CBN moves to end textile products smuggling …Set to blacklist individual, corporate smugglers
CBN Governor, Godwin Emefiele BY OUR REPORTER The Central Bank of Nigeria CBN has said it has commenced a process that would checkmate the rampant smuggling of textile products into…
NPA: Proper use of truck transit parks would enhance port operations
BY FRANCIS EZEM The Nigerian Ports Authority NPA has said that effective and proper use of services provided by the newly built truck transit parks would promote efficient port operations…
House of Representatives chides Police over Nigeria’s worsening insecurity
Acting Inspector-General of Police, Mohammed Adamu BY FRANCIS EZEM The House of Representatives, Nigeria’s lower legislative chamber has berated the nation’s Police Force over the worsening cases of insecurity across…
NIMASA partners Interpol to end maritime crimes
From left: Project Manager, Interpol, Christopher Hakobyan; Senior Project Manager, Global Outreach and Region Support of Interpol, Noha Amer; Director General of NIMASA, Dr. Dakuku Peterside; and Eleyatt Nehah of…
Boxship scrapping to rise ahead of IMO 2020- Drewry
More container ships are expected to be demolished ahead of IMO 2020 implementation date, but progress has been slow thus far, shipping consultancy Drewry said. Last week’s news that the…
Dangote Flour Mills board approves 99.90% equity acquisition by Olam
BY OUR REPORTERS Barring any last minute change in the scheme of things, the board of directors of Dangote Flour Mills Plc is currently concluding plans convene an Extra Ordinary…
U.S. oil exports to Asia to slow as Gulf Coast grades rise
The United States crude shipments to Asia are expected to slow over the coming weeks as the window to profitably send crude to that continent has repeatedly slammed shut over…
Why we can’t pay N132bn to Bi-Courtney-AMCON
MD, CEO, AMCON, Ahmed Kuru BY FRANCIS EZEM Asset Management Corporation of Nigeria AMCON, the public debt recovery agency of the Federal Government has foreclosed any possibility of paying N132…
Controversy trails Customs recruitment over multi-million consultancy contract
BY OUR REPORTER Controversy is trailing the ongoing 2019 recruitment exercise of the Nigeria Customs Service one week after its takeoff over the decision of the Comptroller General of the…
Global Ship Orders Fall to Lowest Level in 15 Years
Aerial view of Jurong Shipyard Ship orders world-wide have shrunk to the lowest level in 15 years as vessel owners struggle with excess capacity that has kept freight rates well…
