Rivers State has been shown the strategies to fly off with the recently introduced ‘blue economy’ and dig deep into the $1.5trn global value in the emerging sector.
The strategy was revealed by a foremost maritime investor and shipping magnet, Emi Membere-Otaji.
The Kalabari-born medical doctor and mega investor gave the hint at the one-day seminar organised by the Rivers State Command of the Nigerian Immigration Services on Blue Economy.… Read the rest
Boniface Aniebonam, founder of the National Association of Government Approved Freight Forwarders (NAGAFF), has said that terminal operators deserved to increase storage charges at the nation’s seaports given the impact of high energy cost and naira devaluation on their operational cost.
According to him, the removal of fuel subsidies by the Federal Government, the high cost of diesel, and the declining value of the naira have led to the high operating cost at the port, thereby necessitating an increase in charges.… Read the rest
The Delta State Government has opened talks with the Shell Petroleum Development Company, SPDC, on the return of the multinational oil conglomerate to Warri, which it fled, over 10 years ago, citing insecurity in the oil city.
Governor Sheriff Oborevwori, who sealed a N78 billion contract for three flyover bridges, cloverleaf, and road expansion projects in Warri and Effurun with construction giant, Julius Berger, last week, is behind the bold initiative.… Read the rest
In a recent development, fuel prices in Nigeria, particularly at filling stations operated by independent marketers, have surged beyond the official price bands approved by the Federal Government.
Premium Motor Spirit (PMS), commonly known as petrol, is now being sold at exorbitant rates, with some filling stations in the Northern region charging as high as N685 per liter.
This price hike follows the July increase in the pump price of petrol, which was raised from a range of N537 to N550 per litre to N617 per liter at filling stations run by the Nigerian National Petroleum Company Limited (NNPCL) in Abuja and several Northern states.… Read the rest