NGHeadlines

Several filling stations in some communities in the Yewa area of Ogun State have been found to aid smuggling of petroleum products to the Republic of Benin.... ....[The Punch] »

The nation’s external reserves fell to $28.1bn on January 28, the lowest level since 2005, data from the Central Bank of Nigeria showed on Friday. The foreign exchange... ....[The Punch] »

The Anambra Government on Thursday sealed-off no fewer than 35 buildings in the industrial town of Nnewi over the refusal of the owners to pay property rate of over N150 million.The News Agency... ....[DailyPost] »

FIRE yesterday swept through some parts of Lagos, wreaking havoc in Ketu and Lawanson. Some sections of the Jakande Market in Ketu were destroyed by the fire. The MRS Filling Station... ....[The Nation] »

Disturbed by alleged incessant shut down of Base Transceiver Stations (BTS) sites, telecommunications operators have threatened to shut down their operations in six states. ... ....[The Guardian] »

The Senate, yesterday, resolved to commence fresh investigation into the sale of 10 National Integrated Power Projects (NIPP) by the Bureau of Public Enterprises (BPE). ... ...[New Telegraph] »

…rejects naira devaluation President Muhammadu Buhari has accused some banks and government officials of using surrogates to run the Bureaux de Change (BDCs).. ...[New Telegraph] »

The Nigerian Export Promotion Council plans to increase non-oil export earnings to $30bn in five years. The Executive Director/Chief Executive Officer of the NEPC, Mr. Segun... ....[The Punch] »

The Standards Organisation of Nigeria has granted manufacturers a 25 per cent reduction on all its administrative charges. The President, MAN, Dr. Frank Jacobs, stated this during the 2016... ....[The Punch] »

The Economic and Financial Crimes Commission, EFCC, on Wednesday, January 27, 2016 arraigned Chinyere Ekanem, a former Customs Officer and Asuka Ebiye before Justice Maryann E. Anenih... ....[NTA News] »

Comptroller-General of Customs, Hameed Ali, said that the Nigeria Customs Service has set one trillion naira as revenue target for itself in 2016. Ali announced this to newsmen on the sideline... ...[Ships & Ports] »

The Federal Government is targeting an additional N66.1 billion revenue in 2016 from an imposed stamp duty of N50 on bank customers for money received into their accounts. The Central Bank of Nigeria... ....[DailyPost] »

The Shippers’ Association Lagos State yesterday said 50 per cent of cargoes meant for Nigerian ports were being diverted to Cotonou port as a result of the Central Bank’s forex restriction... ...[New Telegraph] »

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] »