A Nigerian registered articulated truck, with 65 pieces of pump action guns has been intercepted by the Customs officials at the Aflao border, Ghana. The vehicle with registration number XV 163 FST was said to have arrived at the border on Thursday, 17 May at about 1900 hours, on its way to Accra, with no [...]
The Nigerian stock exchange ended the week , shaving about N51 billion from the market capitalization, with which it opened Monday. Despite that 20 stocks led by conglomerate UACN appreciated Friday, it was not enough to shore up the market. The index closed at 22, 479 in contrast with Monday’s 22,552. Market capitalization on Monday [...]
Facebook stumbled in its first trading day Friday as shares ended barely above the starting price after a glitch-plagued market debut on the Nasdaq that failed to live up to the enormous hype. The stock, priced at $38 on Thursday in the largest-ever initial public offering (IPO) for a technology firm, eked out a gain [...]
Comptroller-general of the Nigeria Customs Service (NCS) Abdullahi Dikko Inde has explained how the restoration of the dignity of the NCS has translated into increased monthly revenue collection from N30 billion when he took over office, to the present N100 billion. According to Dikko, a holistic approach to the well-being of the Service, its men [...]
Nigeria’s sheer size and strategic position makes her a natural candidate for the Single Window (SW) platform for cargo clearance. Ghanaian-born British citizen Valentina Mintah, who made the observation at a recent forum in Abuja, pointed out that with the nation’s stupendous maritime endowment, the Single Window platform may in fact be what the government [...]
Container flying or illegal evacuation of consignments is booming at the Tin-Can Island Port Complex (TCIPC), Apapa, Lagos, Container flying according to popular parlance of the Nigerian maritime industry, is the evacuation of a particular consignment from a port without due clearance processes, resulting in revenue leakages. Apart from causing loss of revenue to government [...]
Chairman of the Nigerian Electricity Regulatory Commission (NERC), Dr. Sam Amadi, says provision has been made for free installation of meters in the new electricity tariff proposed by the Federal Government. The new regime takes off on June 1. He said the electricity distribution companies have been ordered to provide meters for their customers between [...]
