Tag - buhari

PUNCH PH, Warri refineries now producing petrol – Kachikwu The Minister of State for Petroleum Resources and Group Managing Director, Nigerian National Petroleum Corporation, Dr. Ibe Kachikwu, has announced that the Port Harcourt Refining Company and the Warri Refining and Petrochemical Company are now producing a combined volume of seven million litres of petrol daily.[Read More…] …

  THISDAY Crude Theft: FG Sues IOCs over $12bn Missing Oil Revenue In a move interpreted by industry watchers as a major step by the Muhammadu Buhari administration to curb the menace of oil theft in the country, the federal government has instituted civil suits against international oil companies (IOCs) operating in the country in …

PUNCH Again, Buhari rejects calls for naira devaluation President Muhammadu Buhari has again rejected calls by the International Monetary Fund to lift foreign exchange restrictions and allow a more flexible exchange rate for the naira.[Read More…] Investment inflow into Nigeria drops by N2.3tn Over the past three years, the flow of investment into the country has …

PUNCH Set limit to govt borrowing, FRC urges Buhari The Fiscal Responsibility Commission has urged President Muhammadu Buhari to set a ceiling on the level of debts that can be accumulated by any of the three tiers of government.[Read More…] FG spends N2.7tn on power in 16 years The Permanent Secretary of the Ministry of …

VANGUARD Buhari approves 65 licences for private refineries President Muhammadu Buhari has granted licences to 65 Nigerian companies to construct modular refineries..[Read More…] DAILY TRUST Low oil price: Nigeria’s revenue drops by N2.2tr in 6 months The value of Nigeria’s export of crude oil dropped by N2.2 trillion in the first half of 2015, a …

THISDAY 2016 Budget: Senate Frets over FG’s Unpreparedness to Submit MTEF The Senate is becoming uncomfortable with the perceived unpreparedness of the Muhammadu Buhari administration to submit to the National Assembly the Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Policy (FSP) ahead of the presentation of the 2016 budget.[Read More…] Ban Ki-moon Asks Buhari …

PUNCH Senate seeks abolition of fixed electricity charges The Senate on Tuesday directed the National Electricity Regulatory Commission to abolish the monthly fixed charges being collected from electricity consumers by the distribution companies.[Read More…] Reps summon CBN gov over dollar deposits The House of Representatives on Tuesday summoned the Governor of the Central Bank of …