BY GODWIN OBI The Nigeria National Petroleum Company Limited (NNPCL) says the Port Harcourt Refining Company (PHRC) has not yet commenced bulk sales or opened its purchase portal, as essential processes are still being finalized. NNPCL Chief Corporate Communications Officer, Olufemi Soneye, disclosed this in a statement on Friday. HeContinue Reading

BY GODWIN OBI A report by the Auditor-General of the Federation has unearthed tax irregularities amounting to N14.33bn across more than 30 Ministries, Departments, and Agencies. The findings, disclosed in the Auditor-General’s Annual Report on Non-Compliance and Internal Control Weaknesses, highlight serious lapses in tax deductions, remittances, and compliance withContinue Reading

BY EFE MODESTUS Chad announced Thursday that it was ending military cooperation with former colonial power France, just hours after a visit by French Foreign Minister Jean-Noel Barrot “The government of the Republic of Chad informs national and international opinion of its decision to end the accord in the fieldContinue Reading

•Dealers insist PMS must be cheaper than Dangote’s, NNPCL delays price portal opening, restricts product BY GODWIN OBI Oil marketers have outlined the conditions that will make them patronise the newly rehabilitated Port Harcourt Refinery Company in Rivers State. PHRC, under the management of the Nigerian National Petroleum Company Limited,Continue Reading

BY GODWIN OBI The Seaport Terminal Operators Association of Nigeria has said that the 2006 port concession exercise has better positioned Nigerian ports to compete globally. The Chairman of STOAN, Vicky Haastrup, stated this in a statement when he hosted the Nigerian Ports Consultative Council, led by its Chairman, BolajiContinue Reading