By Godwin Oritse THE Port and Terminal  Multi-services Limited (PTML) Customs Command of the Nigeria Customs Service (NCS) has  intercepted 76 round of live ammunition and a spent bullet concealed in two vehicles. Disclosing this to newsmen in Lagos yesterday, the Customs Area Comptroller of the Command Mr Austen Warikoru said that the ammunition which […]

Having overcome the challenges posed by the operating environment, shareholders of May and Baker Nigeria Plc on Tuesday commended the Board of Directors for declaring a dividend of N280 million for the financial year ended December 31, 2008.

Unit holders of CSL Stockbrokers Limited Legacy Fund was denied dividend despite the Fund Manager declaring N143.7 million Profit After Tax (PAT) for the financial year ended December 31, 2008.

A senior Customs officer serving at the Seme border Command of the Nigeria Customs Service (NCS), is on the run over his alleged involvement in a N750 million import duty fraud which took place at the Command between May 2006 and December 2008.

The Nigeria Customs Service (NCS) has redeployed some of its Comptrollers in a bid to meet the challenges of the Service in terms trade facilitation and revenue target handed to it by the federalgovernment.

NEWLY appointed Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Mr. Temisan Omatseye, has said that his administration will transform the Nigerian maritime sector into a force to be reckoned with amongst the comity of maritime nations.

As a means of subverting the Cabotage Act meant to protect the nation’s coastal trade, foreign shipowners bringing in petroleum products into the country have resorted to anchoring outside the country’s waters to prevent enforcement of the law.

A cargo scanner installed by Global Scansysystems Ltd and valued at over 5 million dollars (N750 million) has been under_utilised at the Calabar port, the Chief Executive Officer of the firm, Mr Fred Udechukwu has said.

Olam Nigeria Ltd., said its foray into rice farming was to help propel the country to become one of the leading rice producing and exporting nations.

“In Nigeria, infrastructure is a major challenge, once we have infrastructure, this country will grow and a lot of companies will spring up. In this country, if you provide quality service, Nigerians will pay, no matter how much, Nigerians are ready to pay”