LATEST ARTICLES

NPA Advances On Ports Concession Review, Hopeful On 2020 Delivery

The much-expected review of the ports concession agreements inches closer to a conclusion, as the Nigerian Ports Authority (NPA), receives the Ports Concession Assessment Framework (PCAF) Report from the World Bank. The concession agreements were signed 13 years ago. The...

Nigeria To Bar Imported Ships From 2022

The Federal Government has commenced the process of placing a ban on importation of certain categories of vessels into Nigeria by 2022 as part of efforts to encourage local participation in shipbuilding. The Director-General of Nigerian Maritime Administration and Safety...

Oil Firms May Stake $30 billion On Exploration This Year

Globally, about $25 billion to $30 billion will be spent on oil exploration activities although cost efficiency challenges may slip by as much as 15 per cent.The revelation contained in a forecast released yesterday, by a global research firm,...

Stakeholders Plan To Disburse $200m Cabotage Fund For Ship Owners

Stakeholders in the maritime industry converged on Lagos, yesterday, to determine the modalities for disbursing the $200 million Cabotage Vessel Financing Fund (CVFF), to local ship owners. Minister of Transportation, Rotimi Amaechi, told journalists after the meeting that stakeholders have...

CRFFN Plans Cargo Village, Tracking System

THE Council for the Regulation of Freight Forwarding in Nigeria has said it is planning to create a cargo village to improve freight forwarding in Nigeria. Deputy President of CRFFN, Alban Igwe, disclosed this during the council’s meeting with stakeholders...

Nigeria’s Debt Now N26.22tn- DMO

The Federal Government and the 36 states as well as the Federal Capital Territory owed a total N26.22tn as of September 30, 2019, the Debt Management Office disclosed on Friday. The amount indicated that the total public debt rose by...

Customs Generate N1.34tn, Surpasses Target By N403bn

The Nigeria Customs Service generated a total of N1.34tn revenue for the government in the 2019 fiscal year. The Public Relations Officer, NCS, Mr Joseph Attah, confirmed the figure in a statement issued in Abuja on Thursday. The N1.34tn revenue generated...

Poor Equipment, Visibility Stoke Safety Concern In Aviation Sector

Flight services across international and local operations are fast being marred by poor visibility and inadequate technology that impede safe operations at some of the airports nationwide. While local operators continue to battle flight delays over weather vicissitudes due to...

24 Vessels Stuck On Lagos Waters, Waiting To Berth

Just days into the New Year, the volume of vessels stuck on the Lagos waters is increasing, even as the port terminal reels under intense congestion. Currently, about 24 ships are waiting to berth at the Lagos...

Nigerians Consumed 18 Billion Litres of Petrol In 2019 – PPPRA

About 18 billion litres of petrol (PMS) was supplied in Nigeria for 2019, a report by the Petroleum Products Pricing Regulatory Agency (PPPRA) has said. The Executive Secretary of the agency, Abdulkadir Saidu, in the report, emphasised the need for...