BY GODWIN OBICustoms Federal Operations Unit (FOU) Zone A in Ikeja, Lagos, has announced an interception of rice and other prohibited cargo valued at N854.2mn for January 2024. Controller of the Zone, Hussain Ejibunu, said that the zone made 60 seizures including foreign parboiled rice, (equivalent to 6.5 trailer loads),Continue Reading

BY GODWIN OBI Latest data from the Nigerian National Petroleum Company (NNPC) Limited showed that no fewer than 36 oil blocks are under concession to international oil companies operating in Nigeria and their indigenous counterparts in the country. An analysis of NNPCL’s latest Consolidated and Separate Financial Statements for theContinue Reading

BY EFE MODESTUS Minister of Steel Development Prince Abubaker Audu has lamented that Nigeria spend not less than four billion dollars annually for steel importation. The minister made this know at an interactive session with journalists covering the beat in Abuja, yesterday. Prince Audu stressed that Nigeria have more thanContinue Reading

BY GODWIN OBI The Comptroller General Customs Service, Bashir Adewale Adeniyi has blamed cash crunch, naira redesign and the general elections for the failure of the Nigeria Customs Service (NCS) to meet its 2023 revenue target of N3.669 trillion. Speaking during an interactive session with the House of Representatives CommitteeContinue Reading