Monday, 8th August 2022
<To guardian.ng
Search

Why investors are shunning Nigerian ports

By Guardian Exclusive
03 August 2022   |   7:49 am
With numerous checkpoints mounted by different government agencies – plus the uninhibited extortion by personnel of these agencies – it is no surprise that investors are shunning Nigerian seaports.

Related

3 Jul
Ursula von der Leyen said Ukraine was making progress toward its goal of EU membership and needed to foster business confidence by appointing top anti-corruption officials.
5 Jul
Nigerian manufacturers are lamenting the impact of higher diesel prices on operations, stressing that most businesses are at risk of shutting down due to macroeconomic challenges.
6 Jul
Fitch Ratings says it expects Nigeria’s economy to witness a 3.1 per cent growth this year, as it expects rising inflation, estimated at 17 per cent this year, may dampen the country’s economic growth.
10 Jul
VVF is an acronym for vesicovaginal fistula which affects around 250,00 women in Nigeria. Hidaya Ahmad has created a foundation to care for them.
7 Jul
Nigeria says out of the 141 million barrels of oil produced in the first quarter of 2022, only about 132 million barrels of oil were received at export terminals, putting a daily average loss of 108 thousand barrels in the first quarter of this year. Oliver Onyekweli, an Associate Partner at McKinsey and Company, joins CNBC Africa to discuss this issue.
6 Jul
Around 300 inmates remained at large on Wednesday (July 6) after a suspected raid by Islamist Boko Haram militants on a prison in Nigeria's capital Abuja on Tuesday (July 5) night, an interior ministry official said. Shuaib Belgore, permanent secretary at the interior ministry, told journalists outside the 900-inmate prison that a security officer was killed during the raid and three others were injured.
7 Jul
Former football administrators Sepp Blatter and Michel Platini are due to hear the verdict in their Swiss corruption trial on Friday.
9 Jul
Nigerian IT specialist Rebecca Amoo has developed an app that makes organic farming easier than ever, all from your smartphone. It's a part of a growing movement known as Crowd-farming.
13 Jul
The books and computers in a Lagos slum library are a ray of hope for children living in Ajegunle, many of whom can't afford to go to school.
17 Jul
With diesel costs rising, especially amid the war in Ukraine, Nigerian businesses are said to be increasingly abandoning generators for solar.
15 Jul
Nigeria says it is currently in talks with oil marketers over calls for an upward adjustment in the pump price of petrol, bridging claims payment, among others in the downstream oil sector. Luke Ofojebe, the Head of Research at Vetiva Research, joins me to discuss this development.
19 Jul
Nigeria attracted about $223.3 million as foreign direct investments in the first five months of this year. Niyi Falade, Group Executive Director of Custodian Investment, joins CNBC Africa for more.