We Refunded N1.2bn to Depositors of Liquidated MfBs - NDIC   The Nigeria Deposit Insurance Corporation (NDIC) has said it has refunded more depositors of microfinance banks whose licences were recently revoked by the Central Bank of Nigeria. It said currently, it had refunded N1.2bn to about...

Shippers Council, NICON Move To Curb N670m Loss To Container Deposit       The Nigerian Shippers Council, NSC, and the National Insurance Company of Nigeria, NICON, have finalised measures to curb the loss of about N670 million suffered by shippers in the country over failure to return...

Infrastructure Deficit Responsible For High Cost Of Doing Business In Ports - Bello         The Executive Secretary Nigeria Shippers Council (NSC), Hassan Bello, has blamed the high cost of doing business in the country on failure of Infrastructure Speaking during a routine visit to some shipping companies...

Shipping Can Contribute 5% To GDP Yearly – Jamoh       Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Bashir Jamoh, has said that a developed shipping industry has potential to contribute about five percent to the nation’s economy. Jamoh disclosed this in Lagos when he...

80% Containers Arriving Nigeria Return Empty – Shippers Council       Out of every 10 containers that come into Nigeria laden with imports, only about two or three leave the country with exports, the Nigerian Shippers Council said on Thursday. In order to address this, the council agreed...

Nigerian Importers Groan Under Surcharges Levied On Cargo   Importers have decried the huge surcharge imposed on them by the international shipping firms on cargoes imported from across the world. According to the importers, these surcharges have heightened the cost of doing business in Nigerian ports, on...