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 GODWIN OBI President Bola Tinubu has told French investors that the country is open for business, saying his government is creating an enabling environment for them to thrive. Tinubu said this on Thursday during a joint briefing with the French President Emmanuel Macron at the Elysee Palace. “We’ve beenContinue 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
GODWIN OBI The Acting Chief of Army Staff, Olufemi Oluyede, has pledged to bring lasting peace to the country if confirmed in a substantive position. He said this when he appeared before the House of Representatives Joint Committee on Defence and Army at the National Assembly Complex in Abuja onContinue Reading
Minister of Marine and Blue Economy, Adegboyega Oyetola —Says Policy Would Eradicate Illegal Fishing, Other Unsustainable Practices BY GODWIN OBI The Minister of Marine and Blue Economy, Adegboyega Oyetola, on Tuesday, convened critical stakeholders in the maritime industry to a workshop in Ikeja, Lagos, aimed at developing a National PolicyContinue Reading
BY GODWIN OBI The President of the Nigerian Bar Association, Affam Osigwe, has expressed strong reservations of a recent remarks of the Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede over the role of lawyers in financial fraud. Osigwe, who acknowledged that no profession is entirely fromContinue Reading
BY GODWIN OBI The National Assembly, on Monday, questioned President Bola Tinubu’s request for loan requests as some revenue-generating agencies of the Federal Government disclosed that they had already surpassed their budgetary revenue target for 2024. The Chairman of the Federal Inland Revenue Service, Zacch Adedeji, said the Federal GovernmentContinue Reading
BY GODWIN OBI The Managing Director/Chief Executive Officer of Nigeria Deposit Insurance Corporation, Bello Hassan, has reassured customers of the failed Heritage Bank that their funds in the bank are safe. Hassan gave this reassurance at the 2024 NDIC Editors Forum held in Lagos on Saturday. The NDIC boss, whoContinue Reading