Saturday, February 4Nigeria's Authoritative Maritime News Magazine
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Tag: TSA

President Buhari Authorized NNPC to Hide N50b from TSA Account “

President Buhari Authorized NNPC to Hide N50b from TSA Account “

Breaking News, Business
The House of Representatives on Tuesday raised questions over a “purported” presidential approval withholding some special Nigerian National Petroleum Corporation accounts from being transferred to the Treasury Single Account. The accounts, with funds worth N50bn, are still being kept by commercial banks in breach of the TSA policy, which provides that all accounts belonging to Ministries, Departments and Agencies of government should be transferred to the TSA. The TSA, a centralised Federal Government revenue account, is kept by the Central Bank of Nigeria. A Nigerian firm, SystemSpecs, provides the Remita electronic platform for running the TSA, saving the Federal Government revenue that could, ordinarily, have been lost. An ad hoc ...
NPA-INTELS Pilotage Service Contract Does Not Violate Constitution, Says Importers Association

NPA-INTELS Pilotage Service Contract Does Not Violate Constitution, Says Importers Association

Business, Law, Politics
Amiwero: NPA has no right to terminate contract Maritime workers fell FG to resolve face-off now Termination of contract will impact negatively on revenue, efficiency at Onne port The Nigerian Importers Integrity Association (NIIA) has weighed in on the controversy trailing the termination of the pilotage service agreement signed between oil and gas logistics giant, INTELS Nigeria Limited and the Nigerian Ports Authority (NPA) arguing that the contract is legal, constitutional and similar to the joint venture agreements signed by the Nigerian National Petroleum Corporation (NNPC) with the International Oil Companies (IOCs). NIIA President, Godwin Onyekazi, also said that termination of the contract will impact negatively on government revenue and on efficiency at Onne Port....