NNPC Begins 24-Hour Services at Depots, Petrol Stations

By Adedapo Adesanya Ultrasonic sensing technology company, Fluenta, has completed work on the Dangote Refinery in Nigeria, Africa’s biggest oil refinery, installing 18 ultrasonic flare gas meters on large pipelines around the plant. This company is using its technology to aid Nigeria’s flare gas reduction efforts and with Dangote Refinery set to begin operations soon, according to its management recently, this could be a step to fix inaccurate measurements of gas flaring. Nigeria currently imports refined petroleum products for its use, even though it is Africa’s biggest oil producer and with Dangote Refinery, the world’s largest single-train refinery capable of

Forex trading is an exciting and money-making venture, whether you do it as a hobby or a full-time job. In this article, Traders Union (TU) experts will talk about becoming a full-time trader and its advantages and disadvantages. They will also explain how much you can earn. Main steps to become a full-time trader So how to become a full-time trader? There are different options. TU’s analysts will explain each one: Forex prop company Pros: Access to funding: you can get funding from the company to increase your capital. Zero risk: your risk is low because the company provides the

By Aduragbemi Omiyale Mr Tokunbo Akande, the Special Adviser to the Executive Chairman of the Lagos State Internal Revenue Service (LIRS), Mr Ayodele Subair, has waded into the controversies surrounding stamp duty. The Federal Inland Revenue Service (FIRS) and the Nigerian Postal Service (NIPOST) have been at loggerheads at to which of them should collect the revenue charged on financial transactions in the country. Mr Akande, while commenting on the matter, described stamp duty as ‘a revenue stamp and not a postage stamp.’ While featuring as a guest on The Tax Talk programme on Channels Television recently, he emphasised that

By Dipo Olowookere The Nigerian Exchange (NGX) kicked off the first trading session in the last week of the third quarter of the year on a negative note, with the key performance indices going down by 0.66 per cent on Monday. This was partly caused by the reaction of investors to the 30 Kobo interim dividend declaration of the board of Access Holdings Plc. A few days ago, its peer, UBA Plc, raised its interim dividend payment by 150 per cent to 50 Kobo and it was expected that Access Holdings would follow the same path. However, the company disappointed

By Dipo Olowookere The residents of Tsaunin Kura (Sabo GRA) in Kaduna State have appealed to the Speaker of the Kaduna State House of Assembly, Mr Yusuf Ibrahim Zailani, to fulfil the promise he made to them concerning the deplorable state of their roads. In 2020, precisely on Monday, November 30, 2020, Mr Zailani had assured residents of the area that he was going to facilitate the rehabilitation of the roads in the first quarter of 2021. He made this pledge when the late president of the Tsaunin Kura GRA Residents Association, Mr Silas Adamu, paid him a courtesy visit.

By Adedapo Adesanya A Federal High Court sitting in Lagos on Tuesday ordered the permanent forfeiture of the 2,149 pieces of jewellery and a customised gold iPhone, valued at $40 million, recovered from the Abuja home of Mrs Diezani Alison-Madueke, a former Minister of Petroleum Resources. In Tuesday’s ruling, Justice Nicholas Nicholas Oweibo held that Mrs Alison-Madueke, through her lawyer, Mr Awa Kalu (SAN), failed to give a concrete reason why the items should not be permanently forfeited to the Federal Government. The Economic and Financial Crimes Commission (EFCC) had told the judge that the jewellery and iPhone were reasonably

By Ahmed Rahma The healthcare delivery system in Nigeria is about to get better with the entry of Evercare Group into the nation’s health sector. The company has already acquired state-of-the-art medical facilities for the provision of quality healthcare in the country and stop medical tourism abroad through the Evercare Hospital Lekki. Business Post gathered that the Evercare Hospital Lekki, a private multispecialty tertiary care facility, boasts of 165 beds for in-patients. The management of the facility said it produces 2.3 million litres of oxygen for each bed per day. The facility will offer exceptional patient care and high-quality, accessible

By Dipo Olowookere The currency market received a boost on Monday when the Central Bank of Nigeria (CBN) released another $210 million into the interbank segment of the market. A statement issued by spokesman of the apex bank, Mr Isaac Okorafor, explained that the intervention was part of efforts to sustain the flow of forex in the market. He said from the $210 million released by the country’s chief lender, $100 million was given to the wholesale market, while $55 million allotted to the small businesses, and $55 million went to the invisibles, which cover school fees, travels, and medical

By Dipo Olowookere A significant update has been launched into the popular new Nike+ Run Club app. This was done by Nike Inc. on Tuesday, August 23, 2016. The app gives athletes access to a new adaptive coaching feature, expert guidance from the world’s best athletes and coaches and unrivalled motivation and community, all designed to make running easier and a lot more fun. “Through the new Nike+ Run Club app, we’re serving a running community that spans the globe with the most innovative and personalized experiences we’ve ever offered to runners,” said Nikki Neuburger, VP, Global Running Brand. “We’ve

By Dipo Olowookere Director General of the Debt Management Office (DMO), Ms Patience Oniha, on Friday disclosed that another Green Bond would be issued to fund some capital projects in the 2018 budget signed into law recently by President Muhammadu Buhari. However, the debt office chief did not disclose when this exercise would be carried or how much would be raised from the offering. “It should be for the borrowing of this year, we can’t give you a figure. We have already asked the federal ministry of environment to work towards it,” Ms Oniha said at the listing ceremony of

By Modupe Gbadeyanka The Lagos State Internal Revenue Service (LIRS) has extended the deadline for filing annual tax returns by residents of the metropolis. The deadline was extended by the agency for two weeks, a statement disclosed, noting that the new date is Wednesday, April 14, 2021. Individuals living in Lagos were earlier given till Wednesday, March 31, 2021, to file their annual tax returns but the LIRS explained that it decided to shift it forward in furtherance of the commitment to continuously mitigate the effect of the COVID-19 pandemic on taxpayers in Lagos State. “Statutorily, the filing of individual

By Modupe Gbadeyanka The duo of Miss Elah Ajene of Nigeria Tulip International School, Abuja; and Prosper Okarike of Graceland International School, Port Harcourt have emerged winners of the DStv Eutelsat Star Awards competition for 2017. The contest was organised by MultiChoice, the parent company of DStv, the popular payTV firm in Africa. The winners were announced after a two-day adjudication process with Miss Ajene emerging winner in the essay category, while Okarike came top in the poster category. The awards are part of efforts by MultiChoice to promote science and technology education in Nigeria. Managing Director of MultiChoice Nigeria,