The Senate hinged the decision to suspend the concession as result of motion sponsored by Senator Sabo Mohammed
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The main index marked its third consecutive day of gains, closing up 2.95 per cent at 27,546 points, a level last seen in October 2016
Apart from the fact that the Senate said it paid $298,000 for the Jeep, which it said was a far cry from the N298 million initially quoted by the media, two statements by the Senate on Tuesday introduced more inaccuracies into the controversy
The News Agency of Nigeria reports that the All-Share Index gained 17.82 points, representing a growth of 0.07 per cent, to close at 25, 340.02 against 25,322.20 achieved on Thursday
Announcing the results on its Website, the Group General Manager, Crude Oil Marketing Division NNPC, Mele Kyari, said the contract would run for one year effective from January 1 for consecutive 12 circles of crude oil allocation
With the development, the supply of 300,000 barrels of crude per day to Bonny Export Terminal in Rivers State has been affected
The officers of the RRS busted the station and caught the station’s attendants selling fuel to people with Jerry can while many other car users only lined up without any hope of buying fuel at the station
They also authorised the company’s directors to appoint professional advisers and other parties to the transactions
The statement said the NSE was reviewing the situation regarding the delayed filing of the company’s AFS for 2014 financial year, first quarter and half years of 2015.
The News Agency of Nigeria reports that Oando had in March 2003 sued FIRS for refusing to amend its assessment on company income tax and education tax for the year 2004
In a unanimous agreement, the shareholders authorised the company’s board to reorganise or divest any of its equities and investments in the sub-sector
ConcoPhilips Oil Company Limited holds 20 per cent non-operating interest in Oil Mining Leases 60, 61, 62, and 63 as well as related infrastructure and facilities in the Nigerian Agip Oil Company Joint Venture Limited.
Oando said the debt is part of a $1.2 billion facility it approved for its subsidiary in February to help finance the acquisition of ConocoPhillips Nigerian assets
Tinubu said this in Lagos at a meeting with the stockbrokers at the Nigerian Stock Exchange to explain its stance on former Governor James Ibori’s alleged ownership of 30 per cent in the company
Williams said that the new stations, which will be a one-stop shop, would be located in Lagos, Abuja, Port Harcourt and other major cities in the East, North and West