Should Senate Tackle Customs for Rice Seizure?, by Zubaida Baba Ibrahim       Despite being Africa’s highest producer of rice, Nigeria spent an average of $4.2bn on its importation. These statistics were the basis on which the ban on rice importation was implemented in 2019. The importation ban...

NERC Okays N756bn Investments For 11 Power Firms       The Nigerian Electricity Regulatory Commission (NERC) has approved N756.74 billion Capital Expenditure (CAPEX) for the 11 Distribution Companies (DisCos) for the next five years in their Performance Improvement Plan (PIP). The projected investment directives were requested for by...

LCCI To CBN: Review Policy On Repatriation Of Export Proceeds     It has become imperative for the Central Bank of Nigeria to review its policy on repatriation of export proceeds, the Lagos Chamber of Commerce and Industry has said. Director-General of LCCI, Dr Muda Yusuf, said this...

Customs Impound Explosives, Contrabands Worth N3.1bn       The Federal Operations Unit (FOU), Zone A of the Nigeria Customs Service (NCS), yesterday, said it has impounded 42 drums of explosives in the form of calcium carbide and other contraband worth N3.1billion smuggled into Nigeria from Benin Republic. The...

DBN Appoints new Executive Director, Non-Executive Director. The Development Bank of Nigeria (DBN), Nigeria’s primary wholesale development finance institution has announced the appointments of Mrs. Ijeoma Ozulumba and Mr. Kyari Abba Kyari as Executive Director and Independent Non-Executive Director respectively on the board of the...

Passengers Groan Over 100% Air Fare Hike     This is not best of time for air passengers on domestic flights as they have to contend with high fares. It was learnt on Monday that fares on major local routes had gone up by as much as 100...