THE Federal Government has pledged to support the full implementation of International Cargo Tracking Note (ICTN) at Nigerian Ports. The ICTN is a web-based technological tool that monitors cargo from port of loading to destination. Receiving a delegation of the…
Fidelity Bank targets new opportunities
THE Group Managing Director of Fidelity Bank Plc, Nnadi Okonkwo has assured its customers and other stakeholders that the bank was well repositioned to leverage opportunities that would emerge from the new administration. Addressing Stockbrokers in Lagos, he explained that…
Buhari visit Cross Rivers today
PRESIDENT Muhammed Buhari is to visit Cross Rivers State today to kick off the construction of 260 kilometre six-lane super highway in Calabar, the state capital. Already, the State governor, Ben Ayade, has restated government’s readiness to host the President….
New Ship Owners body debuts, names Kalu, others interim management
The maritime industry globally is set to meet its full potential following the unveiling of an umbrella body for all national, regional and international associations of ship owners called World Ship Owners Association (WSOA). The association which was established in…
NPA pledges to partner Customs on revenue generation
The Nigerian Ports Authority (NPA) and the Nigerian Customs Services (NCS) have reiterated their resolve to work, collaborate and partner with a view to enhancing the revenue generation strategies of the Federal Government from the nation’s seaports. One way of…
Fidelity to list N30b on FMDQ platform
AS part of measures to boost Small and Meduim Enterprises (SMEs) financing and enhance domestic debt market, Fidelity Bank Plc has listed N30bn bond on FMDQ OTC. This follows the listing the Nigeria Mortgage Refinance Company Plc (NMRC) ₦8b series 1, 15-Year…
Shareholders laud UBA’s Q3 results
CITING what they described as ‘favourable indices’, shareholders at the weekend commended the board, management and staff of UBA for the results attained in Q3. Speaking with CityBusiness News in Lagos, the shareholders emphasized the need for the bank to sustain…
Ministry reviews employment at NIMASA
The Federal Ministry of Transport has commenced a review of employments, placements and promotions embarked upon by the Nigerian Maritime Administration and Safety Agency (NIMASA) since 2010. The committee, which is headed by the Ministry’s Director of Human Resources, Mr….
BVN hits 20 million
LESS than 47 days to the second deadline of October 31, 2015, the Biometric Verification Number (BVN) project has recorded 20-million mark. Meanwhile, three of the four major telecommunications giant- Etisalat, Airtel and MTN Nigeria have indicated interest to collaborate…
First Bank unveils new products for schools
New products aimed at supporting school operators and entrepreneurs has been unveiled by the management of First Bank of Nigeria Limited. According to the bank, the product are: FirstEdu Loan, Operational Vehicle Loan, Commercial Mortgage and Personal Loan against Salary…
New customs CG pledges to enhance capacity, generate more revenue
THE new Comptroller-General of Nigeria Customs Service (NCS) Col. Hameed Ibrahim Ali (Rtd) has pledged to undertake reforms and re-structuring as part of measures to enhance capacity and generate more revenue. The Comptroller-General stated this in Abuja at his maiden…
NNPC lifts ban on 113 oil tankers
The Nigerian National Petroleum Corporation has lifted ban on 113 vessels from engaging in crude oil/gas loading activities. In a letter dated September 8, 2015 NNPC explained that President Muhammadu Buhari had approved the consideration of all incoming ships subject…
Agents to shut down Lagos ports over restriction of trucks
The Association of Nigerian Licensed Customs Agents (ANLCA) has threatened to shut down Lagos ports over restriction order on movement of trucks within the metroplolis In a statement issued by the National Publicity Secretary of the association, Mr Kayode Farinto,…
NNPC unveils agenda for new refineries
The Nigerian National Petroleum Corporation (NNPC) has unveiled agenda for new refineries as part of measures to enhance performance in the oil sector. Speaking with Journalists in Kaduna after inspecting Kaduna Refining and Petrochemical Company, the Group Managing Director of…