Author: Bayo Bernard

ANLCA Boss Intervenes In BOT Leadership Crisis

Bayo Bernard

By Bayo Bernard   The National President of Association of Nigerian Licensed Customs Agents ANLCA, Tony Iju Nwabunike has intervened in the internal crisis rocking the Board of Trustees (BOT) of the Association, though the nine man BOT denies any division, insisting that such only exist in the imaginations of promoters of such divisive reports. The magazine learned that the intervention became necessary following pressure from notable members who feared a backlash on the election which produced Nwabunike as president. The intervention is responsible for the semblance of peace  “That…

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Why Ease of Doing Business Failed-NAGAFF

Bayo Bernard

By Bayo Bernard Several months after the passage of the Executive Order On the Ease of Doing Business in Nigeria, the National Association of Government Approved Freight Forwarders, NAGAFF said the policy has failed to improve efficiency in ports operations. The Ease of Doing Business policy was signed by Vice President Yemi Osinbajo on May 14, 2017 But almost a year after the federal government passed the policy which it said will change the way government business are conducted , NAGAFF said it’s worried the policy has failed to address…

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Zenith Bank Declares N174bn Profit

Bayo Bernard

By Bayo Bernard Top new generation bank, Zenith  Bank Plc, has declared N174 billion as its gross Profit-Before-Tax, PBT for the year ended 2017. The figure is higher than the N140 billion the bank posted as Profit-Before-Tax in 2016, a sharp improvement of more than 24 per cent.  While making this disclosure at its 27th Annual General Meeting in Abuja on Friday, the bank’s Chairman, Jim Ovia said the bank’s Profit-After-Tax rose by 32 per cent, from N119 billion in 2016 to N157 billion in 2017. Ovia said the performance…

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Merger: MARAN Swallows MAJAN, Reconciles Old Members

Bayo Bernard

By Bayo Bernard The President of the Maritime Reporters Association of Nigeria (MARAN), Anya Njoku has said that his tenure will experience adequate reportage of the industry. It’s a new dawn for the association, Njoku said during the inauguration of a new set of executives, who will run the affairs of the association for the next three years. Other members of the executives are Bayo Bernard ( Vice President), Dapo Olawuni ( Secretary General), Samson Echenim (Ass. Secreatary), Onigbinde Yinka (PRO), Esther Komolafe- Hasan ( Treasurer), and Joy Enamuna (Financial…

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Apapa Shutdown: APM Terminals, Others Panic Over Huge Loses

Bayo Bernard

By Bayo Bernard Terminal operator operating in Apapa ports have warned the federal government over plan by the federal ministry of Power, works and Housing to shut down Marine Bridge for repairs in the next few weeks. The operators said the action will result in huge loses to them, aside attendant disruption on ports activities. No fewer than nine terminal operators are conducting business in the two ports of Tin can and Apapa ports. Four operators, APM Terminals, Apapa Bulk Terminal, ENL Consortium, Greenview Development operate in the Lagos Port…

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LADOL Boss Joins B Team Africa

Bayo Bernard

By Bayo Bernard The Managing Director Lagos Deep Offshore Logistics Base  LADOL, Dr. Amy Jadesimi has joined the B Team Africa, a group focused on building sustainable infrastructure in Africa. An International non-profit organisation The B Team was co-founded by Richard Branson and Jochen Zeitz in 2012, the African arm was established in 2017. Since then the group has attracted prominent individuals in the continent to its fold who have now joined in the task to galvanize other regional based leaders to harness business-driven solutions and create collective impact. Speaking…

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NIMASA: Peterside Job Hangs As Stakeholders Call For His Sack

Bayo Bernard

Amaechi In Trouble Over Maritime Security Contract   By Bayo Bernard   The Director General of the Nigeria Maritime Administration and Safety Agency, NIMASA, Dr. Dakuku Peterside has a big cause for worry over his job. In the last few weeks, the boyish looking boss of the top maritime regulatory agency has been faced with a barrage of criticism, particularly from keen stakeholders in the industry with vast knowledge of the workings of the agency and the sector at large, who are calling for his sack. The magazine learnt that…

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Fidelity Bank’s Big Rewards For Customers

Bayo Bernard

Bayo Bernard Fidelity Bank Plc has again proved its commitment to customers across the country with the bank’s N13 million cash rewards to some Nigerians from all spheres of life at a recent event held at one of the bank’s office in Lagos. While speaking at the event Managing Director/Chief Executive, Fidelity Bank, Nnamdi Okonkwo, said to date the bank has awarded a total of N81 million cash prizes to 153 winners aside other consolation prizes. The latest winners are Chukwuemeka Umeji from Iweka road, Onitsha branch, Marry Okonkwo fromm…

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Terrorism: The Big Business of Kidnapping For Money

Bayo Bernard

By Bayo Bernard On January 28, 2018 President Muhammadu Buhari  warned African heads of state at a meeting in Adis Ababa, Ethiopia that the only way to stop terrorism in the continent is to stop paying ransom to terrorists. But barely a month after that incident the Presidency of Nigeria has come under stern criticism for allegedly paying huge sums  of money to the dreaded Boko Haram terrorists for the release of over 105 schoolgirls kidnapped late last month in Dapchi, Yobe by the group. The 105 school girls were…

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Customs: Controller Unveils Revenue Strategy

Bayo Bernard

By Bayo Bernard Barely two months after assuming office as the Controller in charge of Nigeria Customs Service, NCS Tin Port command, Comptroller Mohammed Baba Ahmed said the first task before him is to generate N354 billion target set for the command by the NCS headquarters in Abuja. Already, the command has generated N62 billion into the coffers of the federal government. He took over from Comptroller Bashir who has now been transferred to the NCS headquarters in Abuja. Enthusiasm is very high among officers that the command will surpass…

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