War Risk Premium on Nigerian Shipments to Persist Despite Security Gains, Says NIMASA DG Despite notable improvements in maritime security across Nigeria, multinational shipping companies continue to impose a war risk premium on vessels visiting the country, a situation that has raised concerns within the Nigerian maritime sector. The Nigerian Maritime Administration and Safety Agency…
New Fintech Solutions Unveiled to Expand Financial Services for Kenyans. Kenyans are set to gain greater access to financial services following the launch of new fintech solutions by Experian MicroAnalytics. The platform, which utilizes Creditinfo’s scoring models and local market expertise, aims to provide innovative financial services to help businesses and individuals secure financing. Sammy…
Dangote Refinery Faces Another Delay as Marketers Await Petrol Delivery. There are strong indications that the Dangote Petroleum Refinery may not roll out petrol on Monday in line with its earlier schedule. The President, Dangote Group, Alhaji Aliko Dangote, had last month projected that the refinery would begin the production of petrol between August 10…
Oil Prices Drop Amid Easing Concerns of Broader Middle East Conflict Brent and U.S. crude oil prices fell on Tuesday as market anxiety over a broader conflict in the Middle East eased, with Iran yet to follow through on its threats to retaliate against Israel for the assassination of a Hamas official in Tehran. Brent…
NIMASA and Chatham House Collaborate to Address Gulf of Guinea Maritime Security at UN The Nigerian Maritime Administration and Safety Agency (NIMASA) has forged a significant partnership with Chatham House, London, to spotlight maritime security concerns in the Gulf of Guinea before the United Nations Security Council (UNSC) this month. This collaboration seeks to amplify…
Nigerian Shippers’ Council Partners with NRC to Enhance Cargo Evacuation and Reduce Costs. The Nigerian Shippers’ Council (NSC) has formalized a strategic partnership with the Nigerian Railway Corporation (NRC) through a Memorandum of Understanding (MoU) aimed at improving cargo evacuation from seaports to the hinterland, thereby reducing the cost of doing business in Nigeria. During…
Oil Prices Surge 3% on Positive Economic Data and Rate Cut Hopes Amid Rising Geopolitical Tensions Oil prices closed higher on Friday, capping off a week of gains exceeding 3.5% driven by encouraging economic data and growing anticipation of interest rate cuts by the Federal Reserve as early as September. These developments have eased concerns…
Government Unveils New Curriculum After 12 Years, Focuses on Technology and New Skills After a 12-year hiatus, the federal government has announced a comprehensive review of the curriculum for basic and senior secondary schools, aimed at addressing the current learning crisis in Nigeria and integrating modern technology into education. Speaking at the Nigerian Educational Research…
Nigeria’s Seaports at Risk of Congestion Due to Absence of Functional Rail System, Warns NSC Chief. Nigeria’s seaports are facing an imminent risk of severe congestion due to the lack of a functional rail system for evacuating cargo to the hinterland, according to Pius Akutah, Executive Secretary/CEO of the Nigerian Shippers’ Council (NSC). Speaking at…
EKEDC Advocates Safety, Urges Customers to Apply for Prepaid Meters. The Eko Electricity Distribution Company (EKEDC) has called on its unmetered customers to register for prepaid meters as a means to eliminate the challenges of estimated billing. Mrs. Rekhiat Momoh, the acting Chief Executive Officer of EKEDC, made this appeal during a Customer Engagement forum…
