Business

Ports: 25 ships with petrol, food items expected — NPA

THE Nigerian Ports Authority (NPA), in its daily publication — ‘Shipping Position’ — said on Tuesday that it was expecting 25 ships to bring in petroleum products, food and other goods at Apapa and Tin Can Island Ports,

The document indicated that the vessels were scheduled to come in between Nov. 16 and Dec. 31.

The News Agency of Nigeria (NAN) reports that 17 of the vessels were expected with petroleum products.

Nine ships were bringing in general cargo/vehicles, buckwheat, steel pipes bulk sugar and containers carrying different goods.

Lagos automobile dealers protest sealing of businesses by Customs

AUTOMOBILE dealers under the aegis of Automobile Dealers Friends Association on Monday protested the sealing of their businesses by the Nigerian Customs Service (NCS) as a result of a crackdown on cars suspected to have been smuggled through the land borders.

The News Agency of Nigeria (NAN) reports that over 100 protesting members of the Association had from 10am walked from Awolowo Road Ikeja to the State House of Assembly.

Nigerian startups are beating odds, govt to survive

Entrepreneurs in Nigeria have an oft-repeated saying that is borrowed from New York: “If you can make it here, you can make it anywhere.”

The phrase captures the daily challenges that come with running a business in Africa’s largest economy. And since tech startups exist within the ecosystem, they face their share of difficulties too. A new survey of Nigerian tech firms offers a glimpse into the tough realities of running a tech startup in the country.

South African Airways cancels flights ahead of strike

South African Airways (SAA) said Wednesday it was cancelling all its flights as thousands of workers vowed to press ahead with an indefinite strike the following day, after the troubled national carrier announced a major retrenchment plan.

Around 3,000 workers, including cabin crew, check-in, ticket sales, technical and ground staff, are expected to take part in the open-ended strike starting Friday, their unions said.

Petrol stations on Nigeria's borders close after fuel delivery ban

Fuel stations along Nigeria's land borders have closed and prices have spiked after customs authorities banned deliveries of petroleum products to stations within 20 kilometres (12 miles) of the border in an attempt to curb smuggling.

Border communities have complained about the move however, prompting Nigeria's lower chamber of parliament on Tuesday to call on the customs service to lift the indefinite ban.

Ford electric vehicle chief sees more products, sales growth

So far, electric vehicles haven't been accepted in the United States, with fewer than 1.5% of new-vehicle buyers choosing them over internal combustion engines.

That surely will change as more manufacturers offer vehicles with longer range and fast-charging networks keep growing. Ford Motor Co., General Motors Co., Volkswagen AG, Tesla Inc. and others are placing big bets on the technology.

Oil will not save Nigeria, says Obi

.Urges Nigerians to embrace justice, hard work in his Eid-el Maulud message
By Valentine Amanze

Nigeria targets oil firms for a greater share of profits

In a move Nigeria's president hailed as a "landmark moment", Africa's largest oil producer approved legislation this week to bolster its share of revenues from international majors.

The authorities say the amendment -- heralded as the biggest change in decades to its production sharing deals -- will bring billions of dollars into state coffers as the country belatedly claims an "equitable share" of its vast natural resources.

Liberia gets third Central Bank governor in less than two years

Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Apple Podcast, Spotify or Pocket Cast.

Liberian President George Weah appointed the former head of the country’s electricity regulator to lead its central bank, advancing his plan to overhaul an institution beset by scandals.

Jolue Aloysius Tarlue will take over from interim appointee Musa Dukuly as executive governor of the Central Bank of Liberia, if confirmed by the senate, according to a statement from the Presidency on Friday.

OML 11: Rivers governor to protect interest of host communities

By Valentine Amanze

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