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Lagos Secures $629Mn Loan To Fund Lekki Deep Sea Project

Lagos State Government on Monday disclosed that it secured $629 million loan to part-fund the Lekki Deep Sea Port Enterprise Limited project. The Commissioner for Commerce, Industry, and Cooperatives, Dr. Lola Akande, gave this hint during the year 2021 ministerial press briefing to mark Gov. Babajide Sanwo-Olu’s second year in office. According to her, the […]

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Reps Ask FG To Probe Alleged Unremitted N165Bn By NPA

The minority caucus of the House of Representatives on Monday has called on the Federal Government to immediately commence full investigation of an alleged misappropriation of over N165 billion of operating surplus and the diversion of billions of Naira by the suspended Managing Director of Nigeria Ports Authority (NPA), Hadiza Bala Usman, and her top […]

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Amaechi Inaugurates C’mttee On Alleged Unremitted N165Bn By NPA

The Minister of Transportation, Rotimi Amaechi, has set up an 11-man investigative panel to probe alleged misappropriation of over N165 billion by the suspended Hadiza Bala-Usman-led management of the Nigerian Ports Authority (NPA). Bala-Usman was suspended by President Muhammadu Buhari last Friday following allegations of non-remittance of N165 billion surplus revenue to the coffers of […]

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NBS Seals MoU With NPA On Data Analytics, Capacity Building

The National Bureau of Statistics (NBS) on Tuesday signed Memorandum of Understanding (MoU) with the Nigerian Ports Authority (NPA) as part of its collaborative initiatives with stakeholders in the nation’s political economy to enhance the nation’s statistical system. In his remarks during the pact with the NPA, the Statistician General of the Federation, Dr. Yemi […]

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NIMASA To Acquire Aircraft For Deep Blue Sea Project’s Implementation

The Nigerian Maritime Administration and Safety Agency (NIMASA) has concluded arrangements to take delivery of an aircraft for the commencement of the Deep Blue Sea project slated for launch at the end of May this year. The agency’s Director-General, Bashir Jamoh, disclosed this in Lagos when the Executive Secretary of the Nigerian Shippers Council (NSC) […]

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LCCI Advocates Dispute Resolution Framework Between Customs, OPS

The Lagos Chamber of Commerce and Industry (LCCI) on Sunday canvassed the need for the Federal Government to create an independent dispute resolution framework to manage conflicts between the Nigeria Customs Service (NCS) and the business community. The Director-General of LCCI, Dr Muda Yusuf, in a statement maintained that the presidential intervention had become inevitable, […]

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Port Agencies Mull Joint Inspection Of Vessels At Seaports

The Nigerian Shippers’ Council (NSC), Nigerian Ports Authority (NPA), Nigeria Customs Service (NCS), Nigerian Immigration Service (NIS), the Department of State Security Service (DSS)and other relevant agencies on Thursday harped on the need for collaboration on boarding, inspection of vessels calling at Nigeria seaports. This proposal was among the key considerations during the agencies’ meeting […]

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Norway Rues Stockfish Inclusion In Nigeria’s Import Prohibition List

The Norwegian Seafood Council has expressed its opposition to the inclusion of stockfish in Nigeria’s list of prohibition food items to be imported into the country. Expressing his country’s concerns over the monetary policy of the Central Bank of Nigeria (CBN) on Thursday at a two-day Seafood Seminar in Lagos, the incumbent Minister of Fisheries […]

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Stockfish Dealers Seek Foreign Exchange To Boost Importation

The Stockfish Dealers Association on Thursday appealed to the Federal Government to grant its importer members access to the Foreign Exchange (forex) official windows to source foreign currencies needed to boost their stockfish importation business. A news report by the News Agency of Nigeria (NAN) indicated that the leadership of the association made the call […]

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NAFDAC Threatens To Sanction Fraudulent Clearing Agents, Importers

The National Agency for Food and Drug Administration and Control (NAFDAC) at the weekend cautioned all clearing agents and importers circumventing guidelines on the importation of food and drugs through the nation’s ports to immediately desist or face the full weight of the law for such despicable economic sabotage acts. The Director General of NAFDAC, […]