LAUTECH ownership crisis

The Osun State House of Assembly and its Oyo State counterpart, are now set to resolve the ownership crisis rocking the jointly-owned Ladoke Akintola University of Technology, Ogbomoso and its teaching hospital, Osogbo.
Governor of Lagos State, Mr. Babajide Sanwo-Olu, has promised the support of his administration for creative industry with a view to making the sector achieve a sustainable economic status. 4

Lagos governor seeks re-ordering of 2019 budget, laments inadequate revenue

Lagos State Governor, Babajide Sanwo-Olu, has written to the state House of Assembly, seeking for the re-ordering of the 2019 budget.
Minister of Water Resources Suleiman Adamu

State governments paying lip service to water, sanitation investment – minister

Suleiman Adamu, Minister of Water Resources, on Tuesday criticised federating states in the country, over what he described as poor investments in water and sanitation schemes.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

Oil prices edge higher as OPEC hints at deeper output cuts

Oil prices rose on Wednesday, tracking gains in equities, as investors pinned hopes on a potential Brexit deal between Britain and the European Union and on signals from OPEC and its allies that further supply curbs could be possible.