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PETROAN Rules Out Strike, Seeks Dialogue Over ₦100bn Bridging Claims

The Petroleum Retailers Outlet Owners Association of Nigeria (PETROAN) has assured the public that its members will not suspend operations despite an ongoing dispute with the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) over outstanding bridging claims. Speaking after an emergency national executive meeting in Abuja on Tuesday, PETROAN’s National Public Relations Officer, Dr […]

Senator Akpoti-Uduaghan Sues Akpabio Over Defamation, Seeks ₦100bn Damages

Senator Natasha Akpoti-Uduaghan has filed a lawsuit against Senate President Godswill Akpabio, alleging defamation. The suit was lodged at the Federal Capital Territory High Court on Tuesday, with Akpabio and his senior legislative aide, Mfon Patrick, listed as the second and third defendants, respectively. In the filing, Senator Akpoti-Uduaghan, through her lawyer, Victor Giwa, referenced […]

Judge to Rule on Emefiele’s Recusal Request Amid Bias Allegation

A Special Offences Court sitting in Ikeja, Lagos, has adjourned proceedings until Wednesday, 26 February, to rule on whether the trial of former Central Bank Governor, Godwin Emefiele, will proceed under the current judge. Justice Rahman Oshodi deferred his ruling after Emefiele’s counsel, Senior Advocate of Nigeria (SAN) Olalekan Ojo, requested that the judge recuse […]

ACF Canvasses Retention of 7.5% VAT, Proposes Key Tax Amendments

The Arewa Consultative Forum (ACF) has recommended the retention of the 7.5% Value Added Tax (VAT) rate in the proposed Tax Reform Bills. In a detailed submission to the National Assembly, the ACF outlined its observations and recommendations on the Executive Tax Reform Bills, which aim to overhaul Nigeria’s tax laws significantly. The recommendations stem […]

Senate Holds Public Debate on Nigeria’s Tax System Overhaul

The Senate has commenced a two-day public hearing on proposed tax reform bills, bringing together key stakeholders from the nation’s economic and financial sectors. Among those in attendance are the Minister of Finance and Coordinating Minister of the Economy, Wale Edun; the Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji; the Group Chief […]

Dangote Refinery Holds N600bn Fuel Stockpile, Vows Market Stability

The President of Dangote Industries Limited (DIL), Aliko Dangote, has disclosed that his company’s petroleum refinery has over N600 billion worth of petrol in storage, sufficient to meet Nigeria’s domestic demand. Dangote’s statement counters that of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), which recently claimed that only 50 per cent of the […]

NAFDAC to Critics: Our Crackdown Protects Lives, Not Business

The National Agency for Food and Drug Administration and Control (NAFDAC) has justified its recent crackdown on counterfeit drugs across Nigeria, dismissing allegations that its actions are anti-business. NAFDAC has conducted multiple raids on markets and shops selling fake medications, sparking criticism from some quarters. However, the agency’s Director-General, Mojisola Adeyeye, has maintained that the […]

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