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Monthly Archives: May 2020

Nigerian Seafarers Development: Exploring Sustainable Strategies

Nigerian Seafarers Development: Exploring Sustainable Strategies

Nigerian Seafarers Development: Exploring Sustainable Strategies ₦200.00 Purchase

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Why NIMASA Is Structured To Fail – Akinsoji

Why Nigeria Isn't Ready For An Open Ship Registry – Akinsoji

Why NIMASA Is Structured To Fail – Akinsoji ₦200.00 Purchase

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Uncertainty Over Missing N65 Billion FAAN’s Fund

FAAN Plans Simulations On Facilitation, Physical Distancing At Airports

·  Aviation agencies not pre-enacted for merger ·  Diverse opinions trail Aviation Agencies’ management relocation By Kenneth Jukpor & Ayoola Olaitan The leadership of Federal Airports Authority of Nigeria (FAAN) has been nursing fears over the N65 billion unpaid revenue ...

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Addessing Flaws In Nigerian Aviation Laws

No Airline Authorised To Test-run Flights - NCAA

As we look forward to a future of boundless opportunities after the COVID-19 pandemic, there is need to reflect on how to strengthen the nation’s aviation laws, especially the Civil Aviation Act of 2006 act, to achieve a better regulatory ...

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Temilistic Temitope

Temilistic Temitope

Temitope Akin-Fadeyi is the Principal Manager, Development Finance Department, Central Bank of Nigeria (CBN). She was also Pioneer Head, Financial Inclusion Secretariat at CBN, where she led the implementation of the National Financial Inclusion Strategy (NFIS). Temitope has broad executive ...

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BEARS: Lagos T-Fare Hike

Managing Lagos T-Fare Hike

One would wonder if  transporters are humane with the recent hike in transportation cost in Lagos recently  despite crash in fuel prices. Most of the commuters paying this hiked fees are victims of slashed salaries and other tough economic pangs ...

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BULLS: Digitized MMS Plus

BULLS: Digitized MMS Plus

When digital transformation is done right, it’s like a caterpillar turning into a butterfly with beauty and characteristics of the latter far outweighing the former. MMS Plus has made this digital transformation by serving you a complete E-version of the weekly newspaper ...

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Demystifying The Complexities Of Customs Duty On Personal Effects

Leadership Review: How Ali Runs Customs With Over 11 Federal Squads, Alerts

By Musa Omale PhD On the 13th day of May 2020, a Federal High Court sitting in Abuja in the case of KehindeOgunwumiju vs. The Nigerian Customs ServiceBoard &anordeclared null and void the powers of the Nigeria Customs Service to collect duty ...

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Price crash: NNPC targets $10 oil production cost

Fuel consumption, smuggling gulp 54 million litres per day –NNPC

The Nigerian National Petroleum Corporation has said it is looking to drive down the cost of producing a barrel of crude oil to $10 and below in oilfields across the country. The Group Managing Director of the NNPC, Mallam Mele ...

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FG approves new health protocol for international flights

NCAA Lost 90% Revenue, Assures Bailout For Airlines - Nuhu

The Federal Government through the Ministry of Health has approved a new health protocol for Nigerian crew who operate flights outside the country. The Director General of the Nigerian Civil Aviation Authority, Capt. Musa Nuhu, in a circular to airlines, ...

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CBN forecasts slower growth, reduces lending rate to 12.5%

Currency in circulation dropped to N2.29tn, says CBN

The Monetary Policy Committee on Thursday said the lower growth recorded in the economy in first quarter of 2020 was expected to dip slightly but with combined monetary and fiscal stimulus, the country may avoid a recession. The CBN Governor, ...

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Manufacturers bemoan interstate lockdown, extortion

Job losses loom in beverage companies as production drops

Manufacturers of goods and products are complaining that the current interstate lockdown is adversely affecting the movement of goods from the production points to the various markets. The interstate lockdown is to prevent the spread of the coronavirus, especially for ...

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Power distributors sue FG over business interference

N1.8tn fund: We received only N58bn, say Discos

Electricity distribution companies have dragged the Federal Government to court to restrain it from further interfering in the corporate business activities of the power firms. According to the firms, the government, through the Nigerian Electricity Regulatory Commission and other agencies, ...

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Equity market records N29bn loss

Equity market records N29bn loss

Trading activities on the floor of the Nigerian Stock Exchange fell by 0.22 per cent on Thursday to halt its gaining streak as market speculators began profit-taking. Consequently, the All-Share Index dropped by 53.22 basis points or 0.22 per cent ...

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AMCON seeks fresh bailout for airlines

AMCON seeks fresh bailout for airlines

The Asset Management Corporation of Nigeria has called on the Federal Government to consider as a matter of top priority a bailout for the aviation industry. A statement from AMCON on Thursday said the call was made by the organisation’s ...

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Buhari writes National Assembly, seeks $5.5bn fresh loan

Buhari writes National Assembly, seeks $5.5bn fresh loan

The Senate on Thursday justified the $5.513 fresh external loan request from the President, Major General Muhammadu Buhari (retd.), insisting that it would not be a burden to the country. The National Assembly had in April this year approved N850bn ...

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Petrol marketers to gain N8.3bn on depot price reduction

Petrol marketers to gain N8.3bn on depot price reduction

Retail marketers of petrol are currently raking in billions of naira as findings on Wednesday showed that they would make over N8.3bn profit in May (this month) due to the recent reduction in the ex-depot price of the product. On ...

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I’ve never violated any process in AfDB — Adesina

I’ve never violated any process in AfDB — Adesina

African Development Bank President, Dr Akinwumi Adesina, has denied violating any process of the bank. Adesina, in a statement, said “the bank’s institutional framework was solid and efficient” and he stood by it. He insisted that he was innocent of ...

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CBN suspends intervention-loan repayment for one year

CBN suspends intervention-loan repayment for one year

The Central Bank of Nigeria has said it is giving one-year moratorium on all principal repayments for COVID-19 intervention loans through its participating Other Financial Institutions with effect from March 1, 2020. The apex bank said this in a circular ...

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Customs challenge ruling stopping duty on passengers baggage

Customs challenge ruling stopping duty on passengers baggage

The Nigeria Customs Service, on Wednesday, appealed against a ruling that it lacked the powers to collect import duty on items contained in passengers’ baggage. An Abuja Federal High Court, presided by John Tsoho, had on May 13, while ruling ...

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