Business

Wage bill, other spending exceed subsidy savings — Oyedele

…Govt saved N15.8trn from subsidy removal, naira floatation …FG got only N5.43trn, borrowed N11.85trn …No large pool of cash available to FG By Emma Ujah, Abuja Bureau Chief ABUJA — The Federal Government has clarified that the N15.8 trillion saved from fuel subsidy removal and the flotation of the naira between June 2023 and December […]
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Group to honour maritime industry Icons

At least 10 maritime industry stakeholders who have distinguished themselves in various aspects of maritime and related fields and who recently emerged from a long list of previously short- listed top players are to be honored at a top- rate celebrity showcase which has been tagged “Maritime Industry Night of Honour”.

Militant attack: Insurance companies distance selves from claims

39 insurance companies on the Nigerian National Petroleum Corporation (NNPC) gave said that terrorism is not covered in the country therefore the federal government may continue to repair or replace damaged oil facilities in the country arising from attack by Niger Delta militants as

Reps, MAN differs on relocation of industries

Lawmakers and Manufacturers Association of Nigeria (MAN), have expressed contradictory stands on relocation of manufacturing industries in the country to neighbouring Ghana.

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 […]

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