We’re Not Responsible For Licensing Round – NNPC
Nigerian National Petroleum Company Limited (NNPC Ltd) has said that under the Petroleum Industry Act (PIA) 2021, the conduct of oil licensing rounds and the allocation of oil blocks fall squarely within the statutory mandate of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
Otedola Boosts First HoldCo Stake With N18.1bn Purchase, Stake Hits 26.6%
Billionaire investor and Chairman of First HoldCo Plc, Olufemi Otedola, has further strengthened his position in the financial services group after acquiring 138.04 million ordinary shares valued at N18.1 billion, taking his stake in the company to 26.6 per cent.
Fuel Subsidy Gulped N1.16trn In 2021, Says RMAFC
The Revenue Mobilisation Allocation and Fiscal Commission, RMAFC, has said Nigeria spent N1.16 trillion on fuel subsidy in 2021, while N1.20 trillion was deducted from federation crude sales proceeds for the same year.
Dangote Slashes Petrol Price To N1,165/L, Diesel To N1,570/L
The Dangote Petroleum Refinery has announced that it has reduced the ex-depot prices of petrol from N1,215 per litre to N1,165, amounting to a N50 reduction and diesel from N1,650 per litre to N1,570, representing a N80 reduction.
Cadbury Nigeria Board Names Salami As New Chairman
The Board of Cadbury Nigeria Plc today announced the resignation of Mr. Adedotun Sulaiman as the Company’s Chairman, and the appointment of Dr. Rasaq Adedoyin Salami as his successor
