Demand on the major container routes out of China to North America and Northern Europe continued to set records in June. However, there are signs that demand may have peaked, …
The Economy
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GLOBAL ECONOMYSHIPPING & TRADE
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The Nigerian Senate on Thursday resolved to wade into the dispute between the Dangote Group and Nigerian National Petroleum Company Limited (NNPCL). The Senate through its Ad-hoc Committee investigating alleged …
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NEWS & PUBLIC ECONOMY
Reps pass N70,000 minimum wage, IGP tenure elongation bills into laws
by The Economyby The EconomyThe House of Representatives has passed a bill seeking to increase minimum wage from N30,000 to N70,000 into a law. Reps have also passed into a law, another amendment bill …
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CUSTOMSSHIPPING & TRADE
Customs seeks media support for TRS, inducts MARAN president as ambassador
by The Economyby The EconomyThe Customs Area Controller (CAC), Tin-can Island Command, Comptroller Dera Nnadi has called for support from the maritime media to make the ongoing Time Release Study (TRS) at the port …
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SHIPPING & TRADE
Nigeria launches first AfCFTA shipment to 5 African countries
by The Economyby The EconomyPresident Bola Ahmed Tinubu yesterday launched the first shipment of Nigeria’s export to five African countries under the Guided Trade Initiative (GTI). The initiative is part of African Continental Free …
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MONEY MARKETNEWS & PUBLIC ECONOMY
Why Tinubu seeks additional N6.2trn to 2024 budget; NASS hurriedly approves
by The Economyby The EconomyThe Senate and the House of Representatives have hurriedly approved request by President Bola Tinubu to inject N6.2 trillion into the country’s 2024 budget raising the budget to N33.7 trillion …
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The Nigerian Customs Service (NCS) and the Nigerian Police Force (NPF) are exploring new fronts to bolster exiting synergy against trade crimes. In a move to enhance their inter-agency collaboration, …
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GLOBAL ECONOMYMONEY MARKETNEWS & PUBLIC ECONOMY
Nigeria’s external reserves in 13 months high, hits $34.66bn
by The Economyby The EconomyDespite her economic woes, Nigeria’s is managing to keep her external reserves ups, rising by $1.88 billion to hit $34.66 billion as July kicks off. This is the highest level …
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GLOBAL ECONOMY
Niger, Mali, Burkina Faso pull out of ECOWAS, form confederation
by The Economyby The EconomyAfter several months of pulling up alliances, the military leaders of Burkina Faso, Mali and Niger have finally signed a new confederation treaty. The treaty was signed on Saturday after …
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A former President of the Nigeria Labour Congress (NLC), Takai Shamang, has been reportedly kidnapped. Shamag, who also served as the President General of the National Union of Electricity and …