Ships & Ports

Annual inflation rate in developed countries highest since 2014 

Nigeria’s inflation rate hits 18.72% in January – NBS

  The National Bureau of Statistics (NBS) says the Consumer Price Index, which measures inflation, increased by 18.72 per cent (year-on-year) in January from 18.55...

NSCDC destroys 10 illegal refineries in Rivers, arrests two vandals

The Commandant Nigeria Security and Civil Defence Corps (NSCDC), Rivers Command,  Lawal Haruna, says its personnel arrested two persons for allegedly vandalising an oil...

Nigerian-Navy

Navy, marine police intensify search for kidnappers in Lagos

Naval operatives from NNS BEECROFT as well as policemen from the Marine unit are presently combing the creeks in Epe and Ikorodu in search for suspected kidnappers of...

China President, Xi Jinping - 1st story

China warns US gainst fresh naval patrols in South China Sea

China’s Foreign Ministry on Wednesday warned Washington against challenging its sovereignty, responding to reports the United States was planning fresh naval patrols...

Train crushes 52 cows to death in Kaduna

Train named Oba of Benin moving 800 tones of soya beans to Lagos for export

The Nigerian Incentive Based Risk Sharing for Agricultural Lending (NIRSAL) and Connect Rail Services have inaugurated a new scheme to transport grains by rail from the...

shell

Shell to reduce cost, improve production in Nigeria

Shell Petroleum Development Company of Nigeria Limited (SPDC) has reiterated plans to continue to reduce cost of operation and improve production availability in...

Minister of State for Petroleum, Dr Ibe Kachikwu

Militancy deprived Nigeria of $100bn in 2016 –Kachikwu

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said the country lost as much as $100bn in revenue last year as attacks by militants in the oil-rich...

Accountant-General-of-the-Federation-Ahmed-Idris

FG closes 20,000 bank accounts, moves N5.2tn into TSA

Since the commencement of the Treasury Single Account (TSA) in September 2015, over 20,000 accounts with Deposit Money Banks belonging to Ministries, Departments and...

Textile companies in Nigeria have decried the increase in cost of raw materials, saying it, has affected the level of production.

Nigerian economy moving out of recession – FG

The Presidency on Tuesday said the nation’s economy which is currently in recession was currently on course for recovery and growth. This was contained in the 23rd...

Wharf-Apapa-road

FG awards N1.3bn contract for roads rehabilitation in Kano, Katsina states

The Federal Government has awarded contract worth over N1.3 billion for the rehabilitation of some roads in Kano and Katsina states. The Zonal Director of the Federal...

Cassava

FG to link farmers, processors to ready export market for cassava chips

  The Federal Government says it will assist cassava farmers and processors to create linkage markets to guarantee export and sale of cassava chips at the...

Osinbajo expects economy to pick up after sluggish Q2

Nigeria must offer work to illegal refiners to reach peace -Osinbajo

Nigeria needs to offer work for illegal refiners in the Niger Delta to help achieve peace there, Acting President Yemi Osinbajo said on Tuesday. “Our approach to...

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