Category Archives: cover

Reps approve Buhari’s $2.7bn loan request, $82.54m to refinance Eurobond

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The House of Representatives has approved President Muhammadu Buhari’s request to raise $2.7bn from the international capital market. The House gave the approval at its sitting in Abuja on Tuesday, which was presided over by the Speaker, Mr Yakubu Dogara. Lawmakers also gave the President the nod to raise $82.54m “to refinance the balance of […]

FG to carve five firms out of NIPOST

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The Federal Government is set to carve out five companies from the Nigerian Postal Service, the Minister of Communications, Mr Adebayo Shittu, has said. Shittu, who stated this in an exclusive interview with our correspondent on Monday, disclosed that the move was part of efforts to reform the postal service and put it on the […]

IATA, UBA collaborate on new payment systems for airlines

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The International Air Transport Association and the United Bank for Africa Plc are collaborating on a new financial settlement system for airlines and travel agencies. The new system, the New Generation of IATA Settlement Systems, according to the Area Manager, IATA South-West Africa, Dr Samson Fatokun, is an improvement on the current billing settlement plan […]

Aviation experts decry continued closure of Warri airport

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 Experts under the aegis of Aviation Round Table and Safety Initiative have called on the Nigerian Civil Aviation Authority, the Nigerian Air Apace Management Agency and other relevant stakeholders to urgently resolve the issues surrounding the closure of Warri airport. The airport was closed on September 3, when NAMA withdrew its navigational services over alleged […]

Customs Senior Officers Promotion Tests postponed indefinitely, Amid Anger, Confusion

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There confusion and somewhat panic after a long scheduled promotion examination for the next generation of top management personnel was abruptly cancelled after all the 1,164 officers were already gathered at the Abuja headquarters of the Joint Admissions and Matriculation Board (JAMB) at 7 o clock  Monday morning. Officers from the level of Superintendent to […]

NIMASA Advocates Zero Tolerance to Marine Accidents

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dakuku-peterside-

By Udo ONYEKA  The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has urged players in the maritime sector especially enforcement officers to comply with safety rules that would eliminate marine accidents and other related issues that may arise from marine operational mishandling. The DG said this at the […]

Vibrant Commodities Exchange‘ll Grow Economy- SEC DG

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SEC Targets 4% Investor Participation in the Capital Market

By Udo ONYEKA The Securities and Exchange Commission (SEC) has said that a more organized Commodities Exchange Market in the country would enhance efficiency and lead to economic growth and development. Acting Director General of SEC, Ms. Mary Uduk made this known in Abuja at the weekend when she received members of the Commodities Trading Ecosystem […]

LCCI: Dangote’s $2b refinery project’ll boost downstream

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The Organised Private Sector (OPS) under the auspices of Lagos Chamber of Commerce and Industry (LCCI) said Dangote Oil Refining and Petrochemicals will transform the downstream oil sector of the petroleum industry. Beyond that, the group said the economic benefits of the oil refinery, when completed would have  far reaching positive effects on the lives […]

NIMASA goes tough on dangerous imports

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The  Nigerian Maritime Administration and Safety Agency (NIMASA) has vowed to deal with those involved in the shipment of dangerous goods to the country. The agency, sources said, is to implement safety codes on dangerous goods to enhance safety in the marine environment. Its Director of Operations, Mr Rotimi Fashakin, said the indiscriminate dumping of […]

FMBN inaugurates N8m houses for Nasarawa civil servants

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In an effort to reduce housing deficit in the country, the Federal Mortgage Bank of Nigeria has inaugurated a housing programme in Nasarawa State to serve as a pilot scheme towards providing 1,400 units across the nation. The Managing Director/Chief Executive, FMBN, Ahmed Dangiwa, disclosed this at the ground-breaking of the FMBN, Nigeria Labour Congress,Trade […]