Maritime’s Strategic Economic Importance

The maritime sector is of critical significance to any economy. It is the main means for transporting goods internationally, and many cities rely on their ports as a major source of revenue. The maritime industry, which is a subsector of the transport sector, globally accounts for over 70% of transportation requirement of the world.

Why Nigerian Airlines Lean On Foreign Insurance Underwriters

Aviation industry globally has transported about 2.4 billion people since inception, according to the International Air Transport Association (IATA). Over 43 million tonnes of cargo, 32 million jobs, $545 billion in revenue and $217 billion in debt are currently credited to the aviation industry worldwide.

Delta Airline Exit From Abuja –The Business Implications

The suspension of direct flight operation to the John F. Kennedy International Airport (JFK) in New York, from the Nnamdi Azikwe International Airport (NAIA) in Abuja, by Delta Airlines, is reminiscence of the loss in economic competitiveness; a result of the dismal business environment in Nigeria.

Has Concessioned Ports Helped In Nigeria?

Over time, seaports have emerged as a major gateway to economic development of any nation. The United Nation Conference for Trade and Development (UNCTAD) in 2009 reported that “about 90% of the world’s trade is carried out via the sea.” For instance, in 2011, ports contribute 1.9, 1.3, 2.1 and 0.05% of the total Gross Domestic Product (GDP) in United Kingdom, South Africa, Singapore and Nigeria respectively.

Airfare Disparity: Any Justification?

Lately, the airfare disparity on the Lagos – London and Accra – London route has come under severe scrutiny.  The Ministry of Aviation had given the affected airlines, mainly British Airways and Virgin Atlantic a 30-day ultimatum to close the fare gap or be banned.  The Executive and Legislative arms of government have also thrown their weight behind this decision.

Re-upholstery: For The Ultimate Car Make-over

Picking up your boss from the airport next week? Or is the new client for that multi-million naira contract? Perhaps you cannot afford the ultimate machine just yet and the spray job was nice but it still did not ‘hit the spot’.

The answer lies in the car interior. That is where you spend most of your driving experience and that is where you can really score points with your boss or new client. Besides, a new car could just as well have a boring interior anyway.

‘Flying Containers’ At The Ports

With the port reforms and concession of its operations to private terminal operators, one had expected that the age-long illegal exit of containers from the ports would be a thing of the past.

The practice known in industry parlance as ‘container flying’ is still very much around at the ports even when most of the ills that plagued the nation’s ports in the past are gradually giving way. 

Buying The Right Car

You should not purchase a car on a whim. If you have ever gone to the phone shop, purchased a mobile phone that appealed to you, only to get home and find that it did not meet your needs? Now imagine it was a major purchase like a car.