President Bola Tinubu has directed the Nigerian National Petroleum Company Limited to sell crude oil to Dangote Refinery and other upcoming refineries in Naira. The Special Adviser to the President on Information and Strategy, Bayo Onanuga, made this known in a post via his official X handle on Monday. Onanuga stated that the move, […]
The Nigerian Electricity Regulatory Commission has explained why it has not reverted to the old electricity tariff as directed by the House of Representatives. On Tuesday, the House directed NERC and the electricity distribution companies to reverse the electricity tariff hike imposed on Band ‘A’ customers. Recall that the NERC raised the electricity tariff […]
The Corporate Affairs Commission has issued fresh guidelines to assist Deposit Money Banks in the ongoing recapitalisation. The commission, in a statement signed by its management and posted on its Facebook account on Friday, said the new directive is pursuant to its powers under Section 8 (1) (e) of the Companies and Allied Matters […]
The Corporate Affairs Commission (CAC) says it will de-register the names of companies yet to file in their annual reports in the last 10 years. In a statement on Wednesday, the Commission said the full list of the dormant companies was available on its website. “This is to inform the general public that the […]
Fifty-eight of the 164 member states of the World Trade Organisation (WTO) members have voiced support for a proposal from the African Group backing incumbent Director General, Ngozi Okonjo-Iweala, to serve a second term. The 58 member countries of the trade association made this known at a July 22 meeting of the WTO General […]
Aliko Dangote, chairman of Dangote Industries Limited, has alleged some personnel of Nigerian National Petroleum Company (NNPC) Limited, oil traders and terminals have opened a blending plant in Malta. Dangote spoke at the house of representatives on Monday. An oil blending plant has no refining capability but can be used to blend re-refined oil […]
The President of Dangote Group, Aliko Dangote, has made an offer to sell the Dangote Refinery to the Nigerian National Petroleum Corporation Limited. Speaking in an exclusive interview with Premium Times on Sunday, the businessman expressed his willingness to sell the refinery to address allegations of monopoly in the industry. He stated that if […]
WhatsApp has said its parent body, Meta, will be appealing the $220 million fine imposed by the Federal Competition and Consumer Protection Commission (FCCPC) regarding its violation of Nigeria’s data privacy laws. The organisation, WhatsApp, said this in a statement made available to the News Agency of Nigeria on Saturday in Lagos. It said: […]
The Central Bank of Nigeria (CBN) has approved the sale of foreign exchange (FX) to eligible bureau de change (BDC) operators at N1,450 per dollar to meet the demand for invisible transactions. In a statement on Thursday signed by A.A Mahdi, CBN’s acting director of trade and exchange department, the apex bank said it […]
The national average retail price for Premium Motor Spirit otherwise known as petrol increased year-on-year, YoY, by 37.44 percent to N750.17 per litre in June 2024 from N545.83 per litre recorded in the corresponding period of 2023. On a month-on-month, MoM basis, the average retail price decreased by 2.53 per cent from N769.62 per […]
