Despite Subsidy Removal, Fuel Smuggling Persists in Borders – Customs boss The Acting Comptroller-General of the Nigeria Customs Service, Adewale Adeniyi, on Monday, vowed a heavy clampdown on oil thieves, insisting that the nation cannot “afford to let saboteurs take over our economy.” Adeniyi, who said...

Stolen Crude oil: Private Security Intercepts 800,000 Litres A private security contractor engaged by Nigerian National Petroleum Company Limited (NNPCL), Messrs Tantita Security Services, has intercepted a suspicious 800,000 litres capacity vessel with stolen crude oil. The Vessel, MT TURA II (IMO number: 6620462), owned by...

Investors Witness N851bn Gain in One Day Nigeria’s equities market witnessed one of the highest one-day gains in 2023 as investors consolidated on the recent market rally to gain N851bn. The market went up on Monday by 2.48 per cent as the All-Share Index and equities...

Nigeria Accounts for 33% of Africa’s gas Reserves, Says FG The Federal Government says Nigeria currently accounts for 33 per cent of the total gas reserves in Africa. While disclosing this through the Nigerian Upstream Petroleum Regulatory Commission on Monday, it added that the gas reserves...

Kaduna Electric Unions Sign Condition of Service The Managing Director of Kaduna Electricity Distribution Company, Engr. Yusuf Usman Yahaya has expressed confidence in the ability of the workers of the Nigerian Electricity sector to give the Country the much-needed energy security and sustainable electricity supply. Engr....

MTN to Invest $3.5bn, Mobilise $1.5trn Other Investments into Nigeria's Economy The MTN Group has said it has a plan to invest $3.5 billion in the Nigerian economy over the next five years. This is part of a broader vision of becoming a pan-African company by...