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Daily Archives: June 26, 2020

International Day Against Drug Abuse: 7 Million Nigerians Affected – NDLEA

International Day against Drug Abuse: Over 7million Nigerians Affected – NDLEA

By Kenneth Jukpor As the world marks 2020 International Day against Drug Abuse and Illicit Trafficking today, the National Drug Law Enforcement Agency (NDLEA) has urged Nigerians to eschew drug abuse and trafficking which already affects over 7 million Nigerians. ...

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Customs generate N573bn in five months

Customs generate N573bn in five months

The Senate on Thursday asked the Nigerian Customs Service to exceed its N957bn revenue target contained in the revised 2020 budget by blocking all revenue leakages. The marching order from the red chamber came following the disclosure by the NCS ...

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NAMA, workers’ unions in faceoff over pay cut

NAMA, workers’ unions in faceoff over pay cut

A fresh crisis is brewing at the Nigerian Airspace Management Agency (NAMA), over alleged plans to cut workers’ salary for the month of June. The workers’ unions, who got wind of the plans, have written a memo to NAMA management ...

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Nigeria’s exports to China, India, others hit N1.87tn

Why Scanners, Single Window Challenges Will Linger Beyond 2020

Commodity exports from Nigeria to China, India, Spain, Netherlands and South Africa in the first quarter of this year hit N1.87tn, the National Bureau of Statistics has said. The NBS disclosed this in its Commodity Price Indices Terms of Trade ...

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Business operators lack trust in economy – CBN report

Business operators lack trust in economy – CBN report

Business operators in different sectors showed a lack of trust in the economy in June, a new report by the Central Bank of Nigeria showed on Thursday. The CBN’s Statistics Department’ disclosed this in its ‘June 2020 business expectations survey’, ...

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‘Over-subscription of N150b Sukuk confirms NSE’S absorptive capacity’

‘Over-subscription of N150b Sukuk confirms NSE’S absorptive capacity’

Stockbrokers at the Nigerian Stock Exchange (NSE), have described the recent oversubscription of the Sukuk Ijarsh, as a confirmation of the market’s absorptive capacity, urging the Federal Government to float more fixed income securities to finance infrastructure deficit. Recently, the ...

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FG to announce flight resumption date next week

FG to announce flight resumption date next week

The Federal Government on Thursday said it would announce the date for the reopening of Nigeria’s airspace to commercial flight operations next week. It stated that the airports remained shut as some gaps in the aviation restart process had not ...

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6 million households await meters as DisCos braces for new electricity tariff

6 million households await meters as DisCos braces for new electricity tariff

Despite unmet metering gaps to over six million customers/households, some electricity Distribution Companies (DisCos) have begun to inform customers that tariff will rise from July 1, following approval from the regulator and the Nigerian Government. With over six million Nigerian ...

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Customs CG, DCGs Should Be Sacked For Incompetence – Farinto

Customs CG, DCGs Should Be Sacked For Incompetence - Farinto

By Kenneth Jukpor Vice President of the Association of Nigeria Licensed Customs Agents (ANLCA), Dr. Kayode Farinto has called for the sack of the Comptroller General of the Nigeria Customs Service (NCS), Col. Hammed Ali (Rtd) and the current managerial ...

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Ocean Deep Services Donate PPE, Food Items To Seafarers At Continental Shipyard

Ocean Deep Services Donate PPE, Food Items To Seafarers At Continental Shipyard

By Kenneth Jukpor As part of efforts to celebrate the 2020 International Seafarer’s Day, Ocean Deep Services Limited donated Personal Protective Equipments (PPE) and food items to seafarers at LTT Coastal and Services, operating at the Continental Shipyard, Lagos. The ...

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