Customs Raises Alarm over Arms Import as 114,929 Ammunition Seized in Six Years The Nigeria Customs Service, has raised alarm over increased arms import, revealing that since 2018 it intercepted 20 significant shipments, comprising 10,498 pieces of various arms and 114,929 pieces of ammunition, with...

CBN, SEC Sanction Access Bank, UBA, Others for Forex Violations The Central Bank of Nigeria and the Securities and Exchange Commission have sanctioned 10 banks for violations of foreign exchange guidelines and other regulatory offences. These regulatory agencies responsible for overseeing the activities of Deposit Money...

W'Bank Warns of Imminent Interest Rate Rise in Nigeria The World Bank has said that Nigeria, Angola and Sierra Leone, with double-digit inflation and weakened domestic currencies, will maintain a high interest rate for a long period and may even increase it. The bank said that...

Power Failure: Multiple Grids Needed in Regions, States to End Collapse - Adelabu  The Minister of Power, Adebayo Adelabu, says there is a need to have power grids in different regions or states to put an end to incessant grid collapses. The minister stated this on...

Aviation Sector Gets Boost as Keyamo Officially Signs IDERA The Ministry of Aviation and Aerospace Development, Festus Keyamo, has officially signed the procedure for Recordation of Irrevocable Deregistration and Export Request Authorisation (IDERA) updated by the Nigerian Civil Aviation Authority (NCAA). According to the Minister, this...

The Chairman, Presidential Committee on Fiscal Policy and Tax Reform, Mr. Taiwo Oyedele, has said Nigeria is not broke but facing the consequences of revenue leakages.