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The House of Representatives has requested that the Central Bank of Nigeria withdraw a circular that mandates all banks to charge a 0.5% Cyber Security levy on all electronic transactions in the country.The circular has been met…
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LokpobiriIn a move aimed at stimulating the oil industry, the Nigerian government, under the leadership of the Minister of State for Petroleum Resources, Mr. Heineken Lokpobiri, has announced the removal of signature bonuses from the…
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In a statement by the Nigerian National Petroleum Company Ltd (NNPC) at the ongoing Offshore Technology Conference (OTC) in Houston, Texas, the company has pledged its continuous commitment to the development of oil and gas…
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As Nigeria’s fuel scarcity lingers, the Chairman, Senate Committee on Petroleum (Downstream), Senator Ifeanyi Ubah, said two refineries – Port Harcourt and Warri – would be fully operational by the end of 2024.He said plans have…
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Freight Rate for trucking aviation fuel also known as Jet A1 from Dangote refinery to the Lagos Airports is eroding the gains of the refinery to local airline operators.Reports have it that Dangote Refinery had in April, 2024,…
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NNPCL The Federal Government is set to commence a fresh audit of the N2.8tn fuel subsidy claim by the Nigerian National Petroleum Company Limited.An audit firm, KPMG, had conducted an initial audit, reducing the claims from N6tn to…
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Osagie Okunbor By Saidu AbubakarShell has last year, exclusively paid a total of $1.09 billion in corporate taxes and royalties to the Government of Nigeria through the operations of The Shell Petroleum Development Company of…
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By William Emmanuel UkpojuThe Nigerian National Petroleum Company (NNPC) Limited has reassured motorists that the nationwide supply and distribution of Premium Motor Spirit (PMS), also known as petrol, is improving and has…
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By William Emmanuel UkpojuAradel Holdings Plc, a leading integrated indigenous energy company in Nigeria, has released its 2023 Annual Report and Accounts, showcasing an unprecedented performance in its operations and financial…
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By William Emmanuel UkpojuIn a move to enhance national cybersecurity efforts, the Central Bank of Nigeria (CBN) has announced the introduction of a 0.5% Cyber Security levy on all electronic transactions. The levy, which takes…
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