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Senate Committee On Marine Transport Lauds NPA

Senate Committee On Marine Transport Lauds NPA

The Chairman of Senate Committee on Marine, Senator Ahmed Yerima commended the management of the Nigerian Ports Authority (NPA) for improved revenue generation. Senator Ahmed Yerima applauded the NPA during the committee’s visit to NPA headquarters on Monday when the ...

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Oil Rises After Russia’s Openness To OPEC Meeting

Oil Rises After Russia’s Openness To OPEC Meeting

Oil rose on Wednesday, paring earlier losses after fresh comments from Russia about its openness to talk with OPEC over output cuts helped revive hope among investors that the world’s largest producers could act to boost prices. Russian Foreign Minister ...

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NSC Saved Nigerian Economy $2.7billion- Hassan Bello

NSC Saved Nigerian Economy $2.7billion- Hassan Bello

The Executive Secretary of the Nigerian Shippers Council (NSC), Mr. Hassan Bello revealed that within the last five years NSC had saved the Nigerian economy over $2.7billion by blocking leakages. Hassan Bello made this disclosure while addressing the House Committee ...

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Catherine weds LeNard

Catherine weds LeNard

Recently, Mrs. Mary Hamman’s daughter, Hauwa Catherine Hamman wedded Deonte LeNard Thomas in Lagos. It was a union of “yoomen, yoomen” joined by the Almighty God. The event, expectedly attracted the cream de la cream of the banking and maritime ...

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FG Seeks $3.5bn Emergency Loans From W’Bank, AfDB

Graft: FG gets 5,000 tips from whistle-blowers

The Federal Government is seeking from the World Bank and the African Development Bank the sum of $3.5bn (N697bn) in emergency loans to fill a growing gap in its budget in the latest sign of the economic damage being wrought ...

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N34b Fraud: Tompolo Challenges Arrest Warrant

Court refuses to lift restriction on Tompolo’s N3bn account

Former militant leader, Chief Government Ekpemupolo (alias Tompolo), has challenged the warrant of arrest issued by a Federal High Court sitting in Lagos,  to compel his appearance in court to answer to the criminal charge preferred against him by the Economic ...

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Exporters Lose N78bn To Dollar Restriction, Others

Bankers Committee inaugurates panel on N26bn SME fund

The ongoing conflict between stakeholders and the Central Bank of Nigeria over the export repatriation policy, which came into force in February 2015, has forced some non-oil exporters to abandon the sector, while others have gone underground to carry out ...

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Non-oil Revenues Will Largely Fund 2016 Budget – FG

N’Assembly will get 2018 budget in October, FG insists

The federal government has said it is depending largely on revenues from the non-oil sectors of the economy to fund the 2016 budget of N6.08 trillion. The minister of budget and national planning, Senator Udoma Udo Udoma, stated this during ...

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 Amaechi Approves POF Collection By CRFFN

Maritime Industry Bills To Suffer Set Back

ANLCA risks proscription, may settle out of court Moved by the need to generate funds for the Federal Government and sanitize the freight forwarding sub-sector, Minister of Transport, Hon. Rotimi Amaechi has approved the collection of Professional Operating Fee (POF) ...

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Freight Forwarders In Free Training Session

Freight Forwarders In Free Training Session

There have been about of Nigerian Shippers’ Council (NSC) sponsored Capacity Building Programmes of late for freight forwarders. Here again, the clearing agents attended one, while it is prayed that it gets internalized in them so fast to move the ...

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Cutting Back On Oil, Shoreline Group Halts $500m Bond Issue

Cutting Back On Oil, Shoreline Group Halts $500m Bond Issue

Shoreline Group, a Nigerian oil producer, has halted plans to issue $500m of Eurobonds and will cut staff as the economy struggles with plunging prices for the fuel, chief executive officer Kola Karim said. In the middle of last year, ...

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CBN Retains Naira, Interest Rates At Policy Meeting

CBN returns N51.9bn illegal deductions to bank customers

Despite intense pressure from the International Monetary Fund (IMF), the Organised Private Sector and other stakeholders, the Central Bank  of Nigeria (CBN), last week kept its benchmark interest rate at 11 percent and left the naira exchange rate fixed at N197 to ...

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BEARS: Agents In Food Mess

BEARS: Reckless Police Officer

When events are attended by a certain group of people, it is usually easy to identify the nature of the participants in attendance when it is time for item 7. The speed and manner with which freight agents rushed the ...

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UNDERSTANDING THE RUDIMENTS OF COMMON EXTERNAL TARRIF (CET) REGIME: A PANACEA FOR REGIONAL TRADE UNIFORMITY

The adoption of the Common External Tariff (CET).  One of the major components of the ECOWAS Customs union, was decided upon as part of the integration process of ECOWAS by the ECOWAS Heads of State in the 1975 ECOWAS Treaty ...

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 NAGAFF Pick Holes In Allegation Of Blackmailing Customs Officers

NAGAFF Cautions ANLCA; Says Statement Is Indecorous

In the mudslinging face-off between the National Association of Government Approved Freight Forwarders (NAGAFF) and the Association of Nigerian Licensed Customs Agents (ANLCA), the former has reacted to allegations of blackmail by the rival group NAGAFF through its National Publicity ...

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Flourishing Florence

Flourishing Florence

Barrister Florence Elendu is a company lawyer with the Nigerian Ports Authority (NPA), the seasoned legal veteran who has put in more than 17 years with the government establishment is also a member of the Anti-Corruption Committee of NPA. And ...

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Ghana Wants More Gas Supply From Nigeria

Ghana Wants More Gas Supply From Nigeria

Ghana has unfolded plans to forbid improved supply of liquefied natural gas from Nigeria through the West African Gas Pipeline (WAPG) scheme. The move may have been prompted by assessed inadequacy of stock currently being supplied the country under the ...

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Fears Of Massive Job Loss Grip Oil Industry

Nigeria Produces 236.97bcf Gas In November

The persistent weakness in the price of crude oil in the international market has raised the prospect of massive job losses in the Nigerian oil and gas industry. Oil prices have fallen in the last few days to their lowest ...

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Experts Worry Over Economy, Differ On Naira Devaluation

Naira crashes to 516 as dollar scarcity widens

Economic and financial experts on Wednesday expressed divergent views on the latest decision of the Central Bank of Nigeria, but agreed that the economic crisis plaguing the nation had yet to be addressed. The CBN’s Monetary Policy Committee had on ...

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How To Build A Professional Engineering Career

How To Build A Professional Engineering Career

Engr. Ola Taiwo is the Chairman of the Apapa Chapter of Nigerian Society of Engineers (NSE), in this exclusive interview with Ifeoma Oguamanam of MMS Plus Weekly, he gives an insight on what it takes to build a professional career in the ...

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