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Monthly Archives: October 2019

Customs, Minister Trade Blame Over 33 Containers Of Expired Rice

Tin Can Customs Generates N287bn In 10 Months

Containers arrived in 2016, unconnected to border closure – Masters Energy They weren’t declared, we discovered them two months ago – Customs By Kenneth Jukpor Few hours after the Nigeria Customs Service (NCS) showcased 33 containers of rice, as part ...

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US- Africa collaboration targets deeper ties, LNG development

US- Africa collaboration targets deeper ties, LNG development

The United States (U.S.), is hoping to deepen ties with many African countries at this year’s Africa Oil Week, by leveraging its Prosper Africa Initiative and energy programme. Last December, the U.S. administration launched its Prosper Africa initiative with the ...

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Nigeria exports N90.33bn solid minerals in three years

Nigeria exports N90.33bn solid minerals in three

Solid minerals worth N90.33bn were exported between 2015 and 2017, the latest report by the Nigeria Extractive Industries Transparency Initiative has stated. An analysis of the report also showed that China emerged the biggest importer of Nigeria’s solid minerals in ...

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car dealers allege customs operating two duty regimes

Customs seek return of import tax on petroleum products

The Nigerian Automobile Association has alleged that there are two different regimes of duties being collected from them by the Nigeria Customs Service, a situation it says is against the rules of the World Trade Organisation. The group, in a ...

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Nigeria, Vietnam agree on visa waiver

Nigeria, Vietnam agree on visa waiver

Vice President Yemi Osinbajo on Wednesday at the State House Banquet Hall, Abuja, proposed a toast to the Socialist Republic of Vietnam and the Federal Republic of Nigeria. The vice president’s toast was proposed at a dinner organised in honour ...

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Arik Air not perfect fit for national carrier, says FG

Arik Air not perfect fit for national carrier, says FG

..As FEC approves N2.97bn for fencing, perimeter road for Port Harcourt airport The Federal Executive Council presided over by Vice President Yemi Osinbajo on Wednesday approved N2.97 billion for fencing and perimeter road for the Port- Harcourt International Airport. Minister ...

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AIB Commences Investigation On Bristow Helicopter’s Incident

The Accident Investigation Bureau (AIB) has commenced investigation following the serious incident involving a Sikorsky 92 aircraft operated by Bristow Helicopters, with registration marks, 5N-BOA . This was made known in a statement released by the spokesperson of the Bureau, ...

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Tin Can Customs Generates N287bn In 10 Months

Tin Can Customs Generates N287bn In 10 Months

Impounds 54 containers of contraband   Nigeria Customs Service (NCS) has generated approximately N287billion in 2019 at the Tin Can Island Customs Command, even as the Service impounded 54 containers of rice, unregistered pharmaceutical products, used tyres, used clothing and ...

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CBN approves N19bn for nine cotton plants’ revival …to recycle expired banknotes with N500m

CBN recorded $11.69bn forex inflow in Q3

The Central Bank of Nigeria has approved a fresh loan of N19.18bn to nine cotton producing firms with a view to retooling their processing plants. The apex bank has also set aside the sum of N500m to recycle old naira ...

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National Assembly passes oil production sharing contract bill

National Assembly passes oil production sharing contract bill

FG to cut crude production cost The House of Representatives on Tuesday concurred with the Senate by passing a bill amending the Offshore and Inland Basin Production Sharing Contract Act 2014. In an accelerated process, the House considered the bill ...

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NASS summons 17 oil firms over NDDC debts

NASS summons 17 oil firms over NDDC debts

The Joint National Assembly Committee on Niger Delta Development Commission on Tuesday summoned 17 oil companies over their alleged N72bn and $273m indebtedness to the agency. The Chairman of the NASS joint panel, Senator Peter Nwaoboshi, issued the summons at ...

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Dangote dismisses pipeline delivery of fuel

Dangote plans $60m cement plant in Togo

The oil refinery being built by Dangote Group will deliver its fuel to Nigerian consumers by road and seaports, and will effectively replace all of the country’s fuel imports once fully operational, an executive of the company has said. The ...

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Govs opposed bailout’s N162m monthly repayment plan — FG

Govs opposed bailout’s N162m monthly repayment plan — FG

The Federal Government said the 36 state governors on Tuesday kicked against its plan to extend the repayment period of its budget support to state governments from 20 to 30 years. It explained that the monthly repayment had reduced from ...

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Customs intercept 34 containers of rice at port

Customs intercept 34 containers of rice at port

The Nigeria Customs Service has announced the seizure of 34 containers of rice smuggled through the Tin Can Island port in Lagos. The Comptroller General of Customs, Hameed Ali (retd), disclosed this in Lagos on Tuesday. He said one of ...

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Exit Of Promise: Tears In Images

Maritime Sector To Honour Departed MMS First Lady With ‘Night of Tributes’

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OTL Africa: NNPC Debunks Competition With DAPPMAN

OTL Africa: Dangote Refinery Missing In New National Pipeline Architecture

By Kenneth Jukpor Following complaints that the Nigerian National Petroleum Corporation (NNPC) has become monopolistic in the downstream oil sector as sole distributor and importer of petroleum products, the Corporation has stated that it wasn’t in competition with Depots and Petroleum ...

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2019 OTL Africa: NOSDRA Considers Drone Surveillance For Pipelines

OTL Africa: Dangote Refinery Missing In New National Pipeline Architecture

By Kenneth Jukpor The National Oil Spill Detection and Response Agency (NOSDRA) has indicated interest to begin surveillance of pipelines in Nigeria using drones as part of efforts to curb pipeline vandalization.   The NOSDRA Director-General, Musa Idris made this ...

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Nigerian refineries processed no crude in one month

Nigerian refineries processed no crude in one month

The combined yield efficiency of Nigeria’s refineries has crashed to zero, the latest report on the performance of the facilities has shown. Nigeria’s refineries are the Warri Refining and Petrochemical Company, Kaduna Refining and Petrochemical Company, and Port Harcourt Refining ...

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Labour Ministry Assents Freight Forwarders’ Tax Waivers Demand

Labour Ministry Assents Freight Forwarders' Tax Waivers Demand

· Freight agents ponder approach to lobby National Assembly · POF can serve as viable incentive – NAGAFF · Techpreneurs jettison Nigeria following DSS, Police harassment By Kenneth Jukpor In order to dissipate the pangs of unemployment in the nation, the Ministry of ...

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How Nigeria Can Maintain ICAO Standards In Aviation Industry – Ismalia

How Nigeria Can Maintain ICAO Standards In Aviation Industry - Ismalia

By Okuneye Moysosola Dr. Danjuma Ismalia is the Director, Transport Research and Intelligence, Nigerian Institute of Transport Technology (NITT), Zaria. In this interview with MMS Plus, he talks about how to successfully manage an airport, while he gives tips on ...

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