REGIONAL
SAFETY
SHIPPING
TWO SHIPS COLLIDE IN DENMARK, EUROPE
Two Ships Collide in the Great Belt Straits of Denmark
Two ships were reported to have collided in the great belt strait in Denmark which...
NIMASA Place Ban on Seafarers Infected with Hepatitis
The Nigerian Maritime Administration and Safety Agency (NIMASA) has said that there is an increase in the number of Nigerians, especially the seafarers who...
INCREASED TURN OF OIL TANKERS INTO SCRAP IN 2018 WORRISOME
A Vessel being demolished into Scrap
One of the biggest sources of scrap metals in the world is from the maritime industry where unused, abandoned...
Maritime workers threaten shutdown at nation’s seaports
Apapa Bad Roads causes Heavy Traffic
The Maritime Workers Union of Nigeria (MWUN) has vowed to shut down the nation’s seaports over Federal Government’s failure...
NIMASA, IMO TECHNICAL COOPERATION CRITICAL TO NIGERIA’S ECONOMIC GROWTH
The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has stated that Nigeria will continue to seek continued...
DEEPWATER
SINGAPORE AUTHORITIES CAUTION SHIP CAPTAINS OVER EXCESSIVE SMOKE EMISSION AT PORTS
The Maritime & Port Authority of Singapore (MPA) has cautioned vessels in its maritime space over excessive smoke emissions at the port’s waters.
The authority...
NCC Gets New Director of Public Affairs
Henry Chukwudumeme Nkemadu has been appointed as the new director of public affairs at the Nigerian Communications Commission (NCC).
Nkemadu replaces Nnamdi Nwokike who took...
LATEST ARTICLES
CBN Retains Benchmark Lending Rate At 13.5%
The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday retained the Monetary Policy Rate at 13.5 per cent.
The CBN Governor, Mr Godwin Emefiele, announced the decision of the Committee at the end of its two-day meeting...
Oil Crash Forces Seplat, Shell To Cut Spending
A major Nigerian independent oil and gas firm, Seplat Petroleum Development Company Plc, is looking to cut costs by at least 30 per cent to counter a crash in crude prices, its Chief Financial Officer, Roger Brown, has said.
Royal...
Nigeria Slashes Crude Selling Prices To Woo Buyers
Nigeria has cut the official selling prices for its crude oil to record lows to clear a glut of unsold April-loading cargoes before releasing the May programme on Monday.
The country has had to grapple with an unprecedented excess of...
Petrol: Government Consults On Pump Price Reduction
The Federal Government has begun consultations with relevant stakeholders on a possible reduction of the pump price of petrol in the wake of the crash of crude oil prices globally.
The Minister of State, Petroleum Resources, Mr Timipre Sylva, disclosed...
Customs Promote 2,974 Officers
The Comptroller-General of Customs, Col. Hameed Ali (retd.), has approved the promotion of 2,974 junior officers to various ranks.
The promotion was confirmed in a statement issued on Friday by the Public Relations Officer of Customs, Mr Joseph Attah.
The statement...
Naira Improves As Dollar Sells For N380
The naira traded between N364 and N380 to a dollar on Friday at the Bureau De Change segment of the market, recording an improvement over its previous exchange rates earlier in the week.
On Thursday, the naira exchanged between N405...
No Plan For Naira Devaluation- Apex Bank
Despite a slump in the global economy as a result of the negative impact of the coronavirus pandemic, the Central bank of Nigeria (CBN) on Thursday insisted the time was not ripe for the call for the devaluation of...
Enugu Airport To Be Reopened Before Easter- Minister
The Akanu Ibiam International Airport, Enugu, which was closed in August 2019 for rehabilitation work, will be reopened for use before Easter 2020, the Minister of Aviation, Senator Hadi Sirika, has said.
Sirika gave the commitment after an inspection visit...
Shake-up As NNPC Asks 40 GGMs, GMs To Leave
The management of the Nigerian National Petroleum Corporation has retired about 40 group general managers and general managers at the oil firm.
It was gathered on Thursday in Abuja that the affected GGMs and GMs were asked to leave the...
Crashing Oil Price, Reason To Diversify Economy – Buhari
President Muhammadu Buhari has said that the sudden crash in crude oil price by 45 per cent heightens the need for Nigeria to promote growth in other sectors of its economy.
Buhari stated that the development, occasioned by the outbreak...
MOST COMMENTED
The Future Projections For The Maritime Industry In Nigeria
The maritime sector is often seen as a catalyst for commerce, economic growth and nation-building, because of its link to imports and exports.
This makes...
