A total sum of N 1.203 trillion August 2024 Federation Accounts Revenue has been shared to the Federal Government, States and Local Government Councils in the country. The revenue distribution was announced at the September 2024 meeting of the Federation Accounts Allocation Committee (FAAC), in Abuja. The N1.203 trillion total distributable revenue comprised distributable statutory...
Category: Business
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Public Notice From Federal Ministry of Aviation and Aerospace Development
*-As Civil Servants Celebrate Her Doggedness The Head of the Civil Service of the Federation (HoSF), Dr. Folasade Yemi-Esan, CFR, FNIPR, FOSHA has expressed happiness on the transformations evident in the Civil Servants of our time, such as increased confidence level, articulation and ability to speak out. She admonished them to keep holding their heads...
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NNPCL Foundation Supplies Relief Items To The Borno State Government To Assist Flood Victims.
Relief supplies have been given to the recent flood victims in Borno State by NNPC Ltd. through its Corporate Social Responsibility (CSR) division, NNPC Foundation. L-R: Executive Vice President, Business Services, NNPC Ltd, Mr. Danladi A. Inuwa (who represented the GCEO, Mr. Mele Kyari) and Managing Director, NNPC Foundation, Mrs. Emmanuella Arukwe condole with the...
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NNPC Ltd Releases Estimated Pump Prices of PMS from Dangote Refinery, Based on September 2024 Supply
The NNPC Ltd has released estimated prices of Premium Motor Spirit (PMS), also known as Petrol (obtained from the Dangote Refinery) in its retail stations across the country.The estimated prices are based on negotiated terms between NNPC and Dangote Refinery which recognise the current international gasoline prices and the prevailing foreign exchange rate in line...
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MOULUD : MINISTER GWARZO CHARGES MUSLIMS ON VIRTUES OF PROPHET MUHAMMAD ( SAW)
The Honourable Minister of State for Housing and Urban Development, Abdullahi Tijjani Gwarzo has called on Nigeria’s Muslim to reflect on the teachings of our noble Prophet Muhammad (Peace Be Upon Him) in all our day-to-day activities. The Minister made the charge in his Maulud message marking this year’s commemoration of the birthday of our...
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NNPC Ltd and challenges in the oil sector: Banire misconceives the facts, promotes biased views
By Olufemi Soneye In the face of the challenges in the oil sector, particularly the current tightness in the supply of petrol, it has become fashionable to blame the national oil company, the Nigerian National Petroleum Company Ltd (NNPC Ltd), for everything. Last week, it was Prof. Pat Utomi who railed and fumed at the...
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UNLOCKING AFFORDABLE HOUSING: WALE EDUN LEADS TALKS ON LAUNCH OF MORTGAGE FINANCE FUND
In a significant stride towards making home ownership a reality for millions of Nigerians, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has today in his office in Abuja, convened a high-level meeting to discuss the launch of the Ministry of Finance Incorporated Real Estate Investment Fund (MREIF). This...
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NNPC Ltd/Chevron JV Concludes Conversion of Assets into PIA Terms
…As Partners Eye JV’s 165,000 bopd Oil Production Target by Dec 2024 In line with the Petroleum Industry Act (PIA) 2021 provisions of transiting assets from the Petroleum Profit Tax (PPT) into PIA terms, the NNPC Ltd and its Joint Venture (JV) partner, Chevron Nigeria Ltd (CNL), have concluded the conversion of five of its...
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Free market forces determine PMS prices —NNPC Ltd.
According to the Nigerian National Petroleum Company Limited (NNPC Ltd), one of the main factors affecting the volatility of Premium Motor Spirit (PMS) prices—which are set by the Petroleum Industry Act (PIA) and are subject to unfettered free market forces—has been the lack of liquidity in foreign exchange (forex). The Executive Vice President of Downstream,...
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Housing Minister Orders Immediate Investigation Into Collapse of Kano Building
Arc. Ahmed Musa Dangiwa, Minister of Housing and Urban Development, has expressed regret over the recent building collapse in Kano’s Noman’s Land Quarters and has directed a thorough investigation into the underlying cause of the regrettable event. Remember how a two-story building at Noman’s Land Quarters in Kano State’s Fagge Local Government Area was said...