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Daily Archives: May 22, 2020

Amaechi Inaugurates NIMASA Board, Prioritizes Deep Blue Project

Amaechi Inaugurates NIMASA Board, Prioritizes Deep Blue Project

The Minister of Transportation, Rt. Hon. Chibuike Rotimi Amaechi has inaugurated the Board of the Nigerian Maritime Administration and Safety Agency (NIMASA) on Thursday in Abuja, with a charge to the members to speed up completion of the Deep Blue ...

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APFFLON Writes Senate President Over Ground Handling Charges For Lockdown

By Kenneth Jukpor Freight agents under the aegis of Africa Association of Professional Freight Forwarders and Logistics on Nigeria (APFFLON) have written to the Senate President to lament ground handling companies’ demurrage charges for the lockdown period. The letter titled; ...

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Customs seize Indian hemp worth N1bn

Customs seize Indian hemp worth N1bn

The Nigerian Customs Service, Western Marine Command, says it seized various contraband goods worth N1.06bn in the first quarter of 2020. The largest chunk of goods seized by the command within the quarter was the haul of Indian hemp worth N1bn. The Comptroller of the command, Olugboyega Peters, said this was the highest value of goods seized by the command since it was created.

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Inflation hit two-year high at 12.34% in April –NBS

Nigeria’s GDP rose by 1.87% in Q1 – NBS

The consumer price index, which measures the rate of inflation in Nigeria, increased by 12.34 per cent (year-on-year) in April 2020. According to the Consumer Price Index April 2020 report released by the National Bureau of Statistics on Thursday, the ...

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We’re still consulting on revised budget — Finance minister

We’re still consulting on revised budget — Finance minister

The Minister of Finance, Budget and National Planning, Zainab Ahmed, on Thursday met with the leaders of some key committees of the National Assembly to get their input for the revised 2020 budget. The budget is still being put together ...

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Don’t run parallel management, Amaechi tells NPA board

Don’t run parallel management, Amaechi tells NPA board

The Federal Government on Thursday inaugurated the governing board of the Nigerian Ports Authority. The Minister of Transportation, Rotimi Amaechi, who inaugurated the board in a controlled ceremony in Abuja, charged members of the team not to run a parallel ...

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FG begins sale of N150bn Sukuk bond

FG begins sale of N150bn Sukuk bond

The Federal Government on Thursday commenced the sale of N150bn seven-year Sukuk bond offer meant for the development of road infrastructure in different parts of the country. The Debt Management Office disclosed this on its website adding that the offer ...

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N10tn spent on fuel subsidy in 15 years – Marketers

N10tn spent on fuel subsidy in 15 years – Marketers

The Federal Government has spent about N10n subsidising petroleum products in the last 15 years, the Major Oil Marketers Association of Nigeria has said. MOMAN and other stakeholders, including the Depot and Petroleum Products Marketers Association of Nigeria and the ...

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