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      Investors earn N88bn as buying interest in MTN, Zenith, GTBank buoyed positive performance in the equities market

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      Flipping “NAIRACOIN”: The legal side of Cryptocurrencies

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Transport Business

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Nigeria Customs Service scanner centre impedes Apapa port rail extension project

Mike OchonmaApril 19, 2021

MIKE OCHONMA Business Editor After many months of dashed hopes, despite assurances of targeted completion time of the rail tracks extension into Apapa port complex, Nigerians may have to wait longer than expected until some of the obstructions such as the old scanner equipment belonging to the Nigeria Customs Service is demolished to pave way […]

Suez Canal blockage crisis: Egypt opens initial litigation, claiming $916m costs

BEN EGUZOZIEApril 16, 2021

  …Maritime experts expect potentially complicated, lengthy litigation     Ben Eguzozie, in Port Harcourt     As earlier reported by Business A.M. on March 30 that various parties (cargo owners and their representatives, Ever Given vessel, Suez Canal operators, among others) would be up for a potentially complicated and lengthy international litigation, to recoup costs […]

FG flags-off rail freight haulage from Warri to Itakpe

Mike OchonmaApril 16, 2021

MIKE OCHONMA Business Editor In Warri Nigeria’s minister of transportation, Chibuike Rotimi Amaechi, has said that the newly flagged off movement of freight services on  the Warri-Itakpe standards gauge railway line would  promote the ease of doing business and also create more jobs in the country. In September 2020, President Muhammadu Buhari virtually commissioned the […]

BA offer deals to suit travelers on Lagos, Abuja to London Heathrow

Mike OchonmaApril 13, 2021

Mike Ochonma Business Editor British Airways (BA) has launched offers on its flights from Abuja and Lagos to London Heathrow on its fights starting from $701. It must be booked by May 4 2021. The airline has deals to suit everyone  with seats available in World Traveller (economy) priced at $701 from Abuja and $746 […]

N10bn Covid-19 Bailout To Nigeria’s Transport Industry shrouded in controversy 

Mike OchonmaApril 5, 2021

Mike Ochonma There are very strong indications that, the N10bn Covid-19 bailout as intervention fund to operators in the Nigeria’s auto industry which is expected to rescue ailing companies and firms to reposition the sector seems to be shrouded in controversy. From findings by the Nigeria Auto Journalists Association (NAJA), it was gathered that the […]

Calabar Port comes alive with first export of cocoa to US, in 30 years

Ben Eguzozie in Port HarcourtApril 2, 2021

Ben Eguzozie, in Port Harcourt   Calabar Port, one of the seven that make up the much-idled Eastern Ports, came alive for the first time in over 30 years in export of goods. The port sent out its first consignment of 7,000 metric tonnes of cocoa to the U.S.   The Eastern Ports are: Port […]

Suez Canal: With ship now freed, maritime experts, insurers question what went wrong

Ben Eguzozie in Port HarcourtMarch 30, 2021

  …Litigation to recoup costs could take years …Lesson to more expertise in maritime industry – Nigerian professional     Ben Eguzozie, in Port Harcourt   As lines of ships began sailing again through the Suez Canal on Tuesday, the artery linking Africa with the Mediterranean and Red Seas, reports said at least 367 vessels […]

Eastern rail corridor: Umuahia Chamber of Commerce commends FG

Ben Eguzozie in Port HarcourtMarch 24, 2021

…But said would only be sure if work commences, completes   Ben Eguzozie, in Port Harcourt   The Umuahia Chamber of Commerce, Industry, Mines and Agriculture (UCCIMA), one of the city chambers in Nigeria’s South-East region, has lauded the Nigerian president, Muhammadu Buhari for awarding the contract for the reconstruction of the Eastern rail corridor, […]

NSC issues deadline, sanction threats to unregistered service providers

Onome AmugeMarch 22, 2021

Onome Amuge The Nigerian Shippers’ Council (NSC) has issued a one-month registration ultimatum to regulated service providers in the maritime industry to avoid facing sanctions including; delisting, sealing off business premises amongst other disciplinary actions. Hassan Bello, the Executive Secretary/Chief Executive Officer of the port economic regulatory agency, gave the notification during the recent sensitisation […]

Breakdowns: Lagos FRSC begins free vehicles safety check in the metropolis

Mike OchonmaMarch 17, 2021

 Mike Ochonma   The Federal Road Safety Corps, Lagos sector command has concluded arrangements to carry out free safety checks on all vehicles within the state. The Sector Commander, Corps Commander Olusegun Ogungbemide said all commands within the state would commence the 4-days free exercise from March 18 to assist motorists in detecting faults in […]

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  • New report on COVID-19 impact on African trade finance shows massive capital outflows to $5bn in Q1 2020
  • Investors earn N88bn as buying interest in MTN, Zenith, GTBank buoyed positive performance in the equities market
  • Smartphone giant TECNO Mobile launches Spark 7P for Gen Z with exciting features
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  • Nigeria Customs generates N466.1bn revenues in 3 months; seize contrabands of about N2bn

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New report on COVID-19 impact on African trade finance shows massive capital outflows to $5bn in Q1 2020

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IMF says sub-Saharan African will need additional funding of $245bn to remain afloat during the pandemic

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Greenpeace Africa reacts to East Africa crude oil pipeline deal

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European Central Bank could launch its digital currency within 4 years, says Christine Lagarde

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World leaders call for expansion of debt suspension to enable low-income countries achieve sustainable economic recovery

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Oil giant Shell loses oil spill case to 4 Nigerian farmers in Netherlands

Frontpage January 29, 2021

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April slump worsens investors’ loss to N2.65tr

Frontpage May 2, 2019

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CBN prescribes N5bn minimum capital base for payment service banks

Finance September 1, 2020

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Stanbic IBTC Nigeria’s PMI two notches up CBN’s at 58.8 points, confirms improved business conditions

Frontpage April 6, 2018

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CBN to auction N58.5bn Treasury bills this week

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