All Norwegians are Millionaires Thanks to Oil

Everyone in Norway became a theoretical crown millionaire on Wednesday in a milestone for the world’s biggest sovereign wealth fund that has ballooned thanks to high oil and gas prices.

Set up in 1990, the fund owns around 1 percent of the world’s stocks, as well as bonds and real estate from London to Boston, making the Nordic nation an exception when others are struggling under a mountain of debts.

A preliminary counter on the website of the central bank, which manages the fund, rose to 5.11 trillion crowns ($828.66 billion), fractionally more than a million times Norway’s most recent official population estimate of 5,096,300.

It was the first time it reached the equivalent of a million crowns each, central bank spokesman Thomas Sevang said.

SHAKE UP IN NIGERIA CUSTOMS SERVICE

CG Customs, Alh. Abdullahi Inde Dokko. and 
Minister of Finance, Ngozi Okonjo-Iweala.

• Three DCGs Resign Due To Age
• Lobby For DCGs , ACGs Posts Hot Up

A major shake-up has hit the Nigeria Customs Service (NCS). Three of the remaining four Deputy Comptrollers General have voluntarily resigned, after a board meeting which was presided over by the Minister of Finance; Dr Ngozi Okonjo Iweala.
Those who retired on Monday were: Dr. Jatau, M. D, who was in charge of Modernization, Research & Economic Relations, Alhaji Saka Yinusa, who was in charge of Enforcement, Investigation and Inspection and Garba Makarfi, who was in charge of Human Resource Development. The fourth DCG; Mr Julius Nwagwu had retired last year after attaining the statutory age of 60 years.
Shipping Position Daily confirmed yesterday that only one DCG; Mr John Atteh is left, and that new appointments into the DCG cadres are being expected any moment from now.

REVEALED: How Shipping Companies Scam Nigerian Importers/Agents

Fresh indications have emerged about the various means devised by the shipping companies operating at Nigerian ports to defraud Nigerian importers and clearing agents under various nomenclature.
A comprehensive analysis of shipping company charges in three African Countries: Nigeria, Ghana and Republic of Benin, showed that charges at Nigerian ports remained the highest, courtesy of shipping companies operating at Nigerian ports.
A document which was obtained by Shipping Position Daily showed that the average charges collected on a 20-foot container by shipping companies in Nigeria is about N140, 000.
According to the document, among the three neighboring countries, Nigeria is the only country that collects container deposits to the tune of N75, 000. Other charges not collected in other countries but obtainable in Nigeria includes; MOWCA levy and Stamp duty.

Welcome to Sesan Onileimo Maritime Blog: Clearing Agent Threatens Customs With N250Million ...

Welcome to Sesan Onileimo Maritime Blog: Clearing Agent Threatens Customs With N250Million ...: CG Customs, Alh. Abdullahi Inde Dokko.        For the alleged offences of its officers, the Nigeria Customs Service is facing the risk ...

Clearing Agent Threatens Customs With N250Million Suit

CG Customs, Alh. Abdullahi Inde Dokko.       

For the alleged offences of its officers, the Nigeria Customs Service is facing the risk of a N250Million suit by a top member of the Association of Nigeria Licensed Customs Agents (ANLCA).
An Assistant Controller of Customs in charge of Container Seat at the PTML command of the Nigeria Customs Service, whose identity was simply given as Mr. Mustapha; alongside two Assistant Superintendent of Customs; Mr. Ndubisi Aniebunwa, and another Mr. Jack, are currently battling allegations of battery and assault leveled against them by a member of the Association of Nigeria Licensed Customs Agents (ANLCA); Olorogun Andrew Ugwi.
Olorogun Ugwi who spoke with Shipping Position Daily in Lagos yesterday said that he is suing the Nigeria Customs Service for N250million and that his lawyer is already working on the case.

PETROL TANKER EXPLOSION IN APAPA: 18 Fear Dead, 8 Vehicles Burnt, Money, Goods Worth Millions Destroyed

Remains of the affected tanker laden with PMS whicxh exploded
causing deaths and massive destruction along Kirikiri Road , Berger Suya Bus Stop,
Apapa In Lagos yesterday.INSET: An aftermath of tanker fire incident which razed
several shops, offices, vehicles and equipment at Olodi Apapa in Lagos on
Tuesday night when a truck loaded with petrol caught fire        

No fewer than 18 persons were reported dead on Tuesday night at the highly-populated commercial centre of Kirikiri road connecting to the popular  Berger Suya bus stop, all in Apapa,  Lagos, after a tanker loaded  with petrol exploded.
The tanker was said to have broken down at the busy road interception, spilling some of its content which was ignited by fire from a nearby suya spot, leading to a massive explosion which occurred at around 10.30pm.
Eye witness accounts indicated that two commercial buses with some passengers were caught in the inferno.
Our correspondent who visited the spot also confirmed that commercial activities were placed on a halt as all the automobile spare parts shops were under lock and key due to the fire that rocked one of the buildings which housed vehicle parts.

WORKERS BOMB NPA PET PROJECT

•  Senior Staff Says: "We Don't Need Deepsea Ports, They are Jumbo Projects"

 

The Nigerian Ports Authority (NPA) Senior Staff Association of Communication, Corporation and Transport (SSACCTAC) has called on the Federal Government to suspend the construction of deepsea ports in different parts of the country, describing them as wasteful ventures and jumbo projects.

President of the association; Comrade Umar Omeiza Jimoh in an exclusive chat with Shipping Position Daily urged that government should rather focus on connecting the existing ports to the rail system.

Comrade Umar said that apart from the Lekki Deepsea Port, other deepsea port projects like the Olokola deepsea port in Ogun State, the Ibaka Deepsea port in Akwa Ibom and the Badagry Deepsea Port should be cancelled.