AN officials of the Federal Airports Authority of Nigeria (FAAN) has arrested a suspect over alleged attempt to traffic $271.14m (N54.35bn) through the Murtala Muhammed Airport, Ikeja. In a statement, the FAAN Deputy General Manager, Corporate Affairs, Onyekwere Nnaekpe, said…
Lawyer drags Buhari to Court over appointment of Ali as Customs boss
A lawyer based in Enugu, Ifeanyichukwu Okonkwo has filed a suit at the Federal High Court Umuahia, Abia state challenging the constitutionality of the appointment of Col. Hameed Ibrahim Ali (rtd) as the Comptroller-General of the Nigeria Customs Service by…
Dangote Cement to Generate Jobs in Cameroon
The Managing Director of Dangote Group, Onne Vander Weijde, has declared the preparedness of the company to create about 150 to 300 jobs in Cameroon. In an interview with CNBC, he said: “Thousands of jobs are being created [indirectly] through…
Warri refinery gets 90-day Ultimatum
THE Nigerian National Petroleum Corporation (NNPC) has challenged the management of Warri Refining and Petrochemicals Company (WRPC) to commenced full production within 90 days. Group Managing Director of NNPC, Dr. Ibe Kachikwu, who gave the ultimatum during a tour of the…
FG reveals Buhari, Osinbajo assets
The Federal Government has disclosed details of the assets of President Muhammadu Buhari and Vice President Yemi Osinbajo, as declared to the Code of Conduct Bureau. A statement issued by Senior Special Assistant to the President (Media and Publicity), Garba…
UBA declares 20k interim dividend
FOREMOST financial services group, United Bank for Africa (UBA) Plc, has announced its audited 2015 half year financial results. The results showed strong growth in earnings and profits, as the Bank continued to benefit from its determination to provide value to…
NNPC refutes agenda to sell refineries
The Nigerian National Petroleum Corporation (NNPC) has denied any agenda to sell existing refineries. However, NNPC clarified that it may consider encouraging joint venture investments in the facilities. In a statement, the Group Managing Director of the NNPC, Dr. Ibe…
Govt probes NIMASA projects
The Federal Ministry of Transport has constituted a committee to carry out verification of all projects currently being executed by the Nigerian Maritime Administration and Safety Agency (NIMASA). The committee which has members drawn from the Federal Ministry of Transport,…
NNPC to tackle oil theft with drones
Nigeria National Petroleum Corporation (NNPC) has announced plans to deploy drones to monitor the movement of oil bearing vessels across the nation’s waterways. The Group Managing Director of NNPC, Dr. Ibe Kachikwu, explained that from June 2014 to June 2015,…
Customs impounds bullet-proof Toyota SUVs
FOR allegedly bringing the vehicles into Nigeria illegally, the Nigeria Customs Service (NCS), Federal Operations Unit (FOU), Zone ‘C’ Owerri has impounded 13 new vehicles, including two bullet-proof Toyota Prado Sports Utility Vehicles (SUVs). The Customs Area Controller (CAC), Comptroller…
Odegbami to contest FIFA Presidency
Segun Odegbami has joined the race for FIFA Presidency. The election is expected to produce the successor of Joseph Sepp Blatter as President of the World soccer-governing body. Candidates have until October 26, 2015 to come forward to signify interest….
Nigeria exports N2.1trillion petroleum products in Q2
The Federal Government exported not less than N2.1trillion petroleum products in the second quarter of this year (2015). Information put together by the National Bureau of Statistics (NBS) explained that this represents a 73.7 per cent of the value of…
Customs generates N20.1b at MMIA
BETWEEN January and July, the Nigerian Customs Service (NCS) at the Murtala Muhammed International Airport (MMAI) Command generated N20.111 billion revenue. Also within the period, the command the Lagos airport command of NCS said it collected over N5.209 billion in…
Dangote cement targets 100 tonnes by 2020
THE President of Dangote Group, Aliko Dangote has announced plans to increase his cement plants’ capacity to 100 million tonnes by 2020. Dangote explained that Africa needs to deliberately improve its per capita consumption of cement in order to aid…