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Category: Business
Port Harcourt refinery produces kerosene, diesel, 1.4m liters of PMS daily – NNPCL
The Nigerian National Petroleum Company Limited (NNPCL), says the revived 60,000 barrels-per-day Port Harcourt Refinery is currently producing at least 1.4 million liters of Premium…
Kwara, 24 other states to benefit from $500m W’Bank loan
No fewer than 25 state governments will be beneficiaries of the newly approved $500m World Bank loan to improve water resource management for hydropower and…
Dangote petrol: Nigeria’s fuel price may crash to N900/litre by Yuletide – Marketers
Nigeria’s petroleum marketers said that the Premium Motor Spirit (Petrol) price may be reduced to between N900 and 1000 per litre by this year’s Yuletide…
Port Harcourt Refinery commences production
Nigeria’s owned Port Harcourt Refinery has commenced processing crude oil production. The spokesperson of the Nigerian National Petroleum Company Limited (NNPCL), Olufemi Soneye, disclosed this…
Nigerian Govt saved $20bn by removing subsidies – Finance minister, Edun
The Federal Government says it has saved $20 billion by removing petrol subsidy and adopting market-based foreign exchange pricing. The Minister of Finance and Coordinating…
BREAKING: Dangote refinery reduces PMS price
Nigeria’s Dangote Refinery has reduced the Premium Motor Spirit (Petrol) price for marketers to N970 per litre. The spokesperson of Dangote Group, Anthony Chiejina, disclosed…
Proposed tax bills aim at getting rid of low revenue-yielding taxes – Oyedele
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele has said that the tax reform bills currently before the National…
Tinubu seeks N’Assemby’s approval for $2.2bn fresh external loan
President Bola Tinubu has written to the National Assembly to seek the approval of a fresh $2.2bn as a new external borrowing plan in the…
World Bank detects $32m unaccounted funds in Nigeria’s water project
The World Bank has identified $32m in unaccounted funds in a Nigerian water sector project, raising concerns over likely embezzlement and mismanagement. According to the…
SON, NMDPRA test imported petrol, marketers reply Dangote
The Standards Organisation of Nigeria (SON) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) certify the imported Premium Motor Spirit, popularly called petrol,…