The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has revealed that the country’s bold initiative to sell crude oil to local refiners, who then sell petroleum products in Naira, is yielding positive results. Mr Edun disclosed this at a meeting with President Bola Tinubu on Tuesday. He said this initiative, made … Read more
Nigeria’s Minister for State, Petroleum Resources (Oil), Heineken Lokpobiri, on Monday convened a high-level meeting with top executives from Dangote Group, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and the Nigerian National Petroleum Company Limited (NNPC Ltd) to address the ongoing issues surrounding the Dangote Refinery. … Read more
Agora Policy, an Abuja-based policy think tank, has called for a comprehensive overhaul of Nigeria’s revenue collection system. In a report it published on Monday, the policy think tank criticised the current cost-of-collection approach, highlighting its inefficiencies and the disproportionate financial benefits enjoyed by some federal agencies. The report shows that three key agencies benefit … Read more
