Kunle Kalejaye 20 March 2017, Sweetcrude, Lagos — Due to high system frequency of more than 50HZ in Nigeria’s electricity…
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20 March 2017, Sweetcrude, Vienna, Austria — The price of OPEC basket of thirteen crudes stood at $49.36 a barrel…
*NNPC recommissions System 2B petroleum products pipeline network 20 March 2017, Sweetcrude, Lagos — The Nigerian National Petroleum Corporation (NNPC)…
“For the avoidance of doubt and most crucially, it is entirely incorrect and thus false that we are indebted to NNPC in the amount that you have indicated or any other monies whatsoever. The correct position is that we do not owe NNPC the debt that you allege or any monies that can form the subject of the recovery action to which you allude,” the statement noted.
19 March 2017, Sweetcrude, Abuja — The Nigerian government has commenced moves to criminalise the export of unprocessed minerals, with…
The scheme takes off on May 1 for up to six months and will offer a window for those who, before now, have not complied with extant tax regulations to remedy their positions by the provision of limited amnesty to enable voluntary declaration and payment of liabilities.
18 March 2017, Sweetcrude, Lagos — The Naira gained slightly on the parallel market following the Central Bank of Nigeria’s…
18 March 2017, Abuja — A Nigerian court on Friday overturned a request by Nigeria’s financial crimes agency to seize…
“So if the person filling the form puts a wrong name there, we will hold him liable and there will be criminal offences against him for lying and putting the wrong name of somebody who is not the beneficial owner. So it is to fish out those surrogates and to bring out the beneficial owners so that we know who they are, explain how they got their monies to get those licenses. So that is the essence of beneficial ownership.”
“The President believes the people of the Niger Delta deserve justice, and for me also it is a very important point,” he said. “The state of the region and the suffering of the people does not reflect the fact that it is the resource base of the country. In-spite of the past leadership failure, the Niger Delta people deserved a fair deal.”
