Category: Business

Grid Stabilisation: Shippers’ Council Fast-Tracks 22 TCN Power Projects, Saves Billions

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> Recovers ₦160M for Global Carrier > Slashes Over ₦323M in Demurrage for National Power Firm > “The Council doesn’t just help; they keep us in business.” — CMA CGM* ​Following introductions by the attendees, Dr. Bashir Ambi Mohammed Head, Complaints Unit, speaking on behalf of the Executive Secretary/CEO, Akutah Pius Ukeyima, Esq, MON, FCILT, Ph.D., welcomed Stakeholders to the meeting. ​Dr. Ambi noted that this was an ongoing dispute, and the meeting had been rescheduled at the request of the Managing Director of CMA CGM Shipping Nigeria. He recalled…

Enough Is Enough: Shippers’ Council Director Anifowoshe Demands ₦10.18m, Public Apology From Arik Air Over Impromptu Cancellations

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What began as a routine 8:35 a.m. trip from Abuja to Lagos has turned into a ₦10.18 million legal battle, with a top Nigerian Shippers’ Council director suing Arik Air. After his flight was cancelled without warning, Mr. Anifowoshe has engaged regulators (the Nigerian Civil Aviation Authority NCAA) demanding significant compensation for the abrupt, unnotified disruption. Leading the charge for passenger rights, media expert and NSC Director of Strategic Planning and Research, Rotimi Babatunde Anifowoshe, is demanding ₦10.18m from Arik Air after a chaotic flight cancellation. Anifowoshe, confirmed the development…

Shippers’ Council Rolls Out Sweeping Reforms for Faster, Smarter Nigerian Ports

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The Nigerian Shippers’ Council (NSC) has strengthened its resolve to optimize port efficiency through aggressive regulatory reforms. Operating as the nation’s port economic regulator, the Council’s latest initiatives target cost reduction, absolute transparency, and heightened trade competitiveness across all Nigerian gateways. This disclosure was contained in a statement issued on Wednesday, May 20, by the Council’s Head of Public Relations, Rebecca Adamu. She noted that the Executive Secretary/CEO of the Nigerian Shippers’ Council (NSC), Dr. Akutah Pius Ukeyima, Esq, MON, FCILT made the remarks in Ikeja, Lagos, during the 25th…

Shippers’ Council Chief: Dispute Interventions Saved Stakeholders ₦348.8m in Q1

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In continuation of its statutory mandate as the Nation’s Port Economic Regulator, the Nigerian Shippers’ Council (NSC) has recorded another landmark achievement through its alternative dispute resolution mechanism. The Executive Secretary and CEO of the Council, Akutah Pius Ukeyima, Esq, MON, FCILT, Ph.D., confirmed that the NSC saved the economy ₦348.8 million for industry stakeholders in the first quarter of 2026. This significant economic saving was achieved through the amicable resolution of legitimate commercial complaints. Speaking recently as the headline guest lecturer at the 25th Anniversary and Awards celebration of…

CILT Nigeria: Minister Keyamo to Keynote 2026 Annual Lecture.

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The Chartered Institute of Logistics and Transport (CILT) Nigeria will host its 2026 Annual Lecture on Thursday, May 21, 2026. The prestigious event is scheduled for 10:30 AM at the Shehu Musa Yar’Adua Centre, Abuja, the Federal Capital. In an official statement, the prestigious institute announced that the theme for the upcoming event is “Improving Connectivity Within the African Continent.” Leading the discourse as keynote speaker is the Honourable Minister of Aviation and Aerospace Development, Festus Keyamo (SAN, CON, FCILT). However, beyond the annual lecture, the event includes a dedicated…

Apapa Port Cleanup: PEBEC DG Princess Zahrah Mustapha Audu Targets Extortionists to Ease Trade Bottlenecks

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To boost trade facilitation and slash the cost of doing business, PEBEC Director-General Princess Zahrah Mustapha Audu stormed the Lagos ports complex on Thursday. The high-impact raid dismantled illegal checkpoints and notorious extortion hotspots that have crippled operations along the port corridor for years. Scattered across strategic access routes into the Apapa port corridor, these checkpoints had long served as cash cows for corrupt security personnel and port officials, who routinely extorted hundreds of thousands of naira from drivers. The sudden raid caught the operatives off guard, sending many fleeing…

Dangote Blocks NNPC Attempt to Increase Refinery Shareholding

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The President of the Dangote Group, Alhaji Aliko Dangote, on Wednesday said that the group turned down requests by the Nigerian National Petroleum Company (NNPC) Limited to increase its stake in the Dangote Petroleum Refinery. Speaking with Norwegian Sovereign Wealth Fund CEO Nicolai Tangen via Channels Television, Dangote disclosed that NNPC’s buyout proposal was declined. The rejection marks a strategic move to prioritize local investors ahead of the refinery’s highly anticipated IPO, ensuring everyday Nigerians gain equity in the mega-plant. NNPC acquired a 7.25% share in the refinery for $1…

Extortion Crackdown: IGP Imposes 200-Metre Restriction on POS Operators Near Police Stations

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In a strategic move to boost transparency and curb extortion, Inspector-General of Police Tunji Disu has barred Point-of-Sale (POS) operators from operating within 200 metres of all police formations nationwide. The strict directive aims to sanitize police environments and eliminate illicit financial transactions near commands. Enforcement of the new perimeter takes immediate effect, with the police high command warning senior officers that strict disciplinary action will be taken if violations occur under their watch. The signal specifically targets the ‘alarming proliferation’ of POS spots near stations, linking their presence to…

NDLEA Arrests Three PWDs for Trafficking, Seizes N5.8bn ‘Loud’ in Lekki Mansion, Busts Skuchies Factory

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In a disheartening discovery, NDLEA operatives—as part of ongoing efforts to rid the country of illicit drugs—have arrested 60-year-old Romanus Nwabara and two other Persons With Disabilities (PWDs) for trafficking. The trio was intercepted during interdiction operations in Anambra and Kwara states. According to a statement released on Sunday, May 10, by the NDLEA Director of Media and Advocacy, Femi Babafemi, operatives acting on credible intelligence tracked 60-year-old Romanus Nwabara to Akpaka Forest in Onitsha on Wednesday, May 6. Nwabara was caught with 250 grams of skunk packaged in retail…

Eye on Hormuz: Qatari LNG Tanker Spotted En Route

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A Qatari LNG tanker is making a high-stakes run through the Strait of Hormuz, the first such attempt since the war with Iran began. Reuters confirmed Saturday, May 9, that the Al Kharaitiyat is en route to Pakistan’s Port Qasim, citing LSEG shipping data. While QatarEnergy remains silent, the voyage is a critical test for energy security in the region. ”The LNG is being sold ​by Qatar to Pakistan – a mediator in the war – under ⁠a government-to-government deal, according to two people familiar with the matter. They ​said…