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Overcoming The Challenges Of Maritime Financing

Overcoming The Challenges Of Maritime Financing

Sir Peter Olorunfemi is the Head, Peter Maritime Consulting Services Limited. In this interview, he tells Ifeoma Oguamanam the challenges inherent in maritime financing and how to overcome them; he also educates you on how the presence of maritime banks ...

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Subsidy Payment can only Assuage Scarcity – NUPENG

Subsidy Payment can only Assuage Scarcity – NUPENG

Despite the billions of naira paid by the federal government to oil marketers, the president of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), Comrade Igwe Achese, has disclosed that scarcity of fuel would persist if the refineries ...

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The fear of Buhari, the beginning of…

The fear of Buhari, the beginning of…

It is not yet May 29 but already the wind of change blowing across the oil and gas sector has sent jitters to dubious stakeholders in the maritime sector and left them  scampering like scared rats and making unsuccessful attempt ...

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Fuel scarcity: FG pays N156bn fuel subsidy claims to marketers

The Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo- Iweala,stated this at the World Customs Day event held in Abuja yesterday. The Minister said the payment of N156 billion represents the remaining tranche of the N256.2 billion debt owed MOMAN in subsidy claims.

The Federal Government yesterday as­ sured it would pay Major Oil Marketers Association of Ni­geria (MOMAN) about N156 billion today to halt the current fuel scarcity ravaging the country. The Coordinating Minister for the Economy and Minister of Finance, Dr. ...

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Jonathan Sacks NPA Boss, Appoints Lamido Ado Bayero

Ado Bayero Begs NPA Staff For Support As Abdullahi Recounts Experience

President Goodluck Jonathan yesterday sacked the managing director of Nigerian Ports Authority (NPA), Mallam Habib Abdullahi, and replaced him with Sanusi Lamido Ado Bayero, the eldest son of the late Emir of Kano, Ado Bayero. Presidential spokesman, Dr Reuben Abati, ...

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Regulate The Mining Sector – NMA’s President

Regulate Mining Sector - NMA's President

The Nigerian Miners Association (NMA) recently raised alarm at the influx of unregistered Chinese companies into the mining sector. According to its President, Alhaji Sani Shehu these companies’ recruited Chinese labourers to do the jobs usually reserved for Nigeria’s lower ...

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SOAN to Engage Government on the lifting of Crude Oil

Gulf of Guinea Piracy: A Reality Or Farce?

A newly formed indigenous ship owners association -ship owners association of Nigeria (SOAN) is set to engage the federal government on the lifting of Nigerian crude oil. Reveling this at the inaugural press briefing of the association, the former director ...

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BULLS: Respite At Last On The Apapa Exp.

BULLS: Congrats Aisha & Obiageli

Bulls observed that for the first time in a long while, the access road to Lagos Port was without the usual haphazard packing and gridlock. The container trucks were neatly packed to occupy one side of the road thus making ...

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Unpaid Subsidy: Oil Marketers Threaten To Stop Importation

Unpaid Subsidy: Oil Marketers Threaten To Stop Importation

The Major Oil Marketers Association of Nigeria (MOMAN) on Friday threatened to stop the importation of petroleum products over yet-to-be-paid N256 billion subsidy claim by the Federal Government. The Executive Secretary of MOMAN, Mr Obafemi Olawore made the disclosure at ...

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FG Projects N14 Trillion for Aviation Sector

FG Projects N14 Trillion for Aviation Sector

Federal Government has projected about N14 trillion investment plan to develop the country’s aviation industry in the short, medium and long term as part of measures to develop the sector to compete with other countries in passenger growth and also ...

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TENACIOUS TAMARAKARE

TENACIOUS TAMARAKARE

  Ms. Tamarakare Yekwe  is an independent director of  Sterling bank Plc. She is currently the Principal Partner, ‘Kare Yekwe & Co. (Legal Practitioners & Consultants). Prior to this, she was a member of the Governing Council, Nigerian Institute of ...

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Groups Jostle for APC Govt Attention

Groups Jostle for APC Govt Attention

IOCs, Local Shipowners Berth SOAN Gets Commonwealth’s Endorsement The expected assumption of office on May 29, 2015 by the All Progressive Congress (APC) led government in Nigeria has triggered a series of political and economic realignments in the maritime and ...

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NNPC seeks fuel subsidy scrap

Buhari Dissolves NNPC Board

The Nigerian National Petroleum Corporation (NNPC) recently made a strong case for the complete removal of subsidy from the petroleum products pricing template by the incoming government. Group Coordinator, Corporate Strategy and Planning, NNPC, Tim Okon, said fuel subsidy was ...

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Lagos State: Living In Bondage

Lagos State: Living In Bondage

It is barely a month now that the All Progressives Congress (APC) won the presidential ticket to rule the country in the next four years as well as in Lagos State. This is the first time the party at the ...

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BEARS: N50k Bribe For OC

BEARS: Reckless Police Officer

A truck carrying charcoal was forced to empty it contents on the suspicion of concealing contraband rice at an illegal customs check point at Seme- Lagos road. Bears thumbs down this Customs Officer from FOU Zone‘A’, who collected N50,000 from ...

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FOU Refutes Claims of Hinterland Patrol

FOU Refutes Claims of Hinterland Patrol

The Federal Operations Unit (FOU), Zone ‘A’ of the Nigeria Customs Service (NCS) had refuted all claims of unrelenting Customs patrol contrary to the directive given by the Comptroller General of Customs (CGC) Abdullahi Dikko Inde in a circular to ...

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Cargo Delay At The Ports: Whose Fault?

Cargo Delay At The Ports: Whose Fault?

There have been several stakeholders’ meetings at different fora to analyze the causative factors leading to delay in cargo clearance, cumbersome processes in payment system, ambiguity in declaration as well as other social issues like harassment of port users by ...

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Passing PIB Without Re-Draft Counter-Productive – LCCI

Passing PIB Without Re-Draft Counter-Products - LCCI

The Petroleum Industrial Bill (PIB) which has been with the National Assembly over a decade now was drafted with the circumstances of the time in mind. As a result, experts believe that the bill has to be re-drafted to suit ...

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Crude oil prices edge above Nigeria’s 2015 benchmark

Crude oil prices edge above Nigeria’s 2015 benchmark

Oil prices steadied around $62 a barrel on Wednesday, edging higher than Nigeria’s 2015 benchmark price of $52 per barrel as adopted by the National Assembly. Oil prices have dropped by more than 60 per cent between June 2014 and ...

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Why Airlines Hardly Break-Even – Olajide, Airpeace Boss

Why Airlines Hardly Break-Even - Olajide, Airpeace Boss

Air Peace Ltd, a new entrant in the aviation industry, has already airlifted over 60,000 passengers within the three months of its operations. And, with her many years of experience in banking and aviation services, Managing Director and Chief Operating Officer ...

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