CMA CGM has placed temporary suspension on the collection of Terminal Handling Charges in Ghana. In a notice to customers, the Shipping Firm said: “ CMA CGM wishes to inform its customers that the collection of Terminal Handling Charges (THC),…
Customs arraigns two smugglers
The Nigeria Customs Service, Federal Operations Unit, (Zone A) on Tuesday arraigned two alleged smugglers before Magistrate Y.A. Aje-Afunwa of the Magistrate Court, Ikeja, Lagos State on nine (9) counts charge of smuggling prohibited items. According to the Public Relations…
IMF declares Nigeria Africa’s biggest economy
Despite ongoing economic challenges, the International Monetary Fund (IMF) has affirmed Nigeria as the biggest economy in Africa ahead of South Africa and Egypt. However, the IMF’s World Economic Outlook for October 2016, puts South Africa’s GDP at 280.36…
FG approves transaction adviser on rail concessioning
The Federal Executive Council (FEC) on Wednesday approved the appointment of transaction advisers to negotiate with General Electric (GE) on railline concessioning. Speaking at the end of the meeting presided over by President Muhammadu Buhari, Minister of Transport, Rotimi Amaechi,:“For…
FG approves N30 billion for mining
The Federal Executive Council (FEC) on Wednesday approved N30 billion intervention fund for mining exploration in the country. Addressing Journalists after the meeting presided over by President Muhamadu Buhari, the Minister of Mining and Steel Development, Kayode Fayemi, explained that the fund will…
MAN Photo News
L – R The Nigerian Stock Exchange (NSE) Executive Director, Market Operations and Technology, Mr. Ade BajomoVice President, Multinational, , Mr. Christos Giannopoulos, Director General, Manufacturer Association of Nigeria (MAN); Mr. Segun Ajayi-Kadir, Chief Executive Officer, NSE; Oscar N. Onyema,…
New Oba of Benin ascend throne today
A new Oba of Benin will ascend the royal throne of his fore fathers today, October 20, 2016. The Crown Prince of the kingdom, Prince Eheneden Erediauwa, will be crowned the 39th Oba of the Kingdom. Already, Prince…
ITTF Championships: Egypt dares Nigeria in Morocco
The defeat Egypt suffered against Nigeria in the final of the men’s team event of 2015 African Games is still fresh in the memory of Omar Assar and the Egyptian believes this year’s ITTF African Senior Championship would help to…
Critical role of capital market data delivery in economic development, by NSE boss
Capital Market data delivery play critical role in economic development, the Chief Executive of Nigerian Stock Exchange (NSE), Mr Oscar Onyema has said. In his key note address at NSE market data workshop on Tuesday in Lagos, Onyema said…
Conduct Census in 2018, Senate tells Buhari
The Senate on Tuesday passed a resolution urging President Muhammadu Buhari to issue a proclamation for the conduct of the National population and Housing census in 2018. The resolution was based on a motion sponsored by Senator Suleiman Othman…
BPE commiserates with Ibeh family over mother’s death
The Acting Director General of the Bureau of Public Enterprises (BPE), Dr. Vincent Onome Akpotaire has commiserated with a former Director of the Bureau, Sir Alwell Onyebuchi Ibeh on the death of his mother, Ezinne Mary Nduaka Ibeh who died…
ILO laments impact of extreme poverty on one billion people
The International Labour Organistion (ILO) has unveiled universal social protection partnership to help the poor and vulnerable groups. In his message to mark the International Day for the Eradication of Poverty, ILO’s Director General Guy Ryder explained that about…
APM Terminals Expands Partnerships on Vado Terminals
Dutch container terminal operator APM Terminals has partnered COSCO Shipping Ports and Qingdao Port International Development to operate the existing Vado Reefer Terminal and the new deep-water container terminal under construction in Vado, Italy, opening in 2018. The terminal operator finalized an agreement with China COSCO…
LCCI holds public-private dialogue on port efficiency, maritime sector roadmap
The Lagos Chamber of Commerce and Industry (LCCI), in collaboration with the Financial Derivatives Company, a renowned economic consultancy firm, is to hold a Public-Private Dialogue on Port Efficiency & Maritime Sector Roadmap in Nigeria. According to the organisers,…