NPA Rakes In N191bn Revenue In Six Months   The Nigerian Ports Authority (NPA) has said 1,852 vessels completed operations in the first half of 2023. The authority said it generated N191.4bn as revenue within the period under review. It added that N55.7bn was remitted to the consolidated...

CBN Withdraws 2,698 BDCs Licences In One Year   The Central Bank of Nigeria (CBN) has released an updated list of Bureau de Change (BDCs) dealers approved in the country. According to the list published by the apex bank, the total number of approved BDC operators reduced...

Reps To Probe NNPCL Over Non-remittance Of Revenue   The House of Representatives is set to commence investigations into non-remittance of revenues to the federation account by the Nigerian National Petroleum Company Limited (NNPCL). This followed the adoption of a motion, ‘Need to investigate the non–remittance of...

NEPC Faults Global Economy For Non-oil Export Decline   Nigeria’s non-oil sector recorded a slight decrease in the value of exports to $2.54bn representing 0.09 per cent dip in the first half of 2023. This was revealed by the Executive Director/Chief Executive Officer of the Nigerian Export...

Fuel Hike: Masses are Suffering, We'll Down Tools, NLC warns FG Nigeria Labour Congress (NLC) has warned that it may be forced to withdraw from the dialogue with the federal government over the hardship its removal of fuel subsidy has visited on Nigerians. This followed yesterday’s...

Market Forces Responsible for Fuel Hike, Says Kyari The Group Chief Executive Officer (GCEO) of NNPC, Mele Kyari says market forces were responsible for the increase in pump price of petrol, assuring Nigerians that there was no shortage in product supply. Kyari blamed market forces for...