NNPCL Ending Crude Oil Swap Contracts - Kyari   The National Petroleum Company Limited (NNPCL) has said it is winding down crude swap contracts with traders and will pay cash for petrol imports. The Group Chief Executive Officer of NNPCL, Mele Kyari,...

Banks Begin Collection Of Tax Certificate On Forex Requests   Commercial banks across Nigeria have announced that all Form A and Forex requests must include a valid copy of the applicant’s Tax Clearance Certificate (TCC) alongside other required documents on the...

Despite World Bank Funding, Buhari Failed To Sign Data Protection Bill   The former President of Nigeria, Muhammadu Buhari, failed to sign the Nigeria Data Protection Bill again despite World Bank’s funding and stakeholders’ support. In September last year, it was reported...

Fuel Subsidy: The Genesis and Nemesis, by Adedamola Adetayo   ORIGIN. 1. In the past, we had FOUR (4) REFINERIES. Two (2) in Portharcourt, One (1) in Warri and another One (1) in Kaduna. Crude oil was pumped into those four REFINERIES and we...

President Tinubu: Please Review Subsidy Removal, by Aliyu U. Tilde Summary: Subsidy is for the everybody. Complete removal is bad for the economy. Suspend removal. Constitute a credible committee to get you actual fuel consumption figures to fix a new...

Simply, the Cost of Fuel Subsidy in a Layman's Language 1. Nigeria has crude oil in abundance but it is not the crude oil you use in powering your generator and other machineries. The crude oil needs to be converted to...