Business

Customs releases impounded trucks after CGC’s intervention at bonded terminal

By Godwin Oritse The Nigeria Customs Service (NCS) has released 36 trucks belonging to members of the Association of Maritime Truck Owners (AMATO) that were impounded during an investigation into alleged trade infractions at Zarmmak Bonded Terminal in the Amuwo Odofin area of Lagos. The trucks were detained by Customs Police attached to the Zone ‘A’ […]
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SMEs: Lagos unveils plans to promote locally made products

As part of effort to promote Small and Medium Enterprises, SMEs, the Lagos State Government has concluded plans to host the year 2013 domestic trade fair tagged Eko Expo, aimed at promoting locally made products in the country.

Airtel rolls-out ₦150m cash promo

As part of its commitment to reward and empower its customers, leading telecommunications service provider Airtel Nigeria, has introduced an exciting trivia-based mega consumer Promo to delight and handsomely reward subscribers with millions of cash prizes daily.

Ogun woos US on investment

Governor Ibikunle Amosun of Ogun has called on the US to partner with his administration in its ongoing rebuilding agenda. Amosun made the call in Abeokuta when he received a delegation of the U.S. Congress, led by Mr Jeffrey Hawkins, the U.S. Consular-General to Nigeria.

Ministry not neglecting maritime sector – Hassan Bello

EXECUTIVE Secretary of the Nigerian Shippers’ Council (NSC), Mr. Hassan Bello, has said that the reported neglect of the maritime sector by the Ministry of Transport was untrue. He, however, stressed that all the parastatals under it were well covered in terms of policies and direction.

MAN okays use of DSME HP gas system

DAEWOO Ship building & Marine Engineering has announced a patent licence agreement with MAN Diesel & Turbo for use of the DSME high pressure-fueled gas supply (HP-FGS) system.

Agents lament systems breakdown

CUSTOMS licensed agents have decried incessant breakdown of server at the Tin-Can Island port, a development that sometimes make cargoes run into unnecessary demurrage.

Crude oil theft: Shell recants, says it lost $250m not $700m

Shell Nigeria, Wednesday, denied claims that its parent company, Royal Dutch Shell, lost $700 million (N112 billion) in second quarter 2013, due to crude theft and other sundry issues in Nigeria, saying that the actual amount lost to operational difficulties in Nigeria is $250 million (N40 billion).

NNPC disagrees with Shell on $700m loss

Nigerian National Petroleum Corporation, NNPC, has disagreed with claims that Shell lost $700 million to oil theft in the second quarter of the year.

Let insurance carry your risk

Insurance is the transfer of risk from people & corporate institutions to professional risk carriers, bearers – the insurance companies. Every one of us is exposed to one risk or the other because life is full of risks and all these risks can be identified, quantified and handled by insurance transfer mechanism.

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