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Lagos State: Living In Bondage

Lagos State: Living In Bondage

It is barely a month now that the All Progressives Congress (APC) won the presidential ticket to rule the country in the next four years as well as in Lagos State. This is the first time the party at the ...

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BEARS: N50k Bribe For OC

BEARS: Golden Toilets

A truck carrying charcoal was forced to empty it contents on the suspicion of concealing contraband rice at an illegal customs check point at Seme- Lagos road. Bears thumbs down this Customs Officer from FOU Zone‘A’, who collected N50,000 from ...

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FOU Refutes Claims of Hinterland Patrol

FOU Refutes Claims of Hinterland Patrol

The Federal Operations Unit (FOU), Zone ‘A’ of the Nigeria Customs Service (NCS) had refuted all claims of unrelenting Customs patrol contrary to the directive given by the Comptroller General of Customs (CGC) Abdullahi Dikko Inde in a circular to ...

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Cargo Delay At The Ports: Whose Fault?

Cargo Delay At The Ports: Whose Fault?

There have been several stakeholders’ meetings at different fora to analyze the causative factors leading to delay in cargo clearance, cumbersome processes in payment system, ambiguity in declaration as well as other social issues like harassment of port users by ...

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Passing PIB Without Re-Draft Counter-Productive – LCCI

Passing PIB Without Re-Draft Counter-Products - LCCI

The Petroleum Industrial Bill (PIB) which has been with the National Assembly over a decade now was drafted with the circumstances of the time in mind. As a result, experts believe that the bill has to be re-drafted to suit ...

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Crude oil prices edge above Nigeria’s 2015 benchmark

Crude oil prices edge above Nigeria’s 2015 benchmark

Oil prices steadied around $62 a barrel on Wednesday, edging higher than Nigeria’s 2015 benchmark price of $52 per barrel as adopted by the National Assembly. Oil prices have dropped by more than 60 per cent between June 2014 and ...

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Why Airlines Hardly Break-Even – Olajide, Airpeace Boss

Why Airlines Hardly Break-Even - Olajide, Airpeace Boss

Air Peace Ltd, a new entrant in the aviation industry, has already airlifted over 60,000 passengers within the three months of its operations. And, with her many years of experience in banking and aviation services, Managing Director and Chief Operating Officer ...

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CBN Orders Bank to Disclose Bad Debtors

Cash Shortage Hits Banks As TSA Deadline Expires

The Central Bank of Nigeria (CBN) has ordered banks to publish lists of individuals and companies with non-performing loans to curb a rise in bad debt as the industry stumbles amid low oil prices. CBN has “observed the rising trend of ...

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House of Reps Passes 2015 Budget As Oil Subsidy Totally Removed

House of Reps Passes 2015 Budget As Oil Subsidy Totally Removed

The House of Reps has cut off the funding for oil subsidy as it passed the N4.493 trillion budget for 2015 yesterday. Controversy was sparked up over the approval of the budget due to the lack of a provision for ...

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Curb in Foreign Currency Hurting Banks, Says FCMB Boss

Curb in Foreign Currency Hurting Banks, Says FCMB Boss

The First City Monument Bank Nigerian (FCMB) Limited has said restrictions in foreign-currency trading are the biggest risk to banks in Africa’s largest economy as they struggle against a slump in oil prices and a weak naira. “What we clearly ...

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APC’s Government Oil Policy To Focus On Reforms

Buhari To Sack, Md, NNPC, Others

Oil firms keen to know how Nigeria’s president elect Muhammadu Buhari plans to tax them could be waiting a long time as he makes ending corruption and reforming the opaque national oil company his most urgent sector priorities. Four party ...

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Subsidy debt: Marketers may halt petrol importation

Fuel Scarcity Looms As FG Seeks To Swap More Oil

Petroleum product marketers under the aegis of Major Oil Marketers Association of Nigeria have warned of a looming scarcity of fuel following the inability of the Federal Government to pay the subsidy arrears for the importation of Premium Motor Spirit. ...

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There are opportunities in this hard time – Nwagbara

There are opportunities in this hard time - Nwagbara

Barr. Emmanuel Nwagbara is a maritime lawyer and the Secretary of the Planning Committee of Nigeria Maritime Expo (NIMAREX) 2015. In this chat with Emeka  Chukwuaku, he x-rays the  benefits of NIMAREX to the economy , talks about the reasons ...

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Local Content Opportunities In Oil & Gas Industry By Emeka Ene

Local Content Opportunities In Oil & Gas Industry By Emeka Ene

I will be speaking on what I have called – “Khaki-no-be-Leda” which in Nigerian english means, “Khaki is not leather”, and roughly translates to – “things are not as they seem”. I intend to address as briefly as possible, three ...

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Emefiele Proposes Sale Of JVs With IOCs

Emefiele Proposes Sale Of JVs With IOCs

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has proposed that the incoming government to be led by Major-General Muhammadu Buhari (rtd) consider selling down its majority stakes in joint ventures with multinational oil companies to ...

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Expert seeks FG’s increased Interest in the Aviation sector

Expert seeks FG’s increased Interest in the Aviation sector

An aviation expert, Mr Kolawole Olayinka, thursday last week in Lagos said the Nigerian aviation sector impact on the economy was not being adequately maximised. Olayinka, who is the British Airways, West Africa Regional Commercial Manager, made the assertion in ...

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Making Nigerian Airlines Profitable

Making Nigerian Airlines Profitable

There are key factors that retard the growth of airlines in Nigeria. One is the high cost of maintaining their aircraft overseas; two is that majority of their technical staff are expatriates so they pay hugely for their remuneration; three ...

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Remembering Chibok Girls One Year After

Remembering Chibok Girls One Year After

Exactly a year ago, about 300 school girls were abducted from their dormitories in chibok, Borno State by the dreaded sect Boko Haram. There were clamourings and protests from almost every part of the world to bring back the girls. ...

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Angelic Angela

Angelic Angela

Ms. Angela Aneke Nwabuoku serves as an Executive Director of Global Products and Segment Banking for UBA Plc.She is a  Non-Executive Director of United Bank for Africa Plc since July 2010 until 2013. She holds board positions in UBA Liberia, ...

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FOREIGN SHIPPING FIRMS, TERMINAL OPERATORS LOBBY CBN OVER CAPITAL FLIGHT

Cash Shortage Hits Banks As TSA Deadline Expires

Port users, professionals condemn STOAN’s attack on NSC Boss Worried by the huge profile of illegal repatriation of funds by the foreign shipping firms under the platform of Shipping Association of Nigeria (SAN) and some foreign terminal operators, the Central ...

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