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Nigeria’s sluggish economy in web of subsidy conundrum

Nigeria’s sluggish economy in web of subsidy conundrum

The nation’s economy, no doubt, has become a classical case of abused entity, literally going through the pains of maladministration, mismanagement of its resources, secret and underhand dealings, but mostly plundered and exploited. Unfortunately, it is still hostage to the ...

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Apapa Extortion: Navy Finds Over N100 Million In Officer’s Account

Apapa Extortion: Navy Finds Over N100 Million In Officer’s Account

* Buhari’s Principal Aide, Rear Admirals get settlements * Chief of Naval Staff Reshuffles 32 Rear Admirals The leadership of the Nigerian Navy has been stunned after allegedly finding over a hundred million Naira in the bank account of an ...

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Shippers’ Council Begins Investigation On Grimaldi Over Demurrage Charges

Shippers’ Council Begins Investigation On Grimaldi Over Demurrage Charges

The Nigerian Shippers’ Council (NSC) has started investigating Grimaldi Shipping Line over reports of excessive charges and withholding other consignments of freight forwarding companies who have any pending demurrage on a different transaction. This development comes on the heels of ...

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Bayelsa Airport To Commence Commercial Flights In Two Months

Bayelsa Airport To Commence Commercial Flights In Two Months

BAYELSA State-owned newly built International Cargo/Passenger Airport will commence commercial flight operations in about two months. Governor Seriake Dickson made the disclosure in Yenagoa when he hosted the Air Officer Commanding Mobility Command, Yenagoa, Air Vice Marshall Uburufih Peter-Uzezi and ...

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New BASL Communication Head Resigns

New BASL Communication Head Resigns

After the picketing of Bi-Courtney Aviation Services Limited (BASL), operators of Murtala Muhammed Airport Two (MMA2), Lagos in October last year by various aviation unions, several staff has resigned while others sacked. Some months ago, the Chief Security Officer (CSO), ...

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Customs Train 40 Officers To Combat Smuggling On Waterways

Customs Train 40 Officers To Combat Smuggling On Waterways

The Nigeria Customs Service (NCS) has boosted the activities of its marine command with the just concluded training of forty officers to intensify efforts at curtailing smuggling through the waterways. The Customs Area Controller (CAC) of the Western Marine Command ...

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Q1: Tin Can Island Port Receives 213 Ships, Records 6.7m Tonnage

Q1: Tin Can Island Port Receives 213 Ships, Records 6.7m Tonnage

According to statistics from the Nigerian Ports Authority (NPA), within the first quarter of 2019 two hundred and thirteen (213) ships with a tonnage of six million seven hundred and seventy-eight thousand three hundred of ninety-seven (6,778,397) with a cargo ...

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NPA Board Members Decry Poor State Of Port Access Roads

NPA Board Members Decry Poor State Of Port Access Roads

The perennial traffic gridlock on the roads leading to the seaports in Apapa and Tin-Can Island have received more attention from the members of the Board of Directors of the Nigerian Ports Authority (NPA) who have frowned at the situation. ...

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Arik Air’s Return To International Routes Affected By Debts

Arik Air’s Return To International Routes Affected By Debts

Chief Executive Officer of Ari k Air, Capt. Roy Ilegbodu, says the huge debt incurred by the airline’s former management has prevented the airline from operating the international routes. Ilegbodu made the disclosure while receiving the 54th president of the ...

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Sirika Urges Member States To Adopt SAATM

Sirika Urges Member States To Adopt SAATM

Nigeria’s Minister of State for Aviation, Sen. Hadi Sirika has called on states to adopt the Single African Air Transport Market (SAATM) to strengthen air transport liberalization in the continent.  Sirika disclosed this on his twitter handle @hadisirika at the ...

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‘Slowing world trade dents shipping outlook’

‘Slowing world trade dents shipping outlook’

Rising project cargo traffic is set to push multipurpose and heavylift shipping rates up during 2019, but prospects thereafter are muted by an expected slowdown in world trade. According to the shipping consultancy Drewry, the uncertainty surrounding trade demand is ...

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Bad roads, gridlock threaten ports operations

Bad roads, gridlock threaten ports operations

Notwithstanding the approval of the contract for the construction of the port access roads, operators said the situation is still posing a threat to lives and operations at the nation’s busiest seaports in Lagos. The access road leading to the ...

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FAAN threatens To Withdraw Services Of Airports

FAAN threatens To Withdraw Services Of Airports

The Federal Airports Authority of Nigeria (FAAN) said it has concluded plans to withdraw security and aerodrome rescue as well as fire fighting services to some state/private airports over huge debts owed it. According to the standards and recommended practices ...

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Port Concession: BPE, ICRC Brawl Stalls Review Of Concession Agreement

  NPA urged to quit terminal operators’ functions, charges By Kenneth Jukpor The ongoing review of the port concession agreement has been stalled following the power tussle between the Bureau of Public Enterprises (BPE) and Infrastructure Concession Regulatory Commission (ICRC) ...

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NPA Reiterates Commitment To Guarantee Business Friendly Port Environs

How Customs Aids Smuggling At Nigerian Border Posts

The Nigerian Ports Authority (NPA) has reassured port stakeholders that the organization is working tirelessly to ensure that the ports environment is business friendly to encourage investments and allow seamless operations at the ports. The General Manager, Corporate and Strategic ...

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CRFFN Commends Customs For Streamlining Taskforce Units At Ports

CRFFN Commends Customs For Streamlining Taskforce Units At Ports

The Registrar of the Council for the Regulation of Freight Forwarding in Nigeria, CRFFN Barrister Samuel Nwakohu has commended the strides and efforts of the Nigeria Customs Service (NCS) to entrench sanity in the nations Ports in order to guarantee ...

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Customs Officers Decry Inadequate Accommodation At Seme Border

Customs Train 40 Officers To Combat Smuggling On Waterways

* As four, five officers share single rooms By Kenneth Jukpor Officers of the Nigeria Customs Service (NCS) have lamented over the limited accommodation provision at the Seme border command where four or more officers are made to share one ...

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SIFAX Group Launches New Financial Services Subsidiary

SIFAX Group Launches New Financial Services Subsidiary

·  Appoints Abitoye as General Manager SIFAX Group has launched a new subsidiary, Sky Capital and Financial Allied International Limited, as part of efforts to take full advantage of emerging opportunities in the financial sector in the country and across ...

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Virgin Atlantic unveils state-of-the-art A350-1000 aircraft

Virgin Atlantic unveils state-of-the-art A350-1000 aircraft

Virgin Atlantic, yesterday, in London, unveiled a state-of-the-art cabin for its new Airbus A350-1000 aircraft. The business class section, which Virgin Atlantic calls, “Upper Class”, features brand new suites, and a “social space” called “The Loft”.The carrier operates bars on all ...

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‘15 agencies, task force units intercept, clear cargoes at ports’

Port Concession: BPE, ICRC Brawl Stalls Review Of Concession Agreement

Despite government’s agenda on ease of doing business, the organised private sector (OPS), has said the practice of having multiple units of the Nigeria Customs Service (NCS), alongside other officially approved agencies, getting involved in cargo interception and clearance processes ...

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