By Abdullahi Yusuf In line with the Petroleum Industry Act (PIA) 2021 provisions of transiting assets from the Petroleum Profit Tax (PPT) into PIA terms, the NNPC Ltd and its Joint Venture…
Category: Business
NNPC Ltd Clarifies Role in Dangote Refinery Amid MURIC’s Allegations
The Nigerian National Petroleum Company Limited (NNPC Ltd) has responded to allegations made by the Muslim Rights Concern (MURIC), which claimed that NNPC Ltd is undermining the operations of the Dangote Refinery…
PMS Prices are Determined by Free Market Forces -NNPC Ltd
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has stated that foreign exchange (forex) illiquidity has been a significant factor influencing the fluctuation in prices of Premium Motor Spirit (PMS), which are…
Tax Justice Advocates for Tax Reforms in Kano
By Mustapha Salisu The Tax Justice and Governance Platform (TJ&GP) Kano Chapter recently paid an advocacy visit to the Kano State Internal Revenue Service (KIRS) to discuss and address tax-related issues in…
Dangote refinery to roll out first shipment of petrol to local market today
Dangote Refinery is set to roll out its first shipment of Premium Motor Spirit (PMS), commonly known as petrol, today, Tuesday, September 3, Nairametrics has confirmed. The refinery, with a capacity of…
Kano Governor Directs Implementation of Single Central Revenue Account (SCRA) for MDAs
By Mustapha Salisu The Governor of Kano State, Alhaji Abba Kabir Yusuf, has ordered the establishment of a Single Central Revenue Account (SCRA) for all Ministries, Departments, and Agencies (MDAs) within the…
NGX rates Fidelity Bank highest on corporate governance
From Hamisu Ado, Nguru Fidelity Bank Plc complies with the highest corporate governance standards as the leading commercial bank adheres promptly to all full disclosure requirements and global best practices. Fidelity Bank…
BREAKING: NNPC Ltd. declares N3.3trn profit for 2023 financial year
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has declared N3.3 trillion profit for the 2023 financial year. Chief Financial Officer of NNPC Ltd., Alhaji Umar Ajiya who addressed newsmen on Monday…
KEDCO Revamps Operations, Slashes Losses in 6 Months
By Mustapha Salisu The Kano Electricity Distribution Company (KEDCO) has reported substantial improvements in performance and a significant reduction in aggregate technical, commercial, and collection (ATC&C) losses within just six months following…
Protests: Dawanau grains market recruits 800 personnel to bolster security
The management of Dawanau International Grains Market in Dawakin Toda Local Government Area of Kano State has taken a robust step to secure the market by engaging over 800 additional security personnel….
Centre Empowers Kano Youths with Sustainable Skills Workshop
By Musa Sani Aliyu In celebration of World Youth Skills Day 2024, the Africa Study Centre, with support from Lyseis Technologies, organized a one-day workshop for youth and entrepreneurship groups in Kano,…
Refinery saga: NNPC supplies insufficient crude oil to us – Dangote
By Abdullahi Yusuf Amid lingering crisis, Dangote Refinery has revealed that the Nigerian National Petroleum Company Limited (NNPC) is supplying insufficient crude oil for its production demand, hence it is planning to…
Refinery investment: Lokpobiri reconciles Dangote, NNPC Ltd., others
Sen. Heineken Lokpobiri, Minister of State Petroleum Resources (Oil), has convened a high-level meeting with key stakeholders in the oil and gas sector to resolve issues surrounding the Dangote Refinery. This is…
BREAKING: Crypto exchange, OKX, to discontinue service in Nigeria
Cryptocurrency exchange, OKX, has announced plans to discontinue its service in Nigeria effective from August 16, 2024 as reported by Nairametrics. The company disclosed this in an email message to its Nigerian…
KNSG Commits to Public-Private Partnerships for Development
By Mustapha Salisu Kano State Government has reaffirmed its commitment to promoting strategic partnerships with private organizations to drive development and economic growth in the state. Governor Abba Kabir Yusuf made the…
Plateau Governor Mutfwang visit Chinese embassy, seeks infrastructural intervention
From Tongnaan Bawa, Jos Plateau State Governor, Caleb Mutfwang, has on Thursday held a productive meeting with the Embassy of the People’s Republic of China in Abuja. Director of Press and Public…
Network Expansion: Kano International Grains Market Extols KEDCO
The leadership of Dawanau International Grains Market has applauded the Management of Kano Electricity Distribution Company (KEDCO) for the creation of a multimillion-naira network expansion project towards improving power supply in their…
NNPC Ltd declares state of emergency on oil, gas production
The Nigerian National Petroleum Company Limited (NNPC) Ltd has declared a state of emergency on production in Nigeria’s oil and gas industry. The NNPC Ltd has also called on all players in…
Gov Namadi Breaks 13 Years of Inaction, Signs N6 Billion MOU with BOI
From Mika’il Tsoho, Dutse Jigawa State Governor, Malam Umar Namadi, on Tuesday ended 13 years of inaction between the Jigawa State Government and the Bank of Industry (BOI) by signing a N6…
Kano Governor Urged to Intervene in Al-Imam Tea Herbs’ Monopoly Dispute
By Mustapha Salisu The management of Al-Imam Tea Herbs Pure and Healthy Nig. Limited, a Kano-based tea production company, have taken a peaceful demonstration to the State Government House appealing to Governor…
CITAD Celebrates MSME Day, Stresses Importance of Entrepreneurship Skills
In a move to equip young Nigerians, particularly young women and girls, for a self-reliant future, the Centre for Information Technology and Development (CITAD) organized a lecture celebrating 2024 Micro-, Small, and…
Dangote Industries Ltd. confirms minor fire outbreak at its refinery
Dangote Industries Ltd. has confirmed a minor fire incident at its Effluent Treatment Plant (ETP) in Lagos on Wednesday and which was swiftly contained. Mr Anthony Chiejina, the Group Head of Corporate…
Amid protests, Kano govt demolishes 5000 market stalls
By Abdullahi Yusuf The Kano State Urban Planning and Development Authority(KNUPDA) has demolished more than 5,000 stalls belonging to traders doing business around the Kano Main Id Ground(Masallachin Idi) located on IBB…
Heritage Bank; NDIC begins payment of depositors’ insured sum — MD
The Nigeria Deposit Insurance Corporation (NDIC), says it will begin payment of insured sum to 2.3 million depositors of Heritage Bank in-liquidation this week. The Managing Director of NDIC, Mr Bello Hassan,…
Customs’ Trade Modernisation Project Set to Generate $250 Billion for Nigerian Government
By Muhammad Bashir The General Manager of the Trade Modernisation Project (TMP), Ahmad Ogunshola, on Tuesday 4th June, 2024, expressed optimism that the Customs Modernisation Project will yield significant economic benefits to…