Business
Shippers To Appoint Adviser For National Fleet
Nigerian Shippers Council (NSC) said that it would appoint a ‘transaction adviser’ for the proposed national fleet to enhance its transparent, effective and smooth operations.
NSC’s Executive Secretary, Mr Hassan Bello, disclosed this in an interview with newsmen in Abuja, recently.
According to him, the transaction adviser will be in charge of all transactions, shopping for investors, registering of companies and tidying the financial process of the fleets.
“We have gone very far with the national fleet. Transaction adviser is about to be appointed.
“So, when the transaction adviser is appointed and all transactions are going to be handled by the transaction adviser as an expert.
“He will handle all aspects of promoting investors, registering of the companies, attract finance and getting subscribers,” he said.
Executive secretary said the national fleet was going to be a joint venture between Pacific International Lines, (PIL) of Singapore and Nigerian investors.
Bello disclosed that a Memorandum of Understanding (MoU) had been signed between the council and PIL, because of its expertise in fleet management and knowledge of the market.
“There will be sensitisation of prospective Nigerian investors; it will be a joint venture with PIL of Singapore and Nigerian investors.
“Where PIL will have 40 per cent of the equity and Nigerians will have 60 percent; we have signed a MoU with PIL because of their expertise in fleets management and of course knowledge of the market so we will rely on their technical abilities.
“But 60 per cent of the business will be a Nigerian company, and it will be on dry cargoes and wet cargoes.”
The executive secretary further said that it was private sector driven where government would not invest a kobo in it.
He added that the venture will be a partnership, saying “there is no time line to achieve that; but the government will just do its part and hand over to the private sector.’’
He nonetheless said the council was still working on it; saying “it is a tentative work and not something you just do because we have to avoid mistakes.”
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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