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Sierra Leone Seeks ‘Colabo’ with Nigeria on Maritime Administration

UBarring any unforeseen bottlenecks, Nigeria and Sierra-Leone may soon engage in bilateral cooperation in the area of maritime administration aimed at boosting the capacity building and personnel training of the latter country, for her effective Ports State Control and seafarers training. Already, a high powered delegation from the Sierra-Leone Maritime ...

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Reps Query FIRS Over Failure To Refund N7.5bn Tax To Companies

The House of Representatives Ad-hoc Committee investigating accounting procedures of Federal Inland Revenue Service (FIRS) has queried the decision of FIRS to withhold tax refund due to companies. The service failed to make the refund the companies which suffered multiple taxation although the Office of the Accountant-General of the Federation ...

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China To Start Importing From Nigeria —Emefiele

The Governor of the Central bank of Nigeria (CBN), Godwin Emefiele, has said the Federal Government was talking with China so it would also be importing some of its own requirements from Nigeria. Mr Godwin Emefiele answering questions during his screening by the Senate for Central Bank Governorship in Abuja on ...

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Oni Joins Firstbank Board, Odubola Retires

First Bank of Nigeria Limited has announced the appointment of Dr. Remi Oni to its Board of Directors as Executive Director, Corporate Banking, effective April 15, 2016 and the retirement of Mr. Abiodun Odubola from its Board as Executive Director/CRO,  effective June 30, 2016. Odubola’s retirement is to enable him ...

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We Paid Nigerian Govt $42bn In Five Years – Shell

The Netherlands-based Royal Dutch Shell Plc on Monday said the economic contribution from Shell Petroleum Development Company of Nigeria Limited joint venture partners to the Federal Government was $42bn from 2011 to 2015. The oil giant said it paid the sum of $4.95bn to the Nigerian government last year as ...

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ENL Consortium threatens protesting dockworkers with sack,As NIMASA mediates for peace

ENL Consortium, a private operator of Terminals C and D of the Lagos Port Complex (LPC), Apapa has said that it is ready to pay off dockworkers that have elected to quit their jobs. The workers had engaged in peaceful protests against what they considered as unfair management policy towards ...

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NIMASA Seeks Collaboration With MARAN To Move Maritime Industry Forward

The Director-General and the Chief Executive Officer of the Nigerian Maritime Administration and Safety Agency(NIMASA), Dr Dakuku Peterside, has expressed his willingness  to partner the Maritime Reporters Association of Nigeria (MARAN) and other relevant stakeholders in his commitment towards robust, efficient, responsive and qualitative maritime administration in the country. In ...

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We Don’t Need The IMF Loan-Adeosun

The Federal Government has said the economic challenges currently facing the country are surmountable without it having to take any loan from the International Monetary Fund. The Minister of Finance, Mr Kemi Adeosun, stated this while speaking at the ongoing Spring Meetings of the IMF-World Bank in Washington DC, United ...

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FG Owes Power Firms N213bn – Electricity Firms

Chief Executive Officers of the Electricity Generation Companies of Nigeria, on Friday, appealed to the National Assembly to assist them in ensuring the payment of N213bn which the various Ministries, Departments and Agencies of the Federal Government are owing them. The leader of the group, Mr. Mohammed Daudu, made the ...

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Oil Crash: Angola Overtakes Nigeria In Crude Oil Production

As the crash in crude continues to hit hard on the country’s economy, Angola is now the number one oil producing nation in Africa, taking over the position of Nigeria. In its latest monthly report, the Organisation of Petroleum Exporting Countries, OPEC, said Nigeria’s oil production fell by 67,000 barrels per ...

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