FG Says Fuel Subsidy, Oil Theft Gulped N29trn   The Federal Government, disclosed that the amount spent on subsidising Premium Motor Spirit, popularly called petrol, between 2005 and 2021 was N13tn, adding that the country lost N16.3tn to oil theft from 2009 to 2020. It disclosed this...

KLT Command Rakes in N10.572bn in Q1   Kirikiri Lighter Terminal (KLT) command of the Nigeria Customs Service says it generated the sum of NI0.572 billion in revenue between January and March 2023, which represents 76.87 per cent of its expected revenue for the first quarter. This...

BEDC Spends N11bn to Purchase Energy from NBET Monthly, Says MD   The Managing Director/Chief Executive Officer, Benin Electricity Distribution Company (BEDC), Deolu Ijose, has revealed that the company needs the cooperation of electricity consumers in its franchise states to meet their demands as it gets...

FG to Approve N498m for Luggage Scanners at Railway Stations   The Federal Government has approved the procurement and installation of luggage scanners in all railway stations in Abuja, Kaduna and Kano. They include eight colour-imaging Xray scanners, eight body scanners and metal detectors as well as...

FG Approves N23bn for Maintenance of Third Mainland Bridge, Others   The Federal Government has approved the sum of N23.33bn for surface maintenance of the Third Mainland Bridge, Lagos State, as well as the augmentation of the contract sum for the old Enugu-Anambra road project. The Minister...

Gas Flaring: FG Imposes N22bn Fine On Oil Firms   The Federal Government will impose $49m (N22bn) fine on oil and gas firms operating onshore for flaring 24b Standard Cubic Feet of gas valued at about N40b ($86m) between January and February 2023. According to latest gas...