Usman Baba, the inspector-general of police (IGP), has ordered the immediate release of all impounded vehicles at police stations to their owners on bond. Olumuyiwa Adejobi, the force spokesperson, in a statement on Tuesday, said the development was taken as part of efforts to make the police stations more presentable. The bond requirement means that…
The Nigeria Customs Service has approved a month’s grace for the clearance of a backlog of vehicles following a recent Customs/Stakeholders town hall meeting held in Lagos on Vehicle Identification Number (VIN)-Valuation. This is to enable the clearing of the backlog of vehicles held up at the ports, as a result of the strike action…
U.S. President Joe Biden on Tuesday imposed an immediate ban on Russian oil and other energy imports in retaliation for the invasion of Ukraine, amid strong support from American voters and lawmakers, even though the move will drive up U.S. energy prices. “We’re banning all imports of Russian oil and gas energy,” Biden told reporters…
Oil prices rose 5% on Tuesday as the United States banned Russian oil imports and Britain said it will phase them out by year-end, decisions that are expected to further disrupt the global energy market as Russia is the second-largest exporter of crude. Oil prices have surged more than 30% since Russia invaded Ukraine, and…
