By ANIEBO NWAMU
The impact of covid-19 on international shipping has been harsh. And it is not likely to go away in the next two years, just as the dreaded pandemic won’t. In the face of dwindling revenues from oil,...
The Nigerian Shippers’ Council (NSC) has directed shipping
companies to suspend demurrage charges with effect from March 30, 2020.
A release issued by the management of the NSC and signed by its deputy director, public relations, Mrs Rakiya Zubairu, says suspension...
Up to 20 million
barrels of oil per day could come off the market in combined efforts
CAPE TOWN, South Africa, April 13, 2020 -- In a watershed moment for...
From July to
December, overall production cuts will lower to 8 million barrels per day,
followed by 6 million barrels per day from January 2021 to April 2022
CAPE TOWN, South...
Global coronavirus economy will cost the world $3 trillion
By ODILIM ENWEGBARA
Most of today's struggling economies will soon go into
recession. For those that don't, they will only be struggling to remain above
water.
In the case of Nigeria, if coronavirus is not...
By FRIDAY ENAPE/Truenews.ng
The Nigerian Shippers’ Council (NSC) and the Nigeria Customs Service (NCS) will work together for the introduction of a single-window platform that would enable all regulatory agencies at the ports to ensure compliance to procedures, reduce delays...
By EZEKIEL OLORIEGBE*
We have been
inundated with stories about how we need to borrow money for
infrastructure. The story is that the money will be used for 'critical' infrastructure.
Now we hear that part of the USD500m loan will be used to 'upgrade'...
Starting from Saturday, February 1, okada and keke napep were banned from plying major roads in Lagos State, according to the state government. Bayo Adeyinka, a banker, comments on the policy
Most policies in Nigeria are
reactionary -- they are...
By ODILIM
ENWEGBARA
Since
the closure of Nigeria’s land borders, there have been endless controversies
surrounding that policy that was long overdue. I was in shock to see many
Nigerians arguing that government should have, before the closure, developed
infrastructure and the country’s agriculture...
By ANIEBO NWAMU
2019 has been one of the best years
for both human and cargo transportation in the past 30 years. Only a few
accidents have been reported on air, at sea and on rails; and even the few
mishaps recorded hardly...