The President and CEO of TotalEnergies, Patrick Pouyanne, has disclosed the company’s renewed interest in investing heavily in Nigeria’s oil sector, stating it is prepared to commit billions of dollars in the nation’s ongoing oil bid round. Pouyanne shared this intention during a meeting with the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission,…
Refinery has revealed prices of its product, saying it sells Premium Motor Spirit (PMS) at N960 per litre for ships and N990 for trucks. It also declared that the PMS produced by its refinery is cheaper than imported alternatives, despite claims from marketers that imported petrol is currently more affordable. The Refinery responded to claims…
The Federal High Court Abuja has issued an arrest warrant against the Managing Director of Dana Air, Ranesh Hathiramani, over alleged refusal to appear in court to stand trial. In a Ruling, Justice Egwuatu held that the arrest of Ranesh is necessary following his refusal to appear in court after he was served with the…
The Dangote Petroleum Refinery has issued a warning to Nigerians regarding a newly established depot, reportedly leased by an unnamed international trading company, which is allegedly blending substandard petroleum products. The company stated that the depot, located near Dangote’s facilities, poses a risk as it aims to introduce these inferior products into the market, potentially…
UBA set plans to expand it’s operations in the Middle East. United Bank for Africa Plc, has set the wheels in motion to expand its operations in the Middle East with plan to open a subsidiary in Saudi Arabia, its largest economy. This move, expected to happen within one year will mark the bank’s second…
Ondo Governor Promises Payment Of N73,000 Minimum Wage In November The governor of Ondo State Lucky Aiyedatiwa has assured civil servants that payment of the new minimum wage of ₦73,000 would commence in November this year. Governor Aiyedatiwa, who spoke while addressing civil servants in Akure, said welfare of civil servants would continue to be…
Bayo Onanuga, special adviser to the president on information and strategy, has assured Northern governors that the recently proposed tax laws will not increase the number of taxes. Onanuga spoke on Thursday in a statement posted on social media, addressing the governors’ concerns over the proposed tax laws. Presidency has said contrary to job loss…
The National Economic Council has recommended to President Bola Tinubu to withdraw the Tax Reforms Bill from the National Assembly to allow for wider consultations Oyo State Governor, Seyi Makinde, said this formed part of resolutions reached at the 144th meeting of the National Economic Council at the State House, Abuja. Makinde told journalists that…
The National Insurance Commission (NAICOM) has sacked the Board and Management of African Alliance Insurance Plc, one of Nigeria’s oldest life assurance companies, following years of insolvency and failure to meet the obligations of annuitants and policyholders. The Commissioner for Insurance, Mr. Segun Omosehin, disclosed this on Wednesday during a press conference in its Lagos…
The chairman of Dangote Group, Aliko Dangote, has blamed the persistent shortages and long queues at filling stations across Nigeria on the failure of marketers to lift the products from his refinery. Speaking in an interview with correspondents at the Presidential Villa, Abuja on Tuesday, he emphasized the refinery’s capacity to meet the nation’s fuel…
