Two million containers stranded in Lagos ports

• Over N5 trillion cargoes waiting for evacuation • Vessels queue to berth in Apapa, TinCan No fewer than two million containers laden with various cargoes worth over N5 trillion are currently stranded at the Lagos port complex, due to the inability of importers to evacuate them. The Guardian’s investigations showed that many of the […]

Government approves new maritime security framework

PHOTO: Tonye Bakare Determined to fully combat the menace of sea pirates on Nigerian waters, the Federal Government has approved a new maritime security architectural framework aimed at streamlining working relationships among its agencies and the military. The Director General, Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside, disclosed this during the visit […]

Imports make us rich

Dr. Ogbonnaya Onu lamented that Nigeria had spent N49trn importing various things in 17 years. PHOTO: Financial Times Since the APC government came into office 2 years ago, hardly a day goes by without some government minister or official reprimanding the public about the evils of importing goods that can be produced locally. The Agric […]

More shipping firms to merge in 2017

Five top consolidations worth $33.4 billion Indications have emerged that more mergers and acquisitions of shipping companies would be sealed in 2017, just as the cost of operations keep soaring. Besides, growing level of merger of shipping firms showed that the worth of the container consolidation among the five majors currently estimated at $33.4 billion […]