Thursday, June 25

Business

NIMASA partners hydrographic agency on maritime safety

As part of efforts to advance maritime safety in Nigeria, the Nigerian Maritime Administration and Safety Agency said it will collaborate with the National Hydrographic Agency to explore avenues to enhance the use and patronage of locally developed nautical charts…

Nigeria handles 70% of regional cargo, says NPA

The Managing Director of the Nigerian Ports Authority, Dr Abubakar Dantsoho, has stated that Nigeria accounts for more than 70 per cent of all cargo arriving in the West and Central African sub-region. Dantsoho disclosed this on Wednesday in Lagos…

CBN approves conversion of Abbey Mortgage Bank to regional commercial bank

The Federal High Court in Abuja on Friday, issued an order permanently restraining a company, eNaira Payment Solutions Ltd, from parading itself as the registered proprietor of the trademark, “eNaira.” In his judgement, Judge James Omotosho also granted a counter-claim…

African maritime leaders converge to boost port efficiency

Maritime leaders, port authorities, shipping companies, logistics operators, and technology innovators across Africa are set to participate in the upcoming Global Aviation, Maritime and Mobility Access and Tech Summit 2026, a continental summit focused on transport integration, connectivity, and trade…

Eterna Plc appoints new managing director

Eterna Plc has announced a reshuffle of its leadership setup after appointing Jude Nwaulune as the Managing Director/Chief Executive Officer of the Company, effective from 14 May. The company also announced the retirement of Phoebean Ifeadi as Executive Director, Corporate…

W’Bank seeks bn private funding boost for Africa

The World Bank Group has unveiled an ambitious financial plan to mobilise about $23bn in private capital for Africa through a massive scaling up of its risk mitigation instruments over the next four years. According to a statement issued by…

ICE to Launch Oil Perpetual Futures With OKX

Intercontinental Exchange (ICE), the owner of the New York Stock Exchange (NYSE), is working with crypto exchange OKX to launch trading of oil-linked perpetual futures.OKX said Friday it plans to introduce perpetual futures based on ICE’s Brent crude and West…

Airtel Africa launches new share buyback programme

Wireless operator Airtel Africa kicked off a share repurchase programme on Friday, aiming to buy back up to 1 per cent of its issued share capital as part of plans to return cash to shareholders. The move is a major…

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