Operators in the maritime industry have faulted the recent rejection of N150 million bribe by officials of the Apapa Command of the Nigeria Customs Service, NCS, noting that those involved in the bribery case, and importers of the 40 containers of tramadol should be arrested and punished to serve as deterrent to others.

The Nigeria Customs Service, NCS, said it has intercepted counter banned goods worth over N2.8 billion in the last two months.

Despite spending over 17 million Euro on the construction of the Nigerian-Benin Joint Border Post, JBP, at Seme-Krake, the European Union supported transport terminal has continued to function sub-optimally owing to lack of basic infrastructure components and poor finishing.

The Vice President, Professor Yemi Osinbajo (SAN), accompanied by Lagos State Governor, Mr Akinwunmi Ambode and the All Progressives Congress (APC) Governorship candidate in the State, Mr Babajide Sanwo-Olu on Monday launched the The Federal Government special enterprise and empowerment programme otherwise known as TraderMoni in three additional markets in Lagos.

Former Director General of the Chartered Insurance Institute of Nigeria, CIIN, and Managing Director of Krabond Insurance Brokers Limited, Mr. Kola Ahmed, in this interview talks on issues in the insurance industry. Excerpts:

The Senate on Wednesday, acknowledged receipt of request to confirm two non-legal practitioners, Sen. Abba Ali from Katsina, representing North West and Mohammed Sagir from Niger, representing North Central as members of the Federal Judicial Service Commission.

UNITED Capital Plc, an  Investment Banking Group has appointed Peter Ashade its new Group CEO following the retirement of  former Group CEO, Oluwatoyin Sanni effective June 30, 2018. Ashade until this appointment was the Chief Executive Officer of Africa Prudential Plc. His leadership style is allied to the delivery of superior shareholder value, service excellence and consistent market leadership.

MR Paulinus Oluchukwu Offorzor has becomes Universal Insurance Plc Executive Director, Technical. The insurance company revealed this in a statement.

THE board of Transnational Corporation Plc (Transcorp) has appointed Mr. Christopher Ezeafulukwe as a new Executive Director. The appointment takes effect from July 1, 2018.

BERGER Paints Plc has an-nounced the appointment of Abi Ayida as its new chairman as Oladimeji Alo steps down.
Ayida holds a Bachelor’s degree in Economics from the University of Minnesota and a Master’s degree from Pennsylvania State University, USA. He has broad experience in the Banking, Insurance and Manufacturing sectors, both in the UK and Nigeria.
He is currently the Managing Partner for Vail Woodward Associate, International Business Development Consultants.
He was appointed a Non-Executive Director on 14th, December 1999.
Alo stepped down from the board to enable him attend to other commitments in the corporate world. His resignation took effect from the 7th of June 2018.
Berger Paints Nigeria Plc was incorporated in Nigeria as a private limited liability company in 1959 and converted to a public limited liability company in 1973.
The company is into the manufacturing, sales and distribution of paints and allied products.

Globally, the International Oil Companies, IOCs and their indigenous counterparts are smiling to the banks as crude oil price hits the roof at $80 per barrel.

The Central Bank of Nigeria (CBN) had, in a similar vein, early last year, issued a circular to banks and other financial institutions requiring them to take certain actions relating to digital currencies. Citing money laundering and terrorism financing, the CBN asked banks to “ensure that you do not use, hold, trade and/or transact in anyway” in digital currencies

Like individuals and companies, governments occasionally borrow to fund their operations. When government wants to borrow for less than one year, it does so by issuing Treasury Bills (T-Bills).

It is advisable for customers to plan ahead in other to avoid embarrassment from marketers. See for yourself the prices of your commodity in the market.

Items                      Prices Basket of Tomatoes                        N5,500 A bag of Pepper  (Rodo)                               N 6,000 A bag of Long pepper                     N6, 500 – N7000 A bag Onion (white)                       N18, 000 – N20, 000 A […]