City BusinessNews

August 27, 2015 No Responses

NNPC cancels crude oil delivery contract to refineries

AS part of measure to boost operational efficiency, the Nigerian National Petroleum Corporation (NNPC) has cancelled contracts for supply of crude oil to refineries. In a statement issued by General Manager, Group Public Affairs Division, Ohi Alegbe, NNPC explained that...

August 26, 2015 No Responses

FIRS pledges to boosts tax revenue

THE Federal Inland Revenue Service (FIRS) has pledged to raise the nation’s tax revenue. Speaking in Abuja on assumption of office, the Acting Chairman, Mr Babatunde Fowler said the agency would work with all relevant stakeholders. A statement issued by...

August 26, 2015 No Responses

Dangote Cement, FBN Holdings, others join NSE premium index board

Foremost listed firms, Dangote cement Plc, FBN Holdings Plc and Zenith International Bank Plc have joined new Nigerian Stock Exchange (NSE) Premium Board and the associated Premium Board Index. The firms were cleared based on market capitalisation of N2....

August 25, 2015 No Responses

Customs redeploys Comptrollers

PRESS STATEMENT As part of the new resolve to tighten border security and pursue vigorously the achievement of 2015 revenue target, the Acting Comptroller-General of Customs, Dr. John Atte MFR has approved the redeployment of 5 Customs Comptrollers. The affect...

August 25, 2015 No Responses

Ministry inaugurates committee on national carrier

The Permanent Secretary in the ministry of aviation, Binta Bello, has inaugurated the committee on the establishment of the country’s flag carrier. Speaking at the inauguration in Abuja, Bello charged members of the committees to pursue the assignment with...

August 24, 2015 No Responses

NIMASA assures Niger Republic of seamless Cargo transit

The Acting Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Mr. Haruna Baba Jauro has restated the Agency’s commitment to remove all barriers to seamless facilitation of transit cargo to the Republic of Niger through Ni...

August 22, 2015 No Responses

DPR clampdown on NNPC petrol station, others over alleged under-dispensing

The Department of Petroleum Resources (DPR) has shut down 16 stations in different parts of Lagos including Nigeria National Petroleum Corporation (NNPC) outlets over alleged underdispensing of products. DPR discovered that instead of the N87 per litre on thei...

August 21, 2015 No Responses

Acting Customs boss task Officers on N35b daily revenue

Customs Area Controllers have been given marching orders to increase weekly average revenue from the current N13 billion to N35 billion. The directive was part of decisions taken during a strategy session of Customs Management and Customs Area Controllers in.....

August 20, 2015 No Responses

Total suspends expedition of crude

CITING oil spill and fresh excavation on the pipeline’s right of way, the management of Total Exploration and Production Nigeria Limited has stopped the expedition of crude on its Obagi-Rumuekpe 12 oil export pipeline. In a statement signed by its...

August 20, 2015 No Responses

Probe Destination Inspection scheme, group tells Buhari

President of National Council of Managing Directors of the Licensed Customs Agents, Mr. Lucky Amiwero, has called on President Muhammadu Buhari to investigation the current operation of the Destination Inspection scheme. He alleged that the scheme had coll...

August 20, 2015 No Responses

Buhari directs NNPC to partner indigenous oil and gas firms

President Muhammadu Buhari has assured indigenous companies operating in Nigeria’s oil and gas sector of the full support and protection of his administration. At a meeting with members of the Independent Petroleum Producers Association in the Presidential V...

August 19, 2015 No Responses

‘NIMASA’s partnership with Nigerian Navy Beneficial to Maritime Sector’

The Acting Director General of the Nigerian Maritime Administration and Safety Agency, (NIMASA) Mr. Haruna Baba Jauro has described the partnership between the Agency and the Nigerian Navy as beneficial to the growth and development of the maritime sector and....

August 18, 2015 No Responses

UBA gets award as largest lender to agriculture

United Bank for Africa (UBA) plc has been honoured as Nigeria’s biggest lender to agriculture by the Lagos Chamber of Commerce and Industry (LCCI). Listing some of the consideration LCCI considered in selecting winning companies for the awards, Aderemi Bel...

August 17, 2015 No Responses

Buhari accept Dikko’s resignation

The President and Commander In Chief of the Nigerian Armed Forces, Alhaji Muhammadu Buhari GCFR, has approved the voluntary retirement of the Comptroller-General of Customs Dikko Inde Abdullahi CFR from service with effect from Tuesday 18th August 2015. 2. In....