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Monthly Archives: February 2020

Oro Youths Demand Oil Producing Status

IEA affirms OPEC’s concern on oil glut in 2020

Give A’Ibom Govt, IOCs 14 days ultimatum   By Sunny Edemenang – Uyo   Youths of Oro ethnic group have made a case for the immediate recognition of all the five local government areas of Oron, Mbo, Udung Uko, Okobo ...

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NPA MD Urges Staff To Develop Reading Culture

NPA MD Urges Staff To Develop Reading Culture

As Readers Forum launch maiden book By Kenneth Jukpor As part of efforts to improve operational efficiency of the members of staff at the Nigerian Ports Authority (NPA), the Managing Director, Ms. Hadiza Bala-Usman has admonished workers to imbibe a ...

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Why Nigerian NGOs Aren’t Compliant To Laws And Regulations – Ozolua

Why Nigerian NGOs Aren't Compliant To Laws And Regulations - Ozolua

By Kenneth Jukpor Princess Modupe Ozolua is the Special Adviser to the Deputy Senate President on Non-Government Organisations (NGOs) and Civil Society Organisations (CSOs). After a recent stakeholders consultation summit organized by the office of the Deputy Senate President in ...

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BULLS: NPA CoV-19 Ready

BULLS: NPA CoV-19 Ready

Few hours after the first incident of coronavirus was reported in Nigeria on Friday morning, the Medical Division of Nigerian Ports Authority (NPA) began temperature reporting, enforcing regular hand washing and distributed hand sanitizers to all employees. The medical team ...

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BEARS: Aniebonam’s Advert

Bears: Aniebonam's Advert

It’s not everyday you find someone who smokes cigarettes reveal it in a public fora, let alone while making an address in a formal event. It’s also less likely to catch anyone who has had the experience of smoking cigarettes ...

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Single Window: Can Osinbajo Harmonize Fragmented Platforms?

Single Window: Can Osinbajo Harmonize Fragmented Platforms?

By Kenneth Jukpor One of the biggest challenges facing Nigerian ports is the absence of a Single Window platform. Nigeria is the only country without this single-window platform in Africa. This has made cargo clearing process at Nigerian ports more ...

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How Nigerian Airlines Can Benefit From Operating International Routes

Air Travel Agencies Seek Interest Free Loans, Lament N180bn Loss

Nigeria loses a lot by having its airspace dominated by foreign carriers, which operate over 95 per cent of international flights. Specifically, the country losses huge forex, its training intuitions are under patronised and as a result the country does ...

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DMO Advises Public Sector On Debt Transparency

DMO Advises Public Sector On Debt Transparency

As concerns on growing debts of developing countries rise, it is important for public financial managers to be conversant with debt transparency and services among other issues. The Director-General, Debt Management Office, Patience Oniha, said this while making a presentation ...

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Ajaokuta-Kaduna-Kano Gas Pipeline Construction To Begin Q2

Nigeria consumed N2.64tn petrol in 13 months, says NNPC

The Nigerian National Petroleum Corporation has said it will commence the construction of the Ajaokuta-Kaduna-Kano gas pipeline in the second quarter of this year. The Group Managing Director, NNPC, Mallam Mele Kyari, who disclosed this in Lagos, said the construction ...

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We can’t invest in customer metering –Ikeja Disco

We can’t invest in customer metering –Ikeja Disco

Ikeja Electric, one of the nation’s power distribution companies, has said it can no longer invest in customer metering. The company said in a public notice on Thursday that it would not refund payments made by customers for the purchase ...

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Shipping lines may lose $1.7bn to Coronavirus – Report

BULLS: NPA CoV-19 Ready

A Copenhagen-based analysis company, Sea-Intelligence, has predicted that international shipping lines may lose $1.7bn in revenue following the impact of coronavirus outbreak on the international shipping sector. The research agency also suggested that Maersk Line could face the worst revenue ...

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Senate seeks end to gas flaring, laments N217bn loss

Reps suspend Buhari’s $22.79bn loan consideration indefinitely

Gas flare sites’ bidding ends April 10 – FG The Senate on Thursday lamented the nation’s huge revenue loss due to gas flaring and pledged to end the economic waste with an appropriate legislation. The red chamber took the decision ...

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FG orders forensic audit of Discos

FG orders forensic audit of Discos

•States remit N152m monthly to FG for bailout The National Economic Council on Thursday ordered a forensic audit of the electricity Distribution Companies in the country, particularly their bank accounts. The NEC meeting, which was chaired by Vice-President Yemi Osinbajo ...

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New initiatives will reduce time to market –SEC

New initiatives will reduce time to market –SEC

The Securities and Exchange Commission has said the number of initiatives it embarked upon to address time to market will promote ease of doing business. The acting Executive Commissioner Operations, Mr Isyaku Tilde, stated this at a meeting with issuers ...

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Nigerian Senate, Port Stakeholders To Develop SOPs For Clearing Charitable Items

Nigerian Senate, Port Stakeholders To Develop SOPs For Clearing Charitable Items

By Kenneth Jukpor As part of efforts to address the bottlenecks leading to delays in clearing charitable items at Nigerian ports, the Nigerian Senate and port stakeholders have initiated plans to develop a simple and efficient Standard Operating Procedure (SOP) ...

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Ijegun ports city to expand maritime capacity

Shipping Lines Introduce N19,000 Export Fee, Shippers Endorse Container Insurance

Plans are at advanced stage by the private sector to expand the maritime capacity in Lagos to the Ijegun waterfront to ease the lingering congestion being experienced at Apapa and TinCan Island ports. The new location, about 14 hectares (140,000sq ...

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My family sacrificed to bring me where I am now, says Saka

My family sacrificed to bring me where I am now, says Saka

Arsenal’s Hale End Academy product Bukayo Saka has revealed for the first time that his older sibling, Yomi Saka was an aspiring footballer at Premier League side Watford before opting to go to university instead of pursuing a professional career, ...

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Saka best young player in EPL – Lacazette

Saka best young player in EPL – Lacazette

Ahead of their Europa League round of 32-second leg clash against Olympiacos on Thursday (today), Arsenal striker, Alexander Lacazette, has declared wing-back, Bukayo Saka, as the team’s best young player this season. Saka has been an integral part of Mikel Arteta’s ...

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Dangote Cement reports N201bn profit after tax

Dangote Cement leads gainers to halt market downtrend

Dangote Cement Plc has posted a profit after tax of N200.521bn for the financial year ended December 31, 2019 as against a profit of N390.325bn posted in 2018, representing a drop of 48.63 per cent. Profit before tax stood at ...

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Reps lament charges on accounts, probe banks

Reps lament charges on accounts, probe banks

The House of Representatives has resolved to investigate the illegal and excessive charges imposed on account holders by Deposit Money Banks. The House, at the plenary on Wednesday, decried the deductions by commercial banks from its accounts. It therefore resolved ...

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