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CBN Retains Interest Rate at 13% Harmonises CRR at 31%

FG Downgrades Economic Growth Projections To 2.6%

Desirous of stimulating financial market liquidity and spur economic growth, the Central Bank of Nigeria’s (CBN’s) monetary policy committee (MPC) on Tuesday  harmonised both the private sector and public sector cash reserve requirements (CRR) at 31 per cent. Previously, while ...

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Inside NIMASA: 4 Years Heart of Darkness 2

Inside NIMASA: 4 Years Heart of Darkness 2

Impunity and consequences In continuation with last week’s edition of Inside NIMASA: 4 Years Heart of Darkness, impunity is a plaque President Goodluck Jonathan’s government will ever remember as a sour point in its leadership. And so were and are many ...

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Back To The Old Way?

Back To The Old Way?

The government of Lagos state has again done another wonder as they cleared the road of the petroleum tankers that have constituted nightmare on the road since last year thereby rendering the road impassable. The forty eight hours ultimatum given ...

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Revealed! Five Years After: Why Omatseye, Ex-NIMASA DG Was Removed

Revealed! Five Years After, Why Omatseye Was Removed

How AGF Plotted His Suspension I Left N52 Billion In Fixed Deposit Account – Omatseye A former Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Temisan Omatseye has opened can of worms as he defends himself in ...

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Rudiments Of Importing Goods Into Nigeria

Rudiments Of Importing Goods Into Nigeria

In this week’s edition of your education page, Rev. Jonathan Nicol, the President, Shippers Association of Lagos State (SALS) tutors you on what shipping entails, the things you require to become a shipper, the benefits of joining shippers association among ...

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BEARS: Tight security

BEARS: Golden Toilets

The security at the Nigeria Custom Service (NCS), FOU zone ‘A’ is tighter than Aso Rock Villa security, with two ‘checkpoints’ where you are subjected to series of question and answer sessions by different customs operatives (God help you if ...

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Nigeria loses N5tn annually to oil theft, others

Chevron, Others Lost 160m Barrels To Crude Theft- NEITI

The Chairman and Chief Executive Officer, Nigerco Nigeria Limited, Mr. Yabagi Sani, on Wednesday called on the incoming administration of Muhammadu Buhari, to come up with policies that would help save the country annual operational losses of $25bn (about N5tn) ...

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Declare State Of Emergency On Oil Sector, PENGASSAN Urges Buhari

Declare State Of Emergency On Oil Sector, PENGASSAN Urges Buhari

The Petroleum and Natural Gas Senior Staff Association of Nigeria has called on the incoming administration of Muhammadu Buhari to declare a state of emergency in the country’s oil and gas sector on assumption of office if the myriad of ...

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 NAFFAC Challenges FAAN in Court

 NAFFAC Challenges FAAN in Court

The Nigerian Association of Air Freight Forwarders and Consolidators (NAFFAC) has continued to challenge the numerous charges levied against its members by the Federal Airport Authority of Nigeria (FAAN), through the Federal High Court in Lagos. In a suit before ...

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Power Generation Drops To 2,000MW – FG

Power Generation Drops To 2,000MW - FG

The country is currently generating about 2,000 megawatts of electricity, down from over 4,000MW recorded early last month, the Federal Government has said. It also revealed that though power generation was a meagre 2,000MW; that was enough gas to produce ...

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Government Active Participation Necessary in Shipping

Government Active Participation Necessary in Shipping

Without government active participation in the maritime industry it will be difficult for ship owners without a sea going vessel to remain in business to develop indigenous capacity said the Chief Executive Officer (CEO). Peter Maritime Consulting Services, Sir Peter ...

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Aviation Union Urges President-elect to Appoint Aviator as Minister

Former Ministers Stole, Sold Crude Oil - Buhari

The National Association of Air Transport Employees NUATE has called on the President- elect Muhammadu Buhari to appoint aviator as the next Aviation Minister in order to stop the attitude of cutting corners and to move the industry forward. In ...

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Nigeria To Undergo EITI Oil, Gas, Mining Validation – NEITI

Infrastructure: FG to strengthen PPP contracts

The Nigerian Extractive Industries Transparency Initiative (NEITI) says Nigeria will undergo a validation test of the Extractive Industries Transparency Initiative (EITI) on oil, gas and mining sectors. The Executive Secretary of NEITI, Mrs Zainab Ahmed, announced this at a pre-validation ...

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2 Foreign Ships Arrested Over Cabotage Breaches

2 Foreign Ships Arrested Over Cabotage Breaches

Levy Collection Allegation Smears Operation Aminu’s NISA disclaims Ogbuagu as DG Minister Grants Only 5 Waivers in 12 Years Two foreign flagged vessels have been handed over to the Nigerian Maritime Administration and Safety Agency (NIMASA) by the Nigeria Shipowners ...

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Molu VS Brt

Molu VS Brt

Before the advent of the BRT buses that were brought into Lagos by the state government, the most popular means of transportation for the middle and lower class citizens were the long buses also known as “Molue.” For what it ...

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BULLS: NSITF on the Move Again

BULLS: Congrats Aisha & Obiageli

Investigations by Bulls reveals that it took uncommon zeal, tenacity and foresight on the part of the Board of Directors of the Nigerian Social Insurance Trust Fund (NSITF), led by Dr. Mrs. Ngozi Olejeme to turn around the fund which ...

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How Insurance Can Shield The Risks In The Maritime Business

How Insurance Can Shield The Risks In The Maritime Business

Mr. Adu Gbolahan is a staff of LASACO Assurance PLC, he has been involved in the maritime industry in the last five years as a member of the Nigerian Maritime Expo (NIMAREX), Planning Committee and he is also the Welfare ...

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CRFFN Practitioners’ Fees: What Is ANLCA Up To?

CRFFN Practitioners’ Fees: What Is ANLCA Up To?

The once rosy relationship among the various freight forwarding associations in the maritime environment may soon go sour as the Association of Nigerian Licensed Customs Agents (ANLCA) has through the leadership of the association directed its members to the recent ...

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FEC APPROVES NIGERIA MARITIME UNIVERSITY

FEC APPROVES NIGERIA MARITIME UNIVERSITY

The Federal Executive Council (FEC) has on Wednesday last week approved the commencement of academic activities in the Nigeria Maritime University (NMU) as the first full-fledged maritime university in West Africa. The announcement was made by the Hon. Minister of ...

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Crude oil crash: NLNG records 30 per cent decline in revenue

Crude oil crash: NLNG records 30 per cent decline in revenue

The Deputy Managing Director of Nigeria Liquefied Natural Gas (NLNG), Mr Isa Inuwa, said in Abuja that the company’s operations had been negatively affected by the low crude oil price. Inuwa said this on Thursday last week in Abuja at ...

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