Daily Archives: September 1, 2020

IOC taxes plunge by N16.46bn amid production cuts

Knocks for FG over petrol price, electricity tariff hike

The tax revenue accruing to the Federal Government from Production Sharing Contracts with international oil companies operating in the country fell by $45.72m (N16.46bn) in May. The tax lifted as oil by the Nigerian National Petroleum Corporation on behalf of ...

Read More »

Oil marketers deny NNPC on N5.35bn petrol subsidy payment

Oil marketers deny NNPC on N5.35bn petrol subsidy payment

Oil marketers on Monday expressed surprise over the resurfacing of petrol subsidy in June 2020 as disclosed by the Nigerian National Petroleum Corporation in its latest operations report. According to marketers of petrol, the government had since March this year ...

Read More »

2023 Presidency: No zoning in APC constitution, says Kalu

2023 Presidency: No zoning in APC constitution, says Kalu

As the agitation for the South to produce the next President in 2023 gathers momentum, a former Abia State Governor and Chief Whip of the Senate, Chief Orji Kalu, has warned those clamouring for power shift that there is no ...

Read More »

AMCON seeks NASS support in N5 trillion debt recovery

AMCON seeks NASS support in N5 trillion debt recovery

• Plans moratorium for deserving obligors As its debt portfolio continues to rise, the Asset Management Corporation of Nigeria (AMCON) has called on the National Assembly to support its efforts in recovering the debt of over N5 trillion from obligors. ...

Read More »

Barcelona may suspend, seize Messi’s salary for refusing to attend club duties

Barcelona may suspend, seize Messi’s salary for refusing to attend club duties

Lionel Messi could be suspended and have a portion of his salary seized by Barcelona if he continues to refuse to attend official club events, writes footballcritic.com. Messi did not show up for Sunday’s coronavirus tests and it seemed clear ...

Read More »

O’jez bar, Old Skool, others to go as Lagos National Stadium ‘clean up’ begins

O’jez bar, Old Skool, others to go as Lagos National Stadium ‘clean up’ begins

• Exercise to last for eight weeks The ‘restoration’ of the Lagos National Stadium will last for eight weeks, a member of the Ministerial Implementation Committee has revealed.The exercise, which is aimed at returning the stadium to its original design, ...

Read More »

FAAN workers threaten strike, reject Abuja airport, others’ concession

FAAN workers threaten strike, reject Abuja airport, others’ concessionFAAN workers threaten strike, reject Abuja airport, others’ concession

Workers at the Nnamdi Azikiwe International Airport, Abuja, on Monday staged a protest against plans by the concession plan of the Federal Government for Nigeria’s four major international airports. Employees under various unions in the aviation sector vowed to resist ...

Read More »
× Get News Alert