Maritime
15 Feb
Nigerians received a shocking Valentine's Day gift yesterday as the Nigerian Customs Service (NCS) raised the import duty exchange rate to N1,481.482/$1, which is a 2.56 per cent increase from the existing benchmark.
12 Feb
Lagos-based lawyer and real estate advisor, Olajide Ajana, has said the recent position of the Supreme Court in its judgment between the Lagos State Government and Federal Government over control of the National Inland Waterways Authority
12 Feb
Terminal Manager, APM Terminals Apapa, Steen Knudsen, has said the terminal is in talks with the Nigeria Customs Service (NCS) to invest in more scanners for optimal cargo delivery to consignees.
12 Feb
Nigeria lost out on the $50.3 billion global shipyard market contribution to economies last year, following the inability of the federal government to revive the moribund ship repair yards.
12 Feb
Nigeria Customs Service (NCS) has briefed the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) on its measures to recover unremitted funds, increase revenue generation and block revenue leakages.
12 Feb
The Managing Director of Inland Containers Nigeria Limited (ICNL), Ismail Yusuf, has decried the lack of direct transportation from the seaport to the hinterland, making the cost of moving containers very expensive.
12 Feb
A report said empty containers accounted for about 80 per cent of traffic from Nigerian ports in 2023 just as cargo import and export continue to decline.
12 Feb
The Maritime Researchers and Authors Association of Nigeria (MARASSON) has warned that the year holds a bleak future for the maritime industry, especially as 2023 witnessed poor import and export.
12 Feb
The over N84 billion Federal Government’s investments in river ports across the country have remained underutilised, deserted and struggling to attract maritime traffic, findings have revealed.
12 Feb
The Chairman of Oil Trading Logistics Africa Downstream Energy Week, Dr Emeka Akabogu, has unveiled two books that would address issues of shipping regulations, arrests and detention as well as laws governing port operations in the country.
11 Feb
The Minister for Marine and Blue Economy, Adegboyega Oyetola, has said that the process of shopping for the appropriate financing model for the upgrade of the country’s ports is delaying the execution of the projects, estimated at about $800m.
4 hours ago
The Managing Director of Nigeria Breweries Plc, Hans Essaadi, said the fact that the naira has shown some appreciation against the dollar in recent weeks has had little or no impact on input cost.
4 hours ago
The Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, Ojaja II, said the recently-launched Tingo Cola and Tingo Electric energy drink would not only deepen local content principles and compete locally with other exportable brands but would also provide employment to hundreds of youths in the country.
4 hours ago
Despite the abundance of raw materials needed for self-sufficiency and the production of pulp and paper in the country, Nigeria is still missing out on the massive income to be made on the production, sale and export valued at $360 billion.
4 hours ago
The Chartered Institute of Taxation of Nigeria (CITN) has warned political leaders against abuse of taxpayers' money, stating that collecting tax revenue from taxpayers without using it judiciously weakens the country's taxation system.
4 hours ago
To halt the fresh panic building over the fate of the naira, the Central Bank of Nigeria (CBN) is set to disburse another tranche of liquidity intervention to 1,583 Bureau de Change operators.
4 hours ago
Oil-producing communities in Niger Delta have called for transparency and accountability in the ongoing divestment of oil and gas assets in the region.
4 hours ago
The Presidential Enabling Business Environment Council (PEBEC) in its 2023 Business Facilitation Act (BFA) has adjudged the Nigerian Content Development and Monitoring Board (NCDMB) and the Standards Organisation of Nigeria (SON) as best in business facilitation, with 29 agencies scoring below 50 per cent.
4 hours ago
Daniel Oyeduntan, a seasoned professional with about a decade of experience in data science and machine learning, is capturing the attention of the technology industry across EMEA.
4 hours ago
With a focus on maximizing production from the hydrocarbon assets to enhance revenues and meet production quota, the Nigerian National Petroleum Company Limited (NNPCL) and its joint venture partner in the Awoba Unit Field, Newcross Exploration and Production Limited, have resumed production from the field with an initial average production of 8,000 barrels per day (bpd)
4 hours ago
The Nasarawa State government said it is leveraging industrial, agricultural and mining potential for inclusive and sustainable wealth creation in a bid to drive its industrialisation agenda and position the state as an economic hub.