By Adedapo Adesanya

Switzerland-headquartered global shipping giant, Mediterranean Shipping Company (MSC), has complied with the directive of the Nigerian Shippers’ Council (NSC) to suspend the implementation of its new tariff pending consultations with stakeholders.

In a customer advisory titled Temporary Suspension of New Tariff Implementation, the shipping line stated that the tariff regime in place before the recent increase would remain effective until further notice.

Business Post reported a few days ago that freight forwarders picketed the offices of MSC, protesting the recent increase in shipping line tariffs. They blocked the regulators from accessing the MSC premises to address the matter.

Despite the protests, the council’s attempt to engage the aggrieved freight forwarders in discussions was resisted, as the protesters insisted that there was no basis for dialogue and vowed to continue the protest until the increased charges were immediately reversed.

In the latest directive, the shipping company said, “We wish to inform our esteemed customers that the recently implemented tariff adjustment has been temporarily suspended, following a directive from the NSC. This suspension is pending the conclusion of ongoing engagements and resolution with the regulator.”

“Accordingly, the tariff regime applicable prior to the recent increase will remain in force until further notice, as mandated.”

The company further assured customers that updates would be communicated once a final decision is reached by the Nigerian Shippers’ Council.

“We remain fully committed to regulatory compliance, transparency, and protecting the interests of our customers. Further updates will be communicated promptly once a definitive position is issued by the Nigerian Shippers’ Council. We appreciate your understanding and continued cooperation,” the advisory added.

NSC had warned that prolonged industrial disputes within the maritime sector could disrupt port operations and negatively impact trade and economic activities.

By Modupe Gbadeyanka

A total of 3,200 African entrepreneurs across 54 countries will participate in the 2026 Tony Elumelu Foundation (TEF) Entrepreneurship Programme.

The beneficiaries were unveiled at the weekend, when the founder of the organisation, Mr Tony Elumelu, celebrated his 63rd birthday in Abuja.

Analysis showed that women accounted for 51 per cent of the cohort, which Mr Elumelu was proud of, saying it reflects merit-based selection and highlights the increasing leadership of African women in entrepreneurship.

“When opportunity is accessible, African women do not simply participate, they lead,” the philanthropist and chairman of Heirs Holdings, Transcorp Plc and UBA Group said.

The chosen business owners will each receive $5,000 in non-refundable seed capital, alongside access to mentorship, business training, and TEF’s proprietary digital platform, TEFConnect.

In his annual letter, Mr Elumelu emphasised that opportunity and prosperity can be intentionally created and scaled, saying, “Hope is not just a feeling, it is a system we can build”.

This underscores his long-standing belief in Africapitalism, the philosophy that Africa’s private sector must drive economic and social development.

Highlighting the programme’s growing impact, the Delta State-born businessman noted that the foundation has now disbursed over $100 million in funding to more than 24,000 African entrepreneurs since its inception. The programme continues to demonstrate strong outcomes, with 80 per cent of supported businesses scaling beyond the early stage, significantly outperforming global averages.

Collectively, TEF-supported entrepreneurs have generated over $4.2 billion in revenue, created 1.5 million jobs, and lifted more than 2.1 million Africans out of poverty, impacting over four million households across the continent.

Reflecting on the organisation’s journey since its launch in 2010, Mr Elumelu reiterated the vision to democratise opportunity and scale impact across Africa by investing in its most valuable resource, which is its people. He also expressed gratitude to partners, mentors, and stakeholders who continue to support the foundation’s mission of building a self-sustaining Africa.

By Adedapo Adesanya

A Federal High Court sitting in Kaduna State has adjourned proceedings on the bail application of former Governor, Mr Nasir El-Rufai, to March 31, 2026.

The decision was made after Tuesday’s hearing, during which legal arguments were presented by both the prosecution and the defence.

At the court session, counsel to the defendant, Mr Ukpon Akpan, urged the court to grant his client bail, citing constitutional rights and the need to allow the former governor adequate time to prepare his defence.

However, the prosecution opposed the application, arguing that the charges against Mr El-Rufai are serious and that granting bail could interfere with ongoing investigations.

The former Kaduna State governor was arraigned by the ICPC over charges related to alleged corruption and abuse of office when he administered the North-Western state from 2015 to 2023.

Ahead of El-Rufai’s arraignment on Tuesday, security presence in the Kaduna State capital and around the court has been significantly heightened, with armed personnel stationed at key entry points to forestall any breakdown of law and order, as supporters and observers gathered outside the premises.

It was widely reported that coverage was restricted, with journalists barred from entering the courtroom to witness the proceedings.

The former governor was arraigned by the ICPC alongside Mr Joel Adoga before the Kaduna Federal High Court.

According to a statement issued on Monday by the commission’s Head of Media and Public Communications, Mr John Okor Odey, the arraignment follows charges filed under suit number FHC/KD/73/2026. The charges include alleged conversion and possession of public property, as well as money laundering.

In a related development, the ICPC has also filed a separate case against Mr El-Rufai and Mr Amadu Sule before the Kaduna State High Court in the Kaduna Judicial Division. The case, marked KDH/KAD/ICPC/01/26, contains allegations ranging from abuse of office and fraud to intent to commit fraud and conferring undue advantage.

The commission disclosed that both charges were instituted on March 18, 2026, as part of its ongoing efforts to enforce accountability and combat corruption.

While the arraignment at the Federal High Court is scheduled for Tuesday, the date for the hearing at the State High Court is yet to be announced and will be communicated in due course.

The ICPC further confirmed that the former governor has been duly served with the charges.