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Only 75% Of Members Can Remove Me As NISA President   –  Labinjo

Only 75% Of Members Can Remove Me As NISA President   -  Labinjo

Capt. Dada Labinjo is the President of Nigeria Shipowners Association (NISA)  and a shipping magnet having owned and managed ships for many years. As a naval captain , he was also a navigator. Of late, things have not been too ...

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Crumbling Houses of Nigeria’s Freight Forwarding Associations

Crumbling Houses of Nigeria’s Freight Forwarding Associations

The Freight forwarding sub-sector of the maritime industry is again engrossed in intra and inter-associations crises of confidence that could erode the relative peace and achievements made in recent times. Known for their vociferation and cantankerousness, the fear pervading the ...

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Meritorious Mary

Meritorious Mary

Mrs Mary Akpobome, the Executive Director, Heritage Banking Company is the beautiful wife of the popular comedian Ali Baba. She is a well decorated banking veteran with several medals under her belt including the prestigious Certificate of Recognition by Nigeria ...

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Dwindling Oil Revenue: Shared income drops to N500.13bn

Dwindling Oil Revenue: Shared income drops to N500.13bn

The Federal government, states and local governments has shared N500.13 billion as revenue from the federation account for the month of January 2015. This is lower than the N580.38billion shared the previous month, as lower revenues from crude oil as well ...

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IOCs Tasked to Follow Operational Guidelines by NIMASA

NIMASA Redeploys Directors

International Oil Companies have been tasked to follow the new operational guidelines concerning the engagement of seafarers and dockworkers provided by the Cabotage Act by the Nigeria Maritime Administration and Safety Agency (NIMASA). The new guidelines which were disclosed to ...

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Egbin Power Plant Plans $180 Million Upgrade of Facility

Egbin Power Plant Plans $180 Million Upgrade of Facility

Mike Uzoigwe, the Chief Executive Officer (CEO) of Egbin Power Plc, says that the management of the electricity generating plant planned a $180million upgrade of the aging facility and sought more gas to boost output. According to him “Our plan this ...

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Here Comes The Visioner

Along Comes the Visioner!

A  Visioner is someone who converts imaginary and often difficult situations, circumstances, ideas and concepts to workable reality. This feat is an exclusive preserve of the highly articulate, highly creative and highly innovative individuals. Such individuals naturally accomplish what others ...

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Maritime Mafia Stunting Growth of the Sector-Agbakoba

Maritime Mafia Stunting Growth of the Sector-Agbakoba

Foremost maritime Lawyer, Olisa Abgakoba has revealed that there was a mafia group controlling the maritime industry in the country and their activities were not only selfish but slowing the growth of the sector. Speaking at a press briefing held ...

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WISTA Educates Maritime Women On Overcoming Career Challenges

WISTA Educates Maritime Women On Overcoming Career Challenges

Women in the maritime sector have been advised to put in their best in their various endeavours in order to be taken serious by their male counterparts which is the major hurdle they contend with in the industry. The advice ...

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Fuel Scarcity: Nigerian govt. to pay $30bn exchange rate differentials to marketers

Fuel Scarcity: Nigerian govt. to pay $30bn exchange rate differentials to marketers

The Minister of Finance, Ngozi Okonjo-Iweala, said on Wednesday that the Federal Government had agreed to pay 30 billion dollars foreign exchange differentials owed to oil marketers. Mrs. Okonjo-Iweala made this known on Wednesday in Abuja while briefing journalists after ...

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Oil marketers Receives $500m fresh LCs from Banks

CBN To Borrow N129bn Via Treasury Bills

Deposit banks in the country during the past one week have opened Letters of Credits  (LCs) worth $500 million for oil marketers to enable them import refined petroleum products to the country, with a directive from the Central Bank of ...

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Nigeria loses N433.62bn annually to oil theft – Navy

Nigeria loses N433.62bn annually to oil theft – Navy

The Nigerian Navy said on Tuesday that the country is losing about 100, 000 barrels of crude oil estimated at N1.18bn everyday to oil thieves who had taken advantage of the poor law enforcement presence on the nation’s territorial waters. ...

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Fuel Scarcity: NUPENG Urges Okonjo-Iweala To Intervene

Fuel queues return to Lagos, persist in Abuja, others …as oil workers begin strike today

The Nigeria Union of Petroleum and Natural Gas workers, NUPENG, on Monday in Abuja called on the Minister of Finance, Ngozi Okonjo-Iweala, to intervene in the current fuel crisis in the country. Isaac Aberare, the NUPENG General Secretary, told the ...

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FG Establishes Bank for SMEs

FG Establishes Bank for SMEs

Federal Government, Monday, disclosed that it had concluded plan to establish a bank for Small and Medium Enterprises (SME), just as it assured civil servants of prompt payment of February salary. The bank tagged; ‘Development Bank of Nigeria’ will assist the ...

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Nestle Nigeria slows capex as consumers feel devaluation pinch

Nestle Nigeria slows capex as consumers feel devaluation pinch

Nestle Nigeria’s chief executive (NESTLE.LG) expects the firm’s capital expenditure to slow to its lowest level in five years after a currency devaluation dampened customer spending in Africa’s biggest economy. Dharnesh Gordhon told the media that consumers in Africa’s most populous ...

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Nigeria hit by fuel shortage as marketers cut imports over unpaid subsidies

Nigeria hit by fuel shortage as marketers cut imports over unpaid subsidies

A fresh round of gasoline shortages has hit Nigeria as fuel importers drastically cut imports following the government’s delay in settle over Naira 264 billion ($1.41 billion) on debts owed on subsidies for previous imports. Moreover, Nigerian businesses, hard hit ...

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What The Aviation Industry Needs For Growth – SAHCOL

NACJ Awards Basil As Integrity Man Of The Year

Mr. Basil Agboarumi is the General Manager, Corporate Communications of the Skyway Aviation Handling Company Limited (SAHCOL). In this interview recently, he bares his mind on the activities of the aviation industry in the last one year, their challenges, his ...

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How To Make Nigeria A Ship Building Nation

How To Make Nigeria A Ship Building Nation

Chief Eugene Nweke is the National Association of Government Approved Freight Forwarders (NAGAFF). In this chat with The Verdict he was eloquent as ever on economic matters. Excerpts: What is the impact of government policies on the maritime sector last ...

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How To Make position Maritime sector In the Face of Oil Crisis—Folarin

Leadership: Comparative Advantage  Is Key

Otunba Kunle Folarin is the Chairman, Ports Consultative Council (PCC). In this interview; he assesses the maritime industry in the past year and the likely outlook of the present year, 2015. In his opinion, the maritime industry in the year ...

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Impressive Ibiye

Impressive Ibiye

Mrs Ibiye Asime Ekong is the Executive Director, Skye Bank Plc .This banking Amazon’s penchant for professionalism is highly acclaimed. She attended various banking  and management training courses  including the Strategic Management Program in banking and Advanced Managerial Program organized by ...

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