Disturbed by the negative impact the Central Bank of Nigeria (CBN) foreign exchange restriction is having…
Category: News
NAGAFF condemns exclusion of freight forwarding associations from IDPs committees
The National Association of Government Approved Freight Forwarders (NAGAFF) has condemned the non-inclusion of all freight…
Somali pirates earn new cash by acting as escorts to the fishing boats they once hijacked
Somali pirates who raked in millions of dollars in ship hijackings have developed a lucrative new…
Svitzer, unions shake hands on four-year industrial contract
Danish tug operator Svitzer Towage has reached an agreement with the three tug crew unions to operate under a…
DP World to invest $2bn in Russian ports
Dubai-based port group DP World has launched a joint venture with the Russian Direct Investment Fund…
Greek shipowners slam EU tax plans saying they could disrupt 20 years of growth
Greek shipowners have slammed the renewed European Union (EU) attack on shipping tax claiming Commission moves…
APM Terminals finalizes Cartagena JV
APM Terminals and Colombian-based port and terminal operating company, Compañia de Puertos Asociados S.A. (Compas S.A.)…
China denies drilling in disputed waters
China’s Foreign Ministry said on Wednesday that a $1-billion deepwater oil rig was not drilling in…
Iran-Venezuela oil tanker deal hit by sanctions snags
An agreement to build oil tankers in Iran for Venezuela has been left in limbo years…
Non-oil export revenue drops by $5.9bn in two years
Nigeria’s non-oil export earnings have come down by more than $5.9 billion, from $10.35 billion recorded…
Ex- Naval officer bags 4-year jail for aiding smuggling
A dismissed Naval officer was yesterday sentenced to four years in prison after pleading guilty to…
Fuel subsidy removal will save govt N985bn – Osinbajo
Vice President Yemi Osinbajo has said the Federal Government, which relies on crude oil for about…