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Visa ban: FG approves foreign professionals with skills lacking in Nigeria

The Director-General and Chief Executive Officer, National Office for Technology Acquisition and Promotion, Dr. Dan-Azumi Ibrahim, has disclosed that the Federal Government, through Executive Order 5, has restricted the issuance of visas to certain foreign professionals. He added that only foreign professionals with skills lacking in Nigeria would get visa approval from the Ministry of […]

Maritime Ports and Airports

80% of barges in Nigeria are locally made, say operators

Barge operators in the nation’s maritime sector have said that 80 per cent of the barges on the Nigerian waters are locally made, noting that the players are already operating according to international standards. The National President of BOAN, Olubunmi Olumekun, said this in an exclusive interview with our correspondent in Lagos on Sunday. He […]

Anger as customs sell seized vehicles as scrap
Maritime Ports and Airports

Imported vehicles: Customs slam 15% levy, clearing agents plan strike

CLEARING agents operating in the nation’s maritime sector may withdraw their services following the reintroduction of a 15 per cent National Automotive Council levy on imported used vehicles by the Nigeria Customs Service. NAC had in 2011 proposed 35 per cent duty differentials between imported fully-built units and locally assembled cars. The proposal reportedly failed […]

Why oil theft estimates are unrealistic- Navy
Banking Economy

Oil theft affecting govt finances, naira stability –MPC member

Massive oil theft, among other challenges, is affecting government finances and threatening naira stability. The Central Bank of Nigeria disclosed this in a report by a member of the Monetary Policy Committee, Prof. Mike Obadan, who dealt with the topic ‘Is derugulation the solution to the forex/exchange rate problem?’ Obadan, a professor of economics and […]

FG to end fuel subsidy in 2023 - Minister
Economy News

Over 5,000 debtors owe 10 FG agencies N4.67tn – Minister

The Federal Government has disclosed that over 5,000 debtors currently owe its agencies about N4.67tn. The Minister of Finance, Budget, and National Planning, Zainab Ahmed, who made the disclosure on Monday, said the government had in the past 18 months recovered N53.8bn out of the N5.2tn owed 10 ministries, departments and agencies. The minister made […]

Banking News

Aggrieved customers petition banks over N546bn wrong charges, others

No fewer than 2,256 depositors have lodged complaints on transactions totalling N368.9bn and $428.7m (N177.05bn) on their accounts against their banks with the Chartered Institute of Bankers of Nigeria. The institute, through its ethic and governance directorate, however, said it had been able to resolve 2,206 of the reported cases. It also said that total […]

Maritime News

‘Why NIMASA may not be blamed for gunboat disaster’

A former President of the National Association of Master Mariners, Captain Adewale Ishola, says the Nigerian Maritime Administration and Safety Agency may not be held responsible for the sinking of a gunboat recently. NIMASA/Barugu, one of the gunboats in the fleet of Global West Vessels Specialists, had recently sunk while being reportedly parked at the […]

Investment News

Firm restates commitment to tackling housing deficit

A real estate firm, the Address Homes, has restated its resolve towards tackling Nigeria’s housing deficit by providing affordable homes that meet the benchmark of modern real estate development. Chairman/CEO of the company, Mr Bisi Onasanya, stated this on Saturday during a media tour of some of the company’s construction projects in Lagos. Onasanya said […]

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Insurance, pension operators urged to meet customers’ needs

Operators in the insurance and pension sectors have been urged to provide enhanced services to the customers and quickly resolve their complaints to ensure growth and confidence in the sectors. This statement was made during the sixth Businesstoday conference with the theme, ‘Prioritising excellent customer services in insurance and pension businesses’ in Lagos.’ The Managing […]

Electricity Energy News

Grid collapse: Group demands audit of power sector under Buhari

Civil rights advocacy group, Human Rights Writers Association of Nigeria, on Sunday, said it is disturbing that under the watch of the President, Major General Muhammadu Buhari (retd.), the national power grid is collapsing intermittently even after humongous investments. HURIWA, in a statement by its National Coordinator, Emmanuel Onwubiko, lamented that despite trillions of dollars […]

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