FG increases gas flare penalty from N10 to N613

The Federal Government has increased the gas flare penalty from N10 per thousand standard cubic feet of gas to $2 or N612.8 (at the...

Strike: Labour shuts down agencies at Lagos airport

The organised labour on Thursday shut down offices of aviation agencies at the Murtala Muhammed International Airport, Ikeja, Lagos to press home their demands...

Swiss ship attacked by pirates off Nigerian coast

(CNN)A dozen crew members on a Swiss cargo ship have been taken hostage after the vessel was attacked by pirates off the coast...

NAFDAC Raids Warehouse Stacked With Tramadol, Other Drugs

The National Agency for Food and Drug, Administration and Control (NAFDAC), raided a warehouse in Lagos State, where banned and controlled pharmaceutical products were...

Brent oil jumps to four-year high near $81

Brent oil soared Monday close to $81, reaching the highest level since November 2014 after OPEC and other global producers snubbed pressure from US...

Mandatory use of national ID numbers begins January 2019

The enforcement of the mandatory use of National Identification Number, NIN, by all Nigerians might come into full implementation from January 1, 2019. The digital...

FG suspends Nigeria Air indefinitely

The Minister of State for Aviation, Hadi Sirika, on Wednesday, announced the suspension of the planned national carrier, Nigeria Air. On his Twitter handle, @hadisirika,...

Trump imposes $200bn of new import tariffs on China as trade...

Donald Trump has intensified his trade war with China by imposing new import tariffs of $200bn on Chinese goods arriving in the US from...

CBN goes tough on Nigerian banks, announces fines for failed transaction...

The Central Bank of Nigeria has said that any failed Nigerian Instant Payment (NIP) transaction not reversed into the customer’s account within 24 hours...

Flood hits Bayelsa communities, settlements, renders many homeless

Some coastal communities in Sagbama Local Government Area of Bayelsa State have been flooded, with many residents rendered homeless. Daniel Iworiso-Markson, Commissioner for Information in...