The Nigerian Maritime Administration and Safety Agency (NIMASA) has hinted of its plans to immediately flag-off of an intensive wreck removal exercise in Nigerian waters as part of its statutory responsibility of making the waterways business-friendly and environmentally clean. The agency’s Director General, Dr. Bashir Jamoh, made this disclosure during a ministerial retreat organised by […]
Analysts at Russell Group’s ALPS Marine platform have projected that the partial closure of China’s port of Ningbo may threaten $172 billion worth of global trade and the export of $39.2 billion worth of Integrated Circuit Boards (ICBs). According to the Freightos Baltic global container freight index, already the cost of shipping from China and […]
The United States’ cumulative insured property losses last year have been estimated to be over $68 billion in 2020, as 19 catastrophe events with each leading to more than $1 billion in claims hit the country during the year. A news report by artemis.bm, a research firm specialising in catastrophe bonds, insurance linked securities, reinsurance […]
Lagos State Government on Monday disclosed that it secured $629 million loan to part-fund the Lekki Deep Sea Port Enterprise Limited project. The Commissioner for Commerce, Industry, and Cooperatives, Dr. Lola Akande, gave this hint during the year 2021 ministerial press briefing to mark Gov. Babajide Sanwo-Olu’s second year in office. According to her, the […]
The minority caucus of the House of Representatives on Monday has called on the Federal Government to immediately commence full investigation of an alleged misappropriation of over N165 billion of operating surplus and the diversion of billions of Naira by the suspended Managing Director of Nigeria Ports Authority (NPA), Hadiza Bala Usman, and her top […]
The Minister of Transportation, Rotimi Amaechi, has set up an 11-man investigative panel to probe alleged misappropriation of over N165 billion by the suspended Hadiza Bala-Usman-led management of the Nigerian Ports Authority (NPA). Bala-Usman was suspended by President Muhammadu Buhari last Friday following allegations of non-remittance of N165 billion surplus revenue to the coffers of […]
The National Bureau of Statistics (NBS) on Tuesday signed Memorandum of Understanding (MoU) with the Nigerian Ports Authority (NPA) as part of its collaborative initiatives with stakeholders in the nation’s political economy to enhance the nation’s statistical system. In his remarks during the pact with the NPA, the Statistician General of the Federation, Dr. Yemi […]
The Nigerian Maritime Administration and Safety Agency (NIMASA) has concluded arrangements to take delivery of an aircraft for the commencement of the Deep Blue Sea project slated for launch at the end of May this year. The agency’s Director-General, Bashir Jamoh, disclosed this in Lagos when the Executive Secretary of the Nigerian Shippers Council (NSC) […]
The Lagos Chamber of Commerce and Industry (LCCI) on Sunday canvassed the need for the Federal Government to create an independent dispute resolution framework to manage conflicts between the Nigeria Customs Service (NCS) and the business community. The Director-General of LCCI, Dr Muda Yusuf, in a statement maintained that the presidential intervention had become inevitable, […]
The Nigerian Shippers’ Council (NSC), Nigerian Ports Authority (NPA), Nigeria Customs Service (NCS), Nigerian Immigration Service (NIS), the Department of State Security Service (DSS)and other relevant agencies on Thursday harped on the need for collaboration on boarding, inspection of vessels calling at Nigeria seaports. This proposal was among the key considerations during the agencies’ meeting […]