Business

NNPC assures indigenous shipping coys assured of support

The Nigerian National Petroleum Corporation, NNPC, has expressed readiness to support indigenous ship owners to enjoy greater patronage and participation in the oil and gas maritime business in Nigeria.

Group Managing Director of NNPC, Mallam Mele Kyari, gave the assurance while playing host to [...]

Sat, 05 December 2020


Expert tells FIRS to simplify tax processes for MSMEs

The Federal Inland Revenue Service, FIRS, has been called upon to ensure simplification of tax processes in order to attract Micro, Small and Medium Enterprises, MSMEs, to the tax net.

Fiscal Policy Partner of Pricewatercoopers, Dr Taiwo Oyedele, made the call at the Public-Private Dialogue/Sur [...]

Sat, 05 December 2020


Why 70% of PMS in West Africa originates from Nigeria- Kyari

The gaps over control of distribution and sale of Premium Motor Spirit, PMS, in Nigeria continue to deepen as over 70 per cent of petrol consumption across West Africa originates from the country.

 

Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Malam [...]

Mon, 23 November 2020


NEPC tasks MSMEs on product packaging for export

The Nigerian Export Promotion Council, NEPC, has called on Micro, Small and Medium Enterprises, MSMEs, to up their games in the packaging of indigenous products to become major players in the nation's export business.

Executive Director of NEPC, Mr Segun Awolowo, stated this at a training p [...]

Sun, 22 November 2020


NNPC targets growth in Nigeria’s hydrocarbon reserves

The Nigerian National Petroleum Corporation, NNPC, has reiterated its resolve to grow the nation’s hydrocarbon reserves to 40 billion barrels through reinvigorated exploratory activities in the inland frontier basins across the country.

Group Managing Director of the corporation, Mallam M [...]

Sun, 22 November 2020


VAT revenue for October declines by N15.395bn

The gross revenue available from Value Added Tax, VAT, in October, 2020 decrease by N15.395 billion.

This was disclosed in a communique issued by the Federation Account Allocation Committee, FAAC, at the end of its meeting last Wednesday.

According to the communique, which was cited in a [...]

Sun, 22 November 2020


PIB: Niger Delta communities demand ownership, control of trust funds

Stakeholders in host communities of the Niger Delta Region have demanded ownership and control of the host communities trust funds proposed in the Petroleum Industry Bill, PIB, for the development of oil-bearing areas.

The stakeholders also demanded an increment in the contribution of 2.5percen [...]

Sun, 22 November 2020


PENGASSAN strike: NNPC allays fears of fuel scarcity

The Nigerian National Petroleum Corporation, NNPC, has dismissed speculations of possible scarcity of fuel as a result of the ongoing strike by Petroleum and Natural Gas Senior Staff Association, PENGASSAN.

 

Wed, 11 November 2020


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