Business

From 2020 to date, the Federal Government of Nigeria has spent over $1.5 billion to safeguard the country’s oil installations and combat crude oil theft. This was revealed by the Secretary to the Government of the Federation (SGF), George Akume, at a House of Representatives public hearing on crude oil …

The President of the Africa Development Bank (AfDB), Dr. Akinwumi Adesina, has come out in strong support of the Dangote Refinery, stating that the current issues surrounding the project are creating a negative perception of Nigeria globally. Dr. Adesina described the accusations of monopoly against Aliko Dangote, the promoter of …

By Funmi Ojo The Central Bank of Nigeria (CBN) has announced plans to take control of funds in dormant accounts, assets, and unclaimed balances held in banks and other financial institutions across the country. According to a revised guideline released by the apex bank, these funds will be transferred to …

The House of Representatives has called on the Nigeria Customs Service to deploy modern technology to secure the nation’s borders with neighbouring countries. The call followed the adoption of a motion sponsored by Representative Obiageli Orogbu (Anambra State) on the need to employ modern technology to secure the nation’s borders. …