Nigeria Customs Service scanner centre impedes Apapa port rail extension project
Mike Ochonma
April 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 […]