Nigeria Risks Losing N136b Gain of Transit Cargoes

Nigeria’s early gains which saw it reclaiming about N136 billion transit cargoes from neighbouring countries like Togo and Benin Republic may be eroded as the port of Cotonou has signed a management agreement with the Port of Antwerp to manage and modernize its port facilities. Stakeholders in the Nigeria’s maritime industry said the move could… Continue reading Nigeria Risks Losing N136b Gain of Transit Cargoes

Nigeria’s Central Bank Governor warns banks to guard against Key – man risk.

  Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele on tuesday identified key-man risk in the banking sector as a huge challenge, just as he advised financial institutions to guard against it. Mr Emefiele pointed out that while appreciable momentum had been attained in corporate governance practices in the Nigerian Banking industry, the regulators… Continue reading Nigeria’s Central Bank Governor warns banks to guard against Key – man risk.