How rising oil production may boost FG revenue target

Nigeria’s rig count has been growing since the last quarter of last year and crude oil production has also been on the rise on the back of aggressive exploration and improved security in the Niger Delta.  OPEOLUWANI AKINTAYO examines the impact these recent developments would have on the country’s economy Nigeria’s oil rig count has maintained an

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Marketers project six-month fuel scarcity

The supply hitches associated with the distribution of Premium Motor Spirit, popularly called petrol, may persist till June this year, oil marketers stated on Wednesday. Nigeria’s downstream oil sector has been grappling with cases of incessant petrol scarcity since last year. The sole importer of the commodity – Nigerian National Petroleum Company Limited, has repeatedly

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Yuletide: Soludo dismisses security threat, says Anambra safe

The Anambra State Governor, Prof. Chukwuma Soludo, has insisted that the state was safe for those returning home for the Yuletide season. This was as the governor dismissed a viral message circulating in the state, which had warned Christmas returnees to avoid certain roads claiming they had been taken over by criminals. Soludo assured the

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Why NBA’s letter was not debated – Benchers body

The Body of Benchers in Nigeria has frowned at the use of social media by the Nigerian Bar Association to circulate official sensitive documents of in-house communication among members of the body. The body, in a statement on Friday, cleared the air on why the letter by the NBA President, Yakubu Maikyau (SAN) requesting the

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Tight security as Abuja-Kaduna train station resumes operations

After eight months of suspension as a result of terrorists’ attack on the rail lines, Abuja-Kaduna train station finally begins operations today (Monday). Our correspondent in Abuja who was present at the train station as early as 7am to catch up with the resumption activities observed that there were armed police officers at the train

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Marketers protest N185/litre fuel, threaten strike

The Independent Petroleum Marketers Association of Nigeria, on Monday, threatened to withdraw its service over incessant increment on the price of the premium motor spirit in the Eastern part of the country. The marketers, in a statement, blamed private depots for the hike in price. According to them, they were buying from depots at N185

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FG losing revenue from VIN implementation – Agents

Clearing agents say the Federal Government is losing revenue from the implementation of its Vehicle Identification Number policy, writes Anozie Egole Clearing agents operating at the nation’s maritime sector have said that the Vehicle Identification Number introduced by the Nigeria Customs Service earlier this year has created revenue setbacks and loopholes for the government. The agents

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