Gas Flaring: Reps to Clampdown on Firms, Recover Debts   The House of Representatives has asked the National Oil Spill Detection and Response Agency (NOSDRA) to provide it with ‘specified information’ on companies involved in gas flaring, including the amount flared and penalty cost in the...

Manufacturers Lose N10.1trn Annually to Power Crisis, Says MAN   The Manufacturers Association of Nigeria (MAN) says the country’s shortage of electricity supply has been identified as a hindrance to the profitability of manufacturers with an annual economic loss valued at about N10.1tn, about two per...

Tinubu Economic Advisers Seek Customs, NIMASA, FIRS Merger   President Bola Ahmed Tinubu Policy Advisory Council has recommended the declaration of a state of emergency on revenue generation in the country. The council also proposed the merger of the Federal Inland Revenue Service, Nigerian Customs Service, and...

Baba Go Fast? Tinubu Excites Wary Investors with Quick Reforms Nigeria's new president, in office for less than a month, is pushing to put Africa's largest economy on a reform track that investors have eyed for decades, fuelling excitement that money could flow to a...

CBN Free Trade: Naira Falls to N664.04/$ at I&E Window The Naira yesterday lost almost half of its value in the official market as the exchange rate in the Investors and Exporters, I&E window rose to N664.04 per dollar from N471.67 per dollar on Tuesday. This...

Rail Revenue Drops By 60% to N768.4m in Q1 2023 - Report The federal government has seen revenue from rail service dropped to N768.4m in quarter one 2023, lower by 63.02 per cent relative to N2.08bn received in the same quarter of the previous year,...