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Monthly Archives: December 2018

With New Funding, Second Niger Bridge Offers Hope of Economic Revolution

With New Funding, Second Niger Bridge Offers Hope of Economic Revolution

The projected completion of the second Niger Bridge by 2022 is bound to boost the economic potentials of the entire eastern region and the country in general The resurrection of construction activities on the Niger River has again kept hopes ...

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Threat to Budget Implementation

Oil Price Rises Above $66 on OPEC Deal, US Sanctions

President Muhammadu Buhari recently presented an appropriation bill of N8.83trillion to the National Assembly for consideration and ratification in pursuit of his administration’s ‘continuity agenda’ in 2019. Media reports that given  falling oil prices  at the international market, the federal government may find ...

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$8.1bn Refund: The CBN-MTN Drama and Impacts on Investor Confidence

Entrenching Fiscal Discipline with New ECA Guidelines

In August, the Centra; Bank of Nigeria sanctioned MTN Nigeria over alleged illegal repatriation of $8.1 billion from the country to its parent company in South Africa, in violation of the extant laws and regulations. After an extensive investigation into ...

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Navy Unveils Measures to End Oil Theft, Pipeline Vandalism

Execution of N8.916tr budget under threat

The Nigerian Navy yesterday disclosed that it had increased its surveillance in the country’s maritime domain with the refurbishing of its old vessels and the acquisition of new ones, which would end the rate of oil theft and pipeline vandalism ...

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NAFDAC’s return to ports, interception of illicit pharmaceutical products

NAFDAC’s return to ports, interception of illicit pharmaceutical products

The return of the National Agency for Food and Drug Administration and Control (NAFDAC) to the ports and borders in May 2018 after seven years of absence and heightened readiness and alertness of the Agency’s Ports Inspection Directorate have significantly ...

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Experts identify factors that will shape 2019 stock market

Chams, Dangote Flourmills lead in stock market’s N94 billion gain

Financial experts have identified outcome of general elections, direction of monetary policy and United States-China trade tension as factors that will shape the country’s stock market in 2019. They told the News Agency of Nigeria (NAN) in separate interviews yesterday ...

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18 ships of petrol waiting at Lagos ports, 31 others in transit

30 fuel vessels, others stuck on Lagos high sea

The massive importation of petroleum products better explained how the Federal Government avoided fuel scarcity this Yuletide season, even as 18 more ships laden with Premium Motor Spirit (PMS) also known as petrol, are currently waiting at the Lagos ports ...

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NUPENG urges government to implement national reforms

NUPENG urges government to implement national reforms

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has admonished the Federal Government to proactively rededicate itself to the complete and total implementation of national reforms in the country.It said that the reforms, not just in the petroleum sector ...

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Textile manufacturers seek review of incentives to attract investments

Textile manufacturers seek review of incentives to attract investments

The Nigerian Textile Manufacturers Association (NTMA) has urged the Federal Government to review some of its incentives to foreign investors, in order to promote growth of local manufacturers and a sustainable economy. The Director-General of NTMA, Hamma Kwajaffa said that ...

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NNPC reserves three billion litres of petrol for Yuletide

NNPC reserves three billion litres of petrol for Yuletide

• Promises uninterrupted supplies Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, yesterday assured of uninterrupted supply of fuel during the Christmas and New Year celebrations and beyond, saying it has 60-day fuel in stock. ...

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Parlous infrastructure undermines N2.5b utilisation of cargo-handling equipment

World Ocean Day: NIWA, WIMA Nigeria Advocate Cleaner Waters

The N2.5 billion Baro ports project appears to have received a lease of life after the deplorable condition of the access road delayed the project for several months. But there is the worry that the project may not live up ...

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‘NLNG dividend withdrawals targeted at giving Nigerians better life’

‘NLNG dividend withdrawals targeted at giving Nigerians better life’

Contrary to the notion that the Nigerian National Petroleum Corporation’s (NNPC) recent withdrawals from the Nigerian Liquefied Natural Gas (NLNG) Dividend Account was politically motivated, the national oil company has said the fund will be used to better the life ...

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All-Share Rises 0.33% as Market Pares Losses to End Four-Week Decline

It was a positive performance for the Nigerian equities market last week after four weeks of decline as increased buying interest in bellwethers lifted the market. The Nigerian Stock Exchange (NSE) All-Share Index rose 0.33 per cent to close at 30,773.64, ...

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2019 Budget Execution Threatened By OPEC’s Production Cut

2019 Budget Execution Threatened By OPEC’s Production Cut

· $60 crude oil $60 benchmark is deceptive · FG must focus on railway projects, jettison ‘Nigeria Air’ By Kenneth Jukpor While the Senate President and several political bigwigs in the polity have expressed dissatisfaction with the 2019 budget presented by President ...

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Managing Nigeria’s Fiscal Challenges In Shipping

Managing Nigeria’s Fiscal Challenges In Shipping

Over the years, the shipping industry and the maritime sector at large has continued to experience setback as a result of poor financing. This has also led to the poor utilization of wide opportunities available in the maritime industry. The ...

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Dazzling Dorothy

Dazzling Dorothy

Ms Dorothy Enuka Ogbutor is currently the Head, (Treasury and Foreign Operations Department) of Nigerian Export-Import Bank [NEXIM]. She is a graduate of the University of Jos with a Bachelor’s Degree in Sociology in 1988, and an MBA from the ...

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MAJAN: Maritime Stakeholders Canvass Synergy To Tackle Rot In Port Sector

Aniebonam Urges Senate To Meet President Over NTC Bill

By Sylvanus Ekpo The Founder of National Association of Government Approved Freight Forwarders (NAGAFF), Dr. Boniface Aniebonam has called on the leadership of the Association of Nigeria Licensed Customs Agents (ANLCA) to adopt the “Doctrine of Necessity” in solving the ...

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How To Eradicate Sea Pirates In Nigeria – Ogbeifun

How To Eradicate Sea Pirates In Nigeria - Ogbeifun

By Kenneth Jukpor Engr. Greg Ogbeifun is the President of Ship Owners Association of Nigeria (SOAN). After the successful 4th Edition of SOAN’s Annual Workshop and Dinner which held in Lagos last week, he spoke on MMS Plus on several ...

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Saraki Summons Senators To Amend NTC Bill

NNPC Stinks Despite Regime Change- Saraki

By Kenneth Jukpor Following President Mohammadu Buhari’s decision to decline assent to the National Transport Commission (NTC) bill, Senate President, Bukola Saraki has summoned all relevant Senators to address the excesses observed in the bill. Saraki called on the relevant ...

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Truckers Bemoan Hostile Business Environ, Extortion By Security Operatives

The truckers who do business at Nigerian ports have decried growing state of traumatic experiences from the lingering Lagos ports access roads gridlock, anomalies clogging the vital components of the logistics supply chain, as well as extorting by various security ...

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