OPEC, UN harp on economic diversification of oil producers

  United Nations Framework Convention on Climate Change (UNFCCC) and Organisation of Petroleum the Exporting Countries…

$406.7m crude oil theft: Court fixes date for FG’s suit against Shell

A Federal High Court in Lagos on Thursday fixed Dec. 8 for the hearing of a…

CBN to guarantee Letters of Credit for importers

  In fulfilment of its pledge to fund forward sales under the new flexible foreign exchange…

NIPCo acquires major shares in Mobil Oil

Nipco Investment limited, a wholly-owned substitute diary of NIPCo Plc (both Nigerian companies) have acquired 60…

Amaechi says FG needs more time to negotiate railway deal with GE

The Federal Government needs more time to negotiate a railway concession project with the United States’…

Customs seizes cigarettes declared as millet at Lagos port

Four containers of cigarettes falsely declared as millet have been seized by the Apapa Area Command…

EFCC discharges first witness in Akpobolokemi’s N8.5bn fraud case 

The Economic and Financial Crimes Commission (EFCC) on Wednesday discharged its first witness, Teslim Ajuwon, in…

Police nabs fake Assistant Comptroller of Customs in Ogun

The Police in Ogun State has nabbed a self-professed Assistant Comptroller of the Nigerian Customs Service…

IMF says Nigeria still Africa’s biggest economy

Latest estimates by the International Monetary Fund, (IMF) has shown that Nigeria remains the biggest economy…

Ambode sacks Transport Commissioner, two others  

Exactly one year after constituting his Executive Council, the Lagos State Governor Akinwunmi Ambode on Wednesday…

Customs charges two to court for rice smuggling

The Federal Operations Unit, Zone ‘A’ of the Nigeria Customs Service has charged two suspected smugglers,…

Forex crisis: Emirates, Kenya Airways suspend Abuja operations indefinitely

Emirates Airlines will suspend Abuja-Dubai operations beginning October 30, 2016. The decision is due to foreign…