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NPA Berths Largest Container Vessel At Lekki Deep Seaport
The Nigerian Ports Authority (NPA) on Sunday successfully berthed the largest container carrier ever at the Lekki Deep Seaport, thereby taking Nigeria’s trade facilitation a notch higher. The vessel, MAERSK EDIRNE, measuring 367m in overall length, has a breadth of 48.2m and carried a Gross Registered Tonnage GRT of 142,131metric tonnes and a Dead Weight […]
CBN Settles Additional $61.64Mn FX Forwards With Banks
In furtherance of its commitment to offset the backlog of pending matured foreign exchange (FX) in Deposit Money Banks (DMBs), the Central Bank of Nigeria (CBN) has disbursed approximately $61.64 million to foreign airlines through various banks. This initiative is part of the CBN’s efforts to decrease its remaining liability to the airlines. The latest […]
Ajaokuta Concession: FG To Complete Final $50Mn Payment In February
The Minister of Information and Culture, Mr. Lai Mohammed, has disclosed that the Federal Government has concluded arrangement to make final $50 million payment next month to finalize the concession of the $496 million Ajaokuta Steel Company. The minister, in a statement apparently issued to debunk comments recently made by Atiku Abubakar, the PDP presidential […]