The strike called by the Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC) which entered its fifth day Friday, has caused the nation’s maritime industry over N13.20 billion.

The non-oil sector will drive Nigeria’s economic growth in 2012, with the country’s Gross Domestic Product, GDP, expected to grow at 8.1 per cent, says analysts at FBN Capital Limited.

Mr. Francis Barde, Head of Corporate Affairs in Union Bank of Nigeria, has said that the problem of security and infrastructure could pose challenges to the success of new cashless policy of the Central Bank of Nigeria.

The removal of subsidy from petroleum products will lead to an increase in financing charges and bring about further pressure on companies’ profitability and cashflows in 2012, says Mr. Tola Odukoya, an analyst with Dunn Loren and Merrifield, DLM.

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has called on the Federal Government to douse the raging fuel subsidy removal protests across the country by adopting phased subsidy removal.

THE maritime industry loses over N21.6 billion annually to fuel subsidy related issues, Senior Special Adviser to the President on Maritime, Mr. Leke Oyewole, has said.

The Bank of Industry(BOI) has entered into a strategic partnership with the Nigerian Olympic Committee (NOC) to showcase made in Nigeria products at the forthcoming 2012 Olympics in London.

THE Apapa area one Command of the Nigeria Customs Service (NCS) has issued a warning to agents and importers over uncleared Single Goods Declaration (SGDs) forms.

Eleven banks have finalised their participation in the N30 billion Agricultural inputs fund for the 2012 farming season, with the commencement of disbursement of the fund to Agro-Dealers across the country.

Eleven banks have finalised their participation in the N30 billion Agricultural inputs fund for the 2012 farming season, with the commencement of disbursement of the fund to Agro-Dealers across the country.