Morning Beats

22 fuel-laden vessels berth Apapa ports this week

No fewer than 22 vessels laden with petroleum products are expected to berth at Lagos ports this week to boost fuel supplyGuardian

Tanker vessels face worst moment as trade war lingers

This is definitely not the best of time for tanker vessel owners worldwide, as the tragedy of trade war between the United States (US) and China; about 19-month curtailment of crude cargoes; and environmental regulations that are proving uneconomical, hit hard on the fleet.Guardian

‘Downstream oil and gas players need data to survive’

Oil and gas businesses operating in the downstream retail segment of the industry risk demise if the needed attention is not paid to market data management, according to Energy360 Africa Limited.Guardian

Electricity workers threaten to shut power, demand sack of MD

Electricity workers yesterday in Abuja threatened to shut down power, unless the Federal Government sacks the Transmission Company of Nigeria’s (TCN) Managing Director, Usman Mohammed.The Nation

Fed Govt’s N701b cash increases generation by 3,000Mw

The Minister of Power, Works and Housing, Mr. Babatunde Fashola, said the N701billion payment assurance guarantee fund for electricity generation companies (GenCos) raised power generation capacity to 7,000 megawatts (Mw).The Nation

Forex: Wholesale market, others get $210m from CBN

The Central Bank of Nigeria (CBN) has sustained its intervention in the inter-bank foreign exchange market by injecting $210 million into the market.The Nation

IPMAN, PEF bicker over payment

The Independent Petroleum Marketers Association of Nigeria (IPMAN) yesterday lamented that Petroleum Equalisation Fund (PEF) has slowed down the pace of settling its debts for bridging petroleum products.The Nation

Anambra to boost spices production for local, export markets

Anambra State Governor Willie Obiano has unveiled the plans of the state to boost spices production for local consumption and for export.The Nation

NIRSAL projects $4.4bn revenue from agricultural exports in 2018

Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) has projected the country’s agricultural exports revenue to reach $4.4 billion (N1.6 trillion) by the end of this year.Vanguard

FG receives N813bn from Total, Chevron, CNOOC in one year

THE Federal Government received $2.68 billion, about N817.4 billion, from Total, Chevron and China National Offshore Oil Company, CNOOC, in 2017, according to documents obtained from the Canadian government.Vanguard

DMO raises N410bn to finance 2018 budget

The Debt Management Office (DMO) has raised N410 billion from the domestic capital market as public borrowings to fund the 2018 budget. The federal government had indicated that N1.6 trillion would be borrowed to finance about N1.95 trillion deficit contained in the budget.Vanguard

NNPC, investors to relocate refinery from Turkey to Nigeria

The Nigerian National Petroleum Corporation on Tuesday announced plans to establish a 100,000-barrels-per-day brownfield refinery each in Port Harcourt, Rivers State and in Warri, Delta State.Punch

Nigeria borrows N2.75tn in one year

The debt owed by the Federal Government, state governments and the Federal Capital Territory Administration increased by N2.75tn between July 1, 2017 and June 30, this year, statistics from the Debt Management Office have indicated.Punch

FG builds 26,002 houses with N197bn

A total of N197bn has been spent on the construction of 26,002 houses across the country.Punch