The Nigeria Customs Service (NCS) has announced the seizure of 5,662 bags of suspected smuggled rice and 137 bales of second hand clothes both valued at N137 million. The National Coordinator, Headquarters of the NIS Strike Force Team, Abuja, Mr Abdullahi Kirawa, who made this known while briefing newsmen on Wednesday in Calabar said the seizure was made within Cross River and Akwa Ibom Area Commands of the Service.

OPEC Member Agree on Crude Oil Production

Crude oil production will be cut by 1.2 million barrels per day from January 2019 for an initial period of six months. The Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC oil producers made the agreement in Austria’s Vienna.

President Muhammad Buhari Presents 2019 Appropriation Bill Of N8.83 Trillion In A Rowdy Session

On 19^th December 2019 between 1240 to 1335hours at a Joint seating comprising both Senate and House of Representative Member, President Muhammadu Buhari presented the 2019 Appropriation Bill of N8.83 trillion.

Ja'iz Bank And CBN Partner Together

In an attempt to strengthen the economic diversity of Nigeria, Jaiz Bank Plc is partnering with the Central bank of Nigeria (CBN), to promote financial inclusion, especially in rural communities.

Afreximbank To Promote Nigeria’s Intra-African Trade

The African Export-Import Bank (Afreximbank) has inaugurated a one Billion Dollars Nigeria-Africa Trade and Investment Promotion Programme (NATIPP) to promote and expand trade and investments between Nigeria and the rest of African country.

Unemployment: FG To Disburse N25bn On Agribusiness

As part of fulfilling its campaign promises of the Buhari lead administration on unemployment, Poverty, Hunger and youth restiveness in the country, the federal government has finalized plan to disburse N25billion to Nigerians through The National Directorate of Employment (NDE) and the Central bank of Nigeria (CBN) agribusiness loans scheme.

Doyin Okupe, former Senior Special Assistant on Public Affairs to former President Goodluck Jonathan, was on Wednesday released by officials of Economic and Financial Crimes Commission (EFCC). The former presidential aide was arrested on Monday by the EFCC over allegations of hate speech and cyber stalking.

N7BN Spent To Beef Up Security In Unity Schools - FG

The Minister of Education, Mallam Adamu Adamu said over N7 Billion was spent by the Federal Government to boost the security for 108 unity schools between 2017 and 2018. Adamu made the assertion yesterday in Abuja, while addressing the media on policies, programmes and other Government activities in the education sector.

The leadership of Nigeria Labour Congress (NLC) on Monday said it was liaising with the Trade Union Congress (TUC) to place the names of state governors owing salary and pension arrears in watch list for them to be publicly disgraced at the airports.

Oil Plunges Nearly 8 Percent Despite Talk Of Output Cut

BOSTON Reuters reported that Oil prices slumped up to nearly 8 percent to the lowest in more than a year on Friday, posting the seventh consecutive weekly loss, amid intensifying fears of a supply glut even as major producers consider cutting output. Oil supply, led by U.S. producers, is growing faster than demand and to prevent a build-up of unused fuel such as the one that emerged in 2015, the Organization of the Petroleum Exporting Countries is expected to start trimming output after a meeting on Dec. 6.