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The Petroleum Product Retail Outlet Owners Association of Nigeria (PETROAN) has said the statement credited to the Nigeria National Petroleum Company Limited (NNPCL) that there is no plan to increase petrol prices despite the fall of…
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…pump price tops N870 on VAT, weaker Naira Nigerian businesses relying heavily on diesel for their operations are facing higher costs of fuelling their generators as a new tax kicks in amid naira depreciation. The federal…
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Adaobi Rhema Oguejiofor The Governor of Gombe State, Muhammadu Yahaya, has begun the distribution of food items and agricultural materials as palliatives in order to reduce the effects of the economic hardship that came as a result…
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By Moses Patience Chat The Nigerian Content Development and Monitoring Board (NCDMB) and the Anti-Corruption Agency of Nigeria (ACAN) recently concluded a three-day sensitisation workshop on “Achieving Zero-tolerance for…
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By Moses Patience Chat The Managing Director (MD) of Fanot Oil and Gas Company, Engr. Felix Aruya , has announced the Company's plan to build another refinery in Edo State, adding that the project would commence as soon as…
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Adaobi Rhema Oguejiofor The United States Undersecretary of Commerce for International Trade, Marisa Lago, has said that Nigeria needs charging infrastructures in order to facilitate the adoption of electric vehicles (EVs). Lago,…
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By Moses Patience Chat Nigeria has resumed the export of about 220,000 barrels of crude oil per day at the Forcados terminal.The terminal was shut for maintenance on July 12, 2023 after workers saw 'fumes' near a single buoy…
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Adaobi Rhema Oguejiofor The Nigerian Extractive Industries Transparency Initiative (NEITI) has said that it is set to provide data on the actual volume of petrol consumption in the country, stating that it will start providing…
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...Reveals FG's plan to ease transportation The National Chairman of the All Progressives Congress (APC), Abdullahi Ganduje, has said that President Bola Tinubu had the best intentions for Nigerians in the decision to remove fuel…
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In what appears like a boost for the naira, the Nigerian National Petroleum Company (NNPC) Limited and the African Export-Import Bank (Afreximbank) have jointly signed a commitment letter and Termsheet for an emergency $ 3 billion…
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