African Development Bank Group President, Dr Akinwumi Adesina, has warned that a new EU carbon border tax could significantly constrain Africa’s trade and industrialisation progress by penalising value-added exports including steel, cement, iron, aluminium and fertilizers. While addressing delegates at …
Read More »
Duties payable on imported goods at Nigerian ports have gone up following the hike in the exchange rate for cargo clearance by the Federal Government through the Central Bank of Nigeria. Media reports that the exchange rate for payment of …
Read More »
Nigeria recorded $11.11bn aggregate foreign exchange inflow in July and August, figures obtained from the Central Bank of Nigeria revealed. According to figures obtained from the CBN’s August economic report on foreign exchange flows through the economy, August’s figure rose …
Read More »
The first crude feedstock for Dangote’s 650,000 b/d refinery has arrived the country, according to SP Global quoting market sources and tanker tracking data. The analytical firm said the development indicated that fuel production at the new $19 billion facility …
Read More »
At least five multinationals have winded down operations in Nigeria in the last 10 months, an analysis of separate notices filed by the firms has shown. On Wednesday, Consumer goods giant Procter & Gambles said it would dissolve on-ground operations …
Read More »
The Director-General of the World Trade Organisation Ngozi Okonjo-Iweala, has been listed on Forbes’ 100 Most Powerful Women list. According to Forbes’ 20th annual ranking released on Tuesday, the Nigerian economist held the 87th spot, while South African businesswoman Mpumi …
Read More »
Banks have been asked to disconnect Switches, Payment Solution Service Providers, and Super Agents from the Nigeria Inter-Bank Settlement System Instant Payment Outwards System. The NIBSS disclosed this in a circular dated December 5, 2023, with Ref: NIBSS/BD/NI/PO/005/051223 to banks. …
Read More »
The Permanent Secretary of Ministry of Marine and Blue Economy, Dr. Magdalene Ajani has articulated where the World Bank could come in with its expertise and experience from working with some coastal countries to help develop needed structures of the …
Read More »
Controller FOU Zone A, DC Ejibunu addressing the press on seizures FOU Zone A seizes nine trailer loads of rice, 13 tokunbo cars As the season’s rush and anxiety take tool on consumers this yuletide, Nigeria Customs Service(NCS) has waged …
Read More »
From left: Managing Director, Lekki Port LFTZ Enterprises Limited, promoters of Lekki Deep Sea Port, Mr. Du-Ruogang and the Executive Secretary and Chief Executive Officer, Nigerian Shippers’ Council(NSC), Barr. Pius Akutah during a courtesy visit by the management of the …
Read More »
The Assistant Inspector-General of Police (AIG), Maritime Police Command, Lagos, AIG Olofu, Adetutu Rhoda last week received a delegation from the Nigerian Shippers’ Council led by Mr. Sarumi Adesina, Deputy Director Monitoring and Enforcement on behalf of the Executive Secretary, Pius Akutah. …
Read More »
The Port Terminal Multi-services Limited (PTML) Command of Nigeria Customs Service(NCS) has collected a total N234,340,789,594 as revenue as at November 30,2023, This is an increase over the November 2022 collection of N213,405,461,873 by N20,935,327,721 which represents a 9.8 percent …
Read More »
The Comptroller-General of the Nigeria Customs Service (NCS), Adewale Adeniyi has inaugurated boards of Service’s companies. As a result,Assistant Comptroller General, A.O Alajogun, Dappa-Williams; Ibrahim Alfa and Compt. Kamal Muhammed have been announced as the chairpersons of the service’s companies. In a press …
Read More »
Deputy Governor of Lagos State, His Excellency Obafemi Hamzat (Left) in a hand shake with Managing Director/CEO Nigerian Ports Authority, Mohammed Bello Koko, whilst Permanent Secretary Federal Ministry of Marine & Blue Economy, Dr. Magdalene Ajani (Middle) on the sidelines …
Read More »
The League of Maritime Editors (LOME) has received the confirmation that the Honourable Minister of Marine and Blue Economy, H.E. Adegboyega Oyetola will attend its 25th anniversary celebration which will hold in Lagos on December 7. Officials of the Ministry …
Read More »
MD, NPA, Bello-Koko The Nigerian Ports Authority (NPA) says INTELS Nigeria Ltd. has waived $193 million as part of a deliberate and conscious effort to resolve the stalemate on the pilotage contract with the Federal Government under the last administration. …
Read More »
Shipping agents under the Nigerian Ports Authority (NPA) berthing committee at Apapa and Tin Can ports in a group photograph with the leadership of Mission to Seafarers (MTS) Lagos, when the shipping agents came a courtesy visit to the MTS Lagos …
Read More »
Nigerians were alarmed with the news that N13.8 billion out of N27.5 trillion was budgeted for the remuneration of former Presidents and heads of states as well as the vice-presidents. This is obviously part of the recurrent expenditure profile in …
Read More »
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 …
Read More »
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 …
Read More »
MMS PLUS NG – Maritime, Aviation, Business, Oil and Gas News Online Newspaper with coverage in Maritime, Oil and Gas, Aviation, Power and Energy as well as Financial News
