A cargo scanner installed by Global Scansysystems Ltd and valued at over 5 million dollars (N750 million) has been under_utilised at the Calabar port, the Chief Executive Officer of the firm, Mr Fred Udechukwu has said.

THE Executive Secretary and Chief Executive officer of the Nigerian Shippers’ Council (NSC), Captain Adamu Biu. has blamed state governments’ lack of commitment for the delay in the commencement of Inland Container Depots (ICDs)

As a means of subverting the Cabotage Act meant to protect the nation’s coastal trade, foreign shipowners bringing in petroleum products into the country have resorted to anchoring outside the country’s waters to prevent enforcement of the law.

IFC, a member of the World Bank Group, on Monday signed a loan agreement for $100 million with Kosmos Energy, one of the key partners developing Ghana’s Jubilee field, an offshore oil and gas project that will help diversify Ghana’s economy and meet domestic power demand.

Truck operators in the maritime sector, have again cried out to the federal government to check the excesses of the Lagos Ports Access Roads Monitoring Unit (LAPARMU), alleging their extortionary tendencies would wind the economy if allowed to continue.

THE Minister/Deputy Chairman, National Planning Commission (NPC), Dr. Shamsuddeeen Usman has said that if Nigeria must achieve the set target of becoming one of the twenty world largest economies, there was the need for the country to be knowledge driven.

Driven by losses on the share prices of quoted companies in the Nigerian Capital market, Monday, the value of listed equities, represented by the market capitalisation dipped by N25.64 billion.

An expert in the Nigerian capital market, Mr. Tunde Adeyemi has lamented the not-too-impressive financial performances of insurance companies on the Nigerian Stock Exchange (NSE) over the years, blaming it on their high number of issued shares.

Effort of terminal operators to revive the already moribund Eastern ports with heavy financial investments are being frustrated by the Mallam Abdulsalam Mohammed led management of the Nigerian Ports Authority (NPA) which has refused to allocate tug boats to the ports in the region.

Intercontinental Distillers Limited (IDL) has announced its plans to expand the distribution of its products across the African market in the next couple of years.

Bello Maccido is a well known investment banker, a lawyer and administrator. He has over 25 years hands-on experience in the financial services sector. With his rich background in funds management, he moved into pensions industry with the enactment of the Pensions Act 2004.

Focus on markets and products with familiar risk parameters, concentration on core banking businesses and focus on basics of banking helped Standard Chartered Bank to escape the negative impact of the global financial crisis, says the bank’s Chief Executive Officer.

UK Financial Investments Limited (UKFI), which manages public stakes in two banks, said every household had more than £3,000 invested in Lloyds and RBS shares.

The examination report of the Central Bank of Nigeria (CBN) has indicted the management of Development Finance Institutions (DFIs), Primary Mortgage Institutions (PMIs), Microfinance Banks (MFBs) and Finance Houses of poor/deteriorating asset quality, weak corporate governance and lack of focus.

Sir Enoch Iwueze, chief executive officer, Air Sea Freighters Limited speaks on importance of participation in training programmes by indigenous operators in the Nigerian oil and gas industry. He spoke with Vanguard’s Yemie Adeoye during the Offshore Technology Conference, OTC in Houston, Texas, USA, recently.
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