DPR Seals Illegal Gas Plants, Outlets In Lagos   The Department of Petroleum Resources has sealed off seven illegal plants and three retail outlets refilling Liquefied Petroleum Gas (cooking gas) cylinders in Lagos. The plants and outlets were shut on Tuesday for operating without licences from the...

FG Decries Huge Loses to Illegal Mining   The federal government has lamented the activities of illegal miners across the country. It noted that 80 per cent of mining activities in Nigeria are illegal, causing the country to lose billions of Nigeria annually and greatly constraining the...

Nigeria Records $50bn Loss Annually To Illegal Financial Flows Nigeria has been losing about $50 billion to illicit financial inflows (IFF) through money laundering, tax evasion and corruption yearly, the Civil Society Legislative Advocacy Centre (CISLAC), has said. Executive Director of CISLAC, Auwal Ibrahim Musa, who...

Senate Orders N216bn Illegal Subsidy Payment Refund By NNPC     The Senate has declared as illegal the current payments by the Nigerian National Petroleum Corporation to augment the differentials between the landing cost of the Premium Motor Spirit (petrol) and the pump price. The legislature asked the...

The Nigerian Stock Exchange (NSE) has begun the implementation of newly amended rules aimed at tightening the noose on unauthorised sale and transfer of shares by unscrupulous stockbroking firms and traders. Last week, the Exchange  started the implementation of a detailed and tougher rule on...