Blog
Page: 2
The Economic and Financial Crimes Commission (c) has secured the forfeiture of more than 500 million dollars in cash and assets to the Federal Government over the past three years, Chairman Ola Olukoyede has said. Speaking at the Cambridge International Symposium on Economic Crime in the United Kingdom, Olukoyede attributed the recoveries to Nigeria’s non-conviction-based […]
Lagos State has blamed electricity regulators for failing to meter all consumers, despite existing laws requiring it. Energy Commissioner Biodun Ogunleye said the state has provided the necessary policies and legal framework, placing the responsibility for enforcement on federal and state regulators. He urged residents to reject energy theft, obtain meters, and manage consumption while […]
President Bola Tinubu has directed Nigeria LNG (NLNG) to maximise the economic value of the country’s gas reserves instead of allowing them to be wasted through flaring. Speaking at the State House on Wednesday while receiving the NLNG Board, led by Managing Director Adeleye Falade, Tinubu stressed the need for greater domestic utilisation of gas. […]
The Foreign Trade Chamber of Bosnia and Herzegovina will host the fourth International Logistics Conference from 19th to 20th November 2026 in Sarajevo. The event aims to bring together logistics experts, freight forwarders, transporters, company representatives, institutions and academics. VTK President Zdravko Marinković highlighted logistics as key to economic competitiveness and regional and global market […]
Nigeria’s petrol imports increased in July 2026 after domestic refining dropped sharply. Total petrol supply fell 10% to 45.5 million litres a day, with local production down 21% to 25.8 million litres daily while imports rose 9% to 19.7 million litres. The Dangote refinery still dominated, operating above 71% capacity and supplying about 25.9 million […]
President Bola Tinubu has flagged off the reconstruction and dualisation of the 58-kilometre Ibadan–Ijebu-Ode Road linking Oyo and Ogun states, and approved the immediate dualisation of the 70-kilometre Abeokuta–Ibadan Road. Represented by Ogun State Governor Dapo Abiodun at a ceremony in Ibadan, Tinubu described the Ibadan–Ijebu-Ode corridor as a key economic artery connecting to the […]
The United States and Nigeria plan to use the 32nd Nigerian Economic Summit in October to address trade barriers, customs delays, and other obstacles limiting investment, US Chargé d’Affaires Keith Heffern said Monday. Speaking at a Freedom 250 reception hosted by the US Embassy in Abuja with the American Business Council, Heffern described the economic […]
The Canadian dollar fell Monday after the United States imposed 50% tariffs on about 20 billion dollars of Canadian imports, including dairy, wine, wood products and ceramics, following the breakdown of trade negotiations. Prime Minister Mark Carney said Washington “asked too much” and vowed “dollar-for-dollar” retaliation starting September 8th on steel, dairy, agricultural equipment, paper […]
The Federal Airports Authority of Nigeria (FAAN) has ordered the immediate removal of a transport company accused of illegally clamping vehicles and charging motorists 25,000 naira penalties at Nnamdi Azikiwe International Airport, Abuja. The action follows a public complaint by a lawyer identified as Ogundele. He alleged that enforcement staff clamped cars for brief stops […]
The National Information Technology Development Agency has called on the Central Bank of Nigeria to broaden its supervision beyond banks to include risks from cloud providers, telecom networks, fintechs and other technology partners. Speaking at the 15th Retreat of the CBN Committee of Departmental Directors in Lagos, NITDA Director-General Kashifu Inuwa said traditional regulation is […]
