PRESIDENT Muhamadu Buhari has advised the new Board of Nigerian National Petroleum Corporation (NNPC) to ensure the successful delivery of its mandate and serve the nation by upholding the public trust placed on them in managing “this critical national asset.”…
25 ships expected in Lagos Ports
Twenty five ships laden with petroleum products, food items and other goods are expected to arrive Apapa and Tin-Can Island ports in Lagos State. According to the Nigerian Ports Authority (NPA), the expected ships contained buck wheat, bulk sugar,…
Partnership with maritime nations key to economic growth, says NIMASA DG
COLLABORATION with various stakeholders across the globe is fundamental to unlocking the maritime opportunities in Nigeria, Director General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dakuku Peterside has said Welcoming the Acting Chinese Consul General, Mr. Li Yong to his…
Haastrup seeks support for ADR mechanism
THE Chairman of Seaport Terminal Operators Association of Nigeria (STOAN), Princess Vicky Haastrup, has commended the use of arbitration, mediation and other forms of Alternative Dispute Resolution (ADR) in settling commercial disputes in the maritime industry. Speaking during a…
Oando explains ‘facts behind the figures’
Top management staff of Oando Plc will today, July 4th, 2016 address Capital Market Stakeholders ‘with a Facts Behind the Figures Presentation and also sound the Closing Gong’. A team from City BusinessNews will be on ground to provide our…
Six Convicted for Conspiracy, Forgery, Counterfeiting, says Customs
Six persons accused of conspiracy, forgery and counterfeiting by the Nigeria Customs Service have been convicted by the Federal High Court, Lagos. The suspects were charged to court in 2013 and arraigned with a five count charge before Honourable Justice…
NPA set aside N241m for foreign medical expenses
THE Nigerian Ports Authority (NPA) is to spend N241 million before the end of this year on foreign medical expenses. The sum form part of the N382 million the parastatal has budgeted to cater for its medical expenses within the…
Haastrup seeks support for ADR mechanism
THE Chairman of Seaport Terminal Operators Association of Nigeria (STOAN), Princess Vicky Haastrup, has commended the use of arbitration, mediation and other forms of Alternative Dispute Resolution (ADR) in settling commercial disputes in the maritime industry. Speaking during a visit…
FRSC explains alternative routes along Lagos-Ibadan expressway
THE Lagos Sector Command of Federal Road Safety Corps (FRSC) has advised motorist who intend plying the Lagos-Ibadan Expressway between 1st to 3rd July, 2016 to either move early or take alternative routes to avoid being trapped in traffic along…
$11.117 b Lagos-Calabar rail contract to be ready in two years, says Amaechi
THE Federal Government has signed $11.117b contract agreement with the China Civil Engineering Construction Company (CCECC) for the construction of the Lagos-Calabar railway line. According to the minister of Transportation, Rotimi Amaechi, the first segment of the rail line, which…
FG unveils standard operating procedures for seaports
THE Federal Government has unveiled Standard Operating Procedure (SOP) and Port Services Support Portal (PSSP) for Nigerian Ports. Vice President, Yemi Osinbajo who performed the ceremony recently explained that the concept put together by the Nigerian Shippers’ Council (NSC) is…
Partnership with maritime nations key to economic growth, says NIMASA DG
COLLABORATION with various stakeholders across the globe is fundamental to unlocking the maritime opportunities in Nigeria, Director General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dakuku Peterside has said Welcoming the Acting Chinese Consul General, Mr. Li Yong to…
Buhari opposes social media bill
Citing the commitment of his administration to protect free speech in keeping with democratic tradition, President Muhammadu Buhari has pledged not to assent any legislation that might be inconsistent with the constitution. Reacting to the public outcry against the bill,…
FG Proposes N6tri Budget For 2016
For the fiscal year 2016, the Federal Government has proposed a budget of N6 trillion, allocating 30 percent of the budget to capital expenditure. It has also approved and submitted the Medium Term Expenditure Framework ( MTEF), to the National…