Union DICON Salt Plc, is to sell 51 per cent of its shareholding to a prospective core investor.This was disclosed by the Chairman of the company and former Minister of Defence, Lt Gen. Theophilus Danjuma. Danjuma who spoke at an extra- Ordinary General Meeting of the company at Command Guest House, Kaduna lamented the sorry state of affairs in Union DICON which he attributed to mismanagement by the former foreign technical partners.

The Organisation for Economic Cooperation and Development says the world economy is near the bottom of the worst recession in post-war history. The body that represents the 30 most industrialised nations said that those economies would shrink 4.1 per cent this year. But it adds that recovery is likely to be “weak and fragile” for some time.

“We know South Africa will deliver on his expectations… and more’ Roshene Singh, CMO at South African Tourism
ROBERT Crozier, a New Zealand national arrives in South Africa in early September to take up his prize as winner of the South African Tourism, BBC World ‘Journeys’ global marketing campaign.

Doha_based national carrier, Qatar Airways, has signed a firm contract for 24 Airbus A320 Family aircraft. The agreement includes the firming up of a contract for four A321 aircraft announced at the Farnborough Air show in July 2008.

For the only surviving three local carpets and rugs manufacturers not to go the way of Michelin and Dunlop, there’s need to protect the industry from collapse, reports Franklin Alli

The declining fortune of quoted companies continued Tuesday, as the value of listed equities on the Nigerian Stock Exchange (NSE) plunged further by N163.38 billion.

Despite payment of N226 million duty on its N800 million worth of iron rod consignment by B/ Bird Capital with loan facility, the goods are still trapped at the Josephdon terminal in Tin-Can Island port for over four weeks after obtaining all relevant clearing documents.

A maritime expert and former Inspector of Ships of the federation, Engr. Soji Akinsoji, has called on the management of the Nigerian Maritime Administration and Safety Agency (NIMASA) to include specification for ships operating in the nation’s inland waterways as a means of ensuring effective management and control of waste generated in the area.

Bonded terminals operators in the country have blamed terminal operators, popularly called “concessionaires” for non patronage of their off-dock warehouses.

A group under the aegis of National Council of Managing Director of Licensed Customs Agents (NCMDLCA) has faulted calls by operators for agencies in the maritime industry to transform into a commercial regulatory body, stressing that this is the need for an independent outfit for efficient control of the sector.

Minister of Transport, Alhaji Ibrahim Bio has said that the ministry would soon put in place a development plan for both the Nigerian Ports Authority (NPA) and the Nigeria Maritime Administration and Safety Agency (NIMASA)

APM Terminals Apapa Limited, operator of the Container Terminal in Apapa, Lagos has set another safety record: the company’s operation now boasts of more than two hundred days without a lost_time injury among its over 800 employees.

The directive by the Federal Government to the management of the Nigerian Ports Authority, NPA, and Nigeria Maritime Administration and Safety Agency, NIMASA, to contribute N1 billion each for the dredging of the River Niger has been faulted by the leadership of the National Council of Managing Directors of Licensed Customs Agents, NCMDLCA.

By Godfrey Bivbere Management of Sepid Agencies Ltd.,   managers of IKT has distanced itself from recent reports of missing 150 containers at the Ikorodu Lighter Terminal, ILT, stressing that they have done everything by the book since assuming management of the terminal. Managing Director of Sepid, Prince Sakiru Adetona at a forum in Lagos, told […]

THE payment of the enhanced salary package (monetisation) to workers of the Nigerian Ports Authority, NPA which began in July last year, has pitched management against staff of the authority as staffers are calling for the payment of arrears of the monetisation policy.