Category: News

EU calls for renewed efforts to battle resurgent piracy off Somali coast

IMB says global piracy on the decline

  The first nine months of this year saw fewer incidents of piracy and armed robbery against ships than the corresponding period of 2018, the International Maritime...

ENL Consortium defeats Dangote Ports in Maritime Cup match

ENL Consortium defeats Dangote Ports in Maritime Cup clash

  ENL Consortium, operators of Terminals C and D at the Lagos Port Complex Apapa, on Wednesday morning defeated Dangote Ports Operation 5-0 in their Group A match...

Fake travel agent docked for N265,000 visa fraud

Four truck drivers assault police officers in Apapa

  Four truck drivers were on Tuesday arraigned before an Apapa Magistrate’s Court for allegedly assaulting police officers with broken bottles in Apapa. The truck...

NGO records 19 deaths in South Asian shipbreaking yards 

NGO records 19 deaths in South Asian shipbreaking yards 

  The unsafe shipbreaking yards on South Asian beaches have claimed the lives of 19 workers so far this year, the NGO Shipbreaking Platform said in its quarterly...

Liberian Registry opens office in Japan 

Liberian Registry opens office in Japan 

  The Liberian Registry has established an office in Imabari, Japan, as part of the ship registry’s continued expansion of its presence in Asia. This is the fifth...

Port of Piraeus

Greece approves COSCO’s plan for Piraeus Port

  Greek Committee of Planning and Development of Ports (ESAL) has approved EUR 611.8 million (USD 673.3 million) worth of investments at the country’s Piraeus...

Morocco rescues 329 migrants in Mediterranean Sea

Morocco rescues 329 migrants in Mediterranean Sea

  The Moroccan navy said it rescued 329 Spain-bound migrants in the Mediterranean Sea from Oct. 10 to October 13. Official news agency MAP quoted a military source...

FG mulls increase in VAT, excise duties

Finance Minister defends border closure 

  The Minister of Finance, Budget and National Planning, Zainab Ahmed, says the nation will not be able to reach 80 per cent revenue performance for 2019, adding...

Inflation Market Lagos

Inflation hits 11.24% as food prices rise

  The consumer price index, that measures the rate at which the prices of goods and services in increase, stood at 11.24% in September. This is a 0.22 percentage...

IMF downgrades world growth, warns of ‘precarious’ 2020

IMF cuts 2019 global growth estimate to 3%

  The world economy is slowing to its weakest pace since the global financial crisis, amid continuing trade conflicts that have undercut business confidence and...

Federal High Court Abuja

Smuggling: Court freezes firms’ 45 bank accounts

  A Federal High Court on Monday in Abuja ordered the temporary freezing of 45 bank accounts belonging to three companies allegedly involved in smuggling of rice...

Stakeholders kick against 0.2% levy on imports from AU countries

FG to spend N450bn on fuel subsidy in 2020

  The Minister for Finance, Budget and National Planning, Mrs. Zainab Ahmed, says under-recovery of Premium Motor Spirit (PMS), popularly referred to as fuel...