Some stakeholders in the Oil and Gas industry have said that the action of the Central Bank of Nigeria (CBN) will affect the ability of the sector to source its development funds. Some of the stakeholders told newsmen in Lagos on Tuesday that oil and gas firms might no longer be able to source funds for their upstream and downstream projects.

The federal government has released N22.4 million to undertake air quality studies in six cities in Nigeria.Mr Ahmed Alfa, Deputy Director, Pollution Control, Federal Ministry of Environment, made the disclosure in Abuja on Tuesday .

The Lagos State Inland Revenue Service (LIRS) on Tuesday sealed off four companies in the state for allegedly owing the state government about N173.8 million in tax liabilities.

UNIDO, and French Global Environment Facility are to help Nigeria , Egypt, Cameroon, Egypt, Namibia, Senegal and Sudan to replace chillers. Chillers are refrigeration systems that produce chilled water for cooling air in commercial, residential and industrial processes. UNIDO is the main implementing agency of the project worth EUR 5.3 million.

The President, Chartered Institute of Taxation of Nigeria (CITN), Mr Kunle Quadri, says the three tiers of government should be involved in tax enlightenment campaign. Quadri, who made the call during an interview with the News Agency of Nigeria (NAN) in Lagos on Tuesday, said that such periodical tax education would enable tax payers to pay their taxes voluntarily.He said that such enlightenment would also help to improve the system of tax collection in the country.

CONTRACTORS to the National Independent Power Project (NIPP) have accused some foreign shipping firms and the Nigeria Customs Service of deliberately frustrating the timely clearance of containers carrying equipment for the power project.

In a bid to update the nation’s ship register the management of the Nigerian Maritime Administration and Safety Agency (NIMASA) has de_registered about 355 vessels owned by local operators, even as the indigenous operators have kicked against the action of the apex maritime regulatory agency.Vanguard gathered that the vessels were de-registered from the country’s Ship Register due to expired and invalid documents.

THE Western zone of the Association of Nigerian Licensed Customs Agents (ANLCA) has given Henry Njoku led Board of Trustee one week ultimatum to meet with them on the issue of the election in the zone or face the consequences of whatever action leadership of zone takes.

As part of efforts to achieve its aim of moving the Nigeria Customs Service (NCS) forward, the new Comptroller-General of Customs, Dikko Inde Abdullahi MFR, has appointment new management team to work with him. The new management team which comprises of five Deputy Comptroller General (DCG) and 13 Assistant Comptroller Generals (ACG’s).

COLONEL Abubakar Dangiwa Umar has decried the recent appointment of Alhaji Dikko Abdulahi as head of the Nigeria Customs Service saying that “the ascendancy of Abdullahi to the Customs top past smacks of sheer favouritism and devoid of any merit”.

APT Securities and Funds Ltd, has counter-claimed against Ariel Investment Management Ltd, Aims Achievers Consulting Ltd and Wema Bank Plc, over the suits against, it in respect of the Food Concepts and Entertainment Ltd shares it instructed the two firms to purchase for it.

Driven by investors renewed interest market, the value of listed equities appreciated, Tuesday, by N120.13 billion.The market capitalisation which opened at N5.15 trillion rose by 2.3 per cent to close at N5.27 trillion. Also the All-share index rose by 2.3 per cent or 524.06 basis points to close at 22,984.14 points from 22,460.08.Oando Plc recorded the highest share price gain, rising by N4.49 to close at N98.99 per share from N94.50 per share at which it opened, followed by Conoil Plc gaining N2.46 to close at N51.81 per share and Benue Cement Company Plc which appreciated by N1.64 to close at N34.56 per share.