Unpaid Import Duty: FG Grants Private Jets Owners 30-day Extension   The Federal Government has rescinded its decision to ground 60 private jets owned by various individuals in Nigeria over unpaid import duty running into several billions of naira. It was reported on Monday that the government...

Forex Crisis Halts Completion of Four Inland Dry Ports Projects   Maritime operators have blamed the non-completion of four out of the seven approved inland dry ports on the foreign exchange crisis in Nigeria and other issues. The immediate past Managing Director of the Kaduna Inland Dry...

NNPC Sells PMS to IPMAN at N995 per Llitre   The Nigerian National Petroleum Company Limited (NNPC) has agreed to sell Premium Motor Spirit (petrol) to members of the Independent Petroleum Marketers Association of Nigeria at N995 per litre. This followed the intervention of the Department of...

'How Six Offshore Licences Were Developed Over The Years'   The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has disclosed that only six out of the 42 deep offshore licences it granted in the last 30 years have been developed. This was revealed by the Head of the...

Peter Obi, former Anambra State Governor and Labour Party presidential candidate, has voiced concern over Nigeria's tough economic conditions, attributing the difficulties primarily to what he calls the government's “poor policy choices.” 

The Minister of Marine and Blue Economy, Adegboyega Oyetola, has officiated the groundbreaking ceremony for the Gateway Inland Dry Port (GIDP), emphasizing that the Ogun State government and the concessionaire must ensure the port is constructed to international standards, capable of meeting the demands of modern trade.