Truckers, Cargo Owners Lose Over N85bn Annually To Extortion Along Lagos Ports’ Corridors
NIGERIA’S Apapa and Tin Can Island port access roads are plagued by extortion, with truckers and cargo owners reportedly losing…
Nigeria draws $1.5bn as first tranche of $5bn Abu Dhabi Bank loan deal
Nigeria has accessed the first tranche of its $5 billion derivatives financing arrangement with First Abu Dhabi Bank (FAB), drawing…
Petrol Price: FG orders NMDPRA to end profiteering by oil marketers
The Federal Government has directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to ensure that petroleum marketers do…
Nigeria losing up to N5tr annually to logistics inefficiencies
NIGERIA incurs annual losses ranging from N3.5 trillion to N5 trillion due to logistics inefficiencies, as noted by a logistics…
World Cup: Why we lost to Canada — South Africa coach Broos
South Africa coach Hugo Broos has explained why Bafana Bafana were eliminated from the FIFA World Cup, saying his side…
Police bust ‘one-chance’ gang, arrest seven in Ogun
The Ogun State Police Command has arrested seven suspected criminals for offences ranging from armed robbery and “one-chance” robbery to…
Nigeria’s banking sector maximum lending rate drops to 34.78%
Following the marginal reduction of the Monetary Policy Rate (MPR) by the Central Bank of Nigeria (CBN), the banking sector…
Edo man fakes own kidnap, demands N4m from family
The Edo State Police Command has arrested two men for allegedly staging a fake kidnap in a bid to extort…
Stockbrokers target N5b fund to deepen capital market
The Chartered Institute of Stockbrokers (CIS) plans to raise about N5 billion in endowment fund to deepen professionalism in the…