Oil Theft: NNPCL Confiscates Fresh 63 Illegal Refineries in One Week The Nigerian National Petroleum Company Limited has announced that another 63 illegal refineries were discovered and confiscated in the past week. It was revealed in a documentary that the fight against oil theft was yielding...

Maiduguri Dry Port to Begin Operation in December, Says Zulum The Borno State Governor, Babagana Zulum, has revealed that the Jauri Inland Dry Port located in Maiduguri, Borno State, would be ready for operation by December. Zulum disclosed this on Wednesday, when he paid a courtesy...

FG Inaugurates Cttee on Naira-based Crude Sale to Local Refineries  The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has officially inaugurated a technical sub-committee tasked with developing the framework for the sale of crude oil to local refineries in naira. This initiative...

Senate to Impose N50m Fine on Unlicensed Insurance Firms The Senate has proposed a fine of N50m to the principal officers of insurance companies operating without valid licenses or that they be sentenced to a two-year prison term or both. It proposed this in a bill...

FG Commences Duty-free Import on Food Items The Nigeria Customs Service has commenced the implementation of the zero per cent import duty and exemption of Value-Added Tax on basic food items. This was after President Bola Tinubu approved the implementation of zero per cent import duty...

African Union Appoints Pantami as Co-Chair of the 4th Industrial Revolution Policy Council The African Union, through the African Scientific Research and Innovation Council (AU-ASRIC), has appointed Professor Isa Ali Ibrahim Pantami as a Co-Chairman for the formulation and development of the 4th Industrial Revolution...