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Daily Archives: February 8, 2020

NSC, ICC Enter Partnership To Sensitize Stakeholders On Incoterms

NSC, ICC Enter Partnership To Sensitize Stakeholders On Incoterms

As part of efforts to ensure maritime operators are abreast with International Commercial Terms (incoterms) relating with international laws, the Nigerian Shippers’ Council (NSC) has entered partnership with the International Chamber of Commerce (ICC) for the sensitization of stakeholders on ...

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ANLCA BOT Get CAC Registration, Seek Fresh Six Year Tenure

ANLCA BOT Get CAC Registration, Seek Fresh Six Year Tenure

This is the joke of the century – ANLCA National Secretary By Kenneth Jukpor After regularizing its registration at the Corporate Affairs Commission (CAC), the Board of Trustees (BOT) of the Association of Nigerian Licensed Customs Agents (ANLCA) anticipation of ...

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Awesome Anastasia

Awesome Anastasia

Mrs. Anastasia Gbem is the Legal Adviser to the Nigerian Airspace  Management Agency (NAMA). She is responsible for advising the Governing Board of Directors, management and staff on all legal matters involving the entire operations of the agency. Prior to this, ...

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Non-Oil Export Earnings Fall By 37.8%

Non-Oil Export Earnings Fall By 37.8%

Earnings from non-oil exporters fell by 37.8 per cent in the last quarter of 2019, the Central Bank of Nigeria disclosed in the 2019 fourth quarter report on non-oil export earnings by exporters. The total non-oil export earnings received through ...

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External Debt Servicing Gulps $1.08bn In Nine Months — DMO

External Debt Servicing Gulps $1.08bn In Nine Months — DMO

The Federal Government spent a total of $1.08bn (N400.90bn) on external debt servicing between January and September 2019. Data obtained from the Debt Management Office revealed that in the nine-month period, $279.63m (N103.46bn) was paid to multilateral sources such as ...

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Foreign Reserves Dropped By $4.47bn In 2019 –CBN

Foreign Reserves Dropped By $4.47bn In 2019 –CBN

Nigeria’s external reserves recorded a decline of $4.47bn from $42.54bn as of the beginning of 2019 to $38.07bn as of the end of December. The $4.47bn, according to data obtained from the Central Bank of Nigeria, represents a decline of ...

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Nigeria Sees Rig Count Dip By 3 As OPEC Records Plus 12

Nigeria Sees Rig Count Dip By 3 As OPEC Records Plus 12

Nigeria’s rig count declined by three last December, 2019, having recorded 17 as against 20 recorded in November, at a time the Organisation of Petroleum Exporting Countries, OPEC, had an impressive plus 12, while world rig count increased by one, ...

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Nigeria’s Oil Reform Bill To Be Drafted From Scratch, To Pass This Year – Senate President

Nigeria’s Oil Reform Bill To Be Drafted From Scratch, To Pass This Year – Senate President

Nigeria’s legislature has begun consulting with the president to draft “from scratch” a bill overhauling the nation’s petroleum sector and will aim to pass it by the end of 2020, the Senate president has said. The government of Africa’s largest ...

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DPR Unveils Initiative To Digitise Downstream Operations

DPR Launches Guidelines For Nigeria’s Upstream Sector

The Department of Petroleum Resources has launched its digitisation initiative for downstream operations under what it called the Automated Downstream System programme. The DPR said the initiative was designed to improve overall efficiency and accelerate its downstream regulatory performance by ...

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Nigeria Clings To Loss-Making Refineries As Angola Targets New Fids From SONANGOL Sale

Nigeria Clings To Loss-Making Refineries As Angola Targets New Fids From SONANGOL Sale

Government reforms in Africa’s second largest producer, Angola’s oil sector including the targeted part-privatisation of its national oil company, SONANGOL by 2022, is already yielding positive results, as new investments are expected to be witnessed in the sector.  While many ...

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Factors To Consider When Establishing An Airplane Hangar

Factors To Consider When Establishing An Airplane Hangar

Although airplane hangars have been around since the dawn of flight, the hangars of today are more complicated and costly than ever before. Numerous technological advancements, shortened project schedule requirements, and increased regulatory oversight have made the management of a ...

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IMO Low Sulphur Rule: Freight Cost May Outweigh Hazards – Nwabunike

IMO Low Sulphur Rule: Freight Cost May Outweigh Hazards - Nwabunike

By Kenneth Jukpor Hon. Tony Iju Nwabunike is the President of the Association of Nigeria Licensed Customs Agents (ANLCA). In this interview with MMS Plus newspaper, he bares his mind on the myriad of challenges at Nigerian ports, unveils his ...

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