Sunday, March 7, 2021
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Bill Gates joins push for global nuclear-powered shipping

One of the richest men in the world, Bill Gates, has turned his attention to getting ships powered by nuclear energy. The Microsoft co-founder who turned 65 last week, is also the Chairman of TerraPower, a nuclear tech company that...

Massive job losses loom in the Maritime industry due to Covid-19

Workers in the maritime industry in Nigeria and the world over have been sweating it out over fear of a massive loss of jobs in the industry following the outbreak of the Covid-19 pandemic. This fear, according to industry watchers,...

Dangote Cement To Buy Back 1.7bn Shares From Shareholders

Dangote Cement says it has plans to buy back 10% of its issued shares. In a notice filed on the Nigerian Stock Exchange, the company said the programme will cover 1.7 billion shares out of its total 17.04 billion ordinary...

Non-Passage of PIB Hurting Economy

THE Minister of State for Petroleum Resources, Timipre Sylva, lamented on Monday that the non- passage of the Petroleum Industry Bill ( PIB) since 2007 for required regulation of the oil Industry was seriously affecting the growth and development...

Tax ID Number To Be Obtained Online

The Joint Tax Board (JTB) has launched a new national registration system that would enable Nigerians to obtain their taxpayer identification number (TIN) online. The new system launched in Abuja on Monday is also targeted at tracking all eligible...

Nigeria’s External Reserves Drop Below $47billion

Nigeria’s external reserves suffered a major hitch this week as the Central Bank of Nigeria (CBN) data shows the country’s external reserve position was $46.8 billion as at August 6th, 2018. The nation's external reserves grew to a year...

NPA Seeks Collaborations To Improve Inter Modal Freight Transport

Managing Director, Nigerian Ports Authority (NPA) Hadiza Bala Usman has said that a lot still needs to be done particularly in synergising efforts and fine-tuning grey areas in order to ensure continuous improvement in the nation’s inter modal freight...

FWN RAPIDE CREW MEMBERS RELEASED BY PIRATES OFF NIGERIAN COAST

The FWN Rapide Ship 11 crew members of the Dutch sip FWN RAPIDE who were kidnapped by pirates on the 21st of April as the ship was nearing Port Harcourt has been released by their captors and are all said...

NIGERIAN NAVY FOSTERS CIVIC- MILITARY RELATIONSHIP IN RIVERS STATE

NNS PATHFINDER History was made in Rivers state as the Nigerian Navy uses sports for the first time to unite and bond with her host communities. The Navy through the Nigerian ship NNS Pathfinder over the week inaugurated football and...

UK Port Takes Delivery Of First Two Remote Control Ship-To-Shore Gantry Cranes

The Port of Felixstowe has taken delivery of its first two remote control ship-to-shore gantry cranes. The two new cranes, the 32nd and 33rd at the UK’s largest container port, were delivered on the Zhen Hua 23 from ZPMC in...

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Nigeria to deliver 5GW of electricity by 2022 – NNPC

The Nigerian National Petroleum Corporation (NNPC), has said that it will deliver about 5GW or 5,000 megawatts power by 2022 with the kick-off of...

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