“We have nothing to hide,” says NNPC Boss


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The Nigerian National Petroleum Corporation Limited (NNPC) has boldly declared that it has nothing to hide, following a summons to appear before the Nigerian House of Representatives Committee on Public Accounts. The…

FCCPC begins investigations into Shipping in Nigeria


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The Federal Competition and Consumer Protection Commission (FCCPC) has opened investigations into shipping in Nigeria, following credible information centred around exchange of commercially sensitive information, raising the cost of…

Tax Liabilities: Anambra State to commence enforcement of payment


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The Anambra State Government through the Anambra State Internal Revenue Service (AIRS) has announced the commencement of the enforcement of payment of all outstanding tax liabilities by businesses and individuals in the State with effect…

CBN: Currency in Circulation drops by N37.94 billion (February 2022)


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Recent data from the money and credit report of the Central Bank of Nigeria (CBN) has shown that currency in circulation in Nigeria fell by N37.94 billion in February to N3.25 trillion compared to N3.29 trillion recorded as of January 2022.…

WTI Crude falls by 4%, sells below $110/Bbl


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The West Texas Intermediate (WTI) crude futures fell more than 4% to below $110 per barrel on Monday, erasing a 1.4% gain in the previous session, in anticipation of a drop of fuel demand in China after authorities in Shanghai said they…

Promotion Arrears: Group commends FCT Minister for clearing N2.9 billion debt


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The Joint Union Action Committee (JUAC), the umbrella body of the various employees’ unions in the Federal Capital Territory Administration (FCTA), has commended the FCT Minister, Malam Muhammad Musa Bello, for the payment of promotion…

Bonny Deep Sea Port: Federal Government seeks Nigerian Navy’s support


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The Federal Government has sought the Nigerian Navy’s support with the Bonny deep Seaport project to identify pipes. Nigeria's Minister of Transportation, Mr Rotimi Amaechi, disclosed this in a…

WTI Crude rebounds by 1.4%


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Oil turned positive on Friday, with West Texas Intermediate (WTI) crude futures rebounding by 1.4% to settle at $113.9 per barrel on reports of missile strike and fire at Saudi Aramco facility. US crude rose by 10.5%…

Power Supply: Federal Government directs governors to remove RoW barriers


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The Federal Government has directed State Governors to remove Right of Way (RoW) barriers in order to fast-track the expansion and strengthening of the national grid. Nigeria's Vice-President, Prof. Yemi Osinbajo,…

AfDB, ECOWAS sign agreement to boost West Africa’s Pharmaceutical Industry


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The African Development Bank (AfDB) and the Economic Community of West African States (ECOWAS) have signed an agreement to boost the pharmaceutical industry in West Africa. The agreement was signed in Abuja, Nigeria’s…