NERC to penalize DISCOs over electricity allocation rejection
The Nigerian Electricity Regulatory Commission (NERC) has issued an order imposing financial penalties on any electricity distribution company (DISCO) that…
Buhari tasks new NNPC GMD to clean up, reposition the corporation
President Muhammadu Buhari has handed the newly appointed Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) a six…
Customs seizes N28 million smuggled frozen poultry
The Nigeria Customs Service (NSC) has made seizures worth N28, 660,717 in the third week of its fight against smuggling…
China increases oil imports from Angola
China is significantly increasing imports of crude oil from Angola, its second largest supplier of this raw material, rather than…
FRSC to train trailer, tanker drivers
In a bid to end incessant fatal road crashes involving petrol tankers and trailers, the Federal Road Safety Corps (FRSC)…
UK to jail illegal migrants’ landlords
Britain has announced new measures to tackle illegal migrants by forcing landlords to evict them, as a growing number of…
Group drags Customs CG before ICPC
A pressure group has dragged the leadership of Nigeria Customs Service (NCS) before the Independent Corrupt Practices and Other Related…
CBN defends naira with $4.9bn
The efforts by the Central Bank of Nigeria to stabilise the naira at the interbank market depleted the nation’s external…
Buhari appoints new GMD for NNPC as NCC gets new boss
President Muhammadu Buhari has appointed Dr. Emmanuel Ibe Kachikwu as the new Group Managing Director of the Nigerian National Petroleum…
African stock market indices down in July, says S&P
For most African stock markets, July was a gloomy month as most market indices trended downwards according to a report…