FG Approves Licence for 10,000bpd New Refinery  The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, has announced the approval of a licence for the construction of a new refinery. The approval was given to MRO Energy Limited, an energy company for the...

NNPCL Hikes Petrol Price to N990 in FCT, N960 in Lagos Retail outlets owned by the Nigerian National Petroleum Company Limited have raised the pump price of Premium Motor Spirit, also known as petrol, from N965 to N990 per litre in the Federal Capital Territory. They...

‎Trump's Plan for External Revenue Service May Disrupt Global Trade – Taiwo Oyedele ‎ ‎Mr. Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has expressed concerns over Donald Trump's plan to establish an External Revenue Service to impose tariffs and taxes...

Chinese Firm Supports Nigeria’s $20bn Ogidigben Gas Project China National Chemical Engineering International Corporation Ltd (CNCEC) has announced its commitment to support Nigeria’s ambitious $20 billion Ogidigben Gas Project in Delta State, marking a significant milestone in the bilateral economic ties between the two nations. Li...

NCC Approves 59% Tariff Hike for Telecos  The Nigerian Communications Commission (NCC) has approved the request of telecommunications companies to raise tariff. According to Reuben Mouka, spokesman of the commission, the approval was granted in pursuant to its power under Section 108 of the Nigerian Communications...

CAC strengthens compliance, enforcement mandates for efficient management of entities The Corporate Affairs Commission (CAC) has unveiled plans to strengthen its compliance and enforcement mandates, with a focus on formalising businesses and enhancing post-incorporation compliance. The Registrar-General of CAC, Hussaini Magaji, said this during the in-house...