One Billion Oil Barrels Found In North-East- FG

The Minister of State for Petroleum Resources, Chief Timipre Sylva, said on Wednesday that the nation’s oil and gas sector has worsened as the uncertain fiscal environment put a damper on investment. The minister also disclosed that about a billion...

Tin Can Customs Eyes N47.4bn Monthly Revenue

Ahead of its official revenue generation quota from the headquarters of the Nigeria Customs Service, the Tin Can Island Command has declared that it is already working towards achieving N540bn this year, at a monthly minimum of N47.4bn. The Command...

For Ninth Year, Dangote Named Africa’s Wealthiest Man

The Chairman, Dangote Group, Aliko Dangote has been named the wealthiest person in Africa for the ninth consecutive year. However, the latest ranking of the world’s billionaires by Forbes estimated that his net worth dropped by $200m from $10.3bn to...

Ease Hardship On Road Users, Minister Implores Contractors

Minister of Works and Housing, Babatunde Fashola, has charged contractors working on the dualisation of the Lokoja-Auchi-Benin road to ensure that road users are not subjected to hardship while the work is ongoing. A statement issued by the Ministry of...

Aero Engages Ramco In N200m Aircraft Repairs Deal

Domestic carrier, Aero Contractors, said it has engaged Indian software firm, Ramco, on the automation and expansion of its Maintenance, Repair and Overhaul facility in Lagos. The Managing Director of Aero, Capt. Ado Sanusi, said the partnership would cost the...

NNPC Has Over $20bn Assets- Kyari

The Nigerian National Petroleum Corporation has assets worth over $20bn, its Group Managing Director, Mr Mele Kyari, said on Monday, even as he decried the continued importation of petroleum products into the country. Kyari said this at the at the...

Pipeline Vandalism Rose By 94% In November- NNPC

The Nigerian National Petroleum Corporation said on Sunday that it suffered a 94 per cent increase in willful hacking and destruction of its pipeline infrastructure across the country in November 2019. The NNPC said in a statement that its monthly...

Amaechi: ‘Fani-Kayode Disappeared With N2 Billion as Aviation Minister’

Transportation Minister, Rotimi Amaechi, says former Aviation Minister, Femi Fani-Kayode, made away with N2 billion given to him by the Rivers State government to fix a deplorable Port Harcourt Airport runway. Fani-Kayode served as Culture and Tourism Minister; and Aviation...

Group Advises FG To Relocate 15,000 Containers From Apapa

Stakeholders have suggested utilising the Ikorodu Lighter Terminal as an alternative container depot to lessen congestion at the Apapa and Tin Can Island ports. Speaking under the aegis of the National Council of Managing Directors of Licensed Customs Agents,...

Customs Demands Excise Duty On Soft Drinks

The Nigeria Customs Service (NCS) has called on the Federal Government to broaden its excise tax net to include carbonated drinks. Customs Comptroller-General, Hameed Ali, made the call at a public hearing by the House of Representatives Committee on Finance...