Rahma Oladosu

Nigeria’s Daily Petrol Consumption Surges to 50m Litres Amid Scarcity

Nigeria’s Daily Petrol Consumption Surges to 50m Litres Amid Scarcity   The average volume of petrol consumed in Nigeria has risen to 50 million litres per day, up from about 46.38 million litres in July 2023, two months after subsidy was...

DisCos’ Revenue Rises by 40% to N433bn

DisCos’ Revenue Rises by 40% to N433bn   Revenues earned by electricity Distribution Companies (Discos) in Nigeria in the second quarter of 2024, spanning April to June, rose almost 40 per cent to N433 billion during the period, on the back...

Assets Conversion: NNPCL, Chevron Target 165,000 bpd by December

Assets Conversion: NNPCL, Chevron Target 165,000 bpd by December In line with the Petroleum Industry Act (PIA) 2021 provisions of transiting assets from the Petroleum Profit Tax (PPT) into PIA terms, the NNPC Ltd. and its Joint Venture (JV) partner,...

Marketers Fear High Dangote Petrol Price as Fuel Landing Cost Rises

Marketers Fear High Dangote Petrol Price as Fuel Landing Cost Rises Oil marketers are concerned about the delay in announcing the price of Premium Motor Spirit, popularly called petrol, being produced by the Dangote Petroleum Refinery, as they noted that...

Experts Hail FIRS as VAT Hits N1.56trn

Experts Hail FIRS as VAT Hits N1.56trn The Federal Inland Revenue Service(FIRS) has received the commendation of analysts for collecting N1.56trn in its Value Added Tax collections in the second quarter of the year. A report released by the Nigeria Bureau...

CBN, NDIC, Others to Discuss Bank Recapitalisation at Summit

CBN, NDIC, Others to Discuss Bank Recapitalisation at Summit The Nigeria Deposit Insurance Corporation (NDIC) the Central Bank of Nigeria (CBN) the Bank of Industry (BoI) the United Bank for Africa, Access Holdings Plc, and other financial institutions will be...
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