OPEC to cut output by 750,000 barrels per day
The Organization of Petroleum Exporting Countries (OPEC) has agreed to cut production by 750,000 barrels a day. The surprise news triggered an immediate spike of more than 5 percent in crude prices, as markets had expected the Algiers meeting to…
Shipping can replace oil sales as nation’s revenue earner–Afolabi, Sifax Bo
Group Executive Vice Chairman Sifax Group, Dr. Taiwo Afolabi has called on the federal government to anchor the ongoing campaign on diversification of the economy on maritime sector considering the capacity of the industry to replace oil earnings in the…
CBN yet to reveal banks audit report
Considering high speculation on the would-be content of the ongoing stress test on commercial banks by the Central Bank of Nigeria (CBN), the apex bank has warned some segments of the press over misleading reports purporting to reveal decisions taken…
Merger of Customs, FIRS imminent–Report
If the recommendations of the National Tax Policy Review Committee are anything to go by, indications are rife that the Federal Government will merge the Federal Inland Revenue Service (FIRS) and Nigeria Customs Service (NCS). This, according to the Committee,…
NCAA, Emirates, others to meet over naira rejection for airfare
Following the rejection of Nigerian Naira by Emirates Airline for air fare payments for a flight from Lagos to Brazil on Monday night, the Nigerian Civil Aviation Authority (NCAA) has concluded plans to meet with foreign airlines operating in the…
We don’t get 60% forex, MAN tells CBN, seeks sale of assets
The Manufacturers Association of Nigeria (MAN) has disclosed that barley two weeks after the Central Bank of Nigeria (CBN) said foreign exchange allocation to the real sector would be increased to 60 per cent, banking are not complying with the…
Resuscitate Warri port, Olu of Warri charges NIMASA DG
The Olu of Warri, Ogiame Ikenwoli Emiko has appealed to the Nigerian Maritime Administration and Safety Agency, (NIMASA) to facilitate the effective utilisation of the Warri Port and the Koko Port with a view to reviving the economic activities in…
We are Strengthening Zonal Operations to Enhance Efficiency – Dr. Peterside
The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has expressed the Agency’s determination to strengthen its Zonal operations to become the centre of the Agency’s activities. By so doing the Agency plans to…
Budget Padding: Twist as Reps Suspend Jibrin For 180 Days
The House of Representatives on Wednesday suspended the immediate former Chairman, Committee on Appropriation, Abdulmumin Jibrin, for 180 legislative days following the adoption of the recommendations of the Nicholas Ossai-led Ethics and Privileges Committee. The Committee laid the report earlier…
BlackBerry seals Joint Venture Deal with BB Merah Putih, ends device manufacture
BlackBerry Limited, a global software leader in securing, connecting and mobilizing enterprises, announced an agreement with newly formed joint venture PT BB Merah Putih to license BlackBerry software and services for the production of handsets for the Indonesian market.This partnership…
