Between January and July 2024, Nigeria lost an average of 437,000 barrels of crude oil daily, worth about $10bn due to theft, vandalism, and other criminal activities, the House of Representatives declared on Thursday. As a result, the House …

Financial analysts have expressed concerns over the recent trend of high foreign liquidation in the Nigerian Exchange with N311.41bn worth of investments withdrawn in the first half of this year. This has sparked fears of naira devaluation and its potential …

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has announced that the Federal Government’s revenue for the first half of 2024 has exceeded its budgetary targets. Edun, who announced this at a press briefing in Abuja …

  The Seaport Terminal Operators Association of Nigeria has said that the new Managing Director of the Nigerian Ports Authority, Dr Abubakar Dantsoho, has all it takes to reposition the agency for improved efficiency and increased revenue generation. The group …

  The Federal Government, on Wednesday, warned International Oil Companies operating in Nigeria to desist from disregarding gas flare directives of various regulatory agencies in Nigeria. It stated that though a few IOCs often complied with these directives, most of …

  Midoil Refining and Petrochemicals Company Limited has finally performed the turning of sod ceremony, marking the commencement of construction activities in Lagos. The turning of the sod took place at Shekungba, Ikosi/Ejinrin Local Council Development Area of Lagos State …

  The Minister of Aviation and Aerospace Development, Festus Keyamo, has advocated for a direct flight from Nigeria to Canada, following the increasing number of Nigerians who reside in Canada. This was disclosed in a press release signed by the …

The Nigeria Customs Service, Murtala Muhammad Area Command, has disclosed that it generated N80.3bn between January and June 2024. This was made known at a press briefing by the command’s Comptroller, Michael Awe, at the Murtala Muhammad Airport Area Command …

Residents will pay less for transportation when President Bola Tinubu’s compressed natural gas initiatives fully take effect, according to the Lagos State Government. The Special Adviser to the Lagos State Governor on Transportation, Sola Giwa, said this during a park-to-park …

The electricity distribution companies in Nigeria generated revenue of N291.62bn in the first quarter of 2024 amid the blackout in parts of the country. This was even as the nation lost 673 megawatts of power generation capacity due to gas …

  The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that monies in dormant accounts in banks are susceptible to fraud. He said this on Tuesday at the end of the 296th meeting of the Monetary Policy …

  The newly appointed Managing Director of Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, has identified the speedy rehabilitation of dilapidated port infrastructure across the nation as his topmost priority. Dantsoho, who was speaking during an unscheduled visit to Tin …

  The new managing director of the Nigerian Ports Authority (NPA), Abubakar Dantsoho, on Monday, resumed duty and said his main goal as the head of the authority is to reposition the organization for increased productivity and greater efficiency for …

The marginal rise in crude oil production in June 2024 increased Nigeria’s earnings from crude oil sales by about N91bn in the same month. Latest oil production data obtained from the Nigerian Upstream Petroleum Regulatory Commission, an agency of the …

The worth of illegal arms, ammunition, military wear, and hard drugs imported into Nigeria and confiscated by the Federal Government from the last week of January this year to the third week of July 2024 is N26.4bn, findings by media …

  The President of Dangote Group, Aliko Dangote, has made an offer to sell the Dangote Refinery to the Nigerian National Petroleum Corporation Limited. Speaking in an exclusive interview with Premium Times on Sunday, the businessman expressed his willingness to …

  The Management of Dangote Industries Limited has insisted that the international oil companies are still frustrating crude supply to its 650,000-capacity refinery. The management said this even as it commended the Nigerian Upstream Petroleum Regulatory Commission for its various …

The Tax Appeal Tribunal has ordered Nigeria Liquefied Natural Gas Limited to pay the Federal Inland Revenue Service the sum of $27.5m as a full and final settlement of the revised Companies Income Tax for the 2016 assessment year. According …

Following the lifting of the visa ban on Nigeria, the United Arab Emirates Government has increased its visa fee by over 300 per cent, which has been condemned by air travellers in the country. Expressing anger over the development, a …

Operatives of the Nigerian Navy Ship Beecroft have arrested eight suspected stowaways during their attempt to board two-speed boats. Unknown to the suspects, the patrol team of NNS Beecroft had sighted them during a patrol conducted on July 13, 2024. …