NNPC LEVERAGES RISING CRUDE OIL PRICE TO BOOST PROFIT

The Federal Government has increased the gas flare penalty from 10 naira per thousand standard cubic feet of gas to 612 naira eight per thousand standard cubic feet of gas. The increase is in the case of any firm that produces 10,000 barrels of oil or more, adding that for anyone producing less than 10,000 […]

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NIGCOMSAT TO OFFER NAVIGATIONAL SERVICES TO AIRLINES

The Federal Government, through the Nigerian Communications Satellite Limited, plans to provide Global Positioning Services to airline operators and other commercial entities, including the Nigerian National Petroleum Corporation. In order to achieve this, the L-Band in the Nigerian Communications Satellite, NigComSat-1R, has been activated and testing of the services will be carried out in the […]

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ASUU CLAIMS GOVERNMENT PLANS TO INTRODUCE 350,000 NAIRA UNIVERSITY TUITION

The Academic Staff Union of Universities has alleged that the Federal Government was taking steps to make students of federal universities pay a minimum of 350,000 naira for tuition fee. Zonal Coordinator of the Academic Staff Union of Universities in Ibadan, Dr Ade Adejumo, disclosed this yesterday. Adejumo said it was important for ASUU to […]

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FEDERAL GOVERNMENT APPROVES 90-DAY SPECIAL WINDOW FOR REGISTRATION OF BUSINESSES

The Federal Government has approved a 90-day special window to register businesses at a reduced rate of 5,000 naira in a bid to further ease the process of registering Micro, Small and Medium Enterprises in the country. Vice-President Yemi Osinbajo, who made the disclosure yesterday in Enugu State, said the special window of 90 days […]

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FEDERAL GOVERNMENT DENIES ISSUING RELOCATION ORDER TO OIL COMPANIES

President Muhammadu Buhari has promised that his administration would continue to place the nation’s security and national interest above the rule of law. President Buhari, who made the declaration at the 2018 Annual General Conference of Nigerian Bar Association, NBA, in Abuja, over the weekend, said his government adopted the stance on the basis of […]

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