Nigerian Maritime Administration and Safety Agency (NIMASA) has stressed its commitment to the development of human capacity in the maritime sector, even as it disclosed that it has commenced placement of cadets onboard Cabotage vessels for the necessary experience.

The Nigerian Stock Exchange, NSE, has revealed plans to introduce a market-wide rule that will simultaneously halt price movement in all the listed equities for at least 30 minutes in event of extra-ordinary market volatility.

Governor Ibikunle Amosun, has urged the Federal Government to continue to evolve policies that will ensure food security in the country.

OPEC’s share of the world oil market will shrink in 2014 as rising supply of U.S. shale oil gives the exporter group little comfort from the fastest growth in world demand in four years. In a monthly report, the Organisation of Petroleum Exporting Countries forecast demand for its oil in 2014 would average 29.61 million barrels per day (bpd), down 250,000 bpd from 2013 and 770,000 bpd less than it produced in June.

ABUJA—House of Representatives Committee on Finance, Wednesday, rejected N384.9 billion operational loss recorded by the Nigerian National Petroleum Corporation, NNPC, between 2009 and 2011.

A disenfranchised contestant at last Monday’s Tin can Island Chapter election of the Association of Nigerian Licensed Customs Agents (ANLCA) Mr Kayode Farinto has accused the Nigeria Customs Service of collaborating with the Associations Electoral Committee (ASECO) of the association to edge him out of the elections which held in Lagos.

Heritage Bank has pledged to partner with the Bank Directors Association of Nigeria (BDAN) in the achievement of its objective of capacity building in the industry. BDAN is the umbrella body of non-executive directors of banks and was established to provide a forum for improving the knowledge and competence of bank directors thereby promoting honourable practice within the banking industry in Nigeria.

President,Chartered Institute of Bankers of Nigeria, CIBN, Mr. Segun Aina, has disclosed that the institute is set to introduce new certification programmes to help deepen competency in Nigeria’s banking industry.

Minister for National Planning, Dr Shamshudeen Usman, over the weekend in Lagos, described the space provided for examination of imported goods at Apapa port by the management of APM Terminals as filthy and unfit for humans to work.

The Central Bank of Nigeria, CBN, Wednesday, said banks’ customers across the country issue N166 billion worth of dud cheques in 2012.

Nigeria, the highest producer of gas in Africa, loses about $1.789 billion or N286.24 billion to gas flaring annually. Mr. George Osahon, Director, Department of Petroleum Resource, DPR, has said.

DISTURBED by the alleged unwholesome practices in Union Bank of Nigeria Plc, the House of Representatives, yesterday, mandated its Committee on Banking and Currency to probe operations of the bank during the tenure of Funke Osibodu and report back within 21 days.

Terrorism and money laundering are global phenomena which have set nations on edge, while the battle to nip them in the bud rages on.

As an insurance consumer, has your broker, agent or insurer denied you access to your insurance product or service lately? If yes, such practitioner is only adhering to the ‘no premium no cover mandate of the National Insurance Commission, (NAICOM).

The European Union has made twelve million Euros (about N2.5 billion) available through United Nations Industrial Development, UNIDO, for the establishment of National Accreditation System in Nigeria. National Accreditation System is a body that is competent to carry out specific tasks in terms of the accreditation for conformity assessment, calibration and good laboratory practice.