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Monthly Archives: September 2016

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 ...

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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 ...

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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 ...

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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) ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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