Air Transport’s Contribution To GDP Drops By 11.8% - NBS       Air transport’s contribution to Gross Domestic Product for the first quarter of 2021 sunk by 11.78 per cent. A quarterly report published by the National Bureau of Statistics on Sunday showed that air transport under services...

OML 118: NNPC, SNEPCo, Others Sign Multi-billion Dollars Pact       The Nigerian National Petroleum Corporation (NNPC) and its Production Sharing Contract (PSC) partners – Shell Nigeria Exploration and Production Company (SNEPCo), Total Exploration and Production Nigeria Limited (TEPNG), Esso Exploration and Production Nigeria Limited (EEPNL) and...

Unpaid Minerals Export Royalties to Federation Account hit N17.12bn The Federal government has said that outstanding unpaid royalties from Minerals export between 2013 and 2017 to the Federation Account amounted to N17.12billion. The Minister of Mines and Steel Development, Olamilekan Adegbite disclosed this during the consultative...

Reps Allege Sabotage, Grill Officials Over $120m Abandoned Ports’ Scanners         The House of Representatives’ Committee on Customs and Excise, on Monday, grilled top officials of the Federal Government over the abandonment of 22 cargo scanners that cost taxpayers $120m at the seaports, airports and land...

FG Releases N5bn Aviation Bailout, Bars 22-year Aircraft From Nigeria       The Permanent Secretary, Federal Ministry of Aviation, Hassan Musa on Monday told the House of Representatives that the Federal Government had released N5bn out of the N26bn approved as COVID-19 intervention fund for the aviation...

Senate Mulls New Bill Assigning NIPOST Stamp Duty Collection       The Senate Committee on Communications on Monday held a public hearing on two bills. One of the proposed legislation, among others, empowers the Nigerian Postal Service to collect stamp duty for the Federal Government. NIPOST and Federal Internal...