By Akinsuroju Olubunmi Troops bust oil theft ring, arrest 104 suspects. Oil theft ring busted, 104 suspects arrested The Defence Headquarters announced on Friday that troops in the South-South region had successfully dismantled an oil theft syndicate, recovering stolen crude oil and related products worth N2.6 billion. According to the Director of […]
By Akinsuroju Olubunmi Police uncover foreign collaborators in oil theft. Suspected Oil Thieves Implicate Foreign Collaborators – Police The Nigeria Police Force has revealed that 40 individuals apprehended for involvement in oil theft and economic sabotage in the Niger Delta have implicated companies and individuals, including foreign collaborators. The Force disclosed that two vessels […]
By Akinsuroju Olubunmi Customs denies wrongdoing in E-Auction process. The Nigeria Customs Service (NCS) has refuted allegations of misconduct in the e-auctioning of vehicles and seized goods, asserting its commitment to transparency and accountability. Responding to claims made by the National Association of Government Approved Freight Forwarders (NAGAFF) 100 per cent Compliance Team, the […]
By Akinsuroju Olubunmi FG attracts $30bn foreign investments in Eight months. The Federal Government has announced that it has successfully secured investment commitments totaling $30bn from foreign investors within the past eight months. Doris Anite, the Minister of Industry, Trade, and Investment, revealed this during a ministerial press briefing organized by the Ministry of Information […]
By Akinsuroju Olubunmi CBN adjusts price deviation limit for Import-Export. The Central Bank of Nigeria (CBN) has revised the allowable threshold for price deviations in imports and exports, setting it at +15% and -15% of the global average prices, respectively. Dr. Hassan Mahmud, Director of the Trade and Exchange Department, issued a circular to all […]
By Akinsuroju Olubunmi Dismissed airman caught supplying military camouflage to bandits The Police High Command has disclosed the circumstances surrounding the arrest of a former officer of the Nigerian Air Force who was caught supplying military camouflage and other gear to bandits in Zamfara State. The dismissed personnel, Ahmed Mohammed, who served at the Air […]
By Akinsuroju Olubunmi Tinubu administration absolved of Economic blame, Sanusi asserts. Addressing a recent virtual address at a religious event in Abuja, former Governor of the Central Bank of Nigeria, Mohammed Sanusi, debunked claims blaming the administration of President Bola Tinubu for the prevailing economic hardships in the country. Sanusi emphasized that it would be […]
Minister of Finance and Coordinating Minister for the Economy, Olawale Edun. Image:punchng.com World Bank and Nigeria will improve its bilateral relations—Edun. According to Mr. Wale Edun, the Coordinating Minister of the Economy and Minister of Finance, Nigeria and the World Bank are attempting to improve their mutually beneficial bilateral ties. When Edun welcomed Ms. […]
Image: W. Bulach Court orders Federal Government to fix price of Bicycles and its spare parts. On Wednesday, the Federal Government was given a seven-day deadline by the Federal High Court in Lagos to set the pricing of goods and petroleum products. Fairness Ambrose Lewis-Allagoa gave the government explicit instructions to set prices for […]
Map of Anambra State. Image:punchng.com Six pregnant girls are rescued as Anambra busts a baby factory. Six pregnant teens were freed from a “baby factory” in Umunya, Oyi Local Government Area, on Wednesday after the Anambra State Government and security personnel conducted an operation. Following the raid, Dr. Afam Obidike, the state commissioner for […]