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 N2.87 trillion,…
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 affected…
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 all…
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 Nigeria’s sea…
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 their pumps…
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…
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…
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 collapsed as it…
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 Villa, on Wednesday,…
‘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…
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 Bello,…
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…
Nigeria has 146 private jets, says NCAA
NOT less than 146 private jets are in Nigeria. Confirming the development, the Nigerian Civil Aviation Authority (NCAA) disclosed that out of the 146 corporate jets, only 46 were registered in Nigeria while 100 has foreign registration. Director General of…
NNPC probes oil contracts
THE Federal Government through Nigerian National Petroleum Corporation (NNPC) has commenced review of all Production Sharing Contracts, Joint Venture Agreements and all other contracts between it and its various partners. Meanwhile, the NNPC is to meet today with key officials…