Sunday, June 15, 2025
The Port Harcourt Refining Company has clarified that its operations were not completely halted but scaled down to facilitate improvements at the facility. It disclosed this on Sunday as the Independent Petroleum Marketers Association of Nigeria insisted that it would not buy from the Port Harcourt refinery if the Nigerian […]
The Borno State Governor, Babagana Zulum, has clarified his position on the controversial tax reform bills, saying he was not an enemy of President Bola Tinubu’s administration. Zulum, however, insisted that if the four tax bills currently undergoing review before the Green Chamber are passed into law, only one of […]
The Federal Competition and Consumer Protection Commission (FCCPC) has announced a comprehensive inquiry into consumer complaints targeting key players in the banking, telecommunications, and aviation sectors. The inquiry, scheduled to commence on December 3, 2024, will focus on addressing allegations of poor service delivery, exploitative practices, and potential violations of […]
Holcim to sell Lafarge Africa stake to Huaxin Cement in $1 billion deal Swiss cement maker Holcim (HOLN.S), opens new tab will exit its Nigerian business through the sale of its almost 84% stake in Lafarge Africa (WAPCO.LG), opens new tab to China’s Huaxin Cement (600801.SS), opens new tab in […]
President Bola Tinubu has disclosed that the economic policies that he initiated upon his assumption of office are now yielding the desired results. Tinubu, who acknowledged that the policies were harsh on the people, stated that the move became imperative in order to salvage the country from the crises facing it. Speaking […]
The Apapa Command of the Nigeria Customs Service (NCS) has achieved a record-breaking revenue collection of approximately ₦2.1 trillion for the year 2024, marking a significant milestone in trade facilitation and national economic contributions. This achievement was celebrated in Abuja, where Comptroller-General of Customs (CGC) Wale Adeniyi commended the reforms […]
The Port Harcourt Refining Company has clarified that its operations were not completely halted but scaled down to facilitate improvements at the facility. The Executive Director, Operations, Nigerian Pipeline and Storage Company Limited, Moyi Maidunama, disclosed this on Sunday during a guided tour of the refinery led by the Managing […]
This comes as he alleged that some elements within the private sector in the oil and gas industry want to undermine and understate the revitalisation of the Port Harcourt Refinery. Fani-Kayode made this known in a statement on his official X handle on Thursday, noting that the oil business is […]
The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, has announced the approval of a licence for the construction of a new refinery. The approval given to a company named Process Design and Development Limited is to establish and construct a new 27,000 barrels per day refinery. […]
Tax reform: Northern senators in closed-door meeting as bill scales second reading Northern Senators met behind closed doors on Thursday following the upper chamber’s passage of the Tax Reform Bills for a second reading. The meeting announced during the plenary, was held in room 301 and lasted about two hours. […]