Business

THE Minister of State for Petroleum Resources, Chief Timipre Sylva, on Tuesday, said the April 2023 completion date for the rehabilitation of the Port Harcourt refinery was feasible and that the plant would refine 60,000 barrels of crude by...

The Nigeria Economic Zones Association has expressed concern over the increased movement of oil tankers in the Lekki axis of Lagos State. The association spoke after Pinnacle Oil & Gas FZE commenced its operations in the zone. The Executive Secretary of...

The Nigerian Export Processing Zones Authority (NEPZA), says it is considering the opening up of Nigerian free zones space to blockchain tech and crypto currency operations. The Managing Director of NEPZA, Prof Adesoji Adesugba said this when two blockchain firms...

President Muhammadu Buhari will tomorrow inaugurate the Dangote Fertiliser plant as well as inspect ongoing construction works at the Lekki deep seaport. Both projects are located in Ibeju-Lekki, Lagos State. The Governor of Lagos State, Babajide Sanwo-Olu, ministers, captains...

The Lekki Deep Seaport in Lagos Free Trade Zone is going add about $360bn to Nigeria’s Gross Domestic Product within 45 years, the Federal Government announced on Sunday. The Minister of Transportation, Rotimi Amaechi, who announced this after inspecting the...

In keeping with the agenda of President Muhammadu Buhari’s administration to diversify the national economy and reduce dependence on oil exports, the Nigerian Ports Authority (NPA) on Friday flagged off the first non-oil export processing terminal, situated in Ibeshe-Ikorodu,...

Five months after the official launch of the e-Naira, findings by Shipping Position Daily have revealed that many stakeholders in the nation’s maritime industry are yet to be abreast of its potential. This is even as they called for...

The House of Representatives has summoned the Minister of Transportation, Rotimi Amaechi to explain the award of the USD195 million deep blue contract to a company named HLSI Security Systems and Technologies, which the Corporate Affairs Commission (CAC) said...

Global container line schedule reliability dropped to a new low in January this year according to analysts Sea-Intelligence. Any hope that this year would see an improvement in supply issues would appear to have been quickly dashed with container line...

After months of anxiety over the delayed elections, 15 registered freight forwarders on Wednesday emerged winners at the elections into the governing council of the Council for the Regulation of Freight Forwarding in Nigeria (CRFFN). The election took place across...