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Why Nigeria’s N77trn Maritime Potentials Remain Unattainable

Why Nigeria’s N77trn Maritime Potentials Remain Unattainable

By Kenneth Jukpor As Nigeria tries to diversify its economy away from the overdependence on crude oil, the maritime sector has been tipped as one of the leading alternatives with estimated revenue potentials of over N77 trillion yearly. Nevertheless, the …

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Pantami’s FUTO Professorship: Intrigues And Politics

Pantami’s FUTO Professorship: Intrigues And Politics

By Kenneth Jukpor Controversies continue to trail the appointment of the Minister of Communications and Digital Economy, Isa Ali Pantami, as Professor of Cybersecurity by the Federal University of Technology, Owerri (FUTO), a development that has brought ridicule to the …

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Stemming Capital Flight In Aviation Sector To Save Naira And Airlines

Stemming Capital Flight In Aviation Sector To Save Naira And Airlines

High cost of maintenance has been a perennial challenge for Nigerian airlines because major checks are done overseas and they have to face the vagaries of unstable forex. About five years ago it was projected that Nigerian airlines spend about …

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Port Stakeholders Perplexed As Customs Receive Scanners At Major Ports

Port Stakeholders Perplexed As Customs Receive Scanners At Major Ports

By Kenneth Jukpor The excitement from the recent notices that Nigeria Customs Service (NCS) has taken delivery of scanners at the nation’s foremost ports in Apapa, Tin Can Island and Onne ports is yet to damp down, but port operators …

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Why AfCFTA Struggles For Requisite Traction Amid Opportunities

Why AfCFTA Struggles For Requisite Traction Amid Opportunities

By Kenneth Jukpor Despite having a celebrated role as a crucial driver for economic growth, industrialization and sustainable development in the African continent, the African Continental Free Trade Area (AfCFTA) has been described as a deferred dream yet to get …

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Excise Duties On Soft Drinks, Others: Why FG Should Rethink

Excise Duties On Soft Drinks, Others: Why FG Should Rethink

By Kenneth Jukpor The federal government’s efforts to expand its revenue generating sources is expected to lead to the re-introduction of excise duty on the production of soft drinks, plastic tiles, tissue paper, water and some other products in the …

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Why CBN’s Naira-Yuan Swap Ended Without Results

Why CBN’s Naira-Yuan Swap Ended Without Results

By Kenneth Jukpor Three years ago, precisely on June 6, 2018, the Central Bank of Nigeria (CBN), issued the Regulations for Transactions with Authorized Dealers in Renminbi which provided the framework for implementing the Bilateral Currency Swap Agreement that was …

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AfCFTA: Stakeholders Itemize Infrastructure Gaps, Ease Of Doing Business Constraints

AFCFTA: Stakeholders Itemize Infrastructure Gaps, Ease of Doing Business Constraints

By Kenneth Jukpor As Nigeria continues preparation for the African Continental Free Trade Area (AfCTA), a treaty widely seen as a crucial driver for economic growth, industrialization and sustainable development in the continent, Nigerian Shippers’ Council (NSC) hosted the nation’s …

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Digital Assets And Millennials – The Perfect Match

Digital Assets And Millennials – The Perfect Match

From the standpoint of technological adaptability, Millennials are among the groups which were able to adjust the most in a brief period of time—a time that is torn and accelerated anew by paradigm shifts all over the board. The older …

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How Prepared Is Nigeria For IMO Council Elections?

Why Nigeria Isn't Ready For 2021 IMO Council Election

By Yusuf Odejobi Four months to the next International Maritime Organization (IMO) Governing Council elections, stakeholders in Nigeria’s maritime sector have expressed doubts about the nation’s readiness for the polls, highlighting some reasons why Nigeria isn’t ready. While some experts …

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Governors’ N380/Litre PMS Proposal And FG’s Rebuttal

Governors’ N380/Litre PMS Proposal And FG’s Rebuttal

Barely three months after the Federal Government turned down the recommendation by the Nigeria Governors’ Forum for an increase in the price of Premium Motor Spirit, popularly called petrol, the Federal Government again on Friday reiterated its stance, insisting that …

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MOWCA Saga: Untold Story Of The Intrigues And Politics

MOWCA Saga: Untold Story Of The Intrigues And Politics

By Kenneth Jukpor & Yusuf Odejobi Nigeria exited the Maritime Organization for West and Central Africa (MOWCA) elections, amid controversies surrounding its first attempt to produce a Secretary-General since the organization was formed 45 years ago, a body which has …

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POF: CRFFN Sparks Mixed Reactions Among Freight Agents

POF: CRFFN Sparks Mixed Reactions Among Freight Agents

By Yusuf Odejobi In recent years, the freight forwarding sector in Nigeria has been in a warzone over the collection of Practitioners’ Operating Fees (POF) by the Council for the Regulation of Freight Forwarding in Nigeria (CRFFN). On many occasions …

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Nigerian Railways And Operational Challenges During Rainy Seasons

Nigerian Railways And Operational Challenges During Rainy Seasons

By Yusuf Odejobi Train service is not entirely new to Nigerians, especially Lagos residents with the Rail Mass Transit operated by the Nigerian Railway Corporation (NRC). The Lagos-Ibadan rail corridor is significant to Nigeria’s economy, albeit realizing this, the federal …

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Bi-Courtney/FAAN Concession Rift: Experts Proffer Solutions

Bi-Courtney/FAAN Concession Rift: Experts Proffer Solutions

By Yusuf Odejobi Over the years, Public-Private Partnership (PPP) has gained global recognition as the key vehicle for the provision of necessary public projects due to government’s inability to fund the infrastructural needs of the people. Nigeria is not different …

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AfCFTA: Experts Dissect Obstacles And Opportunities

By Yusuf Odejobi African Continental Free Trade Area (AfCTA) is widely seen as a crucial driver for economic growth, industrialization and sustainable development in Africa. It opens up business opportunities that cover a gross domestic product (GDP) of $3.4 trillion …

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Analyzing Malanta’s Maiden Five Months At Nigeria’s Premier Port

2021: Apapa Customs Revenue Exceeds N526bn, Records N87.8bn In August

By Kenneth Jukpor “Every record has been destroyed or falsified, every book rewritten, every picture has been repainted, every statue and street building has been renamed, and every date has been altered. The process is continuing day by day and …

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World Seafarers Day: Nigerian Seafarers Enumerate Woes

World Seafarers Day: Nigerian Seafarers Enumerate Woes

Yusuf Odejobi With over 2million seafarers across the globe, there’s need to recognize the unique and vital role these professionals play to world trade and the global community at large. Seafarers are responsible for the transportation of goods and services …

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AfCFTA: Experts Dissect Nigeria’s Prospects As Preparation Reach 81%

AfCFTA: Experts Dissect Nigeria’s Prospects As Customs Reach 81% Preparedness

By Kenneth Jukpor Despite the COVID-19 pandemic leaving effects Africa’s economy in rumbles like other continents of the world, the pandemic hasn’t dented the continent’s anticipated historic milestone, the African Continental Free Trade Area (AfCFTA) which has taken effect to …

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Oceans Day 2021: Nigeria’s Efforts Towards Clean Territorial Waters

Oceans Day 2021: Nigeria’s Efforts Towards Clean Territorial Waters

By Yusuf Odejobi As the international community celebrated 2021 World Oceans Day on Tuesday June 8, last week, stakeholders in Nigeria’s maritime sector have called for more awareness in maintaining the sanctity of the oceans as they perceive that the …

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