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Maersk suspends peak season surcharge after protest by Shippers’ council

    Maersk suspends peak season surcharge after protest by Shippers’ council

Maersk, an international shipping line, has directed its commercial department in Nigeria to stop applying the peak season surcharge (PSS) from Tuesday, September 1, 2020.  The directive was issued in

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Adesina sworn in for second term as AfDB president

    Adesina sworn in for second term as AfDB president

Akinwumi Ayodeji Adesina has been sworn in for a second term in office as the president of the African Development Bank (AfDB). Adesina was sworn in on Tuesday at the

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Is Nigeria heading for a technical recession?

    Is Nigeria heading for a technical recession?

Nigeria’s monetary and fiscal policymakers face enormous challenges as the country confronts a looming technical recession just three years after the last downturn in 2017. The COVID-19 pandemic circumstances have

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Four banks delay filing of half-year results at NSE over CBN approval

    Four banks delay filing of half-year results at NSE over CBN approval

Four deposit money banks say they were unable to file their audited half-year financial statements at the Nigerian Stock Exchange (NSE) before the deadline due to outstanding regulatory approvals. The

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‘N4 for the poor’ — DisCos begin new service-based electricity tariff

    ‘N4 for the poor’ — DisCos begin new service-based electricity tariff

The electricity distribution companies (DisCos) in the country have begun the implementation of the new electricity tariff. TheCable had reported

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CBN reduces interest rates on savings deposit from 3.9% to 1.25%

    CBN reduces interest rates on savings deposit from 3.9% to 1.25%

The minimum interest payable on savings deposited in banks across the country will be at least 10 percent per annum

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Naira strengthens against dollar ahead of CBN FX sales to BDCs

    Naira strengthens against dollar ahead of CBN FX sales to BDCs

The naira has strengthened at the parallel market to N448 against the dollar after the Central Bank of Nigeria (CBN)

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Buhari transfers NIMC to ministry of communications and digital economy

    Buhari transfers NIMC to ministry of communications and digital economy

President Muhammadu Buhari has approved the transfer of the National Identity Management Commission (NIMC) to the federal ministry of communications

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CAC endorses NIPOST as one of its official couriers

    CAC endorses NIPOST as one of its official couriers

The Corporate Affairs Commission (CAC) has endorsed the Nigerian Postal Service (NIPOST) as one of its official couriers. In a

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FG’s foreign debt is $27.6bn NOT $76bn, DMO replies Falana

    FG’s foreign debt is $27.6bn NOT $76bn, DMO replies Falana

The Debt Management Office (DMO) says Nigeria’s outstanding external debt is $27.6 billion. In a freedom of information (FoI) request

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