The Economic and Financial Crimes Commission in conjunction with the International Criminal Police Organisation have arrested a Nigerian fraudster for an alleged $60m (N18.9bn) scam. According to a statement by the EFCC and INTERPOL, the suspect identified only as Mike,...

The Central Naval Command, (CNC) of the Nigerian Navy in Yenagoa, on Saturday said it seized a vessel laden with 600,000 litres of suspected illegally refined automotive gas oil also known as diesel. This is contained in a statement issued...

The federal government’s plan to raise N4.2trillion ($14.3 billion) revenue set in the 2016 budget from its revenue agencies may not materialise, as the Nigeria Customs Service (NCS) has failed to meet the target set for it by the...

Lagos State Governor, Mr. Akinwunmi Ambode, yesterday embarked on an extensive tour of Eko Atlantic City, expressing confidence that the project would not only boost the economy of the state, but also increase its internally generated revenue (IGR). Governor Ambode,...

Inadequate gas supply due to pipeline vandalism, the looming threat of reversal of electricity tariff hikes, inability of power companies to sign gas supply contracts, and large amounts of debt owed to power companies by ministries, departments and agencies...

In January 2016, the Central Bank of Nigeria announced that it had stopped, with immediate effect, the sale of foreign exchange to Bureau de Change operators, so as to reduce pressure on Nigeria’s foreign reserves. The CBN Governor, Godwin...