FG set to tax oil firms’ dividends
If the Finance Bill submitted by President Muhammadu Buhari is passed by the National Assembly, it would remove the tax exemption on dividends paid from the profits of oil companies.
The Minister of Finance, Budget and National!-->!-->!-->…
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Court gives EFCC 4 months to extradite former Petroleum Minister from UK
The Federal High Court in Abuja has given the Economic and Financial Crimes Commission an ultimatum of four months to extradite Diezani Alison-Madueke, a former Minister of Petroleum Resources, to Nigeria from the United Kingdom.
The!-->!-->!-->…
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NNPC, Other Petroleum Industry Stakeholders Move to Curtail Tanker Fire Incidents
As part of measures to ensure safety and smooth operation in the petroleum products distribution value chain, the Nigerian National Petroleum Corporation (NNPC), in collaboration with other stakeholders in the Petroleum Industry and!-->!-->!-->…
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NNPC Assures of Transparency in Selection of Lead Insurer for Oil Assets
The selection of insurer for the Nigerian National Petroleum Corporation’s (NNPC) assets in the 2020/2021 would be transparent, just as is the practice in other areas of the corporation’s operation nationwide, the National Oil Company has!-->…
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Kyari Tasks NNPC Retail’s Board on Unadulterated Products
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has challenged the Board of Directors and Management of the NNPC Retail Limited to sustain the company’s culture of delivering!-->!-->!-->…
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Ali: Nigeria subsidises petrol for neighbouring countries
The Comptroller-General of Customs, Col. Hameed Ali (rtd), yesterday alleged that Nigeria was subsidising petrol for other countries.
He argued that the decision to suspend the supply of petrol to communities at the border was taken to!-->!-->!-->…
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Supreme Court reaffirms order directing NNPC to pay firm N8.1b
The Supreme Court on Tuesday reaffirmed its earlier judgement in which it among others, ordered the Nigerian National Petroleum Corporation (NNPC) to pay N8.1billion to a firm, BCE Consulting Engineers over a failed consultancy service!-->…
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Yuletide: Ogoja rice producer set to crash price to N14,000/50kg bag
• Says 1,000 hectares ready for harvest
The Chairman and Chief Executive Officer, Santuscom Agro-Hub Investment Nigeria Limited, producers of Ogoja Rice, Chief Paul Santus, on Tuesday, disclosed plans to crash 50-kilogram bag of!-->!-->!-->…
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How DisCos fleece Nigerians with electricity bill
*On April 12, 2017, Aliyu Umar, 27, began his day, carefully preparing a charcoal fire with which he would prepare breakfast of noodles, bread, fried eggs and tea for his early morning customers. His makeshift shop was a hotspot for!-->…
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Reps Kick Against Customs’ Ban On Fuel Supply To Border Communities
The House of Representatives on Tuesday demanded immediate halt to the implementation of a directive by the Comptroller General of Customs, Hameed Ali that petrol should no longer be supplied to communities within 20 kilometer radius of!-->…
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