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Monthly Archives: March 2019

MMS Plus Business Roundtable: Why Port Access Crisis Will Defy FG’s Solutions

MMS Plus Business Roundtable: Why Port Access Crisis Will Defy FG's Solutions

• FDI’s restrained by policies, lack of confidence in FG • Public sector funds key to strengthen Commercial Banks By Kenneth Jukpor Despite the alarming degree of traffic congestion that characterizes Lagos ports and neighbouring environs, economic experts have predicted ...

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How To Fix A Leaking Boat

How To Fix A Leaking Boat

Leaks are not only inconvenient and aggravating, but also cause damage to personal gear and the boat itself. The source of leaks are usually hard to find and even harder to stop. Of course, the granddaddy of all leaks is ...

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Appeal Court Sets Aside Judgment On NIMASA, NLNG Levy Case

Appeal Court Sets Aside Judgment On NIMASA, NLNG Levy Case

The Court of Appeal, Lagos Division, on Friday set aside the judgment of a Federal High Court which held that the Nigeria Liquefied Natural Gas (NLNG) was right in refusing to pay levies imposed by the Nigerian Maritime Administration and Security Agency ...

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Ship Financing: Stakeholders Lament Colossal Interest Rates

Ship Financing: Stakeholders Lament Colossal Interest Rates

Stakeholders in the Nigerian maritime sector have highlighted high interest rate and lack of single digit financing as one of the major problems facing the maritime industry in the country. They made this claim during a maritime breakfast round table ...

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BULLS: Special Nigerian Mothers!!!

BULLS: Special Nigerian Mothers!!!

Mother’s Day is a day to celebrate mothers and all mother figures such as grandmothers, stepmothers and mothers-in-law and everything a mother stands for in the society. In Nigeria, March 31st is the date set aside to celebrate mothers and ...

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Shippers Council, CRFFN Intervention Thwarts Lagos Port Crisis

Shippers’ Council Begins Investigation On Grimaldi Over Demurrage Charges

· As Aggrieved Freight Forwarders Issue FG 14-Day Ultimatum By Kenneth Jukpor The Council for the Regulation of Freight Forwarding in Nigeria (CRFFN) and the Nigerian Shippers’ Council (NSC) have met with the Concerned Freight Forwarders in the Western Zone with ...

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Customers Of British Airways To Enjoy Lounge Services

Customers Of British Airways To Enjoy Lounge Services

Premium Customers of British Airways (BA) flying from Nnamdi Azikwe International Airport, Abuja will be treated to kingship reception before departure, courtesy of Strong ground Delivery Services Enterprise (SDS) lounge services, which has provided a world-class lounge for BA passengers. ...

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NAAPE Urges Airlines To Improve Safety Culture

Resolving Aircraft Maintenance Problems For Local Airlines

The National Association of Aircraft Pilots and Engineers (NAAPE) has urged airlines, regulators and other aviation stakeholders to improve safety culture in the industry. The group, at a safety workshop in Lagos, reiterated that standard safety culture is central to ...

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Nigeria’s Oil Rich Bayelsa State Opens Oil Spills Inquiry

Nigeria’s Oil Rich Bayelsa State Opens Oil Spills Inquiry

A major new inquiry into oil companies operating in the Niger Delta has been launched by the Archbishop of York, John Sentamu. The probe will investigate “environmental and human damage” in Nigeria’s vast oil fields. “This Commission will investigate the ...

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NLNG’s Train-7 Project To Improve Nigeria’s LPG Market

NLNG’s Train-7 Project To Improve Nigeria’s LPG Market

   The Executive Secretary of the Nigerian Content Development Management Board (NCDMB), Mr. Simbi Wabote, has predicted a boom in Nigeria’s Liquefied Petroleum Gas (LPG) market with the anticipated addition of a seventh train to the existing six Liquefied Natural ...

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PENGASSAN Urges Buhari To Separate Petroleum Ministry From Presidency

PENGASSAN Urges Buhari To Separate Petroleum Ministry From Presidency

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has called on President Muhammadu Buhari to separate the Ministry of Petroleum Resources from the Presidency to make it efficient. It urged the incoming federal lawmakers to ensure that ...

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Shippers’ council, SON harp on ethics, integrity in shipping

Shippers’ Council Begins Investigation On Grimaldi Over Demurrage Charges

The Nigerian Shippers Council (NSC) in collaboration with the Standard Organisation of Nigeria (SON) have intensified efforts to boost the ethics and integrity in shipping trade, urging the importers to comply with the standards and shun unethical practices that is ...

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Nigeria loses N3.5tr yearly to poor ports infrastructure

Q1: Tin Can Island Port Receives 213 Ships, Records 6.7m Tonnage

Nigeria’s routine losses appear unending, as the Nigerian Logistics and Supply Chain Industry estimated N3.4 trillion yearly shortage caused by poor infrastructure, policy implementation and corruption at the nation’s ports. The report published by Africa Centre for Supply Chain (ACSC), ...

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Ship operators raise concerns over string of vessel fires

Ship operators raise concerns over string of vessel fires

The international shipping industry is currently wrestling with a spate of fires aboard vessels at sea in recent months that have crippled several big cargo ships, killed a number of seafarers and cost companies and their customers hundreds of millions ...

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BPE hinges NNPC’s privatisation on Petroleum Industry Bill outcome

BPE hinges NNPC’s privatisation on Petroleum Industry Bill outcome

•AIHN reiterates policy reforms in oil sector, others to grow capital market The Director General of Bureau for Public Enterprises (BPE), Alex Okoh yesterday, insisted that the bureau must await the outcome of the Petroleum Industry Bill (PIB) to privatise ...

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Travelex, ABCON target $20b diaspora remittances in new partnership

Travelex, ABCON target $20b diaspora remittances in new partnership

Travelex Nigeria and the Association of bureaux De Change Operators of Nigeria (ABCON) are scripting a strategic partnership that will enable the nation’s Bureau de Change (BDC) operator to access the more than $20 billion yearly Diaspora remittances into the ...

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Crude Oil Price Drops by 1% over Excess US Inventories

Oil prices to steady at $72.50 in Q2 on cuts, U.S. sanctions

Oil prices sank about one per cent Wednesday after a United States government data showed that the country’s crude stocks unexpectedly rose last week as exports slowed due to a chemical spill at the country’s busiest energy port. While the ...

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Exporters bemoan N5000 per kilo of produce tariff charge

Exporters bemoan N5000 per kilo of produce tariff charge

Exporters in the Airfreight business have decried the exorbitant tariff charges imposed by the Nigerian Agricultural Quarantine Service on agricultural produce, saying the agency charges as hgh as N5000 per kilo of goods. They disclosed that due to the ridiculous ...

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‘Why Africa’s regional trade remains low’

‘Why Africa’s regional trade remains low’

*How private sector participation can connect markets, enhance competitiveness, others *Fidelity reaffirms support for Nigerian exporters and MSMEs With Africa’s working population of over 600 million people set to be doubled by 2040, the continent is positioned to become the ...

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Reactions trail Central Bank of Nigeria’s rates cut

Reactions trail Central Bank of Nigeria’s rates cut

Reactions have continued to trail Tuesday’s reduction of Monetary Policy Rate (MPR) to 13.5 per cent by the Central Bank of Nigeria (CBN) after holding at 14 per cent for 32 months. Addressing journalists after its Monetary Policy Committee (MPC) ...

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