Manufacturers, importers, publishers groan as forex restriction takes toll on economy

Exchange (forex) policy introduced by the Central Bank of Nigeria (CBN) was making the business climate…

Amaechi, Fashola and the allegory of the cave

By Bolaji Akinola The agonizing fuel situation, vexatious Apapa gridlock, distressing slide in the value of…

The death of Nigeria’s textile industry

Nigerians love naturally dyed fabrics especially those with patterns and designs with many prints based on…

U.S. detains Liberian vessel for environmental violations

A Liberian-flagged freighter is being held in Duluth, Minnesota amid an ongoing investigation into alleged violations…

No slowdown for the cruise industry

The cruise industry shows no signs of slowing down, with nearly 24 million passengers expected to…

Greece sees sharp decline in foreign currency inflows from shipping

The impact of Greek shipping on a nation’s economy can be seen from data just produced…

Another vessel joins search for MH370

Fugro will be providing an additional vessel in the search for missing flight MH370 in the…

IMO cautions members against red tape

The International Maritime Organization (IMO) has adopted a resolution on better regulation at its assembly meeting in…

Lithuanian shipping company files for bankruptcy again

The General Director of PC Lithuanian Shipping Company Sigitas Dobilinskas applied to the District court of…

EFCC arraigns Akpobolokemi, 9 others for allegedly stealing N3.4bn from NIMASA

Confirming a report published exclusively by SHIPS & PORTS DAILY in its edition of Tuesday December 1, 2015; the Economic…

2 truck conductors docked over theft of containers worth N6.1m

Two truck conductors, Ikechukwu Ukoha and Charles Onyekaziri, were yesterday brought before an Igbosere Magistrates’ Court…

Clearing agent arrested for allegedly swindling client of N2.8m

A clearing agent has been arrested and charged before a Magistrates’ Court for allegedly diverting his…