Category: Economy
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‘Why it’s difficult to entrench change in NNPC’
Najim Animashaun, a Policy Adviser and Lawyer, has given an insight as to why it is difficult to entrench the culture of change in the Nigerian National Petroleum Corporation (NNPC). TheNewsGuru.com (TNG) reports Animashaun gave the insight on Friday during a Twitter conference with the theme: “Reforming NNPC towards operational efficiency and commercial effectiveness”, hosted…
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DPR moves on to next phase of 57 marginal oilfields bid rounds
From receiving applications, the Department of Petroleum Resources (DPR) said the stage is now set to move on to the next stage of the of 2020 marginal oilfields bid rounds, which is the phase to do pre-qualification for the bidders. The Director of DPR, Mr Auwalu Sarki, while speaking on Tuesday in a television programme…
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PPPRA explains ambiguity in deregulation of petrol pump price
The Petroleum Products Pricing Regulatory Agency (PPPRA) says it is no longer fixing the pump price of Premium Motor Spirit (PMS) also known as petrol for marketers. PPRA Executive Secretary, Mr Saidu Abdulkadir made this known in a statement in Abuja on Sunday. Abdulkadir, however, said the agency would constantly, on a monthly basis, develop…
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Nigeria petroleum industry in dire need of strategic reforms, says policy expert
The Program Coordinator of the Nigeria Natural Resource Charter, Tengi George-Ikoli has said the nation’s petroleum industry is in dire need of strategic reforms. TheNewsGuru.com (TNG) reports the NNRC Program Coordinator stated this on Saturday during a media conference hosted on Instagram Live by Dayo Ibitoye, a public policy expert. During the conference that was…
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FG designates strategic minerals to unlock economy
Mr Olamilekan Adegbite, Minister of Mines and Steel Development says the Federal Government has designated seven of the country’s strategic minerals to unlock the enormous potential in the mining sector. The Minister, who stated this on Thursday in Abuja at a webinar organised by Nigerian Economic Summit Group (NESG), named the minerals to include: coal,…
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Trans Forcados pipeline under threat – Host communities
Host communities have raised an alarm over plans by a group known as Central Youth Body to vandalize the Trans Forcados pipeline (TFP). The group in a statement called on the Inspector General of Police to investigate the group threatening to vandalize the TFP line that crisscrosses several communities in Delta State. According to the…
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NCC, FIRS sign MOU for ascertaining VAT elements of telcos’ transactions
The Nigerian Communications Commission (NCC), has signed a Memorandum of Understanding (MOU) with the Federal Inland Revenue Service (FIRS). This is to ensure the tax agency ascertained accuracy and completeness of value added tax (VAT) elements and other taxes payable in the transactions of telecoms operators. A statement signed by Dr Henry Nkemadu, Director, public…
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Petrol price: FG urged to enforce holistic industry reform
A coalition of Civil Society Organisations (CSOs) has called on the Nigerian government to enforce a holistic reform in the country’s oil and gas industry. The CSOs, comprising of 13 different organisations working to promote transparency and accountability in the industry made the call in a communique following developments in the sector. They observed that…