Illegal Gold Mining: Senate Seeks Probe Of $9bn Annual Revenue Loss         The Senate on Wednesday urged the executive arm of government to investigate the alleged annual revenue loss of $9bn to illegal mining and smuggling of gold in Nigeria. The upper chamber urged the Federal Government...

Crude Oil Remittance: Court Upholds $1.7bn Arbitral Award In Favour Of NPDC           The Federal High Court in Lagos has upheld a landmark $1.7billion arbitral award in favour of the Nigerian Petroleum Development Co. (NPDC) Ltd against the Atlantic Energy Drilling Concepts Nig. Ltd and Atlantic...

Lawmakers Accuse Apapa Gridlock Presidential Task Force Of Extortion       The House of Representatives has said the Federal Government should pay attention to the construction of access roads linking seaports in the Apapa area of Lagos State. It also accused the presidential task force set up to...

CITN Seeks Holistic Review Of Tax Incentives         The Institute of Taxation of Nigeria (CITN) has called for a more holistic review of the country’s tax incentives regime. They urged that tax incentives must be properly structured towards achieving its objectives. President and Chairman of Council, CITN, Gladys...

Fed Govt Suspends Sales, Activation Of SIM Cards         The Nigerian Communications Commission (NCC) has ordered the suspension of the sales and activation of new SIM cards by telecom operators. NCC in a statement on Wednesday said the suspension was to allow an audit of the Subscriber...

Renewable Energy Breakthrough Threatens Nigeria’s Gas Investments         Efforts by the government to harness its 203.16 trillion cubic feet (TCF) gas reserves to spur economic activities and boost revenue may remain elusive as an emerging energy solution, especially renewable energy and energy storage, are projected to...