The Nigeria Customs Service Ogun I Area Command has reported N28.4 million as revenue generated through import duties, auction sales of scrap vehicles and petroleum products. The Command’s Area Controller, Comptroller Bamidele Makinde, who made this disclosure explained that genuine imported goods were assessed and processed under the Economic Community of West African States (ECOWAS) […]
Shell Petroleum Development Company of Nigeria Limited (SPDC), has announced the lifting of the force majeure on its 250,000 barrels per day (b/pd) Bonny export terminal effective from Wednesday, 15 March, 2023. One of the company’s spokespersons, who gave this hint said: “The Shell Petroleum Development Company of Nigeria Limited (SPDC), operator of the SPDC […]
The Minister of Communications and Digital Economy, Prof. Isa Pantami, on Tuesday reported that over 6.9 million hacking attempts by cybercriminals were recorded in public websites during the Presidential and National Assembly elections conducted on February 25 nationwide. Noting that the hacking attempts during the day is a huge surge from the daily attempts of […]
Flutterwave, one of the fast-growing digital payments startups in Africa, has denied reports of a hack on its platform which allegedly indicated that its customers lost about N2.9 billion to the incident. The company, it a statement on Sunday, maintained that its platform was not hacked as alleged by some news report but that it […]
The National Institute of Security Studies (NISS) has solicited the cooperation of the Nigerian Communications Commission (NCC) in the deployment of Information and Communications Technology (ICT) tools and solutions for improved national security. Speaking during a visit to the Executive Vice Chairman of the Commission, Prof. Umar Danbatta, in Abuja, the Institute’s Director, Research Estimates […]
The Centre for the Promotion of Private Enterprise (CPPE) had described the Supreme Court ruling on the use of the old currency Naira notes as legal tender as commendable and expressed the hope that President Muhammadu Buhari, the Central Bank Governor and the Attorney General of the Federation would comply with the court order in […]
The Federal Operations Unit Zone ‘B’ Kaduna has reported that it recorded 130 seizures of different contraband items at various locations in the Zone with total Duty Paid Value (DPV) of N305.71 million from January to February this year The Zonal Public Relations Officer, Superintendent of Customs (SC), I. Sulaiman, listed the seized items as […]
.…..Nullifies CBN’s Naira redesign policy The Supreme Court on Friday ruled that Nigerians can continue to spend their old N200, N500 and N1,000 notes until 31 December, 2023. With the ruling, the apex court has invalidated the subsisting President Muhammadu Buhari’s pronouncements and the Central Bank of Nigeria’s (CBN’s) directives on the cash swap […]
The Minister of Communications and Digital Economy, Prof. Ali Ibrahim Pantami, on Thursday inaugurated a Committee led by the Chairman of the Nigerian Communications Commission (NCC), Prof. Adeolu Akande, to advise government on appropriate measures to take in protection of the nation’s cyberspace and ICT infrastructure from potential attacks, especially during the 2023 elections. The […]
The Group Chief Executive Officer of Nigerian National Petroleum Company Limited (NNPCL), Mallam Mele Kyari, has projected that Nigeria’s crude oil production output would soon hit the 1.8 million barrels per day (mb/d), quota set by the Organisation of Petroleum Exporting Countries (OPEC) for the country. Kyari made this forecast at a conference chaired by […]