The Corporate Affairs Commission has reminded Point of Sale operators across Nigeria that the deadline for business registration, initially announced on July 7, 2024, expired on September 5, 2024. In a statement released on Friday, the CAC expressed concerns over inadequate compliance with the directive, despite the large number of PoS operators in the country. […]
The Dangote Petroleum Refinery will determine the price of petrol from October, Bloomberg is reporting. On Tuesday, Aliko Dangote, chairman of Dangote Industries Limited (DIL), officially announced the commencement of petrol production at his refinery. Dangote had said the price of petrol from his plant would be determined by the federal executive council (FEC) and […]
The Nigerian National Petroleum Company Limited has announced that it has supplied 30 million barrels of crude oil to the Dangote oil refinery, with plans to provide an additional 17 million barrels soon. The Executive Vice President of NNPCL Downstream, Adedapo Segun, disclosed this on Thursday while speaking on Arise Television. According to Segun, the […]
Dangote Group says the Nigerian National Petroleum Company (NNPC) Limited has not commenced lifting of premium motor spirit (PMS), also known as petrol, from its refinery. In a statement on Thursday by Anthony Chiejina, chief branding and communications officer of Dangote Group, the company said it is yet to finalise its contract with the NNPC. […]
Taiwo Oyedele, Chairman Presidential Fiscal Policy and Tax Reforms Committee, says the committee is proposing a law to the National Assembly to increase valued added tax from the current 7.5% to 10%. Oyedele stated this during an interview on Channels TV’s Politics Today. He also said his committee was working to consolidate multiple taxes in […]
THE NNPC Ltd has increased the pump price of petrol to N855 per litre, from N615 per litre nationwide. Details later…
Aliko Dangote, a businessman, announced that petrol produced from his 650,000 barrels per day facility will be available at filling stations within the next 48 hours. This is pending formalization of modalities with the Nigerian National Petroleum Company Limited (NNPCL). Dangote made this announcement on Tuesday during a press briefing about the formal production of […]
The Nigeria Civil Aviation Authority (NCAA) says no Nigerian airline was banned from operating in the United States. On Monday, media reports said Nigeria has been delisted from the US Federal Aviation Administration category one status (USFAA CAT 1) international aviation safety assessment programme (IASA). According to the report, this is due to the failure […]
The Nigerian National Petroleum Company Limited finally admitted the company’s “significant debt to petrol suppliers”, saying it poses a threat to the sustainability of fuel supply. There have been reports that a $6 billion debt the NNPCL owes petrol suppliers has worsened petrol scarcity in Nigeria, a perennial feature since the beginning of 2024. At […]
The Securities and Exchange Commission (SEC) on Thursday granted “Approval-in-Principle” for two Digital Assets Exchanges to commence operation under its Accelerated Regulatory Incubation Programme (ARIP). The commission said the move would deepen the capital market while guaranteeing the protection of investors. Five firms were also admitted to test their models and technology under the SEC’s […]
