Day: November 9, 2023

Maritime Workers to commence strike action November 14 over attack on NLC President

The Maritime Workers Union of Nigeria (MWUN) will commence a nationwide strike by midnight, Tuesday, November 14, 2023.

The nationwide strike is coming on the backdrop of the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) joint National Executive Council (NEC) meeting on Tuesday, November 7, 2023, directing its affiliate Unions to embark on immediate withdrawal of services and to shutting down Imo State by all public and private sectors workers indefinitely by midnight of November 7, 2023.… Read the rest

Customs, stakeholders to implement 48-hour cargo clearance to facilitate trade

The Nigeria Customs Service (NCS) and maritime stakeholders have brainstormed on how to implement a 48-hour cargo clearance process to facilitate trade in the nation’s Ports.

This was the thrust of discussion when the Comptroller-General of Customs, Adewale Adeniyi, convened a meeting with stakeholders to address the urgent need for the evacuation of overtime cargoes at the port.

The CGC engaged in productive discussions with terminal operators, truck owners, Licensed Customs Agents, and other essential stakeholders within the port environment.Read the rest

Investment in oil, gas falls 77% to $5bn in 7 yrs

Investment into the Nige ria’s oil and gas industry dropped by 77.3 per cent to $5 billion in 2021, from $22 billion in 2014, due mainly to increased divestment by the International Oil Companies, IoCs.

The drop in investment is further worsend by the inability of other companies, except a few independents to invest in the industry.

The Chairman and Chief Executive, AA Holdings Limited, Dr.

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