Global economy in grips of serious slowdown, inflation surges to endure
The global economy is in the grips of a serious slowdown, with some key economies at high risk of recession and only sparse meaningful cooling in inflation over the next…
NIMASA sets up team of experts on maritime security strategy…Hails IMO’s technical assistance
DG NIMASA, Dr. Bashir Jamoh (middle); Director, Marine Environment Management, Mrs. Aishatu A Jidda (3rd right); IMO Facilitator, Phillip Heyl (2ndright); Rear Admiral Medani Rtd. (3rd left); head, ISPS of…
We don’t operate secret offshore accounts, says NPA
MD NPA, Mohammed Bello-Koko The Nigerian Ports Authority NPA, has refuted insinuations in a segment of the media that it operates two secret foreign exchange accounts, which have been allegedly…
ASUU strike: Maritime Workers shun NLC solidarity protest
The Maritime Workers’ Union of Nigeria MWUN, umbrella body for port workers may have shunned the two-day solidarity street protest declared by its parent body, the Nigeria Labour Congress NLC…
Ship insurers seek more assurances on Ukraine grain corridor
Ship insurers will only be willing to cover ships sailing through a proposed corridor to get Ukrainian grain out if there are arrangements for international navy escorts and a clear…
EU looks to replace gas from Russia with Nigerian supplies
The European Union EU is seeking additional gas supplies from Nigeria as the bloc prepares for potential Russian supply cuts, Matthew Baldwin, deputy director general of the European Commission’s energy…
Tin Can Customs records 28% revenue growth…Attributes feat to new VIN- Valuation system
Customs Area Controller, Tin Can Island command, Comptroller Stephen Oloyede The Tin Can Island command of the Nigeria Customs Service has recorded a revenue growth of cent in the first…
NPA synergises with private sector to boost non-oil exports
MD NPA, Mohammed Bello-Koko Federal Government’s efforts at promoting non-oil exports as part of measures to diversify the economy from its current mono product status received a major boost as…
Oil prices slump as stockpiles, rate hikes stoke demand worries
Oil prices fell more than $3 on Thursday after higher gasoline stockpiles stoked demand worries and returning energy supply from Libya and Russia eased supply concerns. futures dropped $, or…
IMO removes regulatory hurdles, boosts biofuels
The decision of the International Maritime Organisation IMO to remove some regulatory hurdles on biofuels may provide the much needed boost for the use of the new and clean energy,…
