Category: Economy | NigeriaMaritime360.com

Import restrictions affecting global trade – Report

Abiola Seun | The World Trade Organisation (WTO) has indicated that import-restriction measures introduced by its member countries have continued to affect a growing share...

Ease of Doing Business reforms must be sustained – Osinbajo

Peter Olaniyi | The Buhari administration’s business reforms, through the Presidential Enabling Business Environment Council (PEBEC), is an opportunity to significantly boost local and...

AU adopts Blue Economy strategy to end foreign dominance in African maritime sector

Abiola Seun. |. In a move to tackle foreign domination of shipping business in Africa, the African Union (AU), has decided to adopt the Deep...

DPR gives strategic policy for Nigeria’s Oil sector survival at Post COVID –19

Peter Olaniyi Nigeria’s oil sector regulator, Department of Petroleum Resources (DPR) has released strategic plan and policy for the survival and success of the industry...

Nigeria’s foreign trade volume dips to N8.3tn

Chinazor Megbolu The country’s total foreign trade volume has decreased to N8.3 trillion the National Bureau of Statistics (NBS) has said. The report further stated...

AfDB : “independent investigation”, outside rules, laws, procedures & governance systems of bank – Obasanjo

Nigeria’s former President, Olusegun Obasanjo has questioned the insistence of US on “independent investigation”, saying “it is outside of the rules, laws, procedures and governance...

N-Power beneficiaries deny receiving April stipends

Contrary to the claim by the Minister for Humanitarian Affairs, Emergency and Social Development, Sadiya Farouq in a statement that the April stipends have...

Lagos to gradually open construction industry and heavy manufacturing companies first

Abiodun OBA Lagos State Governor, Mr Babajide Sanwo-Olu, said construction industry and heavy manufacturing companies with huge staff strength would be the first areas...

Amaechi Tasks New NPA Board On Trade Facilitation At Seaports

Abiola Seun Minister of Transportation, Rotimi Amaechi, has charged the newly inaugurated board members of the Nigeria Ports Authority (NPA) to improve on trade facilitation...

Global trade falls three per cent in Q1 as UNCTAD estimates decline of 27 per cent in Q2

Abiola Seun The coronavirus pandemic cut global trade values by three percent in the first quarter of this year, according to the latest United Nations...

FG to introduce new expenditure as FEC approves revised 2020 budget

Abiodun Oba The Federal Government is to introduce new expenditure not earlier budgeted for in the 2020 budget to adequately respond to #COVID-19 pandemic. This...

Ajaokuta Presidential Project and Implementation Team” (APPIT) to bring Steel Project back to life- FG

Abiodun OBA The Ajaokuta Presidential Project and Implementation Team” #APPIT, is meant to kick start the process of bringing the Steel Project back to life...

FG Orders NAQS to commence Agro-Export

Chinazor Megbolu The Federal Government of Nigeria has ordered the Nigeria Agricultural Quarantine Service (NAQS) to commence Agro-Export with immediate effect. In a statement on...

Nigeria Set to sell two LNG Cargoes … as traders seek clarity about Nigerian oil output

Chinazor Megbolu | The Nigeria Liquefied Natural Gas (NLNG) and Angola’s LNG project is set to sell three cargoes of liquefied natural gas in the...

Apapa Customs Rakes in N110.2billion

Abiola Seun | The Apapa Area Command of the Nigeria Customs Service (NCS) said it generated over N110.2 billion in the first quarter of 2020,...

Governors urge PMB to reform distribution of palliatives to forestall crisis

Nigerian governors have told President Muhammadu Buhari that the mode of distribution of palliatives to vulnerable Nigerians affected by the coronavirus impact must be reformed....