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How To Do Hydrographic SurveyHow To Do Hydrographic Survey

How To Do Hydrographic Survey

In this week’s edition of Shippers Guide, we take a look at hydrography, its importance, international obligations and the various methods of carrying out hydrographic survey. The term hydrography is synonymously used to describe maritime cartography, which in the final ...

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Marine protection and Nigeria’s blue economy

Marine protection and Nigeria’s blue economy

My attention was recently drawn to a statement credited to the Minister of State for Environment, Barr Sharon Ikeazor, and published in the Leadership Newspaper of 17 Sep 20, p.14, captioned “Nigeria Lacks Marine Protected Areas Despite 11,600 sqkm Coastline ...

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Bittersweet victory for Emery as Villarreal spare 10-man Arsenal

Bittersweet victory for Emery as Villarreal spare 10-man Arsenal

Unai Emery won his big reunion with Arsenal but 2-1 might prove a small reward for Villarreal, who failed to take advantage of Dani Ceballos being sent off in a frantic Europa League semi-final first leg on Thursday. Manu Trigueros ...

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COVID-19: No direct flight with India, says NCAA

COVID-19: No direct flight with India, says NCAA

The Nigerian Civil Aviation Authority has assured Nigerians that the government will take every necessary action to protect the citizens from COVID-19. Speaking with our correspondent on Thursday, General Manager, Public Relations, NCAA, Mr Samuel Adurogboye, said India which had ...

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Customs seize imported bottled waters, others

Customs seize imported bottled waters, others

The Area Controller of Kirikiri Lighter Terminal Command in Lagos, Mr Hammi Swomen, on Thursday, said it had seized some items including bottled waters. Swomen disclosed this to journalists at the Kirikiri Command, saying relevant stakeholders had been invited to ...

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First Bank directors fired to protect customers, minority shareholders – CBN

External reserves lost $350m in two weeks, says CBN

The Central Bank of Nigeria on Thursday fired all the directors of First Bank of Nigeria Limited and First Bank of Nigeria Holdings Plc and appointed new persons to fill the positions. CBN Governor, Godwin Emefiele, announced the removal of ...

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Oil hits six-week high $68.47 as dollar weakens

Oil hits six-week high $68.47 as dollar weakens

The international oil benchmark, Brent crude, reached its highest in six weeks on Thursday as strong US economic data, a weak dollar and overall expected recovery in demand outweighed worries about the impact of increased COVID-19 cases in Brazil and ...

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NAFDAC, NERC, NIGCOMSAT, others opt for of self-funding

NAFDAC, NERC, NIGCOMSAT, others opt for of self-funding

Some government agencies on Wednesday opted out of funding from the federal budget and refunded millions of revenues due to the Consolidated Revenue of the Federation. They took the decision at the ongoing investigation by the Senate Committee Finance on ...

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Joshua versus Tyson Fury now in serious jeopardy, says Bob Arum

Joshua versus Tyson Fury now in serious jeopardy, says Bob Arum

• ‘Gypsy King may fight Wilder instead’ Anthony Joshua’s undisputed showdown with Tyson Fury is in serious jeopardy due to a lack of communication, according to The Gypsy King’s promoter Bob Arum, reports givemesport.com. The Top Rank boss says making ...

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Investors lose N280bn as 23 firms’ share prices fall

Stocks shed N190bn as Stanbic, 21 others record losses

Investors in the Nigerian stock market lost N274bn on Wednesday as 23 firms saw their share prices drop at the end of trading. The Nigerian Stock Exchange All-Share Index fell by 1.33 per cent to 38,781.48 basis points from 39,305.48bps. ...

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Osinbajo chairs panel to address worsening poverty

Osinbajo chairs panel to address worsening poverty

The Federal Executive Council on Wednesday approved the National Poverty Reduction with Growth Strategy submitted by the Presidential Economic Advisory Council. The decision was taken at the weekly meeting of the council presided over by the President, Major General Muhammadu ...

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Tough times ahead for states as FG insists on bailout repayment

Tough times ahead for states as FG insists on bailout repayment

• States will push the burden to citizens, says Ajibola • Nigeria needs tough policy decisions, say economists • Many states not generating enough Like a repeat of the 2016 and 2018 era when many states were unable to pay salaries ...

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N15.71bn petroleum products lost to vandalism in 2020 – NNPC

N15.71bn petroleum products lost to vandalism in 2020 – NNPC

Amid continued pipeline vandalism in the country, petroleum products worth N15.71bn were lost last year, according to the Nigerian National Petroleum Corporation. Data obtained from the NNPC showed that petroleum products worth N1.71bn were lost in January; N1.83bn in February; ...

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COVID-19 resurgence, threat to oil demand recovery – OPEC

COVID-19 resurgence, threat to oil demand recovery – OPEC

The resurgence of the COVID-19 pandemic in many countries is posing a threat to economic and oil demand recovery, the Organisation of Petroleum Exporting Countries has said. It disclosed this at the 16th OPEC and non-OPEC ministerial meeting of the ...

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CBN injects $1.47bn into forex market in one month

Foreign Direct Investment declined by $30m in January – CBN

The Central Bank of Nigeria injected $1.47bn into the foreign exchange segment of the market as part of its efforts to stabilise the naira in January. According to figures from the CBN’s January report on its foreign exchange market developments, ...

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Nigeria now our biggest market –Crypto trading platform

Nigeria now our biggest market –Crypto trading platform

Paxful, a global peer-to-peer fintech, has said Nigeria is now its biggest market with a volume of $1.5bn. It disclosed this on Tuesday in a statement, titled ‘Nigeria emerges as Paxful’s biggest market, hits $1.5bn in volume with over 1.5 ...

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All international airports’ll become fully operational soon – FG

All international airports’ll become fully operational soon – FG

All five international airports in Nigeria will become fully operational to international flights in a couple of weeks, the Federal Government said on Monday. Speaking on behalf of the aviation industry at the COVID-19 Presidential Steering Committee meeting, the Director-General, ...

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Nigeria, Cameroon to combat piracy in Gulf of Guinea

Nigeria, Cameroon to combat piracy in Gulf of Guinea

Nigeria and the Inter Regional Coordination Centre Yaoundé has formed a forum aimed coordinating regional and international efforts to combat piracy in the Gulf of Guinea. According to the International Maritime Bureau, 135 maritime kidnappings were recorded in 2020, with ...

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Airlines retain 100% fare hike over forex scarcity, Jet-A1 price spike

Airlines retain 100% fare hike over forex scarcity, Jet-A1 price spike

• More than 25 aircraft stuck overseas due to liquidity crisis • Experts hinge aviation survival on local refineries, special FX window, interlining arrangements • It’s unfortunate to rely 100% on imported Jet A1, says Joji Despite disbursement of N5 ...

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Oil drops to $65 as India’s COVID-19 cases surge

Crude nears $70, raises fear of federation account depletion

The global oil benchmark, Brent crude, declined on Monday as the Organisation of the Petroleum Exporting Countries and its allies indicated that it was watching surging COVID-19 cases in India, the world’s third-biggest oil importer. Brent crude, against which Nigeria’s ...

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