SEC warns Firms Dealing on Illegal Foreign Investment The Securities and Exchange Commission (SEC) has warned Nigerian investors against patronising unregistered online investment and trading platforms, which boast of facilitating access to securities, listed in foreign markets. In a circular just released, the Commission noted the...

Shell’s Annual Payment To Nigerian Govt Hits Six-year Low       The payment made to the Federal Government by Shell companies in Nigeria plunged by 42.45 per cent in 2020 to the lowest in six years. Royal Dutch Shell said on Wednesday that its subsidiaries in Nigeria paid...

Customs Generate N46.85bn In Q1, 2021     The Ports and Terminal Multiservices Limited Command of Nigeria Customs Service has recorded N46.85bn as total revenue collection for the first quarter of 2021. According to a statement signed by the spokesman of the command, Muhammad Yakubu, the command collected...

CBN Freezes Eleven Bank Accounts     The Central Bank of Nigeria on Wednesday said it got an order from the Federal High Court, Abuja division, to freeze 11 bank accounts to enable it conduct investigations into suspicious activities. It disclosed this in two documents posted on its...

Shippers Count Losses, NPA Resumes Export Receipts       Shippers in the country have said they lost N780bn in 2020 because they could not access shipments in ports. They said the inability to access the ports affected both in imports and export cargoes. President of Shippers Association Lagos...

Nigeria Raked In $150m From Coconut Oil In 2020       The Minister of Agriculture and Rural Development, Sabo Nanono, on Wednesday in Benin disclosed that Nigeria generated $150m from the export of coconut oil and its derivatives in 2020. Speaking through his representative, Bernard Ukattah, a deputy...