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Dangote Petroleum suspends sales of petroleum products in Naira
Dangote Petroleum Refinery has confirmed that it has temporarily halted the sale of petroleum products in Naira. According to a note by the Management to customers on Wednesday, the company said “This decision is necessary to avoid a mismatch between our sales proceeds and our crude oil purchase obligations, which…
Read More »NNPCL refutes reports of explosion at Port Harcourt Refinery
The Nigerian National Petroleum Company Limited (NNPC Ltd) has refuted reports of an explosion at the Port Harcourt Refining Company (PHRC) in Rivers State. The company in a statement by Olufemi O. Soneye, Chief Corporate Communications Officer clarified that what occurred was a flare incident, which had since been fully…
Read More »Rivers Crisis: State of emergency, an assault on democracy -Atiku
Former Vice-President, Atiku Abubakar has described the declared state of emergency in Rivers as an “assault on democracy”. Abubakar, in a statement also described it as a “political manipulation and action taken in bad faith”. He alleged that anyone paying attention to the unfolding crisis knew that President Bola Tinubu…
Read More »Reps approve Tinubu’s tax reform bills
The House of Representatives on Thursday, has approved the tax reform bills passed by President Bola Ahmed Tinubu’s after months of debate and controversy. The bills include the Nigerian Tax Bill, the Tax Administration Bill, the Revenue Tax Board Bill, and the Nigerian Revenue Service Establishment Bill. Presidential spokesperson and…
Read More »Court stops FCCPC from sanctioning MultiChoice over DStv, Gotv tariff hike
The Federal High Court in Abuja has restrained the Federal Competition and Consumer Protection Commission (FCCPC) from sanctioning MultiChoice Nigeria Limited following its recent increase in the DStv and GOtv subscription rates. Justice James Omotosho gave the order after an ex-parte motion moved by Moyosore Onigbanjo, SAN, counsel to MultiChoice.…
Read More »Canadian counter tariffs takes effect following U.S. moves
Canadian tariffs on U.S. products came into effect on Thursday, in response to the 25per cent tariffs imposed by the U.S. President Donald Trump on steel and aluminium imports. From midnight (0400 GMT), Canada applied tariffs on about 29 billion dollars (20 billion U.S. dollars) in products imported from the…
Read More »IFC Awards EDGE Green Building Certification to Access Bank Nigeria
ConcisedailyNews – Access Bank PLC (Access Bank), a leading African bank, has received the IFC EDGE (Excellence in Design for Greater Efficiencies) Green Building Certification for its banking headquarters, called Access Tower, located in Oniru, Victoria Island, Lagos. The EDGE Green Building certification program, supported by the Japan Government in…
Read More »FG adopts Ogun State owned Tai Solarin University as Federal University
The Federal Government of Nigeria has adopted the Tai Solarin University of Education (TASUED) in Ijagun, Ogun State as a Federal University. Established by the Ogun State Government in 2005, TASUED holds the distinguished position as Nigeria’s first specialised university of education. It was named after Dr Tai Solarin, a…
Read More »FRSC Corps Marshal sanctions Ondo Sector commander over worn-out tyre
The Corps Marshal, Federal Road Safety Corps (FRSC), Malam Shehu Mohammed, has ordered the immediate sanction of the Sector Commander over the use of a worn-out tyre on one of the corps’ patrol vehicles in Ondo State. This is contained in a statement by the Corps Public Education Officer (CPEO),…
Read More »NACA insists that HIV treatment remains free in government facilities
The National Agency for the Control of AIDS (NACA) has dismissed information on social media regarding the withdrawal of subsidy for Antiretroviral (ARV) drugs The Agency explained that the claim that ARV drugs will now cost N250,000 per dose with patients required to pay N500,000 monthly, is completely false and…
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