Folawiyo Energy Ltd and MRS Oil and Gas Limited are among the top premium motor spirit, PMS or petrol storage tanks operators in the country.

Power Holding Company of Nigeria, PHCN, has raised an alarm that vandals of electricity installations are threatening the efforts of the utility company to stabilise electricity supply in the country.

Commercial banks operating in Lagos State have commenced the implementation of approved processing charges on cash withdrawal limits on individuals and corporate organisations in line with the directive by the Central Bank of Nigeria (CBN), which fixed April 1, 2012 as the takeoff date.

Comptroller Dan Ugo is the new Customs Area Controller (CAC), Federal Operations Unit (FOU) Zone A, of Nigeria Customs Service (NCS). Before his deployment to FOU, known to be the Customs busiest anti-smuggling network covering the entire South West of Nigeria, Ugo worked as CAC of the nation’s premier Port Command of Apapa, MMIA, Onne port and served in various capacities in the service with about 30 years experience. He speaks on the unit’s 306 seizures in two months, the arrest of 51 suspects and the action plan to make FOU more active.

One of the policies and strategies employed by developing economies to grow their industrial base is import substitution. Import substitution industrialisation strategy (ISI) involves producing locally, goods that were formerly imported.