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NIMASA Shares Views On Customs Board Chair

The Nigerian Maritime Administration and Safety Agency (NIMASA) has said that it was yet to lend its position to the on-going stakeholders debate on the constitution of the chairmanship and board membership of the Nigeria Customs Service, saying the agency may do so at the appropriate time. A statement by ...

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Kale: No Presidential Underhand in Delayed Release of July Inflation Figures

The Statistician General/Chief Executive, National Bureau of Statistics (NBS), Mr. Yemi Kale has refuted speculations that the release of the July inflation figures had been deliberately delayed by the presidency because it was unfavourable and reflect badly on its handling of the economy. Rather, he said the “delay was due ...

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CBN To Banks: Freeze Company Accounts Concealing Operating As Individuals

The Central Bank of Nigeria(CBN) has ordered Deposit Money Banks to freez accounts of companies concealing as individuals for collection of illegal of foreign exchange inflow. This was disclosed in a circular by acting director of trade and exchange department¸ W.D. Gotring saying the all illegal transfer through the banking ...

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NIGERIA: MARAN Organises Seminar To Examine Decade Of Ports Concession Programme

The oldest grouping of accredited journalists covering the sector, the Maritime Reporters Association of Nigeria (MARAN) is organising a one-day seminar on the ten years of port concession in the nation. The event, which is billed for Tuesday, August 30, 2016, proposes to highlight the pains and gains of the ...

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Economic Recession: Maritime Workers’ Union Lament Sack Of 3000 Members

The Maritime Workers Union of Nigeria (MWUN), has lamented the current economic recession hitting the country, saying the situation has led to the loss of jobs of its 3000 workers who has so far been disengaged by no less than 20 shipping companies. President-General of the union, Mr. Anthony Emmanuel, ...

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Forex Shortage: Naira Hits All-time Low Of 409/dollar

The naira hit an all-time low of 409 against the dollar at the parallel market on Thursday, two days after the Central Bank of Nigeria banned nine Deposit Money Banks from the interbank foreign exchange market over their failure to remit $2.334bn to the Federal Government’s Treasury Single Account. The ...

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Emefiele Elected President of African Central Bank governors

Godwin Emefiele, Governor of the Central Bank of Nigeria, has been elected as the President, Association of African Central Bank Governors.(AACB) Emefiele was elected at the conclusion of the 39th ordinary meeting of the Association of African Central Bank Governors which on Friday in Abuja. Others elected officials to work ...

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Customs May Mis N1Trn 2016 Revenue .As Agency Nets N385bn, Half Year

All hopes and aspirations of the Nigeria Customs Service (NCS) to contribute a minimum of N1 trillion as revenue for government this year, may now remain a pipe dream as the Service is only able to generate N385.7 billion half way into the year. Customs Comptroller General, Hameed Ibrahim Ali, ...

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Aviation Fuel Scarcity: Senate To Meet Kachikwu

The leadership of the senate is set to meet with the minister of state for petroleum resources, Dr. Ibe Kachikwu over the scarcity of aviation fuel This was disclosed on Monday by the chairman of the senate committee on Aviation, senator Aliero Adamu. The issue of repatriation of funds by ...

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Shell Declares Force Majeure On Gas Supplies To Nigeria

Shell Petroleum Development Company has declared force majeure (FM) on gas supplies to the Nigeria Liquefied Natural Gas (LNG) export facility on Bonny Island. “The Shell Petroleum Development Company of Nigeria Ltd (SPDC) declared force majeure on gas supply to NLNG on 8 August 2016, following a leak on the ...

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