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Bulker Spot Market Set for New Year Fall

Bulker Spot Market Set for New Year Fall

The dry bulk market, which posted more positive freight rates in October, is set to plummet by January 2018 with the largest drop expected to come from Capesize earnings. According to Maritime Strategies International, iron ore imports to China remain the ...

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CTN Will Curb Arms Smuggling— NSC Boss

CTN Will Curb Arms Smuggling--- NSC Boss

The Executive Secretary, Nigerian Shippers’ Council (NSC), Barr Hassan Bello has tipped the Advanced Cargo Tracking Note   (CTN) to  address the issue of illegal arms importation as well as other forms of smuggling into the country which endangers the nation and ...

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COFFHA Seeks Partners In Poverty Alleviation Projects

COFFHA Seeks Partners In Poverty Alleviation Projects

The Committee of Friends for Humanity (COFFHA) has appealed to individuals and corporate organizations to partner with it in its effort to build an Empowerment Centre for widows and other numerous good gestures for the less privileged individuals in the ...

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NAGAFF Blames NPA For Eastern Ports Neglect

NAGAFF Blames NPA For Eastern Ports Neglect

The National Association of Government Approved Freight Forwarders (NAGAFF)  has blamed the Nigeria Ports Authority (NPA) managing director, Ms Hadiza Bala Usman for not taking responsibility for the under-utilization of Eastern and South South Ports, MMS Plus reports. NAGAFF in ...

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Apapa Logjam: Testing The Potency Of NPA’s Latest Policy

Apapa Logjam: Testing The Potency Of NPA’s Latest Policy

By Oyeniyi Iwakun “eeeeeeeh…..! Mr. Man, what do you think you are doing? You think you can try rubbish with me because you are wearing military uniform? No way,” An averagely tall-dark skinned driver screamed as he alighted from his ...

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NIMASA Opposes 1% Levy for Naval Operations

NIMASA Opposes 1% Levy for Naval Operations

The Nigerian Maritime Administration and Safety Agency (NIMASA ) monday opposed a one per cent levy by the Nigerian Navy to the National Assembly to strengthen its operation in safeguarding the country’s territorial waters for commercial activities. Speaking at a ...

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AI: Investigate Shell for Complicity in Murder, Rape and Torture in Ogoni

AI: Investigate Shell for Complicity in Murder, Rape and Torture in Ogoni

Amnesty International (AI) has called on the governments of Nigeria, United Kingdom and the Netherlands to launch criminal investigations into Shell’s role in what it described as horrific crimes committed by the Nigerian military in Ogoniland in the 1990s. The ...

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Prepare for Higher Electricity Tariffs, Osinbajo Tells Nigerians

Prepare for Higher Electricity Tariffs, Osinbajo Tells Nigerians

Vice President Yemi Osinbajo monday asked Nigerians to brace up for inevitable higher electricity tariffs. “There is no question at all that we must pay higher tariffs,” he said. Osinbajo who made this remark while addresing the quarterly business forum ...

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Ogbeh: Rice Importation from Thailand Has Dropped to 20,000 MT

Ogbeh: Rice Importation from Thailand Has Dropped to 20,000 MT

Nigeria has drastically cut the volume of its rice shipments from Thailand to 20,000 metric tonnes from 644,000 mt it was importing by September 2015, the Minister of Agriculture, Chief Audu Ogbeh, said. He made this disclosure at the weekend ...

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Capital Importation Rises by 147.5% in Q3 on Soaring Investor Confidence

Adeosun: Offshore Tax Havens, Avoidance Schemes Not Illegal

Lagos accounts for lion share of capital inflows With attractive yields on treasury bills proving to be a major magnate, the total value of capital imported into the country in the third quarter (Q3) of 2017 more than doubled, rising ...

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Oil Revenue Has Exceeded 2017 Budget Benchmark by 18%, Says NNPC

OPTS: Costs of Nigeria’s Oil and Gas Projects Higher By 100%

Defends 2018 price, production target. The Nigerian National Petroleum Corporation (NNPC) has stated that oil revenue in the first ten months of the year has exceed the 2017 budget oil benchmark of $44.50 per barrel by 18 per cent, revealing ...

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Clear Workers’ Salaries Before Christmas, Buhari Challenges Governors

Clear Workers’ Salaries Before Christmas, Buhari Challenges Governors

President Muhammadu Buhari monday challenged the governors of the 36 states of the federation to pay up all salaries and arrears they owe their workers this festive season so they can have a befitting Christmas. Buhari threw the challenge while ...

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Ufere And Friends Reaching Out To Humanity

Committee of Friends for Humanity (COFFA) marked its twenty-five years anniversary in style last week, even as they rolled out plans to touch more lives. Enjoy the photographs:

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Banks, telcos to bar accounts, GSM lines linked to fraud

CBN Plans Revival of Moribund Manufacturing Companies with N500bn

The Central Bank of Nigeria in collaboration with the Nigerian Communications Commission is developing a legal framework that will enable banks and telecommunications companies to ban owners of any bank account or the Global System for Mobile Communications line traced ...

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NNPC to name core investor for Benue biofuel project

NNPC to name core investor for Benue biofuel project

The Nigerian National Petroleum Corporation said on Sunday that it would soon name a core investor for the proposed biofuel plant in the Agasha Guma area of Benue State. The Group Managing Director, NNPC, Maikanti Baru, said arrangements had been ...

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CBN sacked bank directors over non-performing loans – NDIC

CBN Injects $14.2bn into FX Market in Nine Months

IFRS 9 commences January 1 A number of bank directors have been fired by the Central Bank of Nigeria following cases of insider abuse relating to non-performing loans, it has been learnt. Specifically, the banking sector regulators, the CBN and ...

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Unemployment Reaching Dangerous Dimension in Nigeria, Says Niger Gov

Unemployment Reaching Dangerous Dimension in Nigeria, Says Niger Gov

The Niger State Governor, Alhaji Sani Bello, has raised the alarm that only 50 out of every 250,000 graduates across the country secure employment after their National Youth Service Corps (NYSC) year. The governor said the unemployment rate in the ...

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Unemployment: Ekweremadu Urges FG, States to Invest in Vocational Training Programmes

Unemployment: Ekweremadu Urges FG, States to Invest in Vocational Training Programmes

Irked by the increasing rate of unemployment in the country, the Deputy Senate President Ike Ekweremadu at the weekend in Enugu asked the federal and state governments to invest in vocational training and skill acquisition programmes in order to meaningfully ...

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FG Reviews Tax Profiles of Companies with Major Payments from 2012

SEC to Resume Oando Forensic Audit from Wednesday

Identifies 500 Nigerians with offshore property and trusts Deploys 1,700 tax officers in 33 states. In a bid to give further impetus to its tax drive under the Voluntary Assets and Income Declaration Scheme (VAIDS), the federal government has begun ...

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FG Pays N164.7m Tuition Fees for Chibok Girls

FG Pays N164.7m Tuition Fees for Chibok Girls

The federal government at the weekend approved the payment of N164.8 million as the second semester school fees at the American University of Nigeria (AUN) in Yola for the 106 Chibok girls released by Boko Haram. A statement by the ...

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