Oil hit its highest level price yesterday, driven by a falling dollar and evidence of declining United States (U.S..). supply, putting the price on course for its strongest monthly performance since last April. Brent crude futures were up $1.03 at $46.77 a barrel in early...

With government and economic drivers working to improve the economy through non-oil sector, the Acting Director General of the Standards Organisation of Nigeria (SON), Dr. Paul Angya, has said Nigeria can rake in billions of dollars from tourism and hospital industry sector. Angya, who spoke...

For contravening various rules, including late remittance of funds under the Treasury Single Account (TSA) guiding the Nigerian banking industry, eight banks last year paid a total fine of N3.323 billion. Of the eight banks that have released their full financial statements for the year...

The Federal Government plans to review its existing tax incentives to further block revenue leakages in the system. Minister of State for Budget and National Planning, Mrs Zainab Ahmed who spoke yesterday on the sideline of the conference of African Ministers of Finance and Economic...

Come July 1, Nigeria’s export products may be rejected if they or the containers in which they are loaded are not weighed before being loaded onto ships. The rule, which is a convention of the International Maritime Organisation, is expected to become effective for all...

The Nigerian Customs Service (NCS) has set a monthly target of N67.9bn for its three Lagos seaport commands, Apapa Customs Command, Tin-Can Customs Command and the Ports & Terminal Multiservice Ltd (PTML) Command. After surpassing the N954billion revenue target for 2015, the Customs hierarchy had...