Business

Group General Manager, Nigerian National Petroleum Corporation, Mele Kyari, on Thursday said the Federal Government subsidises Premium Motor Spirit with about N120bn ($263.25m) monthly. He said while the actual cost of importation and handling charges amounts to N234 per litre the government had been selling at N162 per litre therefore bearing the difference. Kyari spoke […]

 Director-General of Nigerian Maritime Administration Safety Agency (NIMASA), Dr. Bashir Jamoh, has assured maritime stakeholders that the Agency’s modular floating dock is in the process of being deployed. Jamoh disclosed this during a visit to Managing Director of Nigerian Ports Authority (NPA) Hadiza Bala-Usman at the NPA headquarters, Marina, Lagos. Jamoh stated, “I am here […]

…Commends school’s transformation efforts By Foster Obi The Alumni of Maritime Academy of Nigeria (AMANO) has commended the Academy’s efforts to enhance its profile and technical capacity with more stimulators, better remuneration for staff, even as it initiates plans to build a modern marine exhibition center. The Rector of MAN Oron, Comr. Duja Efedua revealed […]

Oil prices surged more than four percent on Friday, over mounting fears that it will take weeks to refloat Ever Given, a mega-container ship stranded in Egypt’s Suez Canal. Brent crude, the international benchmark, increased 4.36 per cent, to $64.67 per barrel at 18:17 GMT on Friday, after plummeting 3.8per cent on Thursday. The U.S. […]

UN calls for greater regional cooperation to ensure sustainable and resilient recovery from COVID-19 in Asia and the Pacific The Sistem Monitoring Imunisasi Logistik Secara Elektronik (SMILE), an innovative platform to digitize the vaccine cold chain run jointly by the Indonesia Ministry of Health since 2018, is being used to monitor roll-out of COVID-19 vaccines […]

A Federal High Court sitting in Lagos has ordered the extension of the deadline for National Identity Number, NIN by two months. Justice Maureen Onyetenu granted the extension while delivering a ruling in a fundamental right suit filed by legal practitioner, Monday Ubani against the federal government, the Attorney General of the Federation, Nigerian Communications […]

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted to retain the monetary policy rate at 11.5 percent. The announcement was made on Tuesday by the CBN governor, Godwin Emefiele at the end of a two-day meeting at the CBN headquarters. The committee also retained the liquidity ratio at 30 […]

By Foster Obi The synergy between heads of maritime agencies was again strengthened when the Director General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh paid a working visit to the Managing Director, Nigerian Ports Authority (NPA), Hadiza Bala Usman at the NPA headquarters Marina, Lagos. Pix shows  L-R: The Executive Dir., Engineering& […]

By Foster Obi Nigeria’s leading Electricity Distribution Company, Ikeja Electric has scored another first in the electricity sector, after bagging three latest International Organization for Standardization (ISO) certifications ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 in recognition of its effective implementation of Occupational Safety &Health, Environment Management and Quality Managementprocesses. In addition, the DisCo also […]