Nigeria spends $500m on oil palm imports annually, says CBN
Gov. of CBN, Mr. Godwin Emefiele BY FRANCIS EZEM The Central Bank of Nigeria CBN, has said that the country spends over $500 million (N181billion) annually on the imports of…
LCCI wants FG to revisit forex restriction on textile imports
Director General, Lagos Chamber of Commerce and Industry LCCI, Mr. Muda Yusuf BY FRANCIS EZEM The Lagos Chamber of Commerce and Industry LCCI, has advised the Federal Government to revisit…
US Senator Introduces Bill to Repeal Jones Act
Senior United States Senator from Utah, Michael Lee, has introduced the Open America’s Water Act of 2019, a bill which would repeal the Jones Act and allow all qualified vessels…
Senate in rowdy session, decries Nigeria’s rising debt profile …Says 2019 budget proposals unrealistic
BY OUR REPORTERS Nigeria’s upper legislative chamber, the Senate at plenary yesterday experienced a rowdy session over moves to probe the alleged rigging of the 2019 elections and involvement of…
How NIMASA, NLNG collaboration rescued MV ORC4 …As ship owner expresses appreciation for prompt action
MV ORC4 The Nigerian Maritime Administration and Safety Agency NIMASA has said that it took the collaborative efforts of the agency’s operatives and the NLNG that led to the rescue…
Boeing crisis: Air Peace clarifies B737 MAX 8 order, assures customers of safety …As search crews recover black box for crashed Flight 302
BY FRANCIS EZEM Worried by the concerns raised over the Sunday crash of the Ethiopian Airlines Flight ET302 from Addis Ababa, Ethiopia, to Nairobi, Kenya and its subsequent decision to…
Boeing faces safety questions over 737 MAX 8
Boeing's bestselling passenger jet is facing increased scrutiny after being involved in a second deadly crash in less than six months, threatening to tarnish the US plane maker's reputation for…
Ethiopian Airlines grounds Boeing 737 Max 8 fleet over crash …As authorities begin investigations
BY OUR REPORTERS Ethiopian Airlines has announced the grounding of its Boeing 737 Max 8 fleet, over yesterday’s crash of its Flight ET302 from Addis Ababa, Ethiopia, to Nairobi, Kenya,…
Nigerian women strategic to development of blue economy, says Peterside
Peterside BY FRANCIS EZEM The Director-General of the Nigerian Maritime Administration and Safety Agency NIMASA, Dr. Dakuku Peterside, has said that Nigerian women are strategic to the country’s quest to…
INEC pays CBN, Air Force N1bn to store, transport election materials
INEC Chairman, Prof. Mahmood Yakubu Strong indications emerged that the Independent National Electoral Commission would spend in excess of N1bn on the storage and conveying of sensitive and non-sensitive election…
