Ogoni Oil Spill : Ten Years After Judgment, Shell Agrees To Pay N45.9bn       The people of Ogoni in Rivers State got justice on Wednesday as the multinational oil company, Shell Petroleum Company, agreed to pay N45.9bn for the losses suffered as a result of oil...

FG Approves $2.5m, N498.2m For Four Power Projects     The federal government has approved a total sum of $2.54 million and N498.23 million for four power projects across the country. This is just as it also okay the interim report on greenhouse emission reduction for the nation. Minister...

Insecurity Fuels 22% Food Inflation, Surveillance Gulps N476bn       The Federal Government may have spent N475.8bn on surveillance to curtail the high level of insecurity threatening both the economy and lives of Nigerian citizens. Analysis of the Federal Government budgets between 2017 and 2021 showed that the...

Nigeria, Others Lose $2bn Annually To Illegal Sea Activities       The United States (U.S) Consul-General, Claire Pierangelo, has said West Africa loses about 800,000 tons of fish a year, worth almost $2 billion in gross revenue, to illegal activities by both foreign and domestic vessels. Pierangelo stated...

Anticipated $3.4bn SDRs From IMF, $6.2bn Eurobond Issuance Lift Naira At BDC, Parallel Markets     Despite the suspension of supply of foreign exchange sales to Bureau De Change (BDCs) by the Central Bank of Nigeria (CBN, the naira strengthened against the dollar at the BDC and...

Customs Impound N22bn Animal Parts, N338.58m Goods     The Nigeria Customs Service (NCS), on Wednesday, said it intercepted N22.2 billion worth of elephant and pangolin scales and claws in an apartment in Lekki area of Lagos. The Nigeria Customs Service (NCS), on Wednesday, said it intercepted N22.2...