BUSINESS

 Nigeria’s Oil, Gas Industry is i a much better place – Shell MD, Osagie Okunbor

Daily Dispatch October 18, 2024

The Managing Director of Shell Petroleum Development Company Limited (SPDC) and Chairman of Shell Companies in Nigeria, Osagie Okunbor, shared an optimistic outlook on the future of Nigeria’s oil and gas industry during a panel session at the just concluded Nigeria Economic Summit in Abuja.

BUSINESS

Despite FG’s directive, NNPC Still Sole Dangote Petrol Buyer – Marketers

Daily Dispatch October 17, 2024

The Nigerian National Petroleum Company Limited is still the sole off-taker of Premium Motor Spirit, popularly called petrol, from the Dangote Petroleum Refinery despite the recent directive of the Federal Government that other oil marketers were free to start loading PMS from the plant. Oil marketers revealed on Wednesday that NNPC would continue to be […]

BUSINESS

Tax Increase: FIRS would rather reduce, than increase – Adedeji allays fears

Daily Dispatch October 16, 2024

The Federal Inland Revenue Service, FIRS, has allayed fears over tax reforms that would lead to new taxing systems, stating the revenue agency was not planning new taxes. Chairman of FIRS, Zacch Adedeji, stated this at an interactive session with the Senate Committee on Finance at the National Assembly Abuja on Tuesday. Reacting to a […]

BUSINESS

Shell investing $5 billion in deep water- Osagie, says company remain in Nigeria

Daily Dispatch October 16, 2024

Shell not leaving Nigeria, investing more in deepwater — Osagie Managing Director, Shell Petroleum Development Company and Chair, Shell Companies in Nigeria, Mr. Osagie Okunbor on Tuesday insisted the company is not leaving Nigeria despite moves to divest its onshore assets. Okunbor who disclosed this during a high-level panel session at the ongoing Nigeria

BUSINESS

Dangote meets marketers over new petrol price

Daily Dispatch October 15, 2024

The Independent Petroleum Marketers Association of Nigeria is poised for talks with Dangote Petroleum Refinery between Tuesday and Wednesday to finalise agreements on the cost and lifting of petrol from the plant. It was learnt on Sunday that the Petroleum Retail Outlet Owners Association of Nigeria had been asked by the $20bn Lekki-based refinery to […]

BUSINESS

More fuel hardship Imminent as marketers down tools

Daily Dispatch October 11, 2024

The Independent Petroleum Marketers Association of Nigeria has threatened to stop operations nationwide following the high cost of Premium Motor Spirit, popularly known as petrol, sold to IPMAN members by the Nigerian National Petroleum Company Limited. IPMAN revealed on Thursday that the cost of petrol from the Dangote Petroleum Refinery to NNPC was about N898/litre, […]