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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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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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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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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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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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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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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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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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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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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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 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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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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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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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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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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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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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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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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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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