Shippers endorse CBN’s ban on forex to rice importers
Shippers’ Association Lagos State has thrown its weight behind the Federal Government’s ban on sales of foreign exchange to importers…
Smuggler sets Customs officer ablaze with petrol bomb
An officer of the Nigeria Customs Service (NCS), Seme Customs Command, Mr Olonitola G.M, was on Tuesday attacked with a…
FRSC set to enforce safety standards on petroleum tankers
The Federal Road Safety Commission (FRSC) says it will partner with the Petroleum Equalisation Fund (PEF) to ensure petroleum tankers…
APM Terminals invests N80 billion on yard expansion
The Country Manager, APM Terminals Nigeria, Mr David Skov, said the company had invested not less than $350 million (N80.5…
World Bank gives kudos to NDIC
The World Bank has commended the Nigeria Deposit Insurance Corporation for its Target Fund Ratio Framework which enables the corporation…
Cash-strapped states seek funds from capital market
There are indications that cash-strapped state governments would be trooping to the capital market to source long term funds. This…
FG to pay N159bn subsidy debt to marketers
The controversy over the payment of arrears owed fuel importers is not yet over. Although the Federal Government has agreed…
Flour Mills introduces new products
Flour Mills of Nigeria Plc, Nigeria’s most capitalised and largest flour-milling company has introduced three new products into the Nigerian…
Nigeria’s Foreign Reserves rises to $31.89 billion
Nigeria’s foreign exchange reserves has risen sharply to $31.89 billion from its previous balance of $29.1 billion. The Governor of…
Nigeria tops list of illicit cash outflow
Nigeria is the number one country in Africa with the highest outflow of stolen money. This revelation was made by…