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Daily Archives: May 21, 2020

Wellhead Fire: NIMASA Dispatches Team To Investigate Incident

NIMASA Investigates Emergence Of Dead Fishes On Niger-Delta Coastline

The Nigerian Maritime Administration and Safety Agency (NIMASA) has sent an investigative team to unravel the circumstances surrounding a recent fire incident at a wellhead offshore Ondo State. The incident involved a barge belonging to Michharry and Company Nigeria Limited, ...

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FG To Prioritize Export, Processing, Enhanced Value Chain – Bello

Leadership: Comparative Advantage  Is Key

By Kenneth Jukpor In a bid to reposition Nigeria’s economy, the Federal Government is intensifying efforts to boost export and creating a value chain that that would refine the products before exporting. The Executive Secretary of Nigerian Shippers’ Council (NSC), ...

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Include ownership details in oil bid requirements — CSOs

Include ownership details in oil bid requirements — CSOs

Civil society organisations have asked the Federal Government to include the beneficial ownership details of bidders among the key requirements needed from those interested in the marginal oil licensing rounds. According to them, the disclosure of beneficial owners will promote ...

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NPA, others facilitate release of detained dockworkers

NPA, others facilitate release of detained dockworkers

The Maritime Workers Union of Nigeria has credited the Nigerian Ports Authority, the Nigerian Shippers’ Council, the Nigeria Labour Congress, the Nigeria Maritime Administration and Safety Agency and other stakeholders for the release of 20 dockworkers earlier detained by the ...

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Customs generate N117.8bn from Tin Can port

Customs generate N117.8bn from Tin Can port

The Tin-Can Island Port Command of the Nigeria Customs Service has generated N117.8bn between January and April 2020. According to a statement signed by the Public Relations Officer, NCS Tin Can Island Command, Uche Ejesieme, the revenue was achieved by ...

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Customs get nod to spend N623.7m on computers

Customs get nod to spend N623.7m on computers

The Federal Executive Council on Wednesday approved N623.7m for the Nigeria Customs Service to buy computers for its zonal and area commands. The council also approved N2.92bn for the construction of the Nigerian Oil and Gas Parks Scheme at Odukpani ...

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BDCs warn members against speculation, dollar exchanges N461/$

BDCs warn members against speculation, dollar exchanges N461/$

The Association of Bureaux De Change Operators of Nigeria has warned its members and forex speculators putting pressure on the naira to stop the practice or risk losing their money. This came as the dollar was on Wednesday exchanged for ...

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Nigeria’s LNG export revenue threatened as demand plunges

Price crash: NNPC targets $10 oil production cost

The crash in demand for liquefied natural gas in Europe has posed a threat to the Federal Government’s revenue from the exports of the commodity. The Nigeria LNG Limited, which was established to harness Nigeria’s vast natural gas resources and ...

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Edo, Ondo polls won’t be postponed from Sept, Oct –INEC

Edo, Ondo polls won’t be postponed from Sept, Oct –INEC

The Independent National Electoral Commission has ruled out shifting the date for the conduct of the governorship elections in Edo and Ondo states, scheduled for September 19 and October 10 2020, respectively. The commission also expressed determination to provide the ...

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Oshiomhole’s lawlessness will destroy APC, says deputy chairman

Oshiomhole’s lawlessness will destroy APC, says deputy chairman

The Deputy National Chairman (North), of the All Progressives Congress, Lawal Shuaibu, on Wednesday, warned that the party stood the risk of disintegration should the alleged arbitrariness of its National Chairman, Adams Oshiomhole, was left unchecked. He said with the ...

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