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2024 Budget: Government’s Revenue Projection Not Realistic -Chukwu

Chukwu The Federal Government recently presented N27.5triilion as 2024 budget to the nation with mixed reactions arising therefrom. It was tagged government of “Renewed Hope” but many analysts are still searching for where the hope is embedded in the expenditure …

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BEARS: Wike Finds Food In VP

PDP’s day of reckoning coming, says Wike

Wike The Minister of the FCT, Nysom Wike  plans to spend N15 billion for the construction of a befitting residence” for the vice president as contained in the 2023 supplementary budget.  The same project which had the initial budget of N5billion before …

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BULLS: Rabiu’s  Apolitical Model

Rabiu The Chairman of BUA Group, Abdul Samad Rabiu, deserves immeasurable applause for declining his appointment to a standing committee of the All Progressives Congress(APC) on Finance. The decision has been largely criticized as some experts believe being partisan will …

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The Fall Of Warri And Lessons For Lagos, Others

FG blames seaport congestion on absence of dry ports

The increasing dislike for other ethnic groups by some Yoruba indigenes in Lagos State is becoming a thing of serious concern among other tribes, especially the Igbo globally. This has sparked a gradual movement and relocation to the South- East …

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Embrace Tech, Ex-Shippers Council Boss Urges Freight Forwarders

Hassan Bello, Shall-Holma Bag National Award

Former Executive Secretary of Nigerian Shippers’ Council (NSC), Mr. Hassan Bello The former Executive Secretary and Chief Executive Officer of the Nigerian Shippers Council, Hassan Bello, had urged freight forwarders and licensed customs agents to embrace technology to ensure growth …

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NEITI, Oil Producers Partner On Transparency, Accountability

Anti-corruption agencies may recover IOCs $6.4bn debt – NEITI

The Nigeria Extractive Industries Transparency Initiative and the Oil Producers Trade Section, have met with oil firms and miners over how to enhance transparency and accountability in the nation’s oil and gas and solid minerals sectors. Convened in Lagos by …

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Seplat, Insurance Stocks Drive Equity Market N132bn Gain

Stocks investors record N136bn loss in one week

Trading Floor of NSE The Nigerian Exchange Limited rebounded on Wednesday as the market capitalisation gained N132bn driven by appreciation in the share values of Seplat Energy (+10 per cent), Meyer Plc (+9.79 per cent), Sunu Assurance (+9.56 per cent), …

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Ogun Seeks OPS Funding For Olokola Deep Seaport

The Ogun State Government and the Organised Private Sector have concluded plans to sign a Memorandum of Understanding for the construction of the Olokola Deep Seaport located in Ogun Waterside Local Government Area of the state. Ogun State Governor, Dapo …

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Norway’s Equinor Sells 20% Stake In Chevron Agbami Field

Norway’s Equinor has concluded the sale of its 20.21 per cent stake in Chevron’s operated Agbami oil field. Equinor said on Wednesday that it had agreed to sell its share in the Agbami oil field to Nigerian-owned Chappal Energies for …

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UK Looks To Doubling Trade Volume With Nigeria

Jonny Baxter, British Deputy High Commissioner in Lagos, during an interview with the News Agency of Nigeria in Lagos, on Thursday, Aug. 31, 2023. Atelly emerges as NBCC president The British deputy high commissioner to Nigeria, Jonny Baxter, said the United …

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LASTOC Vows To End Challenges Facing Cargo Trucking

The newly-formed Lagos State Truck and Cargo Operators Committee (LASTOC) has vowed to rescue the collapsing trucking business from the menace of extortion and high-handedness of unscrupulous elements killing haulage and cargo logistics businesses in the state. The Chairman of …

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Nigeria To Achieve Port Automation, Integration Before 2025, Says NPA

Deputy Alternate Permanent Representative to International Maritime Organisation (IMO), London, William Bwala (left); Minister of Transportation, Adegboyega Oyetola; Managing Director, Nigerian Ports Authority (NPA), Mohammed Bello-Koko; Alternate Permanent Representative (APR) of Nigeria at IMO, Mumuni Drissu and Technical Adviser, IMO …

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SAL Fights Dirty, Alleges Shippers’ Council’s Manipulation Over APMT’s  N13bn Refund

*Nigeria opts out of 2023 IMO’s council election *Seeks supports for 2025 bid * NPA Port Community System Will Support Blue Economy Potentials – Bello-Koko The Board of Trustees and the Executive of Shippers’ Association of Lagos State(SAL) have been fighting …

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Ifycilouce Ify

Dr. Ifeyinwa  Irene Nwankwesi  the Executive Director, Healthy Living Services and Director, Business Development, Fymak Group.     Dr. is a graduate of medicine from the University of Ibadan in Nigeria. She prides herself as an integrative medicine, cell – revitalization, …

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Why We Can’t Have Cost-Reflective Tariff Now- Dr. Amadi

 Dr. Sam Amadi is the former Chairman and Chief Executive Officer(CEO) of Nigerian Electricity Regulatory Commission(NERC) and the President of Nigerian Consumer Protection Network, Mr. Kunle Olubiyo were guests on Arise TV where they shared their thoughts on the state …

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Customs CG Pledges Welfare Boost For Retired Management Team

In a momentous gathering at the Customs Corporate Headquarters in Abuja on Saturday, 25 November 2023, retired Management Team members of the Nigeria Customs Service celebrated a shared legacy of diligence and commitment. Comptroller-General Adewale Adeniyi , in a heartfelt …

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Nigeria To Seek Election Into IMO Council In 2025

Nigeria’s Minister of Marine and Blue Economy, Adegboyega Oyetola has restated the commitment of President Bola Ahmed Tinubu’s administration to reposition the nation’s maritime sector in line with its agenda for economic growth and development.  He disclosed that his ministry …

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Why Nigeria-Benin Regional Integration Agreement Hasn’t Take Off–Bomodi

Timi Bomodi The Customs Area Controller(CAC), Seme Customs Command, Compt. Timi Bomodi has said that differences in the Customs processes and procedures of the Nigeria Customs Service(NCS) and the Customs Service of Benin-Republic is the reason for the delay in …

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Diette-Spiff Appointed Chancellor Of Maritime University, Okerenkoko

President Bola Ahmed Tinubu has appointed the Amanyanabo of Twon Brass Kingdom of Bayelsa State, His Eminence, King Alfred Papapreye Diette-Spiff, Seriya II, as Chancellor of the Nigeria Maritime University (NMU), located in Okerenkoko, in Warri South-West Local Government Area …

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NISA Mulls Waiver Clause Removal In Cabotage Act

Sola Adewumi, President, NISA Nigerian Indigenous Shipowners Association(NISA) has called for the elimination of waivers in the nation’s inland shipping regime called cabotage as one of the multi-faceted ways to bolster the opportunities for the Nigerian shipowners as well as …

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