The Minister of Transportation, Rotimi Amaechi, said the Federal Government was vigorously pursuing the 25-year plan to revitalise the rail sector. The minister spoke at the 4th Quadrennial National Delegate Conference of the Nigeria Union of Railway Workers  held at  Kafanchan in the Jema’a Local Government Area of Kaduna State. Amaechi, who was represented by […]

The Central Bank of Nigeria injected about $25.68bn to stabilise the nation’s currency in the foreign exchange market between January and August this year. The $25.68bn was arrived at by our correspondent based on analysis of the monthly economic report released by the apex bank. The $25.68bn intervention is aimed at boosting liquidity in the […]

The Comptroller-General, Nigeria Customs Service, Col. Hameed Ali (retd), on Friday said the Federal Government would not bow to pressure by neighbouring countries to reopen Nigeria’s borders until trade protocols had been respected by governments of those countries. He said this at the graduation of Senior Course 3 officers of the Nigeria Customs and Staff […]

The Minister of Communications and Digital Economy, Dr Isa Patanmi, has directed mobile network providers to put an end to automatic voicemail services. The minister, in a statement signed by his spokesperson, Mrs Uwa Suleiman, said complaints of subscribers indicated that operators were exploiting them with automatic voicemail service. According to him, subscribers should be […]

The Senate on Wednesday faulted the suspension of supply of petroleum products to border communities by the Nigeria Customs Service and summoned the agency’s Comptroller General, Col. Hameed Ali (retd.). Rather than suspending fuel supply to border towns, the Senate urged the Federal Government to tackle smuggling with the use of technological devices. The red […]

Human rights lawyer, Femi Falana (SAN), has urged the Economic Community of West African States Commission to prevail on Nigeria to open its land borders. Falana, who made this call in his letter dated November 12, 2019 and addressed to the President, ECOWAS Commission, Jean-Claude Kassi, however, asked the commission to first end smuggling of […]

A Spanish firm, Ocean Infrastructure Management, and its Nigerian partner, Franchise and Business Solutions Limited, have concluded plans to meet with the Ondo State Governor, Rotimi Akeredolu, over the Ondo deep seaport project on Thursday. According to a statement from the firms, the meeting with the governor will also witness the presentation and adoption of […]

The interest rates on treasury bills have crashed further, closing in the single digit region at the end of the Primary Market Auction on Wednesday. The CBN had offered N4.38bn on the 91-day tenor, N12.92bn on the 182-day tenor and N107.93bn on the 364 –day tenor. The interest rate, otherwise known as stop rate, for […]

The House of Representatives has called on the oil companies in the Niger Delta to stop gas flaring, asking the Federal Ministry of Petroleum Resources, the Nigerian National Petroleum Corporation and other regulators to enforce the relevant laws. The House particularly called on international oil companies operating in the Niger Delta region “to stop forthwith […]

The Nigeria Customs Service is seeking the reintroduction of import tax on petroleum products. The Comptroller-General of Customs, Col Hameed Ali, said this at the 2020 budget defence before the House of Representatives Committee on Customs. The Federal Government in 2004 suspended the tax on imported petroleum products. Before the suspension, a tax of N1.50 […]