$20bn Oil Theft: Reps Grill DPR, Summon NNPC, CBN         The House of Representatives has continued its investigation of diverted and stolen crude oil in Nigeria valued at $20m, with its Ad Hoc Committee on Oil Theft grilling top officials of the Department of Petroleum Resources. While...

Road Concession: Fed Govt Expecting N1trn Private Sector Investments         The Federal Government is expecting over N1tn from the private sector for the development and maintenance of the 12 highways that it selected for concession under the Highway Development Management Initiative. It was gathered in Abuja on...

Customs Impound Smuggled Goods Worth N40.5m In Duty Paid Value       The Federal Operations Unit (Zone B) of Nigeria Customs Service (NCS) ‎has seized smuggled goods worth N40.530 million in Duty Paid Value (DPV). Comptroller Al-Bashir Hamisu disclosed this at the zone’s headquarters along Kaduna-Zaria highway yesterday. He...

FG Okays N1.3bn Surveillance Cameras For Lagos, Abuja Airports         The Federal Executive Council on Wednesday approved a contract worth about N1.3bn for the design, supply and installation of PTZ long range tarmac camera surveillance system at the Murtala Mohammed International Airport, Lagos and the Nnamdi...

Oil Firms’ Income Tax Payments Decline To N47.74bn       The company income tax paid by oil and gas companies to the Federal Government fell by N4.94bn or 10.25 per cent in 2020, official figures have shown. An analysis of data collated from the National Bureau of Statistics...

Eight Oil-producing States Received N6trn In 11 Years — Report       Eight oil-producing states received N6.589 trillion from the Federation Account under the 13 per cent derivation principle, between 2009 and 2019, with little or no impact on the lives of citizens of the states, according...