The naira is expected to appreciate further this week following the Central Bank of Nigeria’s approval of dollar sale to Bureau De Change operators. The CBN has given approvals to First Bank of Nigeria Limited and Travelex, a global foreign...

The Dangote Sugar Refinery Plc, a member of Dangote Group, has  said it plans to produce between 1.5 and 2 million metric tons of refined sugar annually from locally produced sugarcane. The Acting Group Managing Director, Mr. Abdullahi Sule, made the...

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has highlighted the importance of maximizing the benefits of Nigeria’s vast coastline to facilitate trade in the West African sub region. Dr. Peterside made this...

Nigeria and other member-states of the African Union have signed an African Charter on Maritime Security, Safety and Development in Lome, Togo where Vice President Yemi Osinbajo, says without securing the Seas and Oceans, the continental 'blue economy,' would...

The Senate Committee on Banking, Insurance and Other Financial Institutions has commended the Nigeria Deposit Insurance Corporation (NDIC) for its prompt and regular remittance of its operating surplus into the Consolidated Revenue Fund (CRF) in line with the provision...

The Federal Government of Nigeria has expressed its commitment to the implementation of the 1992 International Civil Liability Convention and the 1992 International Oil Pollution Compensation (IOPC) Fund. The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA),...