Eastern Ports Rehabilitation: FG awards Escravos Channel dredging, breakwater reconstruction
As part of efforts to revitalize the Eastern ports, the Federal Government, through the Nigerian Ports Authority (NPA), has awarded the contract for the reconstruction of the dilapidated Escravos Channel at Warri Port, Delta State. Confirming the development, Mr. Ikechukwu Oyenmakara, General Manager of Corporate and Strategic Communication at the Nigerian Ports Authority, stated that […]
Tariff crisis: Shipping firms move to shut down operations, job loss looms
The Nigerian Shippers’ Council approved the increase in shipping charges after a due process spanning over two years, culminating in final authorisation for carriers to implement the adjustment.
IWD:Energy firms charged on appointing women to top positions
By Sebastine Obasi The Chief Executive Officer of Falcon Corporation Limited, Audrey Joe-Ezigbo, has called on Nigeria’s energy industry to deepen its commitment to appointing women to top leadership positions, particularly across the gas value chain, as the sector commemorates International Women’s Day (IWD) 2026. Audrey made this call as part of the global celebration of […]
Shippers Council intervenes as freight forwarders picket firm over tariff hike
By Godwin Oritse The Executive Secretary/Chief Executive Officer of the Nigerian Shippers Council, Akutah Pius, has urged freight forwarders to adopt dialogue as a constructive approach to resolving disputes, cautioning against industrial actions that could disrupt the nation’s economy. He made the appeal in response to the picketing of the offices of Mediterranean Shipping Company, MSC, […]
Middle East: Nigeria records highest fuel price hike globally—REPORT
By Yinka Kolawole, With agency report Nigeria recorded the sharpest increase in the pump price of petrol worldwide at the backdrop of the war in the Middle East, an analysis of Global Petrol Prices has revealed. The breakdown according to TheCable shows that Nigeria recorded a 39.5 percent increase in pump prices between February 23 and March 16, […]
Nigeria’s Balance of Payment falls 38% to $4.23bn in 2025
…Crude oil exports decline 14.41% to $31.54bn…Foreign portfolio investments down 48.3% to $8.04…Current account surplus falls 26%By Babajide Komolafe, Economy Editor and Elizabeth Adegbesan Nigeria’s external sector faced significant headwinds in 2025, as the country’s overall Balance of Payments (BOP) surplus plummeted by 38.1 per cent to $4.23 billion, down from the $6.83 billion recorded […]
