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Daily Archives: November 2, 2018

Nigeria Imports 1.2m Vehicle in Six Years

Nigeria Imports 1.2m Vehicle in Six Years

The Nigerian economy received a total of 1,216,131 used and new vehicles that were imported into the country between 2012 to 2017, a report by the National Bureau of Statistics (NBS) has revealed. The National Bureau of Statistics in a ...

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Banks Lose N12.06bn to Fraud in Six Months, Says CBN

Banks Lose N12.06bn to Fraud in Six Months, Says CBN

The Central Bank of Nigeria (CBN) has revealed that commercial banks in the country lost a total of N12.06 billion to fraud and forgeries in the first six months of 2018. This is just as the banking sector regulator revealed ...

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NNPC Shores up Fuel Supply with BP Oil Deal

NNPC Shores up Fuel Supply with BP Oil Deal

Petrobras to sell stake in Nigerian venture for $1.5bn Ejiofor Alike in Lagos and Chineme Okafor in Abuja with agency reports The Nigerian National Petroleum Corporation (NNPC) Thursday said it had signed a six-month crude-for-product deal with BP Oil International ...

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Capital Outflows Force Nigeria’s External Reserves Down to $41.995bn

Capital Outflows Force Nigeria’s External Reserves Down to $41.995bn

Nigeria’s external reserves fell to $41.995 billion at the end of October, representing a decline by $5.793 billion or 12.12 per cent, compared with the $47.788 billion it was as at the end of June, 2018, data compiled from the ...

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CRFFN Governing Council Inaugurated, Tsanni Emerges Chairman

CRFFN Governing Council Inaugurated, Tsanni Emerges Chairman

…Henry Njoku beats Increase Uche to Vice Chairman The much anticipated inauguration of the Governing Council of the Council for the Regulation of Freight Forwarding in Nigeria (CRFFN) by the Minister of Transportation, Hon. Chibuike Rotimi Amaechi held yesterday in ...

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NPA boss advocates enhanced cargo clearance framework

NPA boss advocates enhanced cargo clearance framework

The Managing Director of the Nigerian Ports Authority (NPA), Hadiza Bala Usman, has advocated an African framework, targeted at enhancing the conveyance of cargoes, and the quality of logistics in a more predictable manner. Usman, who opined that such a ...

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