Customs seize N1.3bn contraband

Anna Okon The Nigeria Customs Service, Federal Operations Unit, Zone A’,  has said it has confiscated contraband worth more than N1.3bn between May 16 and June 12.  The Controller of the zone, Mohammed Garuba, disclosed this to journalists in Lagos on Wednesday.  He said the unit also recovered over N59.5m from underpayment, bringing the cumulative […]

Apapa road’ll be completed in Q3— FG

Anna Okon The Federal Government has said that while it may not be feasible to complete the ongoing rehabilitation work on the Apapa Port access road by the set deadline of June, the work will be completed by the third quarter of this year.  Mr. Jude Oboh from the Presidential Enabling Business Environment Council stated […]

NIPCO raises awareness on LPG usage

NIPCO Plc has stepped up its campaign to raise public awareness on the benefits of switching to the use of Liquefied Petroleum Gas for cooking in order to reduce the negative environmental impact of using kerosene and firewood. The firm, in a statement, said it presented LPG gas accessories to the overall best school at a […]

NPA inaugurates new indigenous vessel

Anna Okon the Managing Director, Nigerian Ports Authority, Hadiza Usman, has urged the private sector to take advantage of the enabling environment created by the President Muhammadu Buhari administration and invest in the nation’s maritime sector. She said this in Onne, River State, before she inaugurated the latest addition to Nigerian fleet, the MV Osanyamo, […]

Local shipowners turn to foreign lenders for funds

 Anna Okon The high cost of funds in local banks, coupled with the non-disbursement of the Cabotage Vehicle Financing Fund, has driven operators in the local shipping industry to foreign financiers. The CVFF, drawn from two per cent contributions of shipowners, was established in 2004 with the aim of making funds available to operators. But […]