African Export Import Bank (Afreximbank) has announced the disbursement of a US$150 million finance facility to First Bank of Nigeria Limited, Nigeria’s leading financial inclusion services provider. The funding was provided under Afreximbank’s Pandemic Trade Impact Mitigation Facility (PATIMFA). Afreximbank’s US$150 million financial support will be accessible to FirstBank customers that are involved in the manufacturing and importation of products …

Two unmanned aircraft system, nine interceptor patrol boats and 10 armoured vehicles have been added to the assets of the Nigerian Maritime Administration and Safety Agency (NIMASA) earlier procured by the Federal Government and commissioned by President Muhammadu Buhari. This is as NIMASA recently took delivery of additional mobile assets for enhanced maritime security under his deep blue project. While …

A real estate firm, The Address Homes has emphasised the urgent need for property firms to embrace the global shift towards the reduction of carbon emissions into the environment. This is in sync with an increasingly challenging and volatile ecosystem in which more than 60 percent of carbon emissions within cities typically come from buildings. Speaking at the sidelines of …

Agencies in the Federal Ministry of Transportation (FMoT) have reached an agreement to digitalise their internal processes, while also maintaining focus on actualising the National Single Window regime in the nation’s transportation sector. Briefing the media after the fourth Heads of Maritime Agencies meeting in Lagos, the Registrar of Council for the Regulation of Freight Forwarding in Nigeria (CRFFN), Barrister …

Lekoil Nigeria Limited has asked the court to punish Savannah Energy for contempt of court for proceeding with the Extraordinary General Meeting held on Thursday, 7th April 2022 despite an injunction issued by the court, and for encouraging the general public to discountenance the ‘BOUGHT’ court injunction. Chief Wole Olanipekun (SAN) appeared for Lekoil Nigeria Limited in the application filed …

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr Bashir Jamoh has identified the implementation of the International Ship and Port Facility Security Code (ISPS) as a major component of the security architecture NIMASA is implementing in the Nigerian maritime domain. While receiving the Deputy Head of the International Maritime Security Operations Team (IMSOT), Jim Hamilton …

The Nigerian Maritime Administration and Safety Agency (NIMASA) is committed to the domestication of her capacity development programme in order to save Nigeria’s scarce foreign exchange required to train young Nigerians abroad. While receiving the management team of Greg Ogbeifun Institute of Maritime Technology (GOMIT) on Wednesday, the Director General of NIMASA, Dr Bashir Jamoh said that NIMASA is working …

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Bashir Jamoh has restated the agency’s commitment to ensuring effective pollution prevention and control in the Nigerian maritime domain in order to continue to create an enabling environment for the sector to thrive. Addressing the seventh meeting of the National Standing Committee on International Oil Pollution Compensation …

Some financial experts have called on the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) to adopt a more realistic approach to its policy decisions. The MPC moved the benchmark interest to 13 per cent, 150 basis points above the previous rate three months ago. It is the first change since September 2020. Reading the communique of …

Nigeria’s Gross Domestic Product grew by 3.11 per cent in the first quarter of 2022 as the economy continues to show resilience in the face of weak global outlook. In its GDP report released on Monday, the National Bureau of Statistics stated that the figure shows the sixth consecutive quarter of positive growth. The first quarter 2022 growth rate represented …