ACCI hinges solution to Apapa ports gridlock on electronic call-up system  

ACCI hinges solution to Apapa ports gridlock on electronic call-up system  

The Abuja Chamber of Commerce and Industry (ACCI) has yet again maintained its stance on the implementation of electronic call-up system as one of the most effective measures towards curbing the incessant gridlock in the port town of Apapa, located in Nigeria’s financial and commercial capital, Lagos State, resolving that the Nigerian Port Authority should […]

Ford, Chevrolet to cut productions by 370,000 on global microchip shortage

Ford, Chevrolet to cut productions by 370,000 on global microchip shortage

As carmakers across the globe struggle to meet the rising demand for cars, recent data by BuyShares show that the United States car brands, Ford and Chevrolet, have taken the worst hit from a global microchip shortage, with almost 370,000 vehicles taken out of production as of May 2021. The critical situation of microchip shortage […]

Nigeria’s VP blames piracy, insecurity for $26bn loss in maritime sector

Nigeria’s VP blames piracy, insecurity for $26bn loss in maritime sector

Nigeria loses an estimated $26.3 billion annually in the maritime industry to piracy, sea robbery, among other forms of maritime crimes. This has, to an extent, escalated risks for maritime workers and led to a rise in insurance premiums, making maritime trade an unattractive proposition for Nigerians.   Yemi Osinbajo, Nigeria’s vice president, made the […]