NPA welcomes media reports on Committee of Maritime Professionals’ statement
The attention of the management of the Nigerian Port Authority (NPA) has been drawn to a news report in the Saturday, June 3, 2017 edition of THISDAY with the headline “Stop Your Anti-Port Investors’ Campaign, CMP Counsels Usman” The report,…
With the rate of external borrowing, Nigeria may become insolvent soon—Experts
Insolvency, the climax state of indebtedness and financial leprosy likened to what happened to Greece is near in Nigeria as a nation going by the level of request for foreign loans and the current state of unproductiveness in the economy….
Ultimatum issued by Arewa youth capable of killing business spirit in Nigeria—Atiku
Former Vice President and chieftain of All Progressives Congress (APC), Atiku Abubakar has said that “the ultimatum issued by a Northern youth coalition to the Igbos to quit the region and the counter response by a South-east group is not…
NPA, Customs join forces to speed up Executive Order in Nigerian Ports
The combined authorities of the Nigerian Ports Authority (NPA) and Nigerian Customs Service (NCS) on Wednesday in Apapa sealed a new pact to drive the Executive Order issued by the Acting President on ease of doing business as it concerns…
For recovery of N11.6bn, FG pays N375.8m to 20 W/Blowers after tax deductions
Fresh energy has been pumped to the effectiveness of the Whistle Blowing Policy following the payment of a total of N375.8m to 20 whistle blowers who aided the seamless recovery of N11.6bn. but this was after deducting taxes on the…
Nigerians hail Immigration on arrest of over 30 ZTE expatriate staff without work permits
More Nigerians have welcomed the quick action of the operatives of the Nigerian Immigration Service (NIS) for swooping into action on getting reports about large number of Asians working for ZTE Nigeria without work permits. Over 30 foreign nationals mainly Asians were…
Beware! Fraudsters now pose like foreign investors coming to invest in Nigeria
Yahoo-Yahoo Boys’ as they are commonly called in Nigeria and parts of West Africa may have relied on the growing enabling environment for investors and the improving ease of doing business in Nigeria to change their narrative in luring victims…
Why Zenith Bank’s $500 million Eurobond oversubscribed by 300 percent
Finance pundits have started looking at the factors considered by market makers to rush for the Zenith Bank’s $500 million Eurobond which resulted in the oversubscription. Business Hilights recalls that Zenith Bank, one of Nigeria’s largest banks, has announced that…
Finally, S/Africa joins Nigeria in recession as economy shrinks 0.7% in Q1
At a time the Nigeria economy is looking set to exit the arena of recession, South Africa’s economy contracted in the first quarter of this year, pushing the continent’s largest economy into its first recession since 2009, the official statistics…
Fidelity Bank churns out new graduates from its Crest Academy
Leading indigenous banking group, Fidelity Bank Plc., has released a set of banking eagles from its Fidelity Crest Academy. This is coming after a compact three months of learning and academic exercises. Injecting the graduates of the school into the…
