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Stakeholders urge swift action on cargo scanners

Stakeholders urge swift action on cargo scanners

Sequel to the Nigerian Customs Service (NCS) submission that new cargo scanners would arrive in Nigeria by next year, stakeholders in the sector have called for swift action by the Federal Government to ensure that the timeline is sacrosanct. Irked ...

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Trucks, tankers barred from roads in Lagos

Trucks, tankers barred from roads in Lagos

Truckers and Petroleum tankers have been barred from parking indiscriminately on Lagos roads, has the stakeholders, in a fresh resolution declared that all tankers, trailers and trucks should remain in truck terminals outside the state. The stakeholders, including the Nigerian ...

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C&I Leasing seals deal to increase shipping fleet

C&I Leasing seals deal to increase shipping fleet

C&I Leasing Plc has sealed an agreement with the officials of Damen Shipyard and Export Credit Agency for the Netherlands, Atradius DSB. Chief Financial Officer, C&I Leasing Plc, Alex Mbakogu, who confirmed this in a statement, said the agency would ...

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FG Voids NPA, Intels Pilotage Agreement

FG Voids NPA, Intels Pilotage Agreement

• Says contract was illegal ab initio The federal government has directed the Nigerian Ports Authority (NPA) to terminate the boats pilotage monitoring and supervision agreement that the agency has with Intels Nigeria Limited, a leading integrated logistics and facilities ...

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President asks N’Assembly to approve $5.5bn foreign loans

FG Steps up Efforts to Repatriate $321m from Switzerland

President Muhammadu Buhari has written to both chambers of the National Assembly, seeking approval for $5.5bn external borrowing to be used to finance the 2017 Appropriation Act. In the letter dated October 4, 2017, which President of the Senate, Bukola ...

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Kachikwu, Baru meet, agree on NNPC without political interference

Kachikwu, Baru meet, agree on NNPC without political interference

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu; and Group Managing Director, Nigerian National Petroleum Corporation, Dr. Maikanti Baru, met on Tuesday for the first since their disagreement broke out and agreed on one thing – a petroleum ...

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FG may ask MDAs to buy local products at higher prices

FG may ask MDAs to buy local products at higher prices

The Federal Government may direct its Ministries, Departments and Agencies to purchase locally made products even at prices up to 35 per cent higher than foreign products. This followed a proposal sent to the Federal Government by the Manufacturers Association ...

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Sell Discos to new investors, Elumelu tells FG

Sell Discos to new investors, Elumelu tells FG

The Chairman, United Bank for Africa Plc and Transnational Corporation Plc, Mr. Tony Elumelu, has asked the Federal Government to take another look at the power sector by wresting ownership from incompetent private operators and sell the firms to new ...

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We’re using recovered looted funds to finance 2017 budget – Buhari

We’re using recovered looted funds to finance 2017 budget – Buhari

The Federal Government is using part of the funds recovered from those who looted the treasury to finance the 2017 budget, President Muhammadu Buhari has said. Buhari, who spoke at the 22nd Annual Conference of the Association of National Accountants ...

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IMF raises concerns over weakness in Nigerian banks

IMF raises concerns over weakness in Nigerian banks

The International Monetary Fund on Tuesday expressed concerns over weaknesses in Nigerian banks and said that the situation might weigh on economic growth in the medium term. The IMF stated this in its World Economic Outlook report, which was released ...

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Ensure best practices by companies, ICSAN tells SEC

Ensure best practices by companies, ICSAN tells SEC

The Institute of Chartered Secretaries and Administrators of Nigeria has asked the Securities and Exchange Commission and the Nigerian Stock Exchange to map out measures that will ensure best practices by listed companies. The ICSAN stated this at its 2017 ...

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Ogun Customs Uncovers Smugglers Hideouts

Ogun Customs Uncovers Smugglers Hideouts

By Oyeniyi Iwakun In pursuance of its agenda to suppress smuggling and facilitate trade, The Nigerian Customs Service (NCS), Ogun State Command has announced the discovery of some smugglers hideouts in the Ogun forests and impounded eleven assorted vehicles with ...

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NNPC appointment: Agbakoba sues FG for ‘discriminating’ against S’East

NNPC appointment: Agbakoba sues FG for ‘discriminating’ against S’East

A former president of the Nigerian Bar Association, Dr. Olisa Agbakoba (SAN), has sued the Federal Government for allegedly discriminating against the South-East geopolitical zone in its July 5, 2016 appointment into the board of the Nigerian National Petroleum Corporation. ...

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Collect N40bn electricity debts from states, FG charges Discos

Collect N40bn electricity debts from states, FG charges Discos

The Federal Government on Monday charged electricity distribution companies to engage state governments in order to collect the outstanding electricity debt amounting to about N40bn owed by the Ministries, Departments and Agencies of the various state and local governments. It ...

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EFCC charges oil marketers with N7.8bn fraud

EFCC charges oil marketers with N7.8bn fraud

The Economic and Financial Crimes Commission on Monday arraigned two oil marketers and their firms for an alleged fraud of N7.8bn. The defendants – Ogbor Eliot; Godwin Okoronkwo; Danium Energy Services Ltd.; and Petrosol Energy Ltd. – were arraigned on ...

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50 million Nigerians have no electricity, says Osinbajo

N-Power: FG To Employ Additional 300,000 Graduates

Vice President Yemi Osinbajo on Monday said 50 million people out of the nation’s 180 million population have no access to electricity. “Nigeria’s 180 million people, over 50 million have no power,” Osinbajo said in his keynote address at the Financial ...

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Again, CBN Injects $195m into Forex Market

CBN Plans Revival of Moribund Manufacturing Companies with N500bn

The Central Bank of Nigeria (CBN) on Monday continued its intervention in the interbank foreign exchange (forex) market with the injection of $195 million. Figures released by the central bank showed that it offered the total sum of $100 million ...

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Gracious Grace

Gracious Grace

Senator Grace Folashade Bent represented the Southern Adamawa senatorial district in the Senate between 2007 and 2011. Grace is one of the Board of Trustees (BoT) members of Women in Logistics and Transport (WiLAT). She is someone who believes in ...

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2017 African Legal Awards: Nigerian Wins Attorney Of The Year

2017 African Legal Awards: Nigerian Wins Attorney Of The Year

A young Nigerian Attorney, Adaku Ufere has won the “Attorney of the Year” in the 2017 edition of the African Legal Awards. Adaku Ufere is the youngest ever, and first Nigerian winner of the Attorney of the Year award. She ...

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Men and Women with ‘Liver’

Men and Women with ‘Liver’

The Organising Committee for 2017 MMS Hall of Fame induction, conference and awards ceremony was recently inaugurated and charged to move and deliver impactful success. They have since commenced work.   Copyright MMS Plus. All rights reserved. This material, and other digital ...

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