Daily Archives: September 9, 2020

ECOWAS halts single currency launch, adopts gradual approach

ECOWAS halts single currency launch, adopts gradual approach

The Economic Community of West African States has postponed the planned launch of its single currency, the Eco. The body agreed to maintain a gradual approach for the launching of the currency. ECOWAS explained that a new date for the ...

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UBA Delivers N300.6bn Gross Earnings, Declares N0.17K Interim Dividend

UBA Delivers N300.6bn Gross Earnings, Declares N0.17K Interim Dividend

Africa’s leading financial institution, United Bank for Africa (UBA) Plc, has announced its audited financial results for the half-year ended June 30, 2020, showing commendable growth across key performance indices as well as an increased contribution from its African subsidiaries. ...

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Niger exports fuel to Nigeria as Egypt, Algeria build 13 refineries

Niger exports fuel to Nigeria as Egypt, Algeria build 13 refineries

• ‘Retool Port Harcourt refinery, stop petrol imports now’ • Dirty fuel may frustrate SDGs in Africa, ARA warns Neighbouring Niger Republic, which started commercial oil production in 2011, now exports petroleum products to Nigeria, as Egypt and Algeria lead ...

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CMA CGM Suspends Peak Season Surcharges

Shipping Companies Must Refund Arbitrary Charges For Cargo Transfer - NSC

By Kenneth Jukpor French Container Transportation and Shipping Company, CMA CGM has followed in the footsteps of the Mediterranean Shipping Company (MSC) in announcing the suspension of the application of the peak season surcharge on ships calling in Nigeria from ...

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N30,000 minimum wage meaningless with petrol price hike – NLC

N30,000 minimum wage meaningless with petrol price hike – NLC

The Nigeria Labour Congress and civil rights groups on Tuesday said there was no economic basis in the claim by the Federal Government that the petrol price in the country was among the lowest in Africa. The NLC President, Ayuba ...

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Oil marketers now free to fix prices, says PPPRA

Petrol subsidy gulped N8.94tn in 10 years, says PPPRA

The Federal Government is no more going to be releasing guiding price bands for the sale of petrol at filling stations; hence, oil marketers are now free to fix prices. On March 19, 2020, the government, through the Petroleum Products ...

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APM Terminals Apapa Boosts Efficiency With Scalable 4G Wireless Network

APM Terminals Apapa Boosts Efficiency With Scalable 4G Wireless Network

By Kenneth Jukpor As part of efforts to ensure seamless port operations via technology, APM Terminals Apapa has rolled out public 4G LTE (Long-Term Evolution) networks at its facilities. The rollout is aimed at enhancing efficiency and productivity at West ...

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NAGAFF Demands Clarity On $3.1bn Customs Modernization Project

NAGAFF Demands Clarity On $3.1bn Customs Modernization Project

Highlight several failed e-Customs contracts By Kenneth Jukpor   In a bid to address the ambiguity surrounding the $3.1billion Customs Modernization concession contract approved by the Federal Executive Council (FEC) recently, the National Association of Government Approved Freight Forwarders (NAGAFF) ...

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