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SEC awards over $13m to whistleblower

The Securities and Exchange Commission Friday announced an award of more than $13 million to a whistleblower whose information and assistance prompted the opening of an investigation and significantly contributed to the success of an SEC…

APM Terminals Apapa handles 8.1m TEUs in 15 years 

Nigeria’s largest container terminal, APM Terminals Apapa handled a little above 8.1 million twenty-feet equivalent units (TEU) of containers in the past 15 years. Terminal Manager of APM Terminals Apapa, Steen Knudsen, said container…

JUST IN: Titan Trust Bank acquires Union Bank

Titan Trust Bank ‬Limited (TTB) ‭has acquired major stakes in Union Bank of Nigeria Plc. Somuyiwa Sonubi, Union Bank’s secretary, disclosed this in a statement posted on the ‬‬Nigerian Exchange Limited (NG‭X) on Thursday. The…

NIMASA renews stevedoring rates

In furtherance of its efforts to mitigate the effects of the COVID-19 pandemic, the Nigerian Maritime Administration and Safety Agency (NIMASA) has renewed the revised Offshore Cargo Handling and Operations Stevedoring rates contained in…