A Swiss shipping company says it is in contact with pirates who have been holding hostage 12 crew members of a bulk carrier following a weekend attack off Nigeria’s coast. Massoel Shipping says “it is understood” that the MV Glarus crew members are together, well and unharmed. The Geneva-based company said the ship, carrying wheat, […]
Nigeria’s central bank kept its main interest rate at 14 percent on Tuesday, its governor Godwin Emefiele said. The rate has been at a record high level of 14 percent since July 2016. Analysts polled by Reuters predicted that the bank would hold interest rates. Reuters Pix: Central Bank headquarters, Abuja
Oil prices reached a four-year high on Monday with global Benchmark Brent crude jumping more than 3 percent above $80 a barrel. And oil trader Trafigura even predicts that the price could hit $90 by December and $100 in 2019. The increases occurred after Saudi Arabia and Russia ruled out any immediate increase in production […]
Babatunde Fowler, executive chairman of the Federal Inland Revenue Service (FIRS), said that 6,772 corporate bank accounts will be frozen for defaulting on tax payments. Fowler told Zainab Ahmed, minister of finance, that the agency has collected N12.66 billion from billionaire tax defaulters in less than a month. Saying the law empowers FIRS to appoint […]
Standard Bank said Nigeria’s central bank may review its decision to penalise its West African unit for allegedly breaking the law in helping South African mobile phone group MTN send money abroad. Stanbic IBTC Bank is one of four banks that the Central Bank of Nigeria (CBN) accused of helping MTN to illegally repatriate $8.1 […]
Nigeria and Senegal’s women’s basketball teams are celebrating today after creating history on Sunday at the Basketball World Cup on the Spanish island of Tenerife. The two sides became the first African teams to ever win group games at the World Cup, formerly the World Championships. First Senegal beat Latvia 70-69 and then a few […]
The Nigerian Meteorological Agency (NiMet) has predicted prospects of rainfall and thunderstorm activities over most parts of the country on Tuesday. NiMet’s Weather Outlook by its Central Forecast Office (CFO) on Monday, predicted cloudy morning over the central cities with thunderstorms over Ilorin, Gombe, Yola, Jalingo and their environs. It added that scattered thunderstorm were […]
The Federal Road Safety Corps (FRSC) has begun recruitment and physical screening for about 324,000 applicants who applied for 4,000 jobs in the corps. Corps Marshall Boboye Oyeyemi made the disclosure when he paid a visit to the two screening centres in Abuja, the Federal Capital Territory (FCT) on Monday. The centres are the Sani […]
… Says it’s working with relevant security agencies By Foster Obi The Nigerian Maritime Administration and Safety Agency (NIMASA) has commenced search rescue operations for the abducted 12 crew members onboard MV GLARUS owned by ALLISON Shipping which was hijacked off Bonny Island in Rivers State to ensure that they are found and released unconditionally. […]
…200 More Seafarers Set for Next Batch By Foster Obi Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has assured of the Agency’s commitment to ensuring that all beneficiaries of the Nigerian Seafarers Development Programme (NSDP) conclude their programme by getting the mandatory sea-time training. The DG who stated […]