Tanker Owners Suspend Strike As NNPC, DSS Intervene       The Nigerian Association of Road Transport Owners has suspended the two-day warning strike which it commenced on Tuesday. It halted the strike following the intervention of the Nigerian National Petroleum Corporation and the Department of State Services. On Monday...

CBN, DSS Tackle Smugglers, Impound 1,207 Bags Of Rice   The Central Bank of Nigeria has formed a working alliance with the Department of State Services to clampdown on merchants engaged in warehousing of smuggled rice. The alliance has led to the seizure of 1,207 bags of...

NNPC Wants DSS's Assistance On Debt Recovery, Vandalism   The Group Managing Director of the Nigerian National Petroleum Corporation, Mr Mele Kyari, has asked the Department of State Services to assist the NNPC in its effort to recover outstanding debts as well as curb pipeline vandalism. Kyari...

The Nigerian National Petroleum Corporation has announced elaborate measures to sustain supply of Premium Motor Spirit, (petrol), Automotive Gas Oil, diesel, and Dual Purpose Kerosene, DPK, otherwise called kerosene, nationwide.   These measures include: increasing the February supply of Premium Motor Spirit (PMS), by six...

A QUESTION and answer format is adopted in this article to examine issues related to the recent DSS raid on Bureau de Change (BDC). Please read on: Question: What do you think about the CBN’s policy that allowed BDCs to buy dollars at N381/$ and...

Despite last week’s raid and arrest of some licensed currency dealers who were said to be selling foreign exchange (FX) above the prescribed limit, the naira appreciated on both the interbank and parallel segments of the market. Precisely, on the interbank FX market, the spot...