The country’s three refineries in Warri, Port Harcourt and Kaduna are not up for concession or privatisation, as there is no plan to do so, the Federal Government has said. Rather, the government says that it favours private sector investment and subsequent joint ownership and...

With the new electronic Vehicle Identification Number (VIN), any vehicle on which duty has not been paid will not be able to be registered and driven in Nigeria, the federal government declared. Speaking at the commencement of a workshop on the new registration platform, held...

The Nigeria Extractive Industries Transparency Initiative (NEITI) has lauded the federal government for terminating the cash call payments on Joint Venture (JV) agreements with major international oil companies (IOCs) saying N7.5 trillion was spent on financing the arrangements in five years. In a statement by...

The Association of Motor Dealers of Nigeria (AMDON) predicts proposed ban on overland importation of cars could cost the government at least N100 billion in lost revenue, cause chaos in transportation sector and render up to 2 million people without work. Motor dealers ferry up...

The plan by the Senate to repeal the Act establishing the Bank of Industry and replace it with a National Development Bank of Nigeria has been criticised by several professional groups and workers’ unions. And if the NDBN Bill, which has passed a second reading...

The Nigerian Electricity Regulatory Commission (NERC) has responded to claims by the 11 electricity distribution companies (Discos) that its regulatory actions contributed to the current N809.8 billion revenue shortfall of the electricity market. Through their association – the Association of Nigerian Electricity Distributors (ANED), the...