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BULLS: New NRC Record

Reps probe alleged abandoned N72.34bn eastern rail contract

History was made as Nigerian Railway Corporation (NRC) commenced the delivery of haulage pipe lines for Ajaokuta-Kaduna-Kano gas project from Warri to Itakpe. The locomotive train moved at 50 km/hr on the newly constructed standard guard line carrying 96 pipes ...

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Nigerian Seaports: Multiple Taxation And Regulations

Nigerian Seaports: Multiple Taxation And Regulations

The aim of every port user is to transact business with ease as well as maximize profits while rendering service. However, the cost of doing business at the Nigerian seaport is relatively high compared to ports in other countries within ...

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Classy Chiamaka

Classy Chiamaka

Chiamaka Ndukwu Theresa co-founded Agrohive to boost rural smallholder farmers’ productivity by giving them access to advanced Agricultural Extension services, access to improved farm inputs, and agricultural technologies. AgroHive has created more manpower in rural agriculture through organizing and assisting ...

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ECONOMY: IMF Revises Nigeria’s 2021 Economic Growth Rate Upward to 2.5% from 1.5%…

ECONOMY: Inflation Rate Falls Further to 17.93% in May 2021 on High Base Year Effect…

CWR, Cowry Weekly Financial Market Review Outlook Friday, April 9, 2021

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E-Customs And Concession Brouhaha

E-Customs And Concession Brouhaha

By Kenneth Jukpor & Yusuf Odejobi Six months after the Federal Executive Council (FEC) approved the sum of $3.1 billion for Customs Modernization under Public-Private Partnership (PPP) concession to Messers E. Customs HC Project Limited, port stakeholders remain oblivious of the ...

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How To Solve Nigeria’s Empty Container Conundrum – Osonwa

How To Solve Nigeria's Empty Container Conundrum - Osonwa

By Kenneth Jukpor Barr. Emmanuel Chekwube Osonwa is the Legal Adviser, Clarion Shipping (WA) Ltd. Ahead of a novel barge operation to convey empty containers from Lagos to Cotonou, the veteran maritime lawyer sat with MMS Plus correspondent for this ...

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How To Save Air Freight Cost With Right Packaging Solution

How To Save Air Freight Cost With Right Packaging Solution

As air shipping becomes more affordable and more widely available, many companies have turned to it as a fast and reliable option. Air shipment can move your products much more quickly than land or sea freight, but there are some ...

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AMCON New Airline: New Wine In Old Wineskins?

AMCON New Airline: New Wine In Old Wineskins?

Following the revelation by the Asset Management Corporation of Nigeria (AMCON) of plans to float a new airline, NG Eagle, deploying some of the assets of distressed Arik Air, industry observers have wondered if this is akin to the putting ...

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Green Africa to deploy 15 aircraft across Nigeria

Green Africa: A Breath Of Fresh Air

Green Africa, a start-up value airline, based in Lagos is set to commence flight operations with ATR 72-600 planes. A statement signed by its Founder and Chief Executive Officer, Babawande Afolabi, on Thursday said the airline deferred 50 of its ...

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Marketers project petrol price reduction as oil falls

Marketers project petrol price reduction as oil falls

Brent, the oil against which Nigeria’s crude is priced, continued its fall in price on Thursday with oil marketers in the country projecting that such a persistent plunge in global oil prices could lead to a reduction in petrol pump ...

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NNPC to resume oil exploration in Sokoto Basin

Three Refineries Processed No Crude In January – NNPC

The Nigerian National Petroleum Corporation on Thursday announced plans to resume active oil exploration in Sokoto Basin. A statement issued in Abuja on Thursday by NNPC spokesperson, Kennie Obateru, said the corporation’s Group Managing Director, Mele Kyari, said exploration for ...

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Liverpool bid to end home pain as Lingard fires West Ham push

Liverpool bid to end home pain as Lingard fires West Ham push Liverpool bid to end home pain as Lingard fires West Ham push

Liverpool return to Premier League action on Saturday knowing they must rediscover the magic at home or risk finishing outside the top four for the first time since 2016. At the bottom, Fulham have a chance to lift themselves out ...

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Hope for Nigeria as Africa awaits 428 new oil, gas projects

NNPC pledges crude supply to 20,000bpd Lagos refinery

Over 428 oil and gas projects are expected to be developed in Africa’s oil and gas sector before 2025, a new report said yesterday. Nigeria, regarded as one of the biggest crude oil producers on the continent according to the ...

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CBN freezes another 194 accounts of firms, BDCs, others

FG recorded N485.51bn fiscal deficit in January – CBN

The Central Bank of Nigeria on Thursday said it got orders from the Federal High Court, Abuja division, to freeze 194 bank accounts belonging to firms and Bureaux de Change to enable it to conduct investigations into suspicious activities. It ...

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Curiosity as AMCON floats new airline from ashes of Arik Air

Curiosity as AMCON floats new airline from ashes of Arik Air

• New carrier, NG Eagle, set for operating certificate, entry • We’ll sustain Arik, seek investors for new carrier, says management • ‘AMCON listening to wrong advice. This is aviation, not banking industry’ • It’s sound exit strategy, says Arik ...

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Massive fuel smuggling persists amid opposition to border restriction

Customs CG Lauds Apapa Controller For Drug Seizure

Amid the continued smuggling of petroleum products out of the country to neighbouring countries including Cameroun, the Nigeria Customs Service has said its restriction of fuel supply along borders is being opposed by communities and marketers. Media had reported on ...

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NIMASA, NRC, Bayelsa to revive rail foundry

NIMASA, NRC, Bayelsa to revive rail foundry

NIMASA, NRC, Bayelsa to revive rail foundryNIMASA, NRC, Bayelsa to revive rail foundryThe Nigerian Maritime Administration and Safety Agency, the Nigerian Railway Corporation and the Bayelsa State government are set to resuscitate the railway foundry. This was disclosed when the ...

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CBN freezes 11 bank accounts

CBN may start printing Gambia’s currency, says Emefiele

The Central Bank of Nigeria on Wednesday said it got an order from the Federal High Court, Abuja division, to freeze 11 bank accounts to enable it conduct investigations into suspicious activities. It disclosed this in two documents posted on ...

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Skill mismatch worsening unemployment crisis, says LCCI

Skill mismatch worsening unemployment crisis, says LCCI

The Lagos Chamber of Commerce and Industry says skill mismatch contributes to persistent worsening of the Nigeria’s unemployment situation, the News Agency of Nigeria reports. LCCI President, Mrs Toki Mabogunje, said this on Tuesday at a news conference organised in ...

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International flight resumes in Kano airport after one year

International flight resumes in Kano airport after one year

International flight operations resumed at the Malam Aminu Kano International Airport on Tuesday after over one year of its closure due to COVID-19 pandemic. The Minister of Aviation, Hadi Sirika, had in March said the Mallam Aminu Kano International Airport ...

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