The Federal Government, through the Nigeria Shippers Council, has stated that it will mandate port service providers and users to register on the council’s online portal by the third quarter of 2024. The Executive Secretary of the NSC, Pius Akutah, …
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Aliko Dangote The Independent Petroleum Marketers Association of Nigeria says it is expecting that the Dangote refinery will reduce the price of its diesel further to say about N700 per litre. The National Vice President of IPMAN, Hammed Fashola, stated …
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Mrs. Bola Adesola is the Managing Director and Chief Executive Officer of Standard Chartered Bank Limited, Nigeria. Bola also provides leadership for the bank’s business in West Africa to drive the continued strengthening of Standard Chartered Bank’s franchise in the …
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President Tinubu The news that President Bola Tinubu has set up a committee for the implementation of National Single Window platform should not be a thing of joy but a moment of reflection for stakeholders. This is subject is as …
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The management of the Nigerian Shippers’ Council(NSC) recently bent towards the cries of Nigerian shippers by suspending the new haulage rate on Eastern ports. It was said to be for two weeks only! The question therefore is: What do they …
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Before now, the federal government, importers, exporters, clearing agents and other road users were losing several billions of naira to traffic gridlock, illegal activities on the entry points to the Apapa and Tin-Can Island seaports- Apapa-Ijora and Apapa-Oshodi expressway on …
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BY ENYERIBE AYANWU Until March 2023, the headquarters of the Nigerian Maritime Administration and Safety Agency (NIMASA) was No. 4 Burma Road Apapa, Lagos. That is where the headquarters of the apex national maritime regulatory agency has been since its …
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In a determined move to burst the red tape evident in administrative bottlenecks and allied bureaucracies that have constituted impediments to maximizing the comparative advantages that Nigeria’s maritime endowments confer, President Ahmed Tinubu on Tuesday, inaugurated the Steering Committee on the …
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Managing Director / CEO Nigerian Ports Authority (NPA) Mohammed Bello Koko (2nd Left), Port Manager Tincan Island Port Complex Mr. Sylvester Egede (1st Left) Port Manager Lagos Ports Complex Mr. Charles Okaga (3rd Left) and General Manager Security, Mr. Mohammed …
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The Nigerian Ports Authority(NPA) has secured $700million(N801bn) facility from Citibank to rehabilitate the Apapa and Tin-Can Island Ports,Lagos, even as it has begun moves to secure more foreign capital to give a face-lift to the ports on the Eastern parts …
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Oil marketers have paid a visit to the Port Harcourt Refinery Company in Rivers State and have expressed optimism that the plant may start releasing refined petroleum products this month. Dealers under the aegis of the Independent Petroleum Marketers Association …
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Determined to reduce congestion and encourage timely movement of export cargo into Lagos Ports, the Nigerian Ports Authority has opened a 72-hour window for all export trucks to access various terminals. The NPA also vowed to automatically deactivate access tickets …
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Ekperipke Ekpo The Gas Supply and Purchase Agreement to support the Final Investment Decision for the $3.8bn Brass methanol project is to be executed in May 2024, the Federal Government announced on Monday. The Brass methanol project is a major …
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Dr. Muda Yusuf The Centre for the Promotion of Private Enterprise has said that the fluctuating exchange rate has adversely affected container traffic, causing a slowdown in momentum and tempo in the country’s ports. Speaking during a live radio programme …
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The International Monetary Fund has reviewed upwards Nigeria’s economic growth forecast for 2024 from three per cent to 3.3 per cent. This revision was announced in the IMF’s World Economic Outlook for April, which was released during the ongoing 2024 …
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Aliko Dangote The Dangote Petroleum Refinery has listened to the calls of oil marketers as regards the reduction in the price of Automotive Gas Oil, popularly called diesel. On Tuesday, the refinery announced a reduction in the price of diesel …
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Due to a gas shortage that has hindered generation since January, many electricity distribution companies have been finding it difficult to provide Band A customers with 20 hours of electricity. Media findings revealed that while DisCos strive to meet the required …
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NIGERIA INDIGENOUS SHIPOWNERS’ ASSOCIATION Determined to boost ship acquisition in the country, the Nigeria Indigenous Shipowners Association has signed a memorandum of understanding with foreign counterparts to enable them to acquire new ships. The President of NISA, Sola Adewunmi disclosed …
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Nigeria’s crude oil production witnessed the second consecutive monthly decline since the beginning of this year, as it dropped to 1.231 million barrels per day in March, the Organisation of Petroleum Exporting Countries stated on Thursday. OPEC disclosed this in …
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The Federal Government’s total debt stock may experience a significant increase from N87.3tn (as of December 2023) to N111.4tn, following fresh borrowings in the first quarter of 2024. According to an analysis by media source, the Federal Government borrowed over N7tn …
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