The Court of Appeal sitting in Lagos has dashed the hope of the Federal Government to raise about N2.5tn per annum from stamp duties on bank lodgements with value of N1,000 and above. Ruling on an appeal filed by Standard...

Niger Delta Avengers, NDA, yesterday blew up the Nembe 1, 2 and 3 trunk line jointly operated by Agip, Oando and Shell Petroleum Development Company, SPDC, disrupting the supply of 300,000 barrels of crude per day to Bonny Export...

The Senate mandated its Committee on Customs, Excise and Tariff to carry out a holistic investigation into the activities of the Nigeria Customs Service (NCS) with a view to identifying the reasons for its declining revenue, leakages and irregularities...

The Senate condemned the act of hawking, selling and otherwise illegally trading in new Naira notes, coins or any notes issued by the Central Bank of Nigeria. It urged security agencies, as a matter of urgency, to enforce compliance with...

The Lagos State Governor, Mr. Akinwunmi Ambode, has said that the state expects to get its first derivation fund next month following the first export from the Aje oil field located offshore Lagos. Ambode disclosed this on Tuesday in Lagos...

A consortium of German renewable energy companies led by Nigus has concluded plans with the Federal Government to build five solar power plants worth N183bn ($600m) in some North-Eastern states. According to the Nigerian Investment Promotion Council and the consortium,...