AGS NEWS – Oil companies are purchasing refined Automotive Gas Oil (diesel) from illegal refineries in various Niger Delta communities, according to Tantita Security Services Nigeria Limited. This claim was made on Monday during the Nigeria Oil and Gas Energy … Continue reading Tantita security alleges oil companies patronize illegal refineries
An analysis of the latest monthly figures regarding overbilled customers shows that power distribution companies overbilled approximately 7.1 million unmetered electricity consumers between January and September 2023. The Nigerian Electricity Regulatory Commission (NERC), a Federal Government agency, issued Regulatory Interventions … Continue reading Power distribution companies overbill 7.1 million customers in nine months – FG
The Corporate Affairs Commission (CAC) is poised to delist 91,843 companies for non-compliance with the filing of annual returns. The commission, which initially published a list of 94,581 companies in August, reduced the number to 91,843 in its recent update. … Continue reading CAC set to delist over 91,000 companies for infractions
In the wake of a 68.55 percent decline in the value of the naira against the dollar by the end of September 2023, eight prominent firms have collectively declared a staggering N918.1 billion in currency revaluation losses. This significant downturn … Continue reading Eight companies report N918.1 billion loss in currency revaluation
During the Russia-Africa Summit and Russia-Africa Economic and Humanitarian Forum in St. Petersburg, Russian President Vladimir Putin announced that his country would offer preferential loans to enable African companies to purchase industrial goods from Russia and benefit from after-sales services. … Continue reading Russia unveils plans for special loans to Nigerian companies and others
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