NIMASA begins 24 hour turnaround time for issuing debit notes

NIMASA begins 24 hour turnaround time for issuing debit notes

In compliance with the Presidential directive on the resumption of 24 hour port operations in Lagos ports, the Nigerian Maritime Administration and Safety Agency (NIMASA) has commenced a 24 hour turnaround time for analysing cargo manifests and issuing Debit Notes...
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FG lauds Heritage Bank commitment to entertainment industry

FG lauds Heritage Bank commitment to entertainment industry

For its commitment to the development and growth of the creative industry in Nigeria, the Federal Government has commended Heritage Bank Limited.  The Minister of Information and Culture, Alhaji Lai Mohammed gave the commendation at a two-day Creative Nigeria...
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Nigeria to inaugurate $700,000 capacity development facility for youth agripreneurs

Nigeria to inaugurate $700,000 capacity development facility for youth agripreneurs

Nigeria will on Monday 24 July, 2017 inaugurate $700,000 youth training facility comprising two major training rooms that can sit conveniently 50 trainees each.     Funded by the Federal Ministry of Agriculture and Rural Development and IITA, the facility s...
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Haastrup, Agbor, others to brainstorm on Nigerian Port Reforms at Taiwo Afolabi maritime conference

Haastrup, Agbor, others to brainstorm on Nigerian Port Reforms at Taiwo Afolabi maritime conference

The second edition of the Taiwo Afolabi Annual Maritime Conference will hold on Friday, August 4, 2017 at the University of Lagos.  The conference, held in honour of Dr. Taiwo Afolabi, Group Executive Vice-Chairman, SIFAX Group, is an initiative of...
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Panel blames shipping firms, terminal operators, others for alleged N30tri fraud at seaports

Panel blames shipping firms, terminal operators, others for alleged N30tri fraud at seaports

The Nigerian Senate Joint Committee on Customs and Marine Transport investigative panel on Thursday accused  some commercial banks, shipping firms, terminal operators of allegedly conniving with some officials of Customs and Nigeria Port Authority (NPA) to de...
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COSCO forecasts 50 % drop in profit

COSCO forecasts 50 % drop in profit

Hong Kong-listed COSCO Shipping Energy Transportation forecasts a drop in profit for the first six months of this year of up to 57 percent year-on-year. Specifically, the group’s net profit attributable to the equity holders is expected to range between...
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How to make African seaports competitive, by NIMASA   DG

How to make African seaports competitive, by NIMASA DG

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Photo News

Photo News

L-R: Minister of State Budget and National Planning Zainab Ahmed; Minister of Information and Culture All. Lai Mohammed; Publisher Frontiersnews Mr. Horatius Egua; Minister of Labour and Employment Dr Chris Ngige; Minister of Petroleum Resources Dr. Ibe Kachik...
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‘Any programme to be consumed by Nigerians must be produced in Nigeria’

‘Any programme to be consumed by Nigerians must be produced in Nigeria’

The Minister of Information and Culture, Alhaji Lai Mohammed, has reiterated the government’s decision that any programme meant for Nigerians must be produced in Nigeria, saying he was not appointed Minister to develop the economy of other countries a...
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Minister lauds Tony Elumelu’s commitment to job creation,  poverty alleviation.

Minister lauds Tony Elumelu’s commitment to job creation, poverty alleviation.

At the 30th Anniversary celebration of the award-winning Transcorp Hilton Abuja, the Honourable Minister of Labour and Employment, Chris Ngige, commended the relentless efforts of the chairman, Transnational Corporation of Nigeria Plc, Tony O. Elumelu CON, to...
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FG releases N243.8B second tranche of Paris Club refund to States, FCT

FG releases N243.8B second tranche of Paris Club refund to States, FCT

The second tranche of Paris Club refunds has been released by the Federal Government to the 36 states and the Federal Capital Territory (FCT).   A statement issued by the Director of Information, Ministry of Finance, Mr. Salisu Danbatta, explained...
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UBA lifts NSE’s activity chart

UBA lifts NSE’s activity chart

The United Bank for Africa (UBA) on Tuesday sustained its growth profile on the floor of Nigerian Stock Exchange (NSE)  with a turnover of 2.09 billion shares valued at N19.76Billion.  At the end of trading activities on Tuesday,  a total...
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WFE consolidates report on SME Exchanges

WFE consolidates report on SME Exchanges

The World Federation of Exchanges (WFE) on Tuesday jointly published a report with the Milken Institute on Small and Medium-sized Enterprises (SMEs) and SME exchanges.   According to WFE, the report consolidates results from initial independent research from ...
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WFE explains position on ledger technologies

WFE explains position on ledger technologies

The World Federation of Exchanges (WFE) on Monday responded to the United Kingdom (UK) Financial Conduct Authority’s (FCA)discussion paper on Distributed Ledger Technology (DLT).     According to the summarized response, the WFE is encouraged by regulator...
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