L-R: Aliyu Toro, Chief Superintendent of Customs; Adesola Adeduntan, MD/CEO First Bank of Nigeria Limited and Subsidiaries; Bayo Adeniji, Director, First Street Limited; and Gbenga Shobo, Deputy Managing Director, First Bank of Nigeria Limited at the FirstLounge launch
Weststar unveils four new Mercedes-Benz models
Mercedes-Benz, represented in Nigeria by Weststar Associates has consolidated its leadership position in the luxury segment with four new models. Highly respected in Nigeria because of its decades of resilience and first class after sales support, the new products according…
Nigeria to host 32 countries on future of maritime in Africa
Come April 19th-21, 2017, Nigeria would be hosting the 3rd Conference of the Association of Heads of African Maritime Administrations (AAMA Conference) in Abuja, at the Transcorp Hilton Hotel. The meeting which will be hosted by the Nigerian Maritime Administration…
SEC Seals Yuan Dong over ‘illegal activities’
Citing need to protect investors and ensure that illegal operators are not allowed to operate in Nigeria’s capital market, the Securities and Exchange Commission, Nigeria (SEC) has sealed up the premises of Yuan Dong (YDEC). According to a statement by…
FG recalls two sacked NCAA directors
The federal government has recalled two out of the nine directors who were sacked from the Nigerian Civil Aviation Authority (NCAA) on Friday. The duo are Adamu Abdullahi, Director of Consumer Protection, and Ayodele Sasegbon, Director of general aviation. Sam…
Dogara lauds Oslo Summit on Food Crisis in North East
Speaker of the House of Representatives Yakubu Dogara, has commended the convening of World leaders in Oslo, Norway, “which saw donors pledging $672 to tackle food crisis in the north east for the next three years”. In a statement issued…
VW’s profit boost clouded by $6.8b diesel-crisis charge
By Christoph Rauwald (Bloomberg) and Reuters – Volkswagen Group’s provisions for its diesel-cheating scandal increased by 6.4 billion euros ($6.8 billion) last year, as the automaker continued to tally the damages from the worst business crisis in its history. That…
2017: Customs targets N1.1 tri revenue
For the year 2017, the Nigeria Customs Service (NSC) has set a revenue target of N1.1 trillion. At the end of a strategic management meeting, the Comptroller-General of Customs, Hameed Ali,in a statement issued by national Public Relations Officer (PRO),…
ICC lauds WestBlue Consulting on improved trade facilitation in Ghana
The International Chamber of Commerce (ICC) Office in Ghana has commended Westblue Consulting Limited, technical consultant of the Ghana Single Window Project, for its salutary role in simplifying the country’s cross-border trade, thereby enhancing the competitiveness of the Ghanaian economy…
CBN re-introduces charges on cash deposits, withdrawals
About three years after the policy was suspended, the Central Bank of Nigeria (CBN) on Thursday announced the re-introduction of bank charges on certain categories of cash deposits and withdrawals. In a circular to all Deposit Money Banks posted on…
Communities, 44 varsities to benefit from N20b green bond
Not less than 44 Nigerian universities and several communities are to benefit from the proposed N20billion sovereign green bond scheduled to commence next month. Speaking at the investors’ conference for the green bond at the Nigerian Stock Exchange (NSE) on…
NIMASA team at Customs HQ, canvasses synergy, revenue, trade facilitation
The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has stated that NIMASA and the Nigerian Customs Service (NCS) are partners in progress in bringing the desired growth and development to the Nigerian maritime…
NLNG records explosion along gas transmission pipelines
The Nigeria Liquefied Natural Gas (NLNG) on Wednesday recorded an explosion on a section of its right of way housing two gas transmission pipelines. A statement issued by NLNG General Manager (External Relations), Kudo Eresia-Eke, explained that one of the…
EFCC recovers 17 vehicles from Dikko, ex-Customs boss
The Economic and Financial Crimes Commission (EFCC) on Wednesday disclosed that it has recovered 17 “exotic vehicles’’ in a warehouse belonging to a former Comptroller-General of Customs, Abdullahi Dikko Inde. A statement issued by Wilson Uwujaren, Head, Media and Publicity…