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SIFAX Group Appoints New Executive Director ‘Compliance’

SIFAX Group Appoints New Executive Director ‘Compliance’

SIFAX Group, a multinational corporation with diverse interests in Maritime, Aviation, Haulage & Logistics, Oil & Gas and Hospitality, has appointed Mariam Abiola Afolabi as its new Group Executive Director, Compliance. Mariam Afolabi, a Solicitor and Advocate of the Nigerian ...

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NNPC Slides into Loss after Six Months of Profit

NNPC Slides into Loss after Six Months of Profit

The August 2018 edition of the monthly financial and operations report of the Nigerian National Petroleum Corporation (NNPC) released Thursday indicated that after about six months of recording back-to-back profit on its operations, the corporation slid back to loss-making with ...

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Don’t Delay Minimum Wage Bill, Labour Tells Buhari

Don’t Delay Minimum Wage Bill, Labour Tells Buhari

Threatens resumption of hostility Presidency insists no figure has been approved The organised labour Thursday asked President Muhammadu Buhari to send to the National Assembly, without any delay, a bill fixing N30,000 as national minimum wage or risk resumption of ...

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CBN, MTN Reach Tentative Agreement on $8bn Fines

CBN, MTN Reach Tentative Agreement on $8bn Fines

Meets telecoms’ banks today FG plans London road show on $2.8bn Eurobond The Central Bank of Nigeria (CBN) and telecoms giant, MTN, have reached a tentative agreement on the $8 billion fines the apex bank imposed on the Nigerian subsidiary ...

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Australian firm to explore lead, zinc in Bauchi, Nasarawa

Australian firm to explore lead, zinc in Bauchi,Nasarawa

An Australian company, Symbol Mining/Goidal Resources, is currently developing an open pit mine for exploration of Lead-Zinc deposits in Bauchi and Nasarawa states.Minister of State, Mines and Steel Development, Abubakar Bwari, who disclosed this on Monday at Nigeria-Canada Investment Summit ...

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Experts differ on unusual purchase of Zenith Bank shares

Financial instituion silent on N6.88 billion sale Insinuations that a possible entry of a new investor, big enough to acquire a seat on the board of Zenith Bank Plc, given the quantum of transactions executed on its shares on Wednesday, ...

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Kachikwu: Nigeria’s Oil Output Hits 2.2mbpd Early 2019

Kachikwu: Nigeria’s Oil Output Hits 2.2mbpd Early 2019

Crude oil rebounds to $73 over Russia, Saudi output cut talks Nigeria’s oil production is set for a timely boost, climbing to around 2.2 million barrels per day (mbd) by early 2019 with the start-up of the giant 200,000 barrels ...

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Ecobank offers zero Fees on international transfers with the Rapidtransfer App

Ecobank offers zero Fees on international transfers with the Rapidtransfer App

Ecobank Nigeria has introduced zero fees for all transfers done into Nigeria on its newly launched Rapidtransfer app. The bank’s Managing Director, Patrick Akinwuntan, who announced this in Lagos said “Ecobank is poised to ensure Nigerians in the diaspora get ...

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AMCON Amendment Bill ready soon, say Reps

AMCON Amendment Bill ready soon, say Reps

Efforts to empower the Asset Management Corporation of Nigeria (AMCON) in its debts recovery efforts got a lift on Tuesday, as the Amendment Bill to give it a little bite will soon be presented before the lawmakers for the third ...

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Paucity of funds pushes refineries’ maintenance to 2020

Paucity of funds pushes refineries’ maintenance to 2020

• Nigeria makes $470m from oil, gas exports State-owned refineries are to be revived in 2020 after financing talks dragged on. “It is not likely to happen by the end of 2019 because the financing talks for the joint ventures ...

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Tax institute strengthens ties with ICPC, FRC over evasion, reporting

Tax institute strengthens ties with ICPC, FRC over evasion, reporting

Commission (ICPC) and the Chartered Institute of Taxation of Nigeria (CITN) have strengthened their ties with the signing of a Memorandum of Understanding to collaborate on training of officers of the commission. The signing of the MoU, which was effected at ...

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Nigeria faults U.S. on rice importation report

Nigeria faults U.S. on rice importation report

The Federal Government has faulted a report credited to the United States Department of Agriculture, World Markets and Trade where Nigeria was said to have imported three million metric tonnes of rice this year. Specifically, the document had stated that ...

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‘Oil could hit $100/barrel if supply crunch worsens’

‘Oil could hit $100/barrel if supply crunch worsens’

An average price of $80 a barrel for this quarter is “realistic,” with spikes to $90 or even $100 possible if further disruptions worsen a supply crunch amid rising consumption, Citi’s Global Head of Commodities Research, Ed Morse, said Tuesday. ...

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NPA pursues ISO 9001 certification

NPA pursues ISO 9001 certification

The Managing Director, Nigerian Port Authority (NPA), Hadiza Bala Usman, has expressed commitment to achieving the ISO 9001 & OHSAS 18001 certification, with a view to accelerating efficiency in the system. Usman has, therefore, issued a 90-day ultimatum to the ...

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3RD GOVERNING COUNCIL OF THE CRFFN: A CONGRATULATORY MESSAGE

3RD GOVERNING COUNCIL OF THE CRFFN: A CONGRATULATORY MESSAGE

At first the news trailing the emergence of Col.Abubakar Tsanni (Rtd) as the 3rd Governing Council Chairman of the Council for the Regulations Freight Forwarding in Nigeria(CRFFN) and Chief Henry Njoku was not received with any iota of rude shock, ...

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MAN Collaborates With Shippers’ Council As FG Revisits CTN

BULLS: Exemplary Leadership

By Kenneth Jukpor Manufacturers Association of Nigeria (MAN) has expressed commitment to work with the Nigerian Shippers’ Council (NSC) as the Federal Government revives plans to implement the International Cargo Tracking Note (CTN) regime. Both institutions reached this agreement when ...

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Relief for Nigerians as Labour suspends strike

Relief for Nigerians as Labour suspends strike

The Nigeria Labour Congress (NLC) and the Federal Government yesterday succeeded in averting what could have been a complete lockdown of the economy over the disagreement on minimum wage for workers. The protracted negotiation between the government and the workers’ ...

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South West governors seek FG’s help on Apapa port gridlock

South West governors seek FG’s help on Apapa port gridlock

• Buhari restates commitment to transport, power infrastructure The Southwest Governors’ Forum has expressed concern on economic and security challenges posed by gridlock in the Apapa port and urged the Federal Government to create alternative routes.The forum said the planned ...

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Dockworkers action to shut 34 vessels out of Lagos ports

Dockworkers action to shut 34 vessels out of Lagos ports

About 34 vessels expected at seaports across the country, particularly in Lagos, may be impeded by dockworkers’ strike.This was contained in the Shipping Position issued yesterday by the Nigerian Ports Authority (NPA). It revealed that many of the vessels are ...

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Mrs. Lizzy Ovbude: Shame To Death

Mrs. Lizzy Ovbude: Shame To Death

Death invaded our territory on November 1st 2018 and claimed one of our most dependable and industrious Hall of Famers, Mrs  Elizabeth Ovbude, who until her death was  the Managing Director of Port and Terminals  Operators Nigeria Limited(PTOL),operators of Rivers Port in ...

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