Bidding Process For Benin Port Begins 

Bidding Process For Benin Port Begins 

The Federal Ministry of Transportation (FMOT) and the Nigerian Ports Authority (NPA) in collaboration with the Edo State Government, have called for bids for the development of the Benin Port (on an area of approximately 20 hectares) under a public-private...
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SNEPCo’s Bonga FPSO Hits 1b Barrel Milestone

SNEPCo’s Bonga FPSO Hits 1b Barrel Milestone

Nigeria’s first deep-water exploration and production vessel, Bonga, hit a one-billion-barrel oil export mark on Monday.  The Managing Director, Shell Nigeria Exploration and Production Company Ltd (SNEPCo), Mrs Elohor Aiboni, explained in a statement t...
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Ports & Cargo Launches Graduate Training Scheme

Ports & Cargo Launches Graduate Training Scheme

Ports & Cargo Handling Services Ltd. (PCHS), a subsidiary of SIFAX Group has inducted 25 young engineers into its newly-established Graduate Trainee Programme.  Managing Director, PCHS, Mr John Jenkins, in  a statement on Monday explained th...
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CIECOBON At Shippers’ Council, Harps On Nigerian Exports  

CIECOBON At Shippers’ Council, Harps On Nigerian Exports  

The Chartered Institute of Export and Commodity Brokers of Nigeria (CIECOBON) has urged the Federal Government through the Nigerian Shippers’ Council (NSC) to establish an export-specific port to further encourage exports.   The President/Council Chairm...
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Ministry Of Transportation Inaugurates N300.67m Projects At Seme Border  

Ministry Of Transportation Inaugurates N300.67m Projects At Seme Border  

The Federal Government on Friday inaugurated three projects executed by the Federal Ministry of Transportation worth N300.67 million at the Seme-Krake Joint Border Post, Lagos.      Inaugurating the projects, Prince Ademola Adegoroye, the Minist...
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NPA Photo News

NPA Photo News

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Maersk Explains $29.3b 2022 Profit, Assigns $11b For Integration, Decarbonization 

Maersk Explains $29.3b 2022 Profit, Assigns $11b For Integration, Decarbonization 

Foremost Container shipping heavyweight, A.P. Moller – Maersk has reported exceptional financial results for the year 2022.  Despite the abnormal market conditions caused by the COVID-19 pandemic, the company reported solid performance across all its bu...
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CBN Disburses  N1b To Banks In Edo  

CBN Disburses  N1b To Banks In Edo  

The Central Bank of Nigeria, CBN, on Tuesday, disclosed that over a billion naira has been disbursed to Edo State in a span of three days to cushion the hardship faced by customers in accessing redesigned naira notes.  Director, Risk...
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Korean Envoy Harps On African Continent’s Blue Economy Potentials 

Korean Envoy Harps On African Continent’s Blue Economy Potentials 

The Deputy Minister for Overseas Koreans and Consular Affairs, Republic of Korea, Choi Yeong has described Nigeria as the gateway to unlocking the potential of the African Continent’s Blue Economy.  Choi Yeong, who made the assertion during a courtesy cal...
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World’s Largest Containership Squeezes Through Suez Canal 

World’s Largest Containership Squeezes Through Suez Canal 

Evergreen’s giant 24,000 TEU containership, Ever Acme has transited the Suez Canal while on its maiden voyage from Malaysia to the Netherlands.  The ship is the newest addition to Evergreen’s A-type vessel series and can carry over 24,000 co...
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Six Die In Lagos Ship Accident

Six Die In Lagos Ship Accident

Contrary to earlier reports, six yet-to-be-identified persons were at the weekend confirmed dead after an accident in a vessel around Atlas Cove, Lagos State.  The deceased were said to have been working on the tanker of the vessel identified as...
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G7, EU Announce Price Cap On Russian Diesel 

G7, EU Announce Price Cap On Russian Diesel 

The Group of Seven (G7) industrialized countries, the European Union and Australia agreed to limit the price of Russian diesel on Friday.  The new price cap focuses on refined oil products, following up from a previous price cap on Russian...
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CNG Declares 2023 Multinational Maritime Exercise Successful 

CNG Declares 2023 Multinational Maritime Exercise Successful 

The Chief Of Naval Staff (CNS), Vice Adm. Awwal Gambo, on Friday said the 2023 multinational maritime exercise in the Gulf of Guinea, codenamed ‘Obangame Express’, was a huge success.  Gambo said this during the review of the exercise at...
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NPA Probes Ojuelegba Container Accident  

NPA Probes Ojuelegba Container Accident  

The Management of Nigerian Ports Authority (NPA) has commenced full scale investigation to ascertain the source of container linked to last Sunday accident that clamed nine lives.   NPA in a statement obtained by City Business News on Tuesday, commis...
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