NPA to Probe Officers Involved in Extortion along Port Access Roads The Nigerian Ports Authority NPA has disclosed that there is an increasing extortion along the access roads of the Lagos and Tin Can Island Port Complexes and vowed to deal with staff members involved. This...

Hours After Getting Bail, DSS Rearrests Emefiele  The Department of State services (DSS) has rearrested Godwin Emefiele, the suspended governor of the Central Bank of Nigeria (CBN). The operatives of the secret police took custody of Emefiele after a physical fight with officials of the Nigerian...

Foreign Investment in Stock Market Declines by 40.4% to N145.1bn in H1’23 Foreign investment into the stock market, Nigerian Exchange Limited, fell Year on Year, ( YoY) by 40.4% to N145.08 billion in the first half, HI’23 from N243.48 billion in H1’22. The decline reflects low...

NNPC Rallies Operators, Others to Caution Oil Production Cost The Nigerian National Petroleum Company Limited (NNPC) has called on operators, service providers in the nation’s oil and gas industry towards tackling the menace of high production cost and improving profitability in the sector. The Chief Upstream...

Reps Question $9.5bn Loss to Gas Flaring Yearly  The Speaker of the House of Representatives, Rep. Tajudeen Abbas, has inaugurated an Ad hoc Committee to investigate the alleged $9.05 billion revenue loss from gas flaring in the last decade in Nigeria. Abbas, at the inauguration of...

Electronic Transfer Fees Generate N80.86bn in Q1 - Report Electronic transfer levies have generated N80.86bn for the three tiers of government in the first six months of 2023. This is according to data obtained from the Federation Account Allocation Committee communique for January to June 2023....