Customs Collect N5bn Daily During Border Closure - Hameed Ali   The Comptroller-General of the Nigeria Customs Service, Hameed Ali, on Wednesday, told the National Assembly members that the agency had been raking in between N4.7bn and N5.8bn since the Federal Government closed the nation’s borders. Ali...

Senate Probes 7 Oil Firms Over Unremitted $21bn     The Senate on Wednesday, mandated three of its committees to investigate seven international oil companies over their alleged refusal to remit about $21 billion to the national treasury. The decision of the upper chamber was sequel to a...

FG Revives Toll-gate Fee, Approve N46bn For Roads   The Federal Government on Wednesday announced plans to ensure the return of tollgates on federal highways. The tollgates were abolished in 2003 by the administration of ex-President Olusegun Obasanjo. The Minister of Works and Housing, Babatunde Fashola, stated this...

IKEDC To Invest N105bn In Power Network   Ikeja Electricity Distribution Company (IKEDC) plans to invest N105bn in its network in the next five years; figures released by the Nigerian Electricity Regulatory Commission on Wednesday have shown. In its draft Performance Improvement Plan submitted to the NERC,...

Exporters Shun N13bn Credit Facility At NEXIM Bank   Nigeria Export-Import Bank (NEXIM), has revealed that over N13 billion of Federal Government’s credit intervention for export and Small and Medium Enterprises (SMEs) have not been accessed. NEXIM, North West Regional Head, Waziri Albishir, made the revelation during...

Govt Targets N300bn Revenue From Maritime Sector   The Federal Government has declared its intention of enabling the maritime sector to contribute over N300 billion to the national coffers, through restoration of safety and security on the waters. The Minister of Transportation, Rotimi Amaechi, who disclosed this...