Banks’ borrowings from the Standing Lending Facility (SLF) of the Central Bank of Nigeria (CBN) increased year-on-year  (YoY)  by 466 percent to N268.3 billion as at end of October 2023 from N47.35 billion as at October  2022 reflecting the increase in currency outside banks.

THERE are two categories of Federal Government (FG) pensioners today. The first category are those drawing pension under the old Defined Benefits Scheme (DBS). 

Ms. Amaka Okeke is the Executive Director, Business Development at Optiva Capital Partners Limited, a leading Investment Immigration Wealth Management Company. In an interactive session with Emeka Anaeto and other select Business Editors, she spoke about her firm’s commitment to support Nigerians get global access to trade and other endless opportunities.

Mr Gideon Etireri is a Fellow of The Institute of Chartered Accountants of Nigeria (ICAN); and a Fellow of the Chattered Institute of Taxation of Nigeria (FCTI).

The Nigerian economy has faced many challenges in the past several years with many players in the public private sector struggling to survive. However, a few have braved the odds, recording outstanding performance amidst tough operating environment. One of such institution is the Nigerian Ports Authority (NPA). Even at the quickest glance it is evident that a new paradigm of public resource management is governing the affairs of the Nigerian Ports Authority. The NPA whose operational excellence is pivotal to President Bola Ahmed Tinubu’s vision to unleash Nigeria’s marine and blue economy potentials for economic recovery and growth appears to have moved beyond rhetoric to value delivery.

THERE are indications that one  of the 13 truck parks approved by both the Lagos State and the Nigerian Ports Authority, NPA, is currently functioning, but others are unable to take off due to non-availability of lands upon which the parks could be constructed.

THE Nigerian Maritime Administration and Safety Agency, NIMASA, Monday warned of threats to the country’s transition to Blue Economy if the issue of Biofouling is not tackled by coastal countries across the world.

By Godwin Oritse Call-Up Technology and the Lagos Government has entered into a ten year concessionary agreement to provide efficient traffic management services for tankers and other articulated vehicles within the Lekki-Epe corridor. Speaking to Vanguard on the development, Managing Director of Callup Technology, Mr. Timi Koleolu said that the company is ready and set […]

Chambers of Commerce, Industry, Mines and Agriculture  (IKOMCCIMA),  Flora Nakim-difon, has said that trade between Nigeria and the West and Central Africa can be enhanced by the seaport in Calabar.

ndustry stakeholders have appealed to the Minister of Marine and Blue Economy, Senator Adegboyega Oyetola, not to go ahead with the purported plans aimed at seeking presidential approval that will allow seaport terminal operators take over the function of the scanning of cargo, noting that the idea is not only retrogressive but could cause major reverses in gains already made in the ports industry.

Following strong enforcement presence of officers and men of the Nigerian Customs Service, NCS, smugglers have shifted their operations to the waterways.

Fregene Omatseye George, Chief Executive Officer of Burston Marine and Security Services Limited, manufactures barges and other watercrafts for security institutions spoke with Godwin Oritse on the challenges facing his this sector of the maritime industry Excerpts

The Ports Standing Task Team, PSTT, has alleged that the security officials of the Nigerian Ports Authority, NPA, are benefiting from the gridlock along the Tin-can Island end of the Oshodi-Apapa expressway.

A former Executive Director of the Nigerian Shippers’ Council, NSC, Mrs Dabney Shahollma, has said that data from Nigerian institutions particularly in the maritime sector, are not verifiable.

The Nigeria Customs Service, NCS, has assured visiting Polish investors of it’s readiness to collaborate with foreign and domestic traders, stressing that it’s main priority is to take proactive measures to facilitate trade.