Daily Archives: November 20, 2020

ANLCA Suffered N20m Losses From Attack On Headquarters

ANLCA Suffered N20m Losses From Attack On Headquarters

By Kenneth Jukpor Freight forwarders under the aegis of the Association of Nigerian Licensed Customs Agents (ANLCA) have lost assets worth about N20million during the recent attack on the ANLCA Secretariat by hoodlums on October 6th. Mukaila Babatunde, the National ...

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Some banks, MDAs colluding to divert funds, alleges Lawan

Some banks, MDAs colluding to divert funds, alleges Lawan

President of the Senate, Ahmad Lawan, has accused some banks of conniving with certain categories workers in government agencies to divert public funds to private pockets. He has therefore tasked the anti-corruption agencies to focus more on the activities of ...

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Crude in commercial quantity discovered in Benue Trough – NNPC

Crude in commercial quantity discovered in Benue Trough – NNPC

The Nigerian National Petroleum Corporation on Thursday said the volume of crude oil discovered in Benue Trough was in commercial quantity. It said Nigerian geologists were spearheading efforts in the discovery of the commodity in the trough. The corporation’s Group ...

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Nigeria opens camp for Tokyo 2020 Olympics today

Nigeria opens camp for Tokyo 2020 Olympics today

Nigeria will begin its preparations for the Tokyo 2020 Olympic Games today with prospective athletes expected to report to camps in Lagos and Abuja. The Federal Ministry of Youth and Sports Development yesterday disclosed that it has made arrangements to ...

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Nigeria to resume fuel imports from Niger Republic

Nigeria, Africa’s biggest oil producer, is set to resume the importation of petroleum products from a neighbouring country, Niger Republic. The Ministry of Petroleum Resources announced on Thursday in a statement that the two countries signed a Memorandum of Understanding on Thursday for petroleum products transportation and storage. According to the statement, Niger Republic’s Soraz Refinery in Zinder, some 260km from the Nigerian border, has an installed refining capacity of 20,000 barrels per day. “Niger’s total domestic requirement is about 5,000bpd, thus leaving a huge surplus of about 15,000 bpd, mostly for export,” it said. The ministry said the MoU was signed by the Group Managing Director, NNPC, Mallam Mele Kyari and the Director-General of SONIDEP, Mr Alio Toune, under the supervision of the two countries’ Ministers of State for Petroleum, Çhief Timipre Sylva and Mr Foumakoye Gado, respectively with the Secretary-General of the African Petroleum Producers Organisation, Dr Omar Ibrahim, in attendance. “This is a major step forward. Niger Republic has some excess products which needs to be evacuated. Nigeria has the market for these products. Therefore, this is going to be a win-win relation for both countries,” Sylva said. Kyari said the two countries had had long engagements in the last four to five months with a view to restoring the importation of petroleum products (excess production) from Niger into Nigeria. He said, “With this development, we hope to have a long-lasting and sustainable commercial framework to having a pipeline from the Soraz Refinery in Zinder (Niger) into the most proximate Nigerian city so that we can develop a depot.”

Nigeria, Africa’s biggest oil producer, is set to resume the importation of petroleum products from a neighbouring country, Niger Republic. The Ministry of Petroleum Resources announced on Thursday in a statement that the two countries signed a Memorandum of Understanding ...

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SON moves to cease registration of cloned brands

SON moves to cease registration of cloned brands

With cloned brands taking a huge chunk of market share and equity from original manufacturers, the Standards Organisation of Nigeria (SON) yesterday, read the riot act to promoters of cloned brands in a bid to check fake and substandard goods ...

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Nigeria loses N2tr yearly to foreign shipping lines

Nigeria loses N2tr yearly to foreign shipping lines

• Local shipowners debunk allegation they lack the capacity • Seek change of trade terms • NIMASA promises to reverse the trend With abundant crude oil resources, Nigeria’s shipping firms are waiting endlessly to enjoy the goodies of crude oil freight ...

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