Customs releases impounded trucks after CGC’s intervention at bonded terminal
By Godwin Oritse The Nigeria Customs Service (NCS) has released 36 trucks belonging to members of the Association of Maritime Truck Owners (AMATO) that were impounded during an investigation into alleged trade infractions at Zarmmak Bonded Terminal in the Amuwo Odofin area of Lagos. The trucks were detained by Customs Police attached to the Zone ‘A’ […]
Gazprom to end gas flaring in Nigeria
THE coming of the world ‘s gas giant Gazprom to Africa’s biggest oil producer Nigeria would put an end to gas flaring, Alexander Polyakov, the Russian ambassador to Nigeria, said on Tuesday.
RDAS: Forex demand shot up by 100 per cent
*As Naira gains N5 in parallel market By Babajide Komolafe Foreign exchange demand at the official   market rose sharply by 100 per cent as the naira appreciated by N4 at the parallel market.
Share value plunges, investors lose N706bn
Investors’ woes were heightened last week, as the value of their investments on the Nigerian Stock Exchange (NSE) dipped by N706.21 billion.
PENGASSAN faults Government contract to foreign firm
Mr Aniekan Akpan, PENGASSAN Abuja Branch Chairman, has faulted the contracting of 21 crude oil terminals for pre-shipment inspection to a foreign firm by the Federal Government.In an interview with the News Agency of Nigeria (NAN) in Abuja on Friday, Akpan stated that it was a drain on the economy. Akpan added that the action was a waste of government resources in theface of scarce resources.
LG opens showroom, launches new product
In a renewed determination to ensure a stronger hold on the electronics market, Live is Good (LG) Electronics has opened a new showroom in Ikoyi, Lagos, even as it launches new product.
