INVESTIGATION: Nigerian Recovered Assets Suffering ‘neglect’ After Final Forfeiture     NEWS DIGEST - This report takes a look at how Nigerian government failed to ensure proper utilization of recovered assets, together with the challenges of poor assets management by anti-graft agencies. Assets recovery is a major activity...

Budget 2021: Brace Up For Another Recession — Buhari         President Muhammadu Buhari said, yesterday, that the country is heading for another recession, the second in four years. He noted, however, that the Federal Government has put in place plans to ensure rapid recovery in 2021. The President,...

Onne Customs Rakes In N13bn       The Nigeria Customs Service, Area ll Command, Onne Port, Rivers State, has announced that it raked in a total of N13,106,025,050.24 as revenue for last month. The amount, which is the highest monthly revenue generated in the Onne Area II...

WACT Launches $15m Port Equipment       The West Africa Container Terminal has commissioned two new Mobile Harbor Cranes and two Reach Stackers to boost efficiency and cargo handling operation at the Onne Port, Rivers State. The two new Mobile Harbor Cranes and handling equipment acquired by WACT...

Telecom Operators Invested N471.9bn In 2019 - NCC       The capital investment of mobile network operators and other telecom service providers in 2019 stood at N471.91bn, growing by seven per cent; the latest report by the Nigerian Communications Commission has shown. The capital investment of operators increased...

‘18 Unviable Airports Account For N65bn Revenue Shortfall’       The Federal Airports Authority of Nigeria (FAAN), has blamed unviable airports scattered nationwide for its poor earnings and revenue shortfall over the years, now in excess of N65 billion. Management of FAAN, while appearing before the House of...