#EndSARS: Freight Forwarders Reject Demurrage From Shipping Companies

By Adedapo Adesanya The Federation Account Allocation Committee (FAAC) has shared a total of N1.1 trillion from the revenue generated by the nation in August 2023 for September to enable the three tiers of government; the federal government, states, and local government councils, to have funds to pay salaries and others. The allocation of the funds was confirmed by the Office of the Accountant General of the Federation on Friday following FAAC’s September 2023 meeting. According to a statement by the OAGF’s Director of Press and Public Relations, Mr Bawa Mokwa, there was “N1100.101 billion (N1.1 trillion) total distributable revenue.”

For maritime businesses, the stakes are high, and the seas can be unpredictable. Whether you own a shipping fleet, operate a fishing company, or oversee marine logistics, safeguarding your assets with the right marine insurance is prudent. It’s also essential for the sustainability of your enterprise. Here are some tips for how to find the best marine insurance provider. By following these strategic steps, you can ensure your business remains afloat, even in the face of unforeseen challenges. 1. Assess Your Maritime Needs The first crucial step towards securing the ideal marine insurance provider is a comprehensive assessment of your

By Adedapo Adesanya The Naira appreciated against the US Dollar in the Investors and Exporters (I&E), the Peer-to-Peer (P2P), and the black market arms of the foreign exchange (forex) market on Friday, September 29, as a turbulent third quarter ended. In the official segment, the local currency improved its value against the greenback by 2.6 per cent or N20.04 to close at N755.27/$1, in contrast to the preceding day’s N775.31/$1 amid a drop in the supply of FX into the system by 11.6 per cent or $16.73 million to $127.82 million from the $144.55 million published on Thursday. In the

In 2023, there are over 500 binary options brokers worldwide, each with its unique offerings and trading platforms. Many people, especially beginners, wonder how to choose the best one. Traders Union (TU) experts have conducted a thorough analysis to help traders make the right choice, excluding unreliable brokers. The result is the Top 5 Best Binary Brokers for 2023, all licensed, offering a wide range of trading options, and ensuring favorable conditions for traders. This list aims to save time and protect traders from potential scams. Top binary options platforms Traders Union analysts regularly update the binary options trading platform

By Jerome-Mario Chijioke Utomi Each passing day brings to mind the fact that Nigeria is still visibly afflicted with perennial ‘leadership haemorrhage’. But the most serious aspect of this all-out assault is the belief by Nigerians that the nation’s leadership crisis was aggregated by a successive deficiency in leadership vision and in some cases made worse by public official’s understanding and interpretation of problems with clarity but lacking in political will to see or implement solutions. Out of many of such comments, this piece will talk about two that are relevant to the present intervention. The first and very basic

By Dipo Olowookere A grant to refine a mobile application (app) that will use artificial intelligence to detect crop diseases and the alert farmers on the diagnosis has been secured. The CGIAR Research Program on Roots, Tubers and Bananas team won $100,000 for this project expected to help millions of African smallholders. The team won the grant during the big data conference held in Colombia on September 21, 2017 as part of the CGIAR Platform for Big Data in Agriculture Inspire Challenges. It is estimated that every year pests and diseases cost billions of Dollars to potential agricultural economy as

By Adedapo Adesanya The Lagos Chamber of Commerce and Industry (LCCI) has announced the postponement of the 2020 edition of the Lagos International Trade Fair due to the economic disruptions brought about by the COVID-19 pandemic and the recent #EndSARS protests that rocked the nation. According to the chamber, the fair which will feature both physical (in-person) and virtual (online) platforms, was initially scheduled to hold from November 6 to November 15, 2020, at the Tafawa Balewa Square, Lagos, but will now hold from Friday, December 4 to Sunday, December 13, 2020. According to the Director-General of the LCCI, Mr

By Adedapo Adesanya China’s biggest gaming company, Tencent Holdings, will limit gaming time for minors and ban children under age 12 from making in-game purchases following a critique from the Chinese government. On Tuesday, an article published by the Economic Information Daily, a newspaper affiliated with China’s official Xinhua News Agency called games “spiritual opium” and this led to a more than 10 per cent plunge in Tencent’s stocks. Although the article was later removed, the damage was done as the company lost $60 billion in market value. The newspaper article named Tencent’s wildly popular Honour of Kings game as

By Dipo Olowookere The Chairman/CEO of Executive Jets Services Limited, Mr Sam Iwuajoku, has apologised to the Minister of Aviation, Mr Hadi Sirika, for violating the lockdown rule and operating a commercial flight. One of the jets of the company was used to convey popular pop artiste, Mr Azeez Fashola, otherwise known as Naira Marley, to a concert held in Abuja on Sunday. A video of the event held at the Jabi Lake Mall was posted on the internet and it generated reactions because government was yet to lift the ban on concerts in the country. Concerts and event centres

By Adedapo Adesanya  YNV Tech Talent, a leading provider of tech, cybersecurity, and digital skilling solutions across the world, has expanded its services in Nigeria to include a more comprehensive package offering end-to-end tech talent solutions. Tek Experts, elev8, and Cytek’s collective services aim to revolutionize and impact the Nigerian IT market by bridging the tech talent and digital skill gaps whilst creating more comprehensive end-to-end IT talent solutions to meet the needs of businesses of all sizes. Tek Experts is part of the YNV Group, a multinational company operating five brands across three sectors: technology, education, and real estate.

By Dipo Olowookere The first trading day of this week ended on a bad note for investors at the Nigerian Stock Exchange (NSE) as a result of the 0.67 percent loss recorded by the market. During the session, the market capitalisation reduced by N96 billion to N14.360 trillion from N14.456 trillion, while the All-Share Index (ASI) went down by 184.93 points to 27,570.94 points from 27,755.87 points. Business Post reports that despite the loss, the level of activity improved as the volume of trades rose by 1.50 percent to 134.6 million units from 132.6 million units, while the value of

By Investors Hub European stocks have fallen on Thursday, as renewed concerns that Chinese growth is slowing and Brexit fears overshadowed signs of progress in NAFTA talks. The U.S. is considering imposing tariffs on another $200 billion worth of Chinese goods as early as next months, and the response from China may have significant consequences for the global economy and currencies. While the U.K.?s FTSE 100 Index has fallen by 0.6 percent, the German DAX Index and the French CAC 40 Index are both down by 0.5 percent. The euro remained firm against the dollar despite a measure of Euro