Tax Tribunal orders NLNG to pay $27.5m to FIRS as 2016 revised CIT
Nigeria LNG Limited (NLNG) has noted media reports suggesting that a Tax Appeal Tribunal ordered NLNG to pay $27.5 million to the Federal Inland Revenue Service (FIRS) as a revised Company Income Tax (CIT) settlement for 2016. NLNG clarifies that…
TotalEnergies EP Nigeria Moves its 10% holding to Chappal Energies
TotalEnergies EP Nigeria will sell to Chappal Energies its 10% participating interest and all its rights and obligations in 15 licenses of SPDC JV, which are producing mainly oil. Production from these licenses represented approximately 14,000 barrels equivalent per day…
Dangote explains why price of fuel’ll continue to rise
…Insists IOCs are frustrating its crude supply demands The Management of Dangote Industries Limited (DIL) has commended the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for its various interventions in the oil company’s crude supply requests from International Oil Companies (IOCs),…
NASS Mulls Stronger Laws Against Crude Oil Theft, Vandalism
The National Assembly has thrown its weight behind NNPC Limited’s ongoing efforts to boost Nigeria’s crude oil production and grow its reserves, saying it will consider stiffer consequences for crude oil thieves and vandals of the nation’s critical hydrocarbon infrastructure….
2025: Our Company’s projected $30bn revenue will boost Naira value—Dangote
Africa’s richest man and President of Dangote Group, Aliko Dangote, has averred that his company’s aim is to become the leading supplier of foreign exchange in the FX market soon, as it targets $30 billion in revenues by the year…
FG Resolves Crude Supply Challenge at Dangote Refinery
The management of Dangote refinery has announced the resolution of crude oil supply crisis at the plant. This was explained during a guided tour of the refinery on Sunday by select media executives in Lekki. The company noted that the…
How NNPC Stake at Dangote Refinery Collapsed to 7.2%
The Nigerian National Petroleum Corporation (NNPC) Limited no longer owns a 20% stake in Dangote Refinery but only 7.2%. This was announced on Sunday by the Chief Executive Officer (CEO) of Dangote Refinery, Aliko Dangote during a press briefing at…
Logistics Challenges, Flooding Cause of Fuel Queues, Claims NNPCL
The NNPC Ltd wishes to state that the fuel queues seen in the FCT and some parts of the country, were as a result of disruption of ship-to-ship (STS) transfer of Premium Motor Spirit (PMS), also known as petrol, between…
Dangote Refinery can solve Nigeria’s forex problems, catalyse Growth—S&P Global
Leading global financial analytics giant, S&P Global, has described the 650,000 barrels per day (bpd) Dangote Oil Refinery and Petrochemicals Company as capable of resolving Nigeria’s foreign exchange (forex) issue and its huge pressure on the local Naira currency, while…
NNPC Plans to Build 3 LNG Stations, 100 CNG Sites
The Group Chief Executive Officer of NNPC Limited Mallam Mele Kyari has declared that the drive to bring Compressed Natural Gas (CNG) closer to Nigerians has since commenced and is irreversible. Kyari, who disclosed this on Thursday during the simultaneous…
