THE Headquarters Monitoring Team of Nigeria Customs Service (NCS) has intercepted five 2015 Toyota Corrola along Lagos-Shagamu Expressway. A statement issued by NCS explained that the cars has a duty paid value of N35.1million. In a related development, as the…
NIMASA pledges to support stevedoring firms
The Acting Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Mr. Haruna Baba Jauro has assured Stevedoring companies of a quick resolution to some of the issues challenging their operations. The DG stated this when he played…
NLC lauds CBN for publishing bank debtors
THE headquarters of Nigeria Labour Congress (NLC has commended the Central Bank of Nigeria’s (CBN) directive to banks to publish names of chronic debtors. Secretary of the NLC, Peter Eson-Ozo, explained that the development would strengthen the economy. The congress…
Omatek tasks banks, others on adoption of solar technology in Nigeria
AN indigenous Information Technology (ICT) firm has, Omatek has stressed the need to fully explore solar technology in Nigeria. The management of the firm also advised industries including banks, telecommunications, medics, schools, manufacturing companies and other private firms to maximise…
Buhari orders reduction of expenditure
President Muhammadu Buhari Monday in Abuja ordered the National Planning Commission (NPC) to go back to the drawing board and produce the framework for a 2016 national budget that will reduce recurrent expenditure and prioritize developmental projects. President Buhari gave…
APM Terminals appoint Ransome-Kuti DMD
APM Terminals Apapa has announced the appointment of Olufemi Ransom-Kuti as its Deputy Managing Director. Olufemi brings to this role 14 years of experience in supply chain operations and project management. Before joining APM Terminals, he worked with Lafarge WAPCO…
Dangote Cement declares N121.8b in six months
DANGOTE Cement Plc has declared Profit After Tax (PAT) of N121.808 billion in the six-month period ended June 30, 2015, amounting to a 21.65 per cent increase over the N95.440 billion recorded in the same period in 2014. Detail of…
NIMASA Redeploys Directors
THE Nigerian Maritime Administration and Safety Agency (NIMASA) has redeployed some senior management staff of the Agency. The new posting, according to acting Director General/Chief Executive Officer, Mr. Haruna Baba Jauro are expected to reposition the Agency towards meeting its…
Fatter ships underway
EXPERTS expect more wide-beam 14,000- to 15,000-TEU (Twenty foot equivalent) ships with 21-deck rows and 53.5 metre beams. According to Alphaliner, the wider-beam ships are coming given the popularity of wide-beamed 8,500 – 10,000-TEUers. How carriers propose to fill these…
ECOWAS Bank renews president tenure
The Board of Governors of the Economic Community of West Africa (ECOWAS) Bank for Investment and Development (EBID) which comprises Finance Ministers from the 15-Member States of ECOWAS has renewed the tenure of the President of the Bank, Mr. Bashir…
Buhari renews appointment of MAN Rector
President Muhammadu Buhari on has renewed the appointment of Joshua Okpo as the Rector of the Maritime Academy of Nigeria (MAN) Oron for a second and final term of four years, according to a statement by the Special Adviser to…
Customs reviews plan to shut down Intercontinental Hotel
THE National Headquarters of Nigerian Customs Service (NCS) has reviewed its earlier plans to shut down Intercontinental Hotel over alleged default in the payment of duty on imported rice. A statement sent to Citybusinessnews by Public Relation Officer, Wale Adenityi…
NCAA gives debtor airlines two weeks ultimatum
THE management of Nigerian Civil Aviation Authority (NCAA) has threatened to publish names and amount being owed by each airline operating in the country within 14 days. NCAA explained that the airlines had refused to remit the 14if the carriers…
SEC pledges to tackle unclaimed dividend with e-payment platform
THE Securities and Exchange Commission (SEC) has unveiled e-dividend payment platform. Director-General of SEC, Mounir Gwarzo, explained that the platform was initiated in collaboration with the Central Bank of Nigeria (CBN) and the Nigeria Inter-Bank Settlement System (NIBSS). According to…