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Marketers Want VAT On Imported Cooking Gas Removed

Oluwasina Phillip The Major Oil Marketers Association of Nigeria has said the imposition of Value Added Tax on imported Liquefied Petroleum Gas, also known as cooking gas, will hamper the adoption of the fuel in the country. The new chairman of MOMAN, Mr Olumide Adeosun, said this during a virtual …

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NNPC Explains How N287bn Profit Was Achieved

Ololade Omosan-Agie Nigeria’s oil industry giant, the Nigerian National Petroleum Corporation, has said that it did not dip its hands into the Federation account to declare N287bn profit in 2020. The State-owned corporation’s, Group Executive Director, Finance and Account, Ajiya Umar, denied the allegation on Friday during Channels Tv ‘Business …

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DPR Hails Kyari For Transforming NNPC

Oluwasina Phillip The Director/Chief Executive Officer of the Department of Petroleum Resources, Sarki Auwalu has hailed the achievements of the Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari since he took over the mantle of leadership in 2019. Auwalu said this when Kyari went on a courtesy …

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Dangote refinery to increase workforce by 17,000 to 57,000

Ololade Omosan-Agie The President and Chief Executive Officer, Dangote Industries Limited, Aliko Dangote has said the construction of the Dangote Petroleum Refinery is a result of his desire to help the Federal Government tackle the issue of petroleum products importation. He also disclosed plans to increase the workforce at the …

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NPDC To Begin Exploration Of Two Oil Wells In North East

The Nigerian Petroleum Development Company(NPDC) has issued a request for expressions of interest (EoI) on the development of two licences in Nigeria’s North-East. The NPDC which is the upstream unit of Nigerian National Petroleum Corporation (NNPC), invited the companies to act as financial and technical providers for an integrated development …

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