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Day: July 27, 2017

Compliance level at seaports increasing –PTML Customs

The Area Controller of Nigeria Customs Service, Ports Terminal Multiservices Limited Command, Lagos, Mrs. Modupeola Aremu, has said that the degree of compliance by importers and agents with Customs’ rules and regulations  had increased, leading to a reduction in cases of infractions such as under-declaration, concealment, smuggling and other Customs-related trade malpractices. Aremu, who stated […]

NIMASA urges stakeholders to maximise maritime sector potential

The Nigerian Maritime Administration and Safety Agency has stressed the need to harness the huge economic opportunities in African seas and oceans. The Director-General, NIMASA, Dr. Dakuku Peterside, stated this during the celebration of the 2017 Africa Day of Seas and Oceans in Lagos. He stated that the African Union had declared the year 2015 […]

Why we intervened in Etisalat crisis – NCC

  The Nigerian Communications Commission has explained that it took the interest of investors, subscribers and employees of Etisalat Nigeria into consideration to align with the Central Bank of Nigeria in order to resolve the debt issue of the company, which is now known as 9mobile, and a consortium of 13 banks. The Executive Vice […]

MDAs owe N115bn in tax liabilities

  Ministries, Departments and Agencies of the federal and state governments owe over N115bn in tax liabilities, the Revenue Mobilisation Allocation and Fiscal Commission has said. The RMAFC said this in a statement made available to our correspondent in Abuja on Wednesday by its Head of Public Relations, Mr. Ibrahim Mohammed. Mohammed said the commission […]

N-Power- Agro begins assessment of candidates

The Federal Government on Thursday said assessment of candidates who volunteered under its empowerment programme, N-Power, N-Agro category has commenced. N-Power, in a statement on its twitter handle disclosed that it has sent out SMS to shortlisted candidates. The scheme also directed those who have not received its messages to log onto its site using […]

Nigerian Stocks Haven’t Had a Run This Good Since 2001

      Nigerian stocks have rallied for 16 successive days, a feat last accomplished in 2001. That’s taken the benchmark index, the world’s worst performer of 2016 in dollars, to an almost 50 percent gain since early March, the best globally. Traders are betting the economy will soon emerge from a recession and a […]

Customs service hits N486bn revenue in 6 months

The Nigeria Customs Service (NCS) has recorded a revenue figure of N486 billion from January to June, as against the N385 billion realised in the same period in 2016. Mr Joseph Attah, the Public Relations Officer, NCS, gave the figure in an interview with the newsmen on Wednesday in Abuja. Attah said that the service […]

Stock Exchange market capitalization sustains growth

  After hitting  the 12 trillion Naira mark on Tuesday,  the market capitalisation which opened at 12,246 trillion Naira, further increased by 417 billion Naira or 3.41% to close today  at 12,6623 trillion  Naira. The All Share Index on the other hand opened  at 35,533.00 basis points to close at 36,740.77basis points,  gaining 1207.77 basis […]

Acting President Osinbajo to commission fertiliser plant

Nigeria’s Acting President, Yemi Osinbajo, is set to commission a new world-class fertiliser plant. The fertiliser plant was built by Indorama Eleme Fertiliser and Chemicals Limited, in Port Harcourt, Rivers State. A statement from the office of the Ag.President said  on Wednesday that the plant with production capacity for 1.5 million Metric Tons of Urea […]

Nigeria set to attract investors in shipping Operations

Nigeria’s Waterways is set to strengthen the desired machinery towards deriving the benefits of investment in coastal and Inland Shipping operations, to attract investors. This comes on the heels of the deliberations of the government agencies and stakeholders at the second International conference and Exhibition tagged “NIWA ICE 2017” held in Lagos. The Minister of […]