Kyari mourns Festus Marinho, pioneer MD of NNPC …Says His Achievements Will Be Beacon of Inspiration for Generations The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has lamented the death of the pioneer Managing Director of the Corporation, Chief Festus Remi Ayodele Marinho. A press release by the Group
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Afreximbank will facilitate payments by providing advance procurement commitment guarantees of up to US$2 billion to the manufacturers on behalf of the Member States Following the announcement by the African Union Chairperson, President Cyril Ramaphosa on the 14th of January 2021 that the African Union has secured a provisional 270 million COVID-19 vaccine doses for
Especially in times of crisis, legal departments question their cooperation with external law firms and look for flexible, efficient and timely solutions for legal issues The corona pandemic is causing turmoil worldwide and has had a massive impact on economic activity. Internal legal departments are therefore facing new challenges. On the one hand, companies are
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IGR: How FG tax revenue rises to N4.9trn The Federal Inland Revenue Service (FIRS) said it collected N4.952 trillion in total tax revenue in the year 2020. In a statement obtained by The Daily, http://www.thedaily-ng.com, FIRS’ Director of Communications and Liaison, Mr. Abdullahi Ahmad, said that the figure represented approximately 98 per cent of the national tax
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Cooking gas consumption in Nigeria rises by 60.5% — PPPRA The Petroleum Products Pricing Regulatory Agency, PPPRA, said over one million metric tonnes (mt) of Liquefied Petroleum Gas was consumed in 2020. In a statement obtained by The Daily, http://www.thedaily-ng.com, the Executive Secretary, Abdulkadir Saidu, disclosed that 840,594.37 MT of LPG was consumed in 2019, thus indicating an
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Transport fare in Nigeria rises in December 2020 despite a drop in petrol price — NBS Despite the drop in petrol price, transport fare for bus, motorcycle, air, and waterways journeys have increased in December 2020. According to the National Bureau of Statistics (NBS), the average price paid by consumers for premium motor spirit
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Nigeria’s Net forex inflow drops by 26% to $3.87bn — CBN Net foreign exchange (forex) inflow into Nigeria’s economy dropped by 26 percent, month-on-month to $3.87 billion in October from $5.23 billion in September last year. The decline was driven by an 11.9 percent drop in foreign exchange inflow caused by 39.6 percent and
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First ever international virtual exhibition for Madinah dates organised under Aid for Trade Initiative for Arab States (AfTIAS) Under the patronage of HRH Prince Faisal bin Salman bin Abdul Aziz Al Saud, Governor of the Madinah Province, the Madinah Chamber of Commerce and Industry (MCCI), in cooperation with the Islamic Development Bank Group (IsDBG), the
$1.1bn OML 17 investment to benefit FG, communities, Nigeria’s economy — TNOG THE $1.1 billion Oil Mining License, OML 17 deal undertaken by TNOG Oil and Gas Limited, a related company of Heirs Holdings and Transcorp would be beneficial to the Federal Government, communities and the entire nation’s economy. Chief Finance Officer, TNOG, Samuel
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OPEC Daily Basket – January 19, 2021 OPEC daily basket price stood at $54.85 a barrel Tuesday, 19 January 2021, compared with $53.92 the previous day https://www.opec.org/opec_web/en/press_room/6291.htm
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