Economy CBN grants monopoly of sugar importation to Flour Mills, Dangote, BUA The Central Bank of Nigeria (CBN) has restricted the importation of sugar to three companies due to their backward integration programmes. The companies ... By maritimemagJuly 18, 20210
Economy China reluctant to lend more money to Nigeria — believes country over-exposed Nigeria is seeking $1 billion so work can continue on a gas pipeline costing up to $2.8 billion ... By maritimemagJuly 18, 20210
Economy Nigeria’s inflation rate drops to 17.75 percent in June — as food prices continue to soar The consumer price index (CPI), which measures the rate of change in prices of goods and ... By maritimemagJuly 17, 20210
Economy AfDB fund raises total capital of $274 million since 2011 The African Development Bank (AfDB) fund has raised a cumulative total capital of 274 million US dollars since 2011, Dr Kevin Kariuki, Vice ... By maritimemagJuly 17, 20210
Economy AfCFTA: Group canvases trade facilitation, logistics reforms for female entrepreneurs Chinazor Megbolu The Organisation of Women in International Trade (OWIT) Nigeria, is canvassing for efficient trade facilitation and logistics reforms in a ... By maritimemagJuly 13, 20210
Economy Role of CBN in facilitation of Nigerian participation in AfCFTA for greater benefits The Federal Government approved the ratification of the African Continental Free Trade Area (AfCFTA) agreement in November 2020 and deposited the instrument of ... By maritimemagJuly 11, 20210
Economy AfCFTA: SON laments inadequate testing capacity —- as NASS vows to support bid to return to Port Segun Oladipupo The Standards Organisation of Nigeria (SON) has decried the country’s disadvantage in exporting goods due to inadequate capacity to test, monitor ... By maritimemagJuly 10, 20210
Economy Paucity of fund, huge service debt hit NIMET. Abiola Seun Stakeholders in the nation’s aviation sector have called on the federal government to commercialise the Nigerian Meteorological Agency (NIMET) over paucity ... By maritimemagJune 24, 20210
Economy Power equipment containers trapped at Lagos Port since 2019 Abiola Seun Scores of containers laden with equipment belonging to the Transmission Company of Nigeria (TCN) and Niger Delta Power Holding Company (NDPHC) have ... By maritimemagJune 23, 20210
Economy Immigration CG mulls more job opportunities for Nigerians over foreigners. Chinazor Megbolu The Comptroller-General, Nigeria Immigration Service (NIS), Mr. Muhammad Babandede, on Tuesday said the agency is going to create more job ... By maritimemagJune 23, 20210
Economy “You deserve National Award” NASS tells LADOL chairman. Segun Oladipupo The Senate Committee on Trade, Industry and Investment has said that Chairman of the Lagos Deep Offshore Logistics Base (LADOL), Mr ... By maritimemagJune 22, 20210
Economy WISTA Nigeria urges women to explore investment opportunities in AfCFTA By Otunba Bright The Women’s International Shipping and Trading Association (WISTA) Nigeria has urged women in the maritime Industry to explore investment opportunities ... By maritimemagJune 22, 20210
Economy Jamoh seeks removal of war risk insurance slammed on Nigerian-bound cargoes Amidst the falling piracy incidence in the Nigerian waters and the Gulf of Guinea since February when the Nigeria Maritime Administration and Safety ... By maritimemagJune 19, 20210
Economy Nigeria’s economy recovering from coronavirus pandemic—IMF The Nigerian economy has started gradual recovery from the negative effects of the COVID-19 global pandemic, the International Monetary Fund (IMF) has said. ... By maritimemagJune 18, 20210
Economy Nigeria’s renewed use of fuel subsidies worries IMF The International Monetary Fund(IMF) said on Thursday it was concerned by Nigeria’s move to renew fuel subsidies and urged the government to continue ... By maritimemagJune 18, 20210
Economy LCCI fears lack of cooperation among maritime agencies’ heads may rub Nigeria of gains of AfCFTA Segun Oladipupo The Director General, Lagos Chamber of Commerce and Industry (LCCI) Dr. Muda Yusuf has said that most of the problems that may ... By maritimemagJune 17, 20210
