Nigeria Fails to Meet Gas Export Obligations to Customers – NLNG Nigeria Liquefied Natural Gas Limited has revealed that the country’s major gas exporter – NLNG, was currently not meeting its gas export obligations to customers, not to talk of signing new long-term gas export...

Change in Monetary Policy Caused Drop in Import Volume - Customs The Nigeria Customs Service, Kirikiri Lighter Terminal has attributed the drop in import volume to the effect of the monetary policy. A statement signed by the Customs Area Controller in charge of the command, Timi...

FG Okays N15bn NSITF Infrastructure Upgrades The Federal Government has approved the second phase of the electronic Nigeria Social Insurance Trust Fund, which will enable concessionaires to upgrade the infrastructure at N15bn. Minister of Labour and Employment, Dr Chris Ngige, disclosed this to State House Correspondents...

FAAC: FG, States, LGs share N715bn Allocation in March The Federation Account Allocation Committee says it shared N714.63bn among the three tiers of government in March 2023. The figure represents a decrease of N8.05bn compared to the N722.68bn shared in February 2023. FAAC disclosed this in a...

Drop in ETF Capitalization Caused by Foreign Investors' Exit, Says NGX boss The Chief Executive Officer of the Nigerian Exchange Limited, Mr Temi Popoola, has revealed that the exit of foreign investors from the capital market led to a depreciation in the market capitalisation of...

FEC Approves N142bn e-Customs Project The Federal Government had approved an e-Customs modernisation project worth at least N142.24bn amid reports of an existing court order restraining it from proceeding with the project. The Minister of State, Budget and National Planning, Clem Agba, who said he was...