Ports 6,000 Overtime Cargoes Unclaimed, Impede Trade - FG The Minister of Marine and Blue Economy, Gboyega Oyetola, decried the sorry state of the nation’s seaport, saying the presence of about 6,000 unclaimed cargoes scattered around Tin-Can Island and Apapa ports in the Lagos area...

Consumers Kick Against 40% Electricity Meters Price Hike  The Nigerian Power consumers have opposed the increase in the prices of meters, calling on the government to consider Nigerians' plight and reverse the price hike. The Federal Government, on Wednesday, announced an increase in the prices of...

OPEC Warns FG as Refining Capacity Crashes to 6,000b/d The Petroleum Exporting Countries recent report has revealed that Nigeria's crude oil refining capacity has further reduced to just 6,000 barrels per day. In its latest Annual Statistical Bulletin 2023, OPEC said the country’s capacity to refine...

Gas Revenue Falls by N3tn in One Year – Report The Federal Government, last year, lost the sum of N3.3tn gas revenue last year, as a result of drop in export due to low production, according to data obtained from a global professional body for...

FG Loses N335m to Oil Spill - NOSDRA  The National Oil Spill Detection and Response Agency says Nigeria lost about N335m to oil spilled between January and August 2023. NOSDRA, in its oil spill data for the period under review, said a total of 168 incidents...

Nigeria’s Capital Expenditure Among Lowest Globally, Says W’Bank The World Bank Country Director for Nigeria, Mr Shubham Chaudhuri, has said that public spending in the country is among the lowest globally. He said this while making his keynote address at the annual banking and finance conference...