Buhari Removes Peterside, Appoints Jamoh As NIMASA DG

President Muhammadu Buhari has approved the appointment of Bashir Jamoh as the Director-General of the Nigerian Maritime Administration and Safety Agency. According to The Cable, Jamoh replaces Dakuku Peterside who was appointed in 2016 to head the maritime agency. A source...

International Women’s Day: Peterside’s Strategy Lessons for Women And Successful Businesses

In management and in life, a picture always speaks a thousand words. A few months ago, a curious photograph surfaced online. It was posted by the veteran investment banker himself to celebrate the institution he built. In the past...

South Africa Enters Recession, Again Nigeria Emerges Africa’s Biggest Economy

Nigeria has overtaken South Africa as the biggest economy in Africa as the latter enters its second recession in two years. South Africa’s Gross Domestic Product shrank by 1.4 per cent in the fourth quarter of 2019, following a revised...

We’ll Keep Border Closure Agreement With Neighbours –Buhari

President Muhammadu Buhari has said Nigeria will keep any agreement it reaches with its neighbours on the reopening of the country’s shut land borders. A tripartite committee comprising Nigeria, Benin and Niger is currently working on how to resolve the...

Oil Prices Drop $5 Below 2020 Budget Benchmark

Global crude oil prices continued to contract on Thursday as countries across the world continue to record new cases of coronavirus. For Nigeria, this does not tell a good story as the country depends on crude oil for an estimated...

Economic Activities Growth Slow In February — CBN

Business activity, production level, new orders, supplier delivery time, employment level and raw materials inventories grew at a slower rate in February 2020. The Central Bank of Nigeria’ Statistics Department disclosed in its February 2020 Purchasing Managers’ Index Survey Report. It...

Petrol Landing Cost Crashes, FG May Save N450bn Subsidy

The expected open market price of Premium Motor Spirit, popularly known as petrol, has dropped below the approved pump price of N145 per litre as the landing cost of the product plunged to N123.88 per litre on Thursday. Going by...

British Ports Seeking Funds to Fight Coronavirus Spread

The British ports industry is requesting further support for port health authorities to prevent coronavirus spreading and impacting businesses. As the number of new confirmed cases of the Wuhan COVID-19 grows, particularly in mainland Europe, the British Ports Association (BPA)...

Shipping Lines May Lose $1.7bn To Coronavirus – Report

A Copenhagen-based analysis company, Sea-Intelligence, has predicted that international shipping lines may lose $1.7bn in revenue following the impact of coronavirus outbreak on the international shipping sector. The research agency also suggested that Maersk Line could face the worst revenue...

Gas Supply From Nigeria To Ghana Resumes

The West African Gas Pipeline Company Limited has said it is resuming its supply of natural gas from Nigeria to its customers in Republic of Benin, Togo and Ghana. WAPCo disclosed this while announcing the successful completion of the cleaning...