NGHeadlines

Th e H o u s e o f representatives said on Monday that the current Minister of Petroleum Resources would be invited to answer questions on the controversial Refined Product Exchange... ....[The Punch] »

As oil prices continue on the downward slide, Nigerian oil firms may be producing at up to $5/barrel loss, as average production costs for independent and marginal field producers... ...[Vanguard News] »

Despite the drop in import volumes and heightening activities of smugglers across the country’s porous borders, the Nigeria Customs Service (NCS), generated N904 billion in 2015... ...[BusinessDay] »

The Nigerian National Petroleum Corporation (NNPC) has revealed that it lost N255 billion at the close of business in 2015. The corporation, in the January 2016 edition of its Energy... ...[New Telegraph] »

ABUJA — The Federal Government, weekend, hiked the price of Household Kerosene (HHK) to N83 per litre from N50 per litre, thereby, officially ending subsidy on the product. ... ...[Vanguard News] »

Donors blame high port charges Ministry unaware of waiver application Only Customs can authorise release of goods—Terminal Operators The last may not have been heard of the relief materials... ...[New Telegraph] »

Bank customers are now unable to withdraw dollars from their domiciliary accounts amid worsened scarcity of the currency in the financial... ....[The Punch] »

There are indications that Bureau De Change operators in Nigeria have been importing dollars from neighbouring Ghana, Benin Republic and others to make up... ....[The Punch] »

The Central Bank of Nigeria on Friday said it would refund the N35m paid by licensed Bureau De Change operators across the country as mandatory caution deposit. ... ....[The Punch] »

CRISIS is brewing at the Nigerian Customs Service, NCS, following management’s decision to clampdown on officers from the ranks of Assistant Comptroller of Customs to the lowest cadre... ...[Vanguard News] »

Owners of private schools in Lagos on Thursday said they have been frustrated by multiple taxation in the state. The proprietors, under the aegis of National Association... ....[P.M. News] »

The Economic and Financial Crimes Commission (EFCC) is considering the use of extradition to bring home the immediate past comptroller-general of Customs, Dikko Abdullahi, from Dubai... ...[Ships & Ports] »

Twenty nine ships laden with petroleum products, food items and other goods are expected to arrive Apapa and Tin-Can Island Ports in Lagos from Jan. 21 to Feb. 5. The Nigerian Ports Authority (NPA)... ....[DailyPost] »

ABUJA—Two of the world’s richest men, Bill Gates and Aliko Dangote, have committed $100 million, about N1.97 billion, to fighting malnutrition in Nigeria. The post Dangote, Gates commit... ...[Vanguard News] »

For the first time since 2003, the price of Brent crude, the world’s benchmark oil yesterday sold below $28 a barrel, America’s crude grade – West Texas Intermediate (WTI)... ....[The Nation] »

House begins debate on appropriation bill The Senate yesterday commenced debate on the general principles of the N6.08 trillion 2016 Appropriation Bill, with majority of its members calling... ...[New Telegraph] »

NNPC grounds Port Harcourt, Kaduna refineries Reps summon ex-NNPC GMDs, others over oil swap Two oil giants, Chevron and Royal Dutch Shell, have unveiled plans to top the sack of employees... ...[New Telegraph] »

Ado Ekiti Farm owners in Aso-Ayegunle in Ado Ekiti on Wednesday staged a protest against the 4,000 hectares of land earmarked for the building of the proposed... ....[The Punch] »