Koko Bello, MD, NPA The Nigerian Ports Authority has said that its annual revenue grew to N501bn in 2023 from N361bn in the prior year. The Managing Director of NPA, Mohammed Bello-Koko, in a statement on Thursday, attributed the revenue …
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Ahmad Salihijo President Bola Tinubu has indefinitely suspended the Managing Director/Chief Executive Officer of the Rural Electrification Agency, Ahmad Salihijo, alongside three executive directors of the agency, from office. This followed “new findings unearthed during a comprehensive investigation into the …
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Members of the Independent Petroleum Marketers Association of Nigeria have disclosed they are in talks with the Federal Government to commence the sale of compressed natural gas in their filling stations. The National Vice President of IPMAN, Hammed Fashola, in …
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A Power Transmission System Schneider Electric has stated that high tariff remains a barrier to electricity usage in rural communities across West Africa. The firm said it planned to proffer solutions to the adoption of electrification projects in rural West …
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Joint section of the Senate The House of Representatives has summoned the Ministers of Blue Economy Gboyega Oyetola and his transportation counterpart, Saidu Alkali over alleged fraudulent concession of some ports infrastructure. Also invited for questioning are the Managing Director, …
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Oil worker Several members of the Organisation of the Petroleum Exporting Countries and its allies, OPEC+, have announced a voluntary cut of 2.2 million barrels per day for the second quarter of 2024. OPEC, in a statement, said the aim …
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The Economic and Financial Crimes Commission, on Monday, indicted banks as being linked to about 70 per cent of the financial crimes in Nigeria. EFCC’s Chairman, Ola Olukayode, disclosed this while speaking in Abuja at the 2023 Annual Retreat and …
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Despite the widespread blackout and the worsening state of electricity supply in Nigeria, the latest figures on the daily load summary of power distribution companies indicate that the firms failed to distribute about 1,769.91 megawatts of electricity between February 1 …
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The Nigerian Navy has set ablaze four illegal oil refining sites in Rivers, Bayelsa and Ondo States between Saturday and Sunday. The Nigerian Navy, in a series of posts on its social media handles Monday said the clampdown on oil …
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The Senate has said it will quiz some officials of the Central Bank of Nigeria on how the N30tn Ways and Means loan was obtained and spent by the Federal Government during the Muhammadu Buhari-led administration. The Chairman of the …
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By Charity Ogbu Oba Olusegun Oyiri (JP), the Oloshoroko of Oshoroko Kingdom (3rd from left), The President of Women International Shipping and Trading Association (WISTA) Nigeria, Mrs Eunice Ezeoke while presenting the boat with an engine to women leader of …
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The Federal Government has paid $120m out of the $1.3bn indebtedness to gas companies for the supply of gas to run gas-fired power plants across the country. Nigeria is currently suffering from low power supply because many gas suppliers have …
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In a bid to make air travel more affordable for Nigerians, the Nigeria Civil Aviation Authority, Chris Najomo, has set up a 10-man committee to probe foreign airlines over skyrocketing fares. This was disclosed in a press statement released to …
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The Nigeria Insurance Corporation has said that it has reimbursed depositors of 179 rested microfinance and four mortgage banks across the country. The Managing Director of the NDIC, Dr Bello Hassan, stated this at the NDIC Special Day during the …
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Compt. Ben Oramalugo, Ph. D, CAC, Oyo/Osun Customs Command, displaying seized items to the media. The Nigeria Customs Service Area Controller, Oyo/Osun Area Command, Dr Ben Oramalugo, said the command intercepted fake pharmaceuticals comprising Augmentin tablets, Ampiclox and Amoxycillin capsules …
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CBN’ Governor, Dr Olayemi Cardoso The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that foreign exchange backlogs have been cleared in all the banks except for five of them. Cardoso said this on Thursday during an …
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Nneka Igbokwe is a woman with sparks of quiet intelligence. She is an Assistant Director with the Nigerian Maritime Administration and Safety Agency (NIMASA). Trained as a mass communicator, she was one of the Public Relations managers in the defunct JOMALIC …
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President Bola Tinubu At last, the Steve Orasanya report on right sizing and reducing the cost of governance is the nation’s civil service is to be implemented by President Bola Ahmed Tinubu, who is under pressure to revamp the economy. …
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What an irony of life? As opposition party member, President Bola Tinubu sponsored and partly sponsored all political rallies against the ruling party. His role as one of the NADECO leaders is not controvertible. He was frank as ever on his critique …
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Jaiyeoba, CAC The Apapa Command of Nigeria Customs Service on February 23, 2024, recorded another revenue collection milestone by generatingN16,021,660,412.00. This is an indication that the N5trillion 2024 fiscal year target for Nigeria Customs Service (NCS) is realizable especially with …
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