Seven Incidents of Armed Robbery Against Ships Reported In July

  The Regional Cooperation Agreement on Combating Piracy and Armed Robbery against ships in Asia (ReCAAP) Information Sharing Centre (ISC) reported seven incidents of armed robbery against ships in the month of July, an upsurge from June when only one...

Dangote’s $12 Billion Refinery Unlikely To Start Production Until 2022

  The oil refinery being built in Lagos by Dangote Group is unlikely to start production until 2022, two years later than the target date. Reuters quoted sources with direct knowledge of the matter as saying this in a report on...

Government Should Encourage Investors To Build More Seaports- Stakeholders

  As a way of easing the cargo traffic and the gridlock at Apapa/Lagos ports, industry stakeholders have recommended that government of the day should as a matter of urgency, encourage investors to build more seaports. The stakeholders, who recently gathered...

Rotimi Amaechi Represents Africa At UN Road Safety Forum

Nigeria’s Minister of Transportation, Chibuike Rotimi Amaechi yesterday (Thursday) represented his nation and Africa at the inaugural meeting of the board at the UN Secretariat in Geneva, Switzerland. Amaechi was also recently appointed as an advisory board member of the...

Sea Pirates Attack On Crude Oil Tankers On The Rise

The upswing in crude oil prices in the global market may have triggered sharp rise in pirates’ attacks on crude oil tankers in the Gulf of Guinea. As at yesterday, Bonny light was $73, Brent crude was $72.50. This marks...

Acting President Intervenes In Total’s $16bn Egina Oilfield Dispute

... Arrives Lagos Friday   Acting President Yemi Osinbajo will be in Lagos (Friday) as part of his efforts to resolve the ongoing dispute threatening the ongoing integration of the $3.3 billion Floating Production Storage Offloading (FPSO) unit constructed for the...

FG Aims To Improve Nigeria’s Ease of Doing Business Ranking

  Olajumoke Omoniyi Oduwole, the senior special assistant to the president on industry, trade and investment, says Nigeria “must better its goal of achieving the top 100 by 2020” in the ease of doing business ranking. Oduwole is also the secretary of...

Investors Lose Over N85bn In Four Days At Stock Exchange

   Activities on the Nigerian Stock Exchange (NSE) ended awfully as stocks lost a total of N87 billion between Monday, August 6 and Thursday, August 9. Market capitalisation dropped to N13.22 trillion on Thursday; the last time it was in such...

Customs Abandon N20bn Worth of Cars As FG Revenue Dwindles

  As against the earlier assurance by the Comptroller General of the Nigeria Customs Service (NCS), Colonel Hameed Ali on his assumption of duty as head of the institution to upturn the federal governments revenue by auctioning seized and abandoned...

10 Ships Laden With Petrol, Others Arrive Lagos Ports

  Ten ships carrying various products are waiting to berth at Apapa and Tin-Can Island ports, the Nigerian Ports Authority (NPA) said on Thursday in Lagos. It said five of the vessels contained petrol, while the remaining five would berth with...