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Customs Seizes N39.4M Worth of Smuggled Petrol in Operation Whirlwind
The BusinessNG
|The Business NG
The Nigeria Customs Service's Operation Whirlwind has intercepted 1,577 jerrycans of premium motor spirit (PMS), totaling 39,425 liters valued at N39.4 million, destined for smuggling into Benin Republic.
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The seizures took place across key points in Lagos and Ogun States, including Ilaro, Imeko, Badagry, Owode, and Ajilete.
هذه القصة من طبعة The BusinessNG من The Business NG.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من The Business NG
The Business NG
Banks Lose N2.5tn Yearly as CBN Defends Tough Cash Reserve Policy
Nigerian banks may be losing as much as N2.5 trillion annually due to the stringent Cash Reserve Ratio (CRR) policy of the, according to a new report by investment banking and research firm Chapel Hill Denham.
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2027 Elections: Political Parties Begin Fierce Struggle for Tickets
Nigeria's political landscape is heating up early as major political parties intensify internal processes ahead of the 2027 general elections, with aspirants across the country battling for nomination tickets in what is shaping up to be a highly competitive season.
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Nigerians Demand Interest Rate Cut Ahead of CBN MPC Meeting -Survey
As the Central Bank of Nigeria prepares for its Monetary Policy Committee (MPC) meeting scheduled for May 19 and 20, 2026, a new survey conducted by the apex bank has revealed that many Nigerians are calling for a reduction in interest rates amid worsening economic hardship and rising cost of living.
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Nigeria to Spend Nearly Half of 2026 Revenue on Debt Servicing
Nigeria's growing debt burden has come sharply into focus after President Bola Ahmed Tinubu revealed that the country will spend approximately $11.6 billion servicing debt obligations in 2026 —a figure estimated to consume nearly half of projected government revenue.
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Dangote Refinery Supplies 79% of Nigeria's Petrol as Fuel Imports Drop 37%
Dangote Petroleum Refinery strengthened its dominance in Nigeria's fuel market in April 2026 after accounting for about 79 percent of the country's petrol supply, according to new data released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority.
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Nigeria Records 1.70 Million HIV Patients on Treatment as Benue Tops National Burden
Nigeria currently has 1.70 million people on antiretroviral treatment for HIV nationwide as of May 13, 2026, according to data from the National Data Repository compiled by TheCableIndex.
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FG Approves 40% Peculiar Allowance to Avert Nation-wide Civil Service Strike
The Federal Government has approved a 40 percent peculiar allowance for federal civil servants in a move aimed at preventing a looming nationwide strike across the public sector.
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Nigeria Has 168 Private Universities as South-West Emerges Highest
The South-West region has emerged as the zone with the highest number of National Universities Commission (NUC)-accredited private universities in Nigeria as of 2025.
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Nigeria's Oil Production hits 1.663 m Barrels Per Day in April
Nigeria's oil production recorded a significant rebound in April 2026, with the country achieving a combined daily average output of 1.663 million barrels per day (bpd) of crude oil and condensates.
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Nigeria Trails South Africa, Egypt in Latest African GDP Ranking
South Africa has maintained its position as Africa's largest economy in 2026 with an estimated Gross Domestic Product (GDP) of $479.96 billion, according to the latest economic projections.
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