Author: Saint Augustine

One week after President Muhammadu Buhari put pen on paper as regards the 2016 budget of the Federal republic of Nigeria, a financial analyst, Mr. Johnson Chukwu has said that the budget implementation would have some positive effects on the economy of the country. Speaking in an interview with Primetime Reporters in Lagos said that irrespective of how big or how small the effect would be, it would have positive effects on the economy and that it would also give government the opportunity to express their policies as it related to the economy. Chukwu observed that with the presidential assent…

A 40 year woman, identified as Ngozi Nwankwo, was on Thursday killed after some containers on a crane on the premises of SIFAX cargo terminal in the Ijora area fell on some buildings. Also, eight other residents were also injured in the incident, which was said to have occurred at about 5.30 am. Our correspondent gathered that the containers were being offloaded at the SIFAX Ijora Depot when they were blown away by the wind that preceded yesterday’s early morning downpour. The corpse of the victim was said to have been deposited at the Lagos State Mainland Hospital mortuary as…

Eight ships laden with Premium Motor Spirit (PMS), otherwise known as petrol, have arrived Lagos ports, waiting to discharge. The Nigerian Ports Authority (NPA) stated this in its publication, `Shipping Position,’’ a copy of which was made available to the News Agency of Nigeria (NAN) on Friday in Lagos. The document indicated that another ship had arrived the ports waiting to discharge aviation fuel. The NPA noted that 37 other ships containing petroleum products, food items and other goods were being expected at the ports from May 13 to June 4. It explained that other expected ships contained general cargoes,…

The widely acclaimed open-door style of governance of the Governor of Anambra State, Chief Willie Obiano was on display Thursday evening at the Governors’ Lodge Amawbia, Anambra State when the governor who is also the party leader and Chairman Board of Trustees received with warm embrace and hosted the Maxi Okwu led faction of the All Progressives Grand Alliance (APGA) to a re-union with APGA executives from national and state levels and declared “I am happy we are one.” Speaking during the epoch re-union, Governor Obiano said that with the present peace and unity within the party, APGA was poised…

The Association of Nigerian Licensed Customs Agents (ANLCA) has alleged plans by the terminal operators and the shipping agents to increase charges at the ports. Speaking in a press release signed by the National Publicity Secretary (NPS) of ANLCA, Dr. Kayode Farinto, the association recalled that while in one of the Memorandum of Understanding (MoU) signed before ports concession stated that the stakeholders must be carried along before any increase in charges was made, it believed that any increase of charges for now would not be in the interest of the country considering the state of the economy as well…

Minister of Information, Culture and National Orientation, Alhaji Lai Mohammed has written the National Broadcasting Commission demanding a ‘loan’ of N13, 120, 470 (Thirteen Million, One Hundred and Twenty Thousand Naira only) as ‘logistics’ for him and his team to travel to China on assignment they have termed is in the interest of the nation, SIGNAL can report. The memo, which was exclusively obtained on Thursday by SIGNAL, says the so called loan will be repaid as soon as the ministry receives its allocation, and attached approvals from the Permanent Secretary and the Honourable Minister. Investigations by SIGNAL however revealed…

The Federal Operations Unit (FOU) Zone A Ikeja, Lagos has said that it made a total of four hundred and eighty one (481) seizures of offending/prohibited items valued at five hundred and twenty seven million, eight hundred and thirty thousand, three hundred and fifty naira (N527, 830,350.00), with a payable duty of one hundred and forty million, five hundred and sixty-two thousand, five hundred and ninety Naira (N140, 562,590.00). In a statement issued on Wednesday in Lagos by the Command’s Public Relations Officer (PRO), Mr. Uche Ejesieme also showed that the seizures had Duty Paid Value (DPV) of six hundred…

The top Management of the Nigerian Maritime Administration and Safety Agency (NIMASA) has commenced a retreat to draw a roadmap for the development of the Nigerian maritime sector. The roadmap which is in fulfilment of the promise of the Director General, Dr. Dakuku Peterside to stakeholders is aimed at engendering a conducive atmosphere for the growth and development of the Nigerian maritime industry. Themed “Repositioning NIMASA for the Sustainable Development of the Nigerian maritime Sector”, the three day retreat is expected to develop strategies that would reposition NIMASA and indeed the maritime sector and draw a Medium Term Growth Strategy…

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside has said that the agency is on a mission of self recovery towards the actualization of its core mandate for the benefit of the nation’s maritime sector and the country as a whole. Peterside who said this at a Stakeholders forum themed: “Repositioning the Maritime Sector for Greater Impact” held in Lagos also highlighted the need for stakeholders to collaborate with the agency in order to return the maritime industry to its pride of place in the Nigerian economy. The DG assured the stakeholders of…

The President, Association of Registered Freight Forwarders of Nigeria (AREFFN), Dr. Frank Ukor has attributed the shortfall recorded in the revenue collected by most customs commands in first quarter of 2016 to the auction of about 2, 115 containers by the former Comptroller General of Customs, Alhaji Dikko Inde Abdullahi. It will be recalled that the Customs Area Controller (CAC) Apapa Area Command, Comptroller Willy Egbudin at a stakeholders’ meeting held last month at the command disclosed that the command recorded a shortfall of N13 billion in the revenue collected by the command in the first quarter of 2016 compared…