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Monthly Archives: April 2021

NPPM: Shippers’ Council Encourages Port Health To Expedite Ship Inspections

NPPM: Shippers' Council Encourages Port Health On Quick Ship Inspections

  As part of efforts to implement the Nigerian Port Process Manual (NPPM) through collaboration, Nigerian Shippers’ Council (NSC) has advised Port Health Services (PHS) to conclude its inspections onboard vessels in 30-45 minutes. The Executive Secretary of NSC, Mr. ...

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Bittersweet victory for Emery as Villarreal spare 10-man Arsenal

Bittersweet victory for Emery as Villarreal spare 10-man Arsenal

Unai Emery won his big reunion with Arsenal but 2-1 might prove a small reward for Villarreal, who failed to take advantage of Dani Ceballos being sent off in a frantic Europa League semi-final first leg on Thursday. Manu Trigueros ...

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COVID-19: No direct flight with India, says NCAA

COVID-19: No direct flight with India, says NCAA

The Nigerian Civil Aviation Authority has assured Nigerians that the government will take every necessary action to protect the citizens from COVID-19. Speaking with our correspondent on Thursday, General Manager, Public Relations, NCAA, Mr Samuel Adurogboye, said India which had ...

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Customs seize imported bottled waters, others

Customs seize imported bottled waters, others

The Area Controller of Kirikiri Lighter Terminal Command in Lagos, Mr Hammi Swomen, on Thursday, said it had seized some items including bottled waters. Swomen disclosed this to journalists at the Kirikiri Command, saying relevant stakeholders had been invited to ...

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First Bank directors fired to protect customers, minority shareholders – CBN

External reserves lost $350m in two weeks, says CBN

The Central Bank of Nigeria on Thursday fired all the directors of First Bank of Nigeria Limited and First Bank of Nigeria Holdings Plc and appointed new persons to fill the positions. CBN Governor, Godwin Emefiele, announced the removal of ...

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Oil hits six-week high $68.47 as dollar weakens

Oil hits six-week high $68.47 as dollar weakens

The international oil benchmark, Brent crude, reached its highest in six weeks on Thursday as strong US economic data, a weak dollar and overall expected recovery in demand outweighed worries about the impact of increased COVID-19 cases in Brazil and ...

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ANLCA Raise Alarm Over Multiple Alerts, Duplicated Functions At Tin Can

ANLCA Raise Alarm Over Multiple Alerts, Duplicated Functions At Tin Can

By Kenneth Jukpor The Association of Nigeria Licensed Customs Agents (ANLCA) has decried multiple trade infractions such as alerts and duplicated Customs roles at the Tin Can Island Port (TCIP). ANLCA President, Hon. Tony Iju Nwabunike raised these issues yesterday ...

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NAGAFF Founder Conferred Grand Fellow Of ITMT

NAGAFF Founder Conferred Grand Fellow Of ITMT

By Yusuf Odejobi The Founder of the National Association of Government Approved Freight Forwarders (NAGAFF) Dr. Boniface Okechukwu Aniebonam was today conferred as Grand Fellow of the Institute of Transport and Management Technology (ITMT) at Rockview hotel, Apapa, Lagos. Dr. ...

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Freight Forwarders Accuse Security Agencies Of Pilfering During Examination

Terminal operators, shipping firms dare government over demurrage waiver

By Kenneth Jukpor Freight agents practicing at the Apapa seaport have lamented the loss of several cargoes to theft orchestrated by security agencies during the process of examining their containers at the port. The National Coordinator, NAGAFF 100% Compliance Team, ...

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Vehicle Log Book Is Outdated, Unsuitable For Clearance Process – Farinto

Nigerian Ports Need Electronic Call-up System, Efficient Forex Handling - Farinto

By Kenneth Jukpor Following the recent directive of Nigeria Customs Service (NCS) that one of the requirements for clearance of used vehicles at ports will be vehicle log books, the Vice President of the Association of Nigeria Licensed Customs Agents ...

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NAFDAC, NERC, NIGCOMSAT, others opt for of self-funding

NAFDAC, NERC, NIGCOMSAT, others opt for of self-funding

Some government agencies on Wednesday opted out of funding from the federal budget and refunded millions of revenues due to the Consolidated Revenue of the Federation. They took the decision at the ongoing investigation by the Senate Committee Finance on ...

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Joshua versus Tyson Fury now in serious jeopardy, says Bob Arum

Joshua versus Tyson Fury now in serious jeopardy, says Bob Arum

• ‘Gypsy King may fight Wilder instead’ Anthony Joshua’s undisputed showdown with Tyson Fury is in serious jeopardy due to a lack of communication, according to The Gypsy King’s promoter Bob Arum, reports givemesport.com. The Top Rank boss says making ...

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Investors lose N280bn as 23 firms’ share prices fall

Stocks shed N190bn as Stanbic, 21 others record losses

Investors in the Nigerian stock market lost N274bn on Wednesday as 23 firms saw their share prices drop at the end of trading. The Nigerian Stock Exchange All-Share Index fell by 1.33 per cent to 38,781.48 basis points from 39,305.48bps. ...

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Osinbajo chairs panel to address worsening poverty

Osinbajo chairs panel to address worsening poverty

The Federal Executive Council on Wednesday approved the National Poverty Reduction with Growth Strategy submitted by the Presidential Economic Advisory Council. The decision was taken at the weekly meeting of the council presided over by the President, Major General Muhammadu ...

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Women Group Chronicles Eastern Marginalization, Killings Under President Buhari

Women Group Chronicles Eastern Marginalization, Killings Under Presidnet Buhari

Following the gross marginalization of South Easterners in governance, security agencies and unabated killings in the region, an organized Igbo Women Elders Council held a press conference in Awka, Anambra State, highlighting the many setbacks ocassioned by the Presidency. The ...

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Tough times ahead for states as FG insists on bailout repayment

Tough times ahead for states as FG insists on bailout repayment

• States will push the burden to citizens, says Ajibola • Nigeria needs tough policy decisions, say economists • Many states not generating enough Like a repeat of the 2016 and 2018 era when many states were unable to pay salaries ...

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N15.71bn petroleum products lost to vandalism in 2020 – NNPC

N15.71bn petroleum products lost to vandalism in 2020 – NNPC

Amid continued pipeline vandalism in the country, petroleum products worth N15.71bn were lost last year, according to the Nigerian National Petroleum Corporation. Data obtained from the NNPC showed that petroleum products worth N1.71bn were lost in January; N1.83bn in February; ...

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COVID-19 resurgence, threat to oil demand recovery – OPEC

COVID-19 resurgence, threat to oil demand recovery – OPEC

The resurgence of the COVID-19 pandemic in many countries is posing a threat to economic and oil demand recovery, the Organisation of Petroleum Exporting Countries has said. It disclosed this at the 16th OPEC and non-OPEC ministerial meeting of the ...

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CBN injects $1.47bn into forex market in one month

Foreign Direct Investment declined by $30m in January – CBN

The Central Bank of Nigeria injected $1.47bn into the foreign exchange segment of the market as part of its efforts to stabilise the naira in January. According to figures from the CBN’s January report on its foreign exchange market developments, ...

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Nigeria now our biggest market –Crypto trading platform

Nigeria now our biggest market –Crypto trading platform

Paxful, a global peer-to-peer fintech, has said Nigeria is now its biggest market with a volume of $1.5bn. It disclosed this on Tuesday in a statement, titled ‘Nigeria emerges as Paxful’s biggest market, hits $1.5bn in volume with over 1.5 ...

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