The Nigerian National Petroleum Corporation (NNPC) remains the major importer of petrol in spite of liberalisation of petroleum products and government intervention to ease marketers’ access to foreign exchange (forex). The corporation in its latest Monthly Financial and Operations Report said it has been operating...

The 2016 3rd quarter Vessel Categorisation Report indicated that about 235 vessels operating in the oil and gas industry were built in the country. The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Mr Simbi Wabote, told NAN in Lagos that the development was...

A bill seeking to set aside 20 percent of the country’s annual budget for constituency projects scaled through second reading at the Senate. If the bill becomes law, the constituency projects will get at least N1.4 trillion out of the 7.3trillion 2017 budget estimates to...

The House of Representatives has asked the Federal Government to suspend its new policy of banning the importation of vehicles through land borders. The lawmakers specifically advised President Muhammadu Buhari to intervene by urgently directing the Nigeria Customs Service to reverse the policy. The policy is...

...‘Why economy won’t recover soon’ ...Clearing agents, LCCI blame exchange rate, high duties Efforts at job creation and price stabilisation are proving very little in the face of dwindling seaport operations. Statistics from the Nigerian Ports Authority (NPA) showed nine-month low of import and export estimates....

Contrary to the general perception that the Nigerian Communications Commission (NCC) gave network providers the directive to increase data tariffs, the commission said that it never gave such a directive. The commission, which made the disclosure at an investigative hearing organised by the Senate Committee...