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FG Declare Funtua Inland Dry Port As Port Of Origin, Destination

FG Declare Funtua Inland Dry Port As Port Of Origin, Destination

The Federal Government has declared Funtua Inland Dry Port in Katsina State as a port of origin and final destination for import and export of cargoes. This implies that the Inland Dry Port is empowered to operate shipping businesses including …

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NIMASA Seeks Private Sector Participation In Blue Economy

NIMASA Seeks Private Sector Participation In Blue Economy

  The Director General of Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh has called for deeper private sector participation in the blue economy initiative to harness greater benefits from the maritime industry. Delivering a paper in Lagos …

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Smuggling: Govt shuts 270 filling stations, deploys DSS

Smuggling: Govt shuts 270 filling stations, deploys DSS

The Federal Government is now deploying operatives of the Department of State Services on tankers transporting Premium Motor Spirit,  popularly called petrol, to filling stations in order to halt the diversion and smuggling of the product. Already, over 120 DSS …

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OPEC+ maintains status quo amid lower output from Nigeria

OPEC+ maintains status quo amid lower output from Nigeria

The Organisation of Petroleum Exporting Countries plus (OPEC+) coalition’s Joint Ministerial Monitoring Committee (JMMC) recommended no changes to the group’s output policy at its meeting yesterday. The JMMC, which is made up of key OPEC+ ministers, is not a decision-making …

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Transport Minister Commends Buhari On Commissioning  Of Dala Inland Dry Port

Transport Minister Commends Buhari On Commissioning  Of Dala Inland Dry Port

  The Minister Of Transportation, Mu’azu Jaji Sambo has commended President Muhammadu Buhari on the commissioning of the Dala Inland Dry Port, Zawachiki, Kano. The Minister said Buhari deserves to be commended for his unwavering support of the development of …

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Compt. Oramalugo  Takes Charge In Kebbi As CAC

Compt. Oramalugo  Takes Charge In Kebbi As CAC

  Comptroller Ben Oramalugo on Wednesday assumed duty as the new Customs Area Controller(CAC) Kebbi Customs Command .He took over from Compt. Abdullahi Kazaure. Speaking shortly after taking over in a brief ceremony held at the Command Headquarters in Birnin …

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Compt Omale Assumes Duty As CAC Sokoto/Zamfara Customs Command

Compt Omale Assumes Duty As CAC Sokoto/Zamfara Customs Command

  Sequel to the redeployment of Customs Area Controllers by the management of the Nigeria Customs Service, NCS Comptroller Abdulhamid Ma’aji has handed over the leadership of Nigeria Customs Service, Sokoto/Zamfara Area Command to Comptroller Musa Omale PhD. Speaking at …

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NNPC expands dominance of Nigerian oil sector, takes over Addax assets

NNPC expands dominance of Nigerian oil sector, takes over Addax assets

Barely four months after acquiring OVH Energy Marketing (OVHEM) Limited, Nigerian National Petroleum Company Limited (NNPC), yesterday, announced takeover of Addax Petroleum Development (Nigeria) Limited’s production sharing contract assets. Coming amid loggerhead between NNPC and Seplat over sale of ExxonMobil’s …

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Reps dump N22.7tn loan request, okay N1tn borrowing

Reps dump N22.7tn loan request, okay N1tn borrowing

  The House of Representatives, on Tuesday, partly approved of the requests made by the President, Major General Muhammadu Buhari (retd.), on Ways and Means Advances from the Central Bank of Nigeria. While the House approved restructuring of N1tn WMAs, …

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CBN will accept old naira notes after deadline, says Emefiele

CBN will accept old naira notes after deadline, says Emefiele

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says the bank will continue to accept old naira notes after the stipulated deadline. Emefiele spoke on Tuesday when he appeared at an interactive session with the house of representatives ad hoc …

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New naira: Racketeering booms in Lagos, Abuja, Anambra

New naira: Racketeering booms in Lagos, Abuja, Anambra

The scarcity of the new naira notes took a worse turn on Monday as currency racketeers took advantage of the situation to exploit Nigerians who were desperate to obtain the currencies. In Abuja, the nation’s capital, Lagos, Anambra and other …

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Nigeria’s economic growth to hit 3.2%, says IMF

Nigeria’s economic growth to hit 3.2%, says IMF

Nigeria’s economy is set to grow from 3.0 per cent in 2022 to 3.2 per cent in 2023 due to measures made to address insecurity in the oil sector, according to the International Monetary Fund. The IMF disclosed this in …

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New naira: CBN allocates N30m daily to Bauchi banks

New naira: CBN allocates N30m daily to Bauchi banks

The Central Bank of Nigeria, Bauchi State, says it allocates N30 million new naira notes daily to each branch of banks in the state to increase access of customers to the new notes. An official of the apex bank, Mr …

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Nigerian Customs And Trade Facilitation: ACG Malata Yusuf’s Experiment In Apapa

Nigeria Customs And Trade Facilitation: ACG Malanta Yusuf’s Experiment In Apapa

 By Kingsley Anaroke   Assistant Comptroller of Customs(ACG) Malanta Yusuf has bowed out of Apapa Customs Command, Lagos in honour and gallantry having set a new record of revenue generation in the history of the command and Nigeria Customs Service(NCS). …

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Compt. Salefu Assumes Duty As New CAC Western Marine Customs Command

Compt. Salefu Assumes Duty As New CAC Western Marine Customs Command

The new Customs Area Controller(CAC) of Western Marine Command of Nigeria Customs Service(NCS), Compt. Salefu took office from the outgone Compt. S.D. Adamu on Wednesday, last week.  Speaking at the handover ceremony, Compt. Salefu called for the cooperation of  officers and …

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Buhari To Commission Dala Dry Port On Monday

Buhari To Commission Dala Dry Port On Monday

  At last, President Muhammad Buhari will on Monday 31st January 2023,  commission the Dala International Inland Dry Port at Zawachiki in Kumbotso local government area of Kano state. The Managing Director, Ahmad Rabiu stated this while addressing newsmen on …

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Tin Can Customs Command Generates 574bn In 2022, As Export Tonnage Tumbles

Tin Can Customs Command Generates 574bn In 2022, As Export Tonnage Tumbles

  The Nigeria Customs Service (NCS), Tin Can Island Port Command, generated revenue of N574.3 billion in 2022  with a decrease in tonnage of export from 1,723,986.8 in 2021 to 336,179.5 in 2022. The Customs Area Controller (CAC), Tin Can Island …

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Banks To Shipowners: CVFF Is Not A Grant

Banks To Shipowners: CVFF Is Not A Grant

  In preparation for the disbursement of the $400m Cabotage Vessel Finance Fund(CVFF),the five selected banks called Primary Lending Institutions(PLIs) have advised indigenous shipowners to imbibe business culture while assuring prompt disbursement  as conditions are met. The Managing Director of Jaiz …

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EU earmarks €102.5m humanitarian aid for Nigeria, others

EU earmarks €102.5m humanitarian aid for Nigeria, others

The European Union says Nigeria and other countries in the Lake Chad region will benefit from its €102.5m humanitarian aid. Niger, Chad and Cameroun are other countries named in the humanitarian lifeline by Europe’s top bloc. The European Union made …

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Nigeria-Niger Republic rail project to boost trade – FG

Nigeria-Niger Republic rail project to boost trade – FG

The Federal Government has stated that the Nigeria-Niger Republic rail project would boost trade and other socioeconomic interactions between both countries. A statement by the Director, Press and Public Relations of the Ministry of Transportation, Henshaw Ogubike, said the minister …

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