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Daily Archives: May 11, 2020

Lockdown: NAHCO, SAHCO Insist On Zero Demurrage Waivers

Managing NACHO, SAHCO War

…direct freight forwarders to FAAN, NCAA   By Kenneth Jukpor & Ayoola Olaitan   The Nigerian Aviation Handling Company (NAHCO) Plc and Skyway Aviation Handling Company (SAHCO) have insisted that there will be no waivers on demurrage charges for goods ...

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Integrated payment system saved N361bn despite opposition, says FG

Integrated payment system saved N361bn despite opposition, says FG

The Office of the Accountant-General of the Federation on Sunday said the Integrated Payroll and Personnel Information System had saved over N361bn for the Federal Government despite opposition and sabotage from some quarters. Created in 2007, the IPPIS secretariat is ...

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Nigerian households spent N2tn on fuel, electricity in 2019 –NBS

Nigerian households spent N2tn on fuel, electricity in 2019 –NBS

Households in Nigeria spent a total of N2.02tn on fuel and electricity in 2019, the National Bureau of Statistics has said. The NBS said in a new report on consumption expenditure pattern that household expenditure on fuel/light accounted for 11.57 ...

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Emefiele assures foreign investors of funds transfer

Emefiele assures foreign investors of funds transfer

The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, has assured investors of the security of their investments in the country despite dwindling revenue from the sale of crude oil globally. A statement by the CBN on Sunday quoted Emefiele ...

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CBN gives medical firms conditions to access N100bn loans

10,000 Kogi workers to benefit from CBN agribusiness scheme

To access the N100bn loans provided by the Central Bank of Nigeria for firms in the healthcare sector, a corporate entity must submit its application to a participating financial institution which could be either a Deposit Money Bank or a ...

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Refineries produced no petrol in eight months – NNPC

FG refineries suffer N19bn loss in two months

No drop of petrol or kerosene was produced by any of the refineries under the management of the Nigerian National Petroleum Corporation for eight straight months. Latest figures released by the NNPC on refined white products (petrol and kerosene) from ...

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