Central Securities and Clearing System, CSCS, has vowed to sustain the ‘A’ minus rating it received last year from one of the world’s leading central securities depository rating agency, UK-based Thomas Murray Rating Limited.

UAC of Nigeria Plc, UACN, sustained its growth streak in 2012 financial year with 108 percent growth in profit after tax to N7.1 from N3.41 billion in 2011.

…Navy says no casualty recorded By Sebastine Obasi Pipeline and Products Marketing Company, PPMC, the marketing arm of the Nigerian National Petroleum Corporation, NNPC, yesterday, confirmed that it had successfully put out a pipeline fire, which occurred while vandals tried to siphon fuel. Attempts by the vandals to steal oil from the Akinbo Jetty, Ilado, […]

Stakeholders in the maritime sector have accused the Federal Government of neglect of shipping sub-sector of the industry resulting in the domination of the seafaring business by foreigners.

Managing Director of the Nigerian Inland Waterways Authority (NIWA), Hajia Maryam Ciroma, has decried the slow pace of work at the N4.3 billion Lokoja Inland port construction, stressing the need for the contractors to speed up work on the project.

Nigeria’s foreign exchange reserves dropped by 0.16 percent month-on-month to $48.33 billion by June 24, the lowest level in more than three months, data from the Central Bank of Nigeria, CBN, showed yesterday.

The President of the African Organisation for Standardisation (ARSO) Dr. Joseph Odumodu, has called for the regulation of services industry in the continent.

THE National Inland Waterways Authority (NIWA) and the Lagos State Government (LASG) are currently at logger head over some claimed shorelines in the Lekki area of Lagos.

Israeli Ambassador to Nigeria, Mr. Uriel Palti, has promised to take strengthening trade and commerce relations with Nigeria as a top priority.

THE National Assembly has thrown its weight behind last week submission of the Instrument of Ratification of the Maritime Labour Convention (MLC), saying it will hasten the process of domestication of the all-important convention.

THE Federal Government has directed the three Service Providers engaged to provide scanning services at the nation’s seaports, airports and land borders to work with officials of the Nigeria Customs (NCS) in the next six months with a view to handing over in November.

Nigeria has received a total of N2.08 trillion ($13 billion) from international donor agencies under the Country Assistance Framework, CAF, as at the end of 2012, according to a report on CAF programme for the Federal Republic of Nigeria.

Let me say at the beginning that I use the Bus Rapid Transit, BRT, service between Mile 12 Ikorodu Road and Tafawa Balewa Square, Lagos Island. The Lagos State Government, LASG, through its organisation the Lagos Metropolitan Area Transport Authority, LAMATA, granted a franchise to Lagos NURTW 1st BRT Cooperative Society Limited, NURTW Coop, to operate the bus service. Ecobank Nigeria is involved in the financing of the buses used on the service and Ecobank Nigeria is the producer and custodian of the tickets used on the bus service.

The Nigerian Maritime Administration and Safety Agency (NIMASA) has said that it detained the three vessels belonging to the Nigerian Liquefied Natural Gas (NLNG) due to its failure to pay levies due to and its lack of respect for the Nigerian government.

The Contributory Pension Scheme, CPS, became operational in 2004 with the enactment of the Pension Reform Act 2004. Unfortunately, of the 36 States in the country, not more than 10 states (22 per cent) can effectively be considered as near full-compliant to the scheme. This is because many state governments have refused to enact their own Pension Act as stipulated by the Act. Consequently, these state have continuously deprived their workers of the benefits of the CPS.