The Sokoto Area Command of the Nigeria Customs Service (NCS) has intercepted two elephant tusks weighing 65 kilogrammes and valued at more than N14 million.

The Transmission Company of Nigeria (TCN) says it is building capacity to transmit about 20, 000 mw of electricity before the end of 2021. The Interim Managing Director of TCN, Usman Gur Mohammed made the disclosure on Friday during a kick-off meeting for Environmental and Social Impact Assessment (ESIA) Study to build the second 330 kilovolt (kv) transmission line from Ikeja West in Lagos to Sakete in Benin Republic.

The Fiscal Responsibility Commission (FRC) reports that over 23 state governments have breached the Debt Management Office (DMO) guidelines on subnational borrowing by exceeding their borrowing limits. The Commission in its latest report listed Lagos, Kaduna, Cross River, Gombe, Ekiti, Edo, Imo and Ondo states as those that have borrowed more than 50% of their annual statutory allocations in 2015.

Electricity generation companies currently owe Deposit Money Banks a total of N356bn, while the power sector lost over N500bn revenue in 2016 alone.

Mr Aigboje Aig-Imoukhuede on Monday bowed out as the President, National Council of the Nigerian Stock Exchange (NSE) after serving for three years.

Africa’s richest man and Nigeria’s indisputable business leader Aliko Dangote has told a packed room in New York that he is hoping that oil prices will remain low to wean Nigeria away from its dependence.

Nigerian Petroleum Development Company (NPDC), the flagship subsidiary of the Nigerian National Petroleum Corporation (NNPC), is poised to grow its equity production from the current 180,000 barrels per day to 300,000 bpd by 2018 and by 2019 and 2020 its production is expected to hit 400,000 bpd and 500,000 bpd, respectively.

The Minister of Agriculture and Rural Development, Chief Audu. Ogbeh, says the ministry is working with the Nigeria Security and Defense Corps (NSCDC) to ensure that quality seeds are supplied to farmers by authorised seed dealers.

Popular video entertainment and internet company, the MultiChoice Group has denied media reports that it has perfected plans to introduce the pay-per-view service to the teeming Nigerian subscribers currently using the DSTV or GOtv. The Company made its position known on Saturday in a statement issued to newsmen in Lagos.

Vice President Yemi Osinbajo has restated President Muhammadu Buhari’s resolve to implement a new development agenda for the Niger Delta, according to reports. Professor Osinbajo said this when a group of investors visited him at the Presidential Villa, Abuja.