Contrary to claims by Trade Union Congress that only Lagos state remains the only state not indebted to workers, the Akwa Ibom state government on Sunday said it was prompt in the payment of salaries and emoluments of its workers. Speaking to Vanguard, the Akwa Ibom state Commissioner for Information and Strategy,

The Central Bank of Nigeria on Thursday directed all Deposit Money Banks and other financial institutions to settle customers’ complaints on issues of overcharge, unauthorised deductions and other matters within two weeks. The Head of Complaints Management Division, Mr. Tajudeen Ahmed, issued the directive in an interview with the News Agency of Nigeria in Abuja. He explained that the move was to ensure that the excess and arbitrary charges are eradicated.

MTN Group has hinted it will be going to public in Nigeria and Ghana, but only 30% stake in the Nigeria business would be sold to the public to raise between $500 - 700 million. MTN Nigeria is currently estimated to worth $4 billion and a sell 30% for $500 million is considered a discount for Nigerian investors that will be subscribing to the company's shares when it is made public.

Following increasing cases of vandalism of electricity equipments across the country, the House of Representatives on Thursday mandated its committees on power, police affairs, interior, national security and intelligence and federal judicial to examine and fashion out ways to prosecute these vandals.

Nigerian House of Representatives has mandated its committee of Aviation and Commerce to conduct an audit of all registered aircraft operating in the country. This resolution was adopted by the house on Thursday, February 22, 2018. The parliament stated that this audit is important to ascertain the airworthiness of these aircraft. More so, to ensure all aviation safety standards are duly followed by airlines.

The National Bureau of Statistics revealed that Nigeria reduced the amount of petrol imported into the country in 2017. The National Bureau of Statistics (NBS) stated that the volume of petrol, imported into the country dropped by 8% to 17 billion litres in 2017. The volume of petrol imported in 2016 stood at 18.8 billion litres. This was disclosed this in the Petroleum Products Imports and Consumption (Truck In) Statistics report for 2017.

Hyundai Heavy Industries Co., the world's largest shipbuilder by sales, succeeded in winning a US$58 million deal in Nigeria. The company said on Feb. 22 that it has received an order from Nigeria’s Dangote Oil Refining Company (DORC) to deliver 15 units of liquefied petroleum gas (LPG) storage tank that can contain 75,000 cubic meters of gas in total.

The Nigerian National Petroleum Corporation (NNPC) said it spent about 5.8 billion dollars to import Premium Motor Spirit (PMS) popularly known as petrol to combat fuel crisis that resurfaced since late last year. In a statement signed by Mr Ndu Ughamadu, the Group General Manager, Group Public Affairs unit in Abuja, on Tuesday, it said the PMS was equivalent of 9.8 million metric tons.

President and Chief Executive, Dangote Group, Mr. Aliko Dangote, has said his companies annual revenue for 2017 exceeded $4.1 billion. He also disclosed that the group planned to investment $4.6 billion over the next three years in sugar, rice and dairy production alone.

President Muhammadu Buhari on Monday declared renewed war on Corruption in the oil sector. The president who stated this while declaring open the maiden edition of the Nigeria International Petroleum Summit (NIPS) in Abuja assured local and foreign industry that his administration will not stop the fight until a new image is created where transparency will be the watchword in all oil and gas transactions.