Seme Customs Impound Petrol, Narcotics, Others With N1.5b DPV   The Seme Area Command of the Nigerian Customs Service (NCS), on Monday announced the seizure of Premium Motor Spirit (PMS) worth N7,697,299.00. Also seized were narcotics worth N37,874,400.00. These seizures were made between January and November...

We’ll Consider Buhari’s Request For $30bn Loan, Lawan Says   Senate President Ahmad Lawan yesterday in Abuja said the Senate would consider the $30 billion loan request by President Muhammadu Buhari. Addressing journalists on the achievements of the ninth assembly, Lawan said the request was rejected...

Reps Investigate Missing N14.8bn In The NCS   The House of Representatives Committee on Public Accounts yesterday began a public hearing on the “improper” audit of the account of the Nigeria Customs Service for years. The investigative hearing focused on series of audit queries raised against the...

Nigerians Spent N509.8bn On Imported Used Vehicles In 9 Months   Within a nine-month period covering January to September this year, Nigerians spent about N509.8bn importing used vehicles into the country. The figure was arrived at based on an analysis of the foreign trade in good statistics...

Tony Elumelu Entrepreneurship Programme Receives $5m Grant From AfDB The board of directors of the African Development Bank has approved a grant of $5m to enable the Tony Elumelu Foundation entrepreneurship programme to scale up its outreach and impact to 1,000 select youth entrepreneurs. The grant...

FG Moves To End N800bn Yearly Importation of Paper   The Minister of Industry, Trade and Investment, Mr. Adeniyi Adebayo, has said the federal government will resuscitate the Nigerian Paper Industry as part of its strategy for economic diversification. He said the paper industry plays a critical...