Author: Saint Augustine

In a concerning turn of events, Hon. Rex David Mgbang, a prominent figure residing in Port Harcourt, Rivers State, has reportedly received numerous anonymous calls and messages threatening his life. The threats appear to be linked to his involvement with the APC Governorship Candidate, Arch. Tonye Cole in the recently concluded elections and tribunal cases. According to sources close to the young politician, the threats began surfacing shortly after the conclusion of the elections, where he is known to have played a significant role in the campaign. Despite the lack of any evidence tying him to any electoral malpractice or…

…As Telco pledges support for FG, FIRS initiatives The Executive Chairman of the Federal Inland Revenue Service, FIRS, Dr. Zacch Adedeji, has assured Nigeria’s leading telco, Mobile Telephone Network, MTN Nigeria Plc and others of a tax administration that is friendly, customer-centric and helps businesses to flourish and bear more fruits. Adedeji gave the assurance while receiving the Chief Executive Officer of MTN Nigeria Plc, Mr. Karl Toriola, who led the management team of the company on a visit to the Revenue House in Abuja, on Tuesday. A statement by Dare Adekanmbi, Special Adviser on Media to the FIRS Chairman…

Moniepoint Inc, Africa’s leading digital financial services provider, in collaboration with NITHub Unilag, have announced a call for applicants into the second cohort of the highly competitive HatchDev programme. This initiative, aimed at nurturing the next generation of market-ready software engineers, has received widespread recognition for its impactful contribution in helping to bridge the skilled tech talent gap and supporting the Ministry of Communications, Innovation and Digital Economy’s goal of creating two million digital jobs in the country. The nine-month specialized training programme follows a strict recruitment policy and aspires to annually produce 300 junior software engineers, 100 intelligent systems…

Shareholders of Cadbury Nigeria Plc have approved the conversion of an outstanding intercompany loan of $7.718 million (₦7.036 billion) owed to its majority shareholder, Cadbury Schweppes Overseas Limited, to equity. The shareholders gave Cadbury Nigeria the nod at an Extraordinary General Meeting, EGM, which took place on 8 February, 2024 in Lagos. Cadbury Schweppes Overseas Limited, an entity currently owned by Mondelēz International Inc, holds a 74.97% stake in Cadbury Nigeria, while the remaining shares are held by a diverse group of indigenous, individual, and institutional investors. Cadbury Nigeria had earlier communicated the proposal to the Nigerian Exchange Limited, NGX…

… To Position Nigeria For Increased Global Trade Benefits The Minister of Marine and Blue Economy, Adegboyega Oyetola CON, on Tuesday, formally received the report for the implementation of the Port Community System, PCS in Nigeria, a move that will enhance the ease of doing business in ports within the country. The PCS initiative aligns with the Convention on Facilitation of International Maritime Traffic, FAL of the International Maritime Organization, IMO, and its objectives include preventing unnecessary delays in maritime traffic, enhancing cooperation between governments, and ensuring uniformity in formalities and procedures. Speaking during the event held in Abuja, Oyetola…

The Nigerian Maritime Administration and Safety Agency, NIMASA has commenced preparations to deploy the Modular Floating Dock. The Agency yesterday moved the Floating Dock to a jetty at the Standard Flour Mills in Apapa in preparation of its movement to the scheduled operational base at the Continental Shipyard, Apapa. The heavy 50-ton cylindrical spuds, which are for anchoring the dock, are being prepared for installation. In his words,“We are moving slowly but steadily to our destination. Today, we are lifting out the cylindrical spuds to be prepared for piling at the Continental Shipyard where the Floating Dock is scheduled to…

The President General of the Maritime Workers’ Union of Nigeria, MWUN, Comrade Prince Adewale Adeyanju has warned against invitation of external forces from within and outside Lagos State to unleash mayhem on truckers operating at the Lagos seaports by any of the collaborating associations as that would be counterproductive and may threaten the spirit and letters of the collaboration. Adeyanju who gave this warning in a meeting held at the National Secretariat of the Maritime Workers’ Union of Nigeria, MWUN in Lagos by the three collaborating associations namely: National Association of Road Transport Owners, NARTO; Nexus Association of Maritime Transport…

…We will continue to prioritise safety and security on Nigerian Waters – Jamoh The United States Coast Guard, USCG, has offered Nigeria a three-year plan to work with the Nigerian Maritime Administration and Safety Agency, NIMASA for the removal of the Condition of Entry, CoE placed on American-bound vessels from Nigeria. Cdr. Juliet Hudson at the USCG headquarters in Washington DC disclosed this during a peer review visit by a delegation from NIMASA. Hudson announced a bi-annual assessment of compliance level with ISPS implementation at Nigerian Ports working with NIMASA. In her words, “We will work with NIMASA to review…

The Council for the Regulation of Freight Forwarding in Nigeria, CRFFN has assured freight forwarders that it will play a lead role in pushing for the speedy refund of container deposits collected by shipping companies at the nation’s seaports. CRFFN Registrar, Mrs. Chinyere Uromta, gave this assurance during a working visit to the headquarters of the Association of Registered Freight Forwarders of Nigeria, AREFFN in Lagos, on Thursday. According to the Registrar, the Council initiated some discussions with the Nigerian Shippers’ Council, NSC in the past in a bid to address the multifaceted problems associated with container deposits and the…

…Moves to revitalize National Trade Facilitation Committee The Minister of Industry, Trade and Investment, Mrs. Doris Uzoka-Anite has urged the Nigeria Customs Service to focus more on trade facilitation function of the Service than it does in security and revenue collection in order to enhance economic growth and prosperity of the country. Uzoka-Anite who made this plea while delivering a keynote address at the launching ceremony of the World Customs Organization, WCO assisted Time Release Study in Lagos on Thursday pointed out that when trade is facilitated, Nigeria’s trade volume would be enhanced, the country becomes more competitive and more…