NIMASA, NiMET synergise on IMO’s maritime sector audit
From left: Director General, Nigerian Maritime Administration and Safety Agency NIMASA, Dr Bashir Jamoh, presents a plaque to the Director General of Nigerian Meteorological Agency NiMet, Professor Mansur Matazu, who…
World to reach peak oil demand before 2030 – TotalEnergies
Global oil demand is expected to peak before 2030, earlier than previously projected, TotalEnergies forecast on Monday. The French oil major – which had previously forecast the peak happening around…
Maersk selling container manufacturing business to CIMC in $987.3m deal
AP Moller - Maersk is selling its reefer container manufacturing company to China International Marine Containers CIMC in a $ deal. The sale of Maersk Container Industry MCI to Chinese…
Kenya removed from piracy red list
The global shipping industry has removed Kenya maritime waters within the Indian Ocean from the piracy red list, 12 years after it was designated a high-risk area HRA. The move…
Oil gains for 5th day amid supply constraints
Oil prices rose for a fifth straight day on Monday with Brent heading for $80 amid supply concerns as parts of the world sees demand pick up with the easing…
Nigeria seeks maritime sector investment through wreck removal
Minister of Transport, Rt. Hon. Rotimi Amaechi Federal Government of Nigeria has expressed the hope that its decision to remove wrecks on the nation’s water channels would open up the…
NPA plays host to Lekki Port delegation
From left: Acting Managing Director of the Nigerian Ports Authority NPA, Mohammed Bello-Koko, presents the authority’s plaque to the Managing Director, Lekki Port, Du Ruogang during a working visit to…
Global services trade recovering but below pre-pandemic levels- WTO barometer
Director-General, WTO, Dr. Ngozi Okonjo-Iweala The latest barometer index reading of is above the global services trade activity index and above the baseline value of 100, suggesting that the volume…
Eurozone strong growth story jeopardised by supply bottlenecks
Slowing growth, higher prices The flash composite PMI fell to in September from 59 in August, clearly undershooting the consensus expectation (). The weaker confidence was across the board: in…
N5bn debt: Why we seized former Kwara Governor’s mansions-AMCON
Former Governor of Kwara State, Abdulfatah Ahmed Federal Government’s public debt recovery agency; the Asset Management Corporation of Nigeria AMCON has given more insights why it decided to seize mansion…
