Business

TINUBU SIGNS TAX REFORM BILLS INTO LAW President Bola Tinubu has signed four tax reform bills into law, signalling what he described as a bold new era of economic governance in the country. The President signed the bills in the presence of principal officers of the National Assembly, including Senate President, Godswill Akpabio, Speaker of the House of Representatives, Tajudeen …

FG, DANGOTE STRIKE DEAL TO CUT DOWN FUEL PRICES The Nigeria Export Processing Zones Authority (NEPZA), the One-Stop-Shop Committee on the Sale of Crude in Naira, and the Dangote Refinery & Petrochemicals Free Zone Enterprises have jointly pledged their commitment to comply with the presidential directive on reducing the domestic prices of petroleum products The Bureau Newspaper reports. This move …

PROTESTERS OCCUPY AGF, ICPC, CCB OFFICES, DEMAND PROBE OF NMDPRA BOSS OVER ALLEGED $5BN SCANDAL Protesters from the Situation Room for Oil Sector Reforms on Monday occupied the offices of the Attorney-General of the Federation (AGF), Independent Corrupt Practices and Other Related Offences Commission (ICPC), and Code of Conduct Bureau (CCB) in Abuja, demanding the immediate resignation of Engr. Farouk …

TRANSPARENCY INTERNATIONAL DEMANDS THOROUGH PROBE OF MISSING N210TRN NNPCL FUNDS Again, the financial transparency of the Nigerian National Petroleum Company Limited is under public scrutiny over missing N210 trillion in its 2017-2023 audited financial statements. On Wednesday last week, at a session of the Senate Committee on Public Accounts chaired by Aliyu Wadada, the Nigerian public was blown open to …

MARKETERS HIKE FUEL PUMP PRICE IN ENUGU The pump price of fuel has gone up again in Enugu. Until recently, petroleum marketers reduced the pump price of fuel, a development that brought reprieve to the masses. Before the recent increments, our exclusive investigations revealed that almost all the marketers were selling fuel at between N900 and N910 per litre. But …

IBM SACKS 8,000 EMPLOYEES TO REPLACE THEM WITH IBM laid off 8,000 employees to replace them with AI—what they didn’t expect was having to rehire as many due to AI In 2023, IBM made headlines with the announcement of nearly 8,000 layoffs, primarily from support roles such as Human Resources. The goal? To replace these workers with artificial intelligence (AI), …

IRAN-ISRAEL WAR: PETROL NEARS N1,000/L IN NIGERIA, MARKETERS PREDICT FURTHER HIKE Filling stations across the country have adjusted the pump price of premium motor spirit (PMS), otherwise known as petrol, with a litre sold at almost N1,000 across the country, Daily Trust can report. This followed the recent increase in the price of crude oil on the global market, triggered …

NNPCL SPOKESPERSON, SONEYE RESIGNS, GIVES REASON The spokesperson of the Nigerian National Petroleum Company Limited, NNPCL, Olufemi Soneye, has resigned. Soneye disclosed this in a statement made available to DAILY POST on Saturday. He said he would no longer be the spokesperson for the oil giant, as he had “stepped aside from his role as Chief Corporate Communications Officer of …

PETROL MARKETERS INCREASE FUEL PRICES Nigeria’s petroleum product marketers and filling station owners have increased the price of Premium Motor Spirit, DAILY POST reports on Friday. Correspondent who visited major filling stations in the Federal Capital Territory, Abuja, on Friday, gathered that members of the Independent Petroleum Marketers Association of Nigeria, IPMAN, had hiked their fuel prices by between N35 …

SENATE UNCOVERS N220M DISCREPANCY IN NNPCL ACCOUNT The Nigerian Senate has uncovered a staggering ₦210 trillion discrepancy in the audited financial statements of the Nigerian National Petroleum Company (NNPC). Lawmakers are demanding clarification and accountability, raising concerns over transparency and financial management within the state-owned oil giant. Senate Raises The Alarm Over ₦200trn ‘Unaccounted Funds’ In NNPC Coffers The Senate …