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Daily Archives: July 11, 2019

League of Maritime Editors Demands Probe On Asadu’s Port Committee

Kings Communication Rejigs Managerial Team, Promotes Staff

Writes N’Assembly, EFCC on Committee’s shoddy oversight functions in CRFFN   The League of Maritime Editors and Publishers (LOMEP) has written the  Speaker of the House of Representatives, Hon. Femi Gbajabimiala,  over the oversight function carried out by the immediate ...

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NDLEA, Shippers’ Council flay smuggling of illicit drugs into Nigeria

Regional Integration: Transport Component Missing In AfCFTA – African Shipowners

The National Drug Law Enforcement Agency (NDLEA), and the Nigerian Shippers’ Council (NSC), have reviewed their synergy to halt smuggling of Tramadol and other illicit drugs into the country. The NDLEA Director in charge of seaports, Omolade Faboyede, during a ...

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Airtel share falls 10% on high stock price

Airtel share falls 10% on high stock price

• Market index loses N30 billion At the close of transactions yesterday, Airtel Africa Plc shares, which opened at N363 shed N39.30 or 10 per cent to close at N359.40 per share. However, this is in sharp contrast to the ...

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CBN limits daily standing deposit facility to N2 billion

CBN limits daily standing deposit facility to N2 billion

Effective from today, Thursday, banks and discount houses operating in the country are to limit their daily access to the Central Bank of Nigeria (CBN’s) Standing Deposit Facility (SDF) to only N2billion or risk not being remunerated. A CBN Circular ...

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NNPC hints of fuel pump price rise, says N145 cheapest in West Africa

NNPC hints of fuel pump price rise, says N145 cheapest in West Africa

Nigerian National Petroleum Corporation (NNPC) has hinted that pump price of premium motor spirit (PMS) may be increased soon, as it described the N145 pump price as the cheapest in West Africa. The new Group Managing Director (GMD), Mele Kyari, ...

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Senate moves to protect indigenous airlines, probes unfair competition

Senate moves to protect indigenous airlines, probes unfair competition

The senate has resolved to unravel the reason foreign airlines were allowed to fly multiple routes within Nigeria to mop up passengers, a practice that is alien to other climes. To that effect, the upper legislative chamber said it would ...

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Amidst concerns DMO puts Nigeria’s public debt at N25trn

Amidst concerns DMO puts Nigeria’s public debt at N25trn

• LCCI urges govt to explore alternative revenue Amidst concerns by the Bretton Woods Institutions, including the International Monetary Fund (IMF), and World Bank over Nigeria’s ability to repay its foreign debt, which has continued to rise, the Debt Management ...

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Equity investors may lose dividend as non-performing loans rise

Equity investors may lose dividend as non-performing loans rise

• Banks recorded N1.5 trillion unpaid facility in 2018 • Why there are more cases of default, by operators The huge rise in banks’ non-performing loan ratio triggered by the prevailing economic downturn has become a source of worry to ...

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