Local Telecoms Operators Risk losing $1bn Fibre Cable Market
The submarine cable system operators in Nigeria and the rest of Africa risk losing the region’s $1bn markets to foreign players if they failed to unite against the operations of the Over The Top (OTT) firms...
BPE Commends APM Terminal’s N126bn Investment in Nigeria
The Bureau of Public Enterprises (BPE) has expressed satisfaction with the level of compliance with the post-acquisition plan by APM Terminals and other terminal operators at the Lagos Port Complex, Apapa.
APM Terminals Apapa, which took over the...
Risk Concerns Push Airlines Insurance To N13bn Yearly
The cost of insurance in the Nigerian aviation sector has risen from N11 billion annually in 2017 to about N13 billion annually, figures released yesterday by the Airline Operators of Nigeria (AON) have shown.
According to the association,...
Nigeria, Others To Lose $240bn To Spike In Freight Charges
There are indications that the projected increase in bunker fuel oil may cause significant increase in freight charges, and Nigeria, among other countries, may lose about $240 billion to the varying cost.
This is against the...
Nigeria Loses N150bn Annually To Foreign Shipping Surcharges
The Nigerian economy is losing N150bn yearly to multiple surcharges slammed on Nigeria-bound cargoes by foreign shipping companies.
This was the result of a study released in Abuja on Monday, at a one-day sub-regional summit tagged, ‘Unfair Shipping...
Discos Expected To Repay N34bn CBN Loan This Year
Electricity distribution companies are expected to repay this year N34.05bn of the loan disbursed under the Central Bank of Nigeria-Nigeria Electricity Market Stabilisation Facility programme.
The Nigerian Electricity Regulatory Commission disclosed this in its 2016-2018 Minor Review...
