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ICPC Tasks NAGAFF Over Eradication Of Corruption In Cargo Clearance

Executive Order: NAGAFF Commends Efforts Of Govt. Agencies

The National Association of Government Approved Freight Forwarders (NAGAFF ) has been advised by the Independent Corrupt Practices and other Related Offences Commission (ICPC) to ensure  compliance to organisational and business ethics in a manner that can help curb corruption ...

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Meticulous Maureen

Meticulous Maureen

Mrs. Maureen Ebigbeyi is the Director, Ports Inspection Directorate for the National Agency for Food and Drug Administration and Control (NAFDAC). Maureen is simple, however she is a very gifted manager of persons, with an excellent supervisory ability. She is ...

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Mid-Stream Discharge: How Ship-to-Ship Transfer Aided Oil Subsidy Scandal

Expediting Vessel Dwell Time At Nigerian Ports

Midstream discharge can be described as the loading and off-loading of shipping cargo offshore as opposed to the ports. Over the years, the increase in mid-stream activities in Nigeria had resulted to increase in sea pirates and other illegal vices ...

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Western Ports NPA Set Up Committee To Investigate Extortion Of Truck Drivers

Chief Michael Kayode Ajayi: Good Night NPA, Good Morning Nigeria

The Western Ports chapter of the Nigerian Ports Authority (NPA) has created a new committee to check the alleged cases of extortion on truck drivers by security operatives at the Port entrances in Lagos. The new committee known as “Intervention ...

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CBN Extends BVN Registration For Nigerians Abroad

CBN boosts forex supply by $170m

The Central Bank of Nigeria has extended the Bank Verification Number registration exercise for Nigerians abroad from January 31 to June 30, 2016. The CBN, in a circular on Thursday, said the extension would allow Nigerian bank customers in the ...

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FG Promises Not To Sack NNPC Workers

FG inaugurates N61bn local content intervention fund today

The Federal Government has promised not to cut down the number of employees of the Nigerian National Petroleum Corporation. This is coming as labour unions have threatened to storm Imo State today (Friday) for a mass action if the state ...

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Reps, Kachikwu Disagree Over NNPC’s Crude Swap Deals

Nigeria Aims To Attract $10 billion  Investment In oil sector

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, and members of the House of Representatives exchanged words last week over the controversial crude oil for refined products exchange contracts between the Nigerian National Petroleum Corporation and some trading ...

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FirstBank Promotes Trade Financing

First Bank appoints Muoyo non-executive director

FirstBank of Nigeria Limited, a subsidiary of FBN Holdings Plc, has thrown its weight behind the development of trade financing in Nigeria and beyond. This, according to the bank, informed the collaborative effort with FBNBank (UK) Limited, a subsidiary of ...

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NNPC Posts N267bn Loss In 2015

Beware of recruitment scam, NNPC warns job seekers

The monthly oil and gas operational report of the Nigerian National Petroleum Corporation (NNPC) for 2015 has shown that the corporation posted a cumulative operational loss of N267.138 billion last year. Details in the summarised report, which was released by ...

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N1tr Railway Contract Scam: Reps Fault Contract Award Process

N1tr Railway Contract Scam: Reps Fault Contract Award Process

The House of Representatives has faulted the process of award of some contracts for the construction and rehabilitation of railway projects between 2010 and 2014. The lawmakers’ position came after a former Chairman of the Nigeria Railway Corporation (NRC) and ...

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Electric Power Generation To Increase By 2000mw – Fashola

N100bn needed to reconstruct Apapa road — Fashola

Minister of Power, Works and Housing, Babatunde Raji Fashola, has expressed optimism that given the various plans undertaken by the present administration in the sector, power generation would increase with additional 2000MW by the last quarter of 2016. He stated ...

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Nigerian Oil Firm Receives Landmark Human Rights Certification

Nigerian Oil Firm Receives Landmark Human Rights Certification

Seven Energy International, the independent Nigerian integrated gas development, production and distribution group, has joined the globally acclaimed ‘Voluntary Principles on Security and Human Rights’ initiative. Seven Energy was admitted into the Corporate Pillar category and becomes the first indigenous ...

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Buhari Seeks EU Support To Stop Oil Thieves

Buhari Seeks EU Support To Stop Oil Thieves

President Muhammadu Buhari has called on the European Union to help the country stop oil thieves and cure the wrath of corruption in the Petroleum industry. Nigeria’s Ministry of Petroleum Resources has already partnered with the country’s military to curb ...

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CBN, FIRS, NIPOST Clash Over Share Of Stamp duty’s Revenue

Nigeria needs strong fiscal, monetary policies to exit recession – CBN

Tension is brewing among three key government agencies over the implementation of the stamp duty recently reintroduced to the banking industry by the Central of Bank of Nigeria. Investigation by our correspondent showed that there had been several closed-door meetings ...

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Minister of Power Defends Electricity Tariff Hike

Some power firm managers award inflated contracts to relatives –Fashola

The Minister of Power, Works and Housing, Mr. Babatunde Fashola, recently justified the 45 percent increment in electricity tariff, which took effect on Monday, stressing that the action remained the only way to enhance stable power supply in the country. ...

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FG To Save $1bn As NNPC Ends Crude Oil Swap

FG Saves $1.7bn On Cash Call Payment To IOCs

The Minister of State for Petroleum Resources and Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Ibe Kachikwu, has disclosed that the crude-for-products exchange arrangement popularly referred to as crude swap will be replaced by a Direct-Sale-Direct-Purchase (DSDP) ...

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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 to $56 on US stimulus prospects

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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