$1trn economy: NACCIMA woos Chinese investors to boost industrialisation
By Yinka Kolawole The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has announced the third edition of its Business and Investment Forum in Guangzhou, China, as part of efforts to attract sustainable foreign direct investment (FDI) and support the Federal Government’s ambition of building a $1 trillion economy by 2030. The forum, […]
MFB inter-bank market must be credible— Moorgate MFB boss
The microfinamce bank inter-bank market must be credible to attract patronage from operators of microfinance banks (MFBs).
Regional maritime bank to address funding
Minister of Transport Alh. Ibrahim Isa Bio, has said that the problem of shortage of funds hindering involvement of local operators in maritime sector of the nation’s economy will soon be addressed with the establish-ment of the expected regional Maritime Development Bank for Maritime Organizations of West and Central African States (MOWCA) to be sited in Nigeria.
… as PTML Command intercepts arms and ammunition
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 […]
Shareholders commend May & Baker on dividend payout
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.
CSL Legacy Fund unit holders get no dividend
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.
Senior Customs officer on the run over N750m fraud
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.
Customs Service reshuffles Comptrollers
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.
I will transform maritime sector —Omatseye
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.
Foreign shipowners move to neighbouring states to beat Cabotage
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.
N750 million cargo scanner idle in Calabar port
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.
