The Ogun State Area Command of the Nigeria Customs Service, says it intercepted 7,030 bags of smuggled foreign rice, and 38 used vehicles popularly known as Tokunbo, among other seizures within the month of May 2019. The Controller of the command, Michael Agbara, disclosed this on Tuesday at the Idiroko border office of the command […]

The Federal Government has appointed Capt. Mukhtar Muye as the new Director of Airport Operations for the Federal Airports Authority of Nigeria. According to a statement by the General Manager, Corporate Affairs, Henrietta Yakubu, Muye is a trained commercial and multi-engine instruments pilot, who has had a distinguished career in the country’s aviation industry. “Until […]

There are more compelling reasons now than before for the Federal Government to remove the petroleum subsidy, and channel the money into some other social intervention programmes of the government that had direct impacts on the poor in view of the low government revenue. The FSDH Merchant Bank stated this in its monthly economic and […]

A Federal High Court in Lagos has adjourned until June 19 hearing in a debt recovery suit filed by the Federal Government against Shell Western Supply and Trading Ltd over an alleged $406.7m shortfall in crude oil shipment. The suit numbered FHC/L/CS/336/16, was filed by Fabian Ajogwu, the counsel to the Federal Government. It has […]

Akwa Ibom State’s carrier, Ibom Air, has been given the Nigerian Civil Aviation Authority’s Air Operator Certificate to begin commercial flight services. The AOC was issued to the airline in Lagos, on Thursday. The airline, in a statement on its website on Thursday, said it would commence flight operations on Friday (today). It added, “Ibom […]

  Fund laundered by  former Nigerian dictator and Army General, Sani Abacha, has been seized from a bank in Jersey, Channels Islands by a British court. The money worth £211,000,000 was put into accounts held in Jersey by Doraville Properties Corporation, a British Virgin Island company. The money will be held by the government until authorities […]

Some industry leaders in the African insurance sector and the United Nations Environment have agreed on collaborative initiatives in the region to drive economic, social and environmental sustainability. Continental Reinsurance Plc said in a statement that the UN Secretary General, Antonio Guterres, said that the work of the United Nations in peace and security, human […]

The Federal Government, yesterday, advised South African government to explore investment opportunities in the nation’s oil and gas sector for growth. The Department of Petroleum Resources (DPR) Director, Mr.Ladan Modecai, gave the advice at the Nigeria – South Africa Chamber of Commerce breakfast meeting in Lagos. He said the development became necessary in order to impact […]

BudgIT has called on President Buhari to privatize all government-owned refineries while also fully deregulate the petroleum downstream sector.   According to the findings of our new policy brief “Inside Nigeria’s Local Refineries” Nigeria’s government-owned refineries in Kaduna, Port Harcourt and Warri incurred a cumulative loss of N32.8 billion in 2017 and N126.2 billion in […]

To celebrate Children’s Day, leading information and communication technology (ICT) company, MTN Nigeria, gave the students of Ireti and Hope Nursery and Primary Schools, Ikoyi, Lagos, a once-in-a-lifetime experience. On Friday, May 24, 2019, the students of the schools were surprised with a visit from popular Nigerian songstress, Chidinma Ekile and child comediene, Emmanuella as […]