Fitch Ratings | Fitch Ratings – Hong Kong – 29 Oct 2020: Fitch Ratings has affirmed Cameroon’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B’ with a Negative Outlook. KEY RATING DRIVERS Cameroon’s ‘B’ ratings balance low GDP per capita and weak governance indicators against moderate government debt and low inflation supported by membership of … Read more
Three persons are reported to have been injured after a building collapsed at the New Bell neighbourhood in Douala, Littoral region of Cameroon early this Thursday October 29. According to reports, the incident occurred at Carrefour Monkam behind the New Bell Central prison at about 7am. Thanks to the timely intervention of the population and … Read more
Télé 7 Jours | Le footballeur Stéphane Bahoken, attaquant d’Angers et du Cameroun, a été placé en garde à vue pour violences conjugales ce mardi 27 octobre. La nouvelle est tombée dans la soirée. Comme le rapporte Ouest France, le footballeur Stéphane Bahoken a été placé en garde de vue ce mardi 27 octobre. L’attaquant d’Angers … Read more
Business in Cameroon | In 2019, private investments were less dynamic than public investments, according to the 2019 national accounts recently published by the national institute for statistics (INS). Indeed, during the period, private investments slowed down, from 9.6% in 2018 to only 7.4% in 2019. At the same time, public investments rose exponentially from … Read more
CBN The October Purchasing Managers’ Index for the manufacturing sector stood at 49.4 index points, indicating a reversal of five consecutive months of contraction which started in May. This is according to the result of PMI survey released by the Statistics Department of Central Bank of Nigeria (CBN) on Tuesday. The News Agency of Nigeria … Read more
CBN By Elizabeth Adegbesan A Central Bank of Nigeria, CBN, Survey Report has shown that banks experienced higher loan default rates on credit cards and overdrafts/ personal lending to household in the third quarter of the year (Q3’20). The survey also noted that lenders expect to tighten the conditions for which loans are given to … Read more
•Customs Agents petition Presidency By Godfrey Bivbere There is an indication that the five faulty scanners at the Apapa ports have been abandoned as the Federal Government rejects proposal to repair them at a cost of N753 million. This development, Vanguard Maritime Report learnt, comes at the backdrop of the move by the government to … Read more
•Visits ports across Nigeria By Godfrey Bivbere THERE are indications that a fresh port congestion era is looming following a build up of un-cleared cargoes that arrived the country in the last two weeks. The development was as a result of the #EndSARS protest and a subsequent massive civil unrest, leading to shut down of … Read more
NPA Marina Hoodlums ravaged MD’s office, took 2 vehicles By Godwin Oritse with agency report THERE are indications that the invasion and subsequent vandalism and setting ablaze of the Corporate Head office of the Nigerian Ports Authority, NPA, last week has been viewed by the management of the agency as a sabotage from within. Even … Read more
A map of Nigeria By Godwin Oritse THE Lagos Maritime Security Zone of the Port Facility Security Officers of Nigeria, PFSON, forum has reacted to the arrested Nigerian stowaways on board ‘M/T Nave Andrmeda’ saying that the incident indicates the failure of the country’s security system. Speaking to Vanguard Maritime Report, Chairman of the Forum, … Read more
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