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Nigeria loses 20% passenger traffic over Emirates, Etihad exit

FG Calls Emirates Bluff, Airline Bans Nigerian Travellers Again

•Foreign airlines rally behind controversial rapid antigen test The suspension of Emirates Airlines and Etihad’s withdrawal from Nigerian airspace has cost the country, at least, a 20 per cent decline in international passenger traffic. Media source learned that the decline ...

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13 Nigerian security chiefs, others stole $400m, stash loot in UAE – HEDA

13 Nigerian security chiefs, others stole $400m, stash loot in UAE – HEDA

The Human and Environmental Development Agenda has said assets and funds worth more than $400m stolen from Nigeria were stashed in the United Arab Emirates. The leading anti-graft group explained that out of the 800 assets uncovered by investigators, 216 ...

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IMF demands debt data accuracy, transparency from Nigeria, others

IMF extends debt relief to 28 low-income countries

• ‘Remove bottlenecks to achieve accelerated growth’ • $200b five-year spending required to step up response to COVID-19 A day after the National Bureau of Statistics (NBS) released report that said states and federal debts had hit N32.92 trillion as ...

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Customs propose ban on vehicles above seven years

Nigerians To Pay More For Imported Vehicles From June 1

The House of Representatives’ Committee on Customs and Excise has proposed a revenue target of N1.56tn for the Nigeria Customs Service in 2021, up from the original N1.4tn proposition. The amount was set for the NCS in 2020 before the ...

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Buhari puts revenue generation from NLNG at $114bn

Tough times ahead for states as FG insists on bailout repayment

The President, Major General Muhammadu Buhari (retd.), on Monday, said the Nigeria Liquefied Petroleum Natural Gas company has generated $114bn revenues for the country. He disclosed this at the Nigeria International Petroleum Summit 2021 Pre-Summit Conference and official inauguration of ...

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Most Nigerian airports not viable, says Senate committee

Most Nigerian airports not viable, says Senate committee

The chairman of Senate committee on aviation, Senator Smart Adeyemi, says most airports in Nigeria are not viable. Adeyemi stated this after a two-hour inspection of the Anambra State International cargo/passenger airport at Umueri, in the Anambra East Local Government ...

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FG moves to revive oil fabrication yard in Lagos

FG moves to revive oil fabrication yard in Lagos

The Federal Government has expressed its readiness to assist in reviving a multimillion-dollar oil fabrication yard in Lagos State stalled since 2015 after a force majeure declared by an international oil company operating in the country. The Snake Island Fabrication ...

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Senate summons NNPC again, cites non-remittance of N4.07tn

Govt-Owned Agencies Didn’t Remit N2tn, Alleges Senate Panel

The Senate Public Accounts Committee has again summoned the management of the Nigerian National Petroleum Corporation over alleged non-remittance of N4.07tn to the Federation Account between 2010 and 2016. The management of the NNPC had appeared before the Senate panel ...

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2021 Budget: NITT To Spend N5.6bn On Outreach Centres, N1bn Transport Databank

2021 Budget: NITT To Spend N5.6bn On Outreach Centres, N1bn Transport Databank

·  Institute’s new main gate to cost N200million ·  NRC to acquire N1billion spare parts this year By Kenneth Jukpor  The Nigerian Institute of Transport Technology (NITT) will spend N5.67billion in Construction, Completing and Equipping Zonal Outreach Learning Centres at ...

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Port Concession Intrigues: FG Abandons NPA’s Concession Review Exercise

Port Concession Intrigues: FG Abandons NPA’s Concession Review Exercise

Port concessionaires get lease covertly renewed Shippers’ Council discontented with observer status By Kenneth Jukpor The Federal Government has discarded the recent port concession review exercise carried out by Nigerian Ports Authority (NPA) and terminal operators, with technical support from ...

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Bird Strikes: Managing The Aerodrome

Bird Strikes: Managing The Aerodrome

Bird strikes are a common phenomenon in the aviation industry and have  become a major threat to air safety globally. It is simply a collision between an airborne animal (most likely a bird) and an aerial vehicle, usually an aircraft. ...

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Classy Cassandra

Classy Cassandra

Dr. Cassandra Akinde is currently the team lead for The Nigerian Child Initiative, a non-profit which promotes child health awareness and sustainable education to empower them with healthy choices. Her work centres on helping these children understand that sound education ...

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ECONOMY: Equities Market Performance Weakens as Investors Book Profit ahead of Corporate Releases…

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

CWR, Cowry Weekly Financial Market Review Outlook Friday, March 25, 2021

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BEARS: NSC, Customs Debate

NSC, Customs Debate

A heated argument occurred during the INCOTERMS  2020 port stakeholders workshop last week as the Director, Consumer Affairs, Nigeria Shippers Council (NSC), Chief Cajetan Agu fired first against a Deputy Comptroller, Customs Modernization, Nigeria Customs Service (NSC), Mr. Nafiu Isiyaku ...

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BULLS; Congrats Rakiya!

The Deputy Director, Public Relations, Nigerian Shippers Council (NSC), Hajia Rekiyah Zubair knotted the tie with her heartthrobe Prof. Sikirulai Yagboyaju at University of Ibadan Central Mosque, on Thursday, last week. MMS joins Shippers’ Council and other well wishers felicitating ...

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Eto: Challenges Are Surmountable, We’ll Fix Them – NPA

Facts And Fallacies Of Channel Management

By Yusuf Odejobi The Managing Director of Nigerian Ports Authority (NPA) Hadiza Bala-Usman had a chat with newsmen recently. She spoke on the modest success as well as challenges of the new electronic truck call-up system (Eto) since its inception. ...

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APMT’s Foreign Security Outfit: Embers of Safety and Economic Threats

APMT’s Foreign Security Outfit: Embers of Safety and Economic Threats

By Yusuf Odejobi With the growing amount of insecurity in the country ranging from banditry, Fulani herdsmen killings, kidnapping and Insurgency, it is expected that every individual holds a reasonable amount of responsibility to protect itself and Nigeria as a ...

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CTN: A Tool To Boost Security And Revenue Collection

Shippers’ Council Urges Govt Agencies To Support Joint Vessels Inspection

By Kenneth Jukpor Nigeria has been besieged by the outbreak of violence conflicts which has over the years claimed thousands of lives and property. This is owing to the activities of kidnappers, armed robbers, sea pirates, political thugs, arms traffickers ...

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How To Start Air Cargo Business In Nigeria

How To Start Air Cargo Business In Nigeria

The existence of technology, especially the coming of air cargo business has made things to be easy in life. It has also led to the evolution of so many businesses. People get things done swiftly. Goods can be sent to ...

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‘Contributory pension assets suffered decline, lost N7bn in January’

‘Contributory pension assets suffered decline, lost N7bn in January’

The Contributory Pension Scheme which had maintained a steady rise since inception as the fastest growing fund in the economy fell by N7bn in January 2021. Figures obtained by our correspondent from the National Pension Commission on its report titled ...

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