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How I Saved $12,000 in a Year Without a Fancy Salary (And You Can Too)

on April 14, 2025

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7 Everyday Habits That Are Secretly Making You Broke (And How to Fix Them)

on April 12, 2025

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Peter Mbah Receives Honorary Doctorate from Bamidele Olumilua University

on March 09, 2025

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Nigerian Government Forfeits $577.6M in Tax Revenue to NNPCL Under Road Infrastructure Scheme

on March 09, 2025

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Popular Posts

Nigeria Approves Three New Refineries to Boost Domestic Production

Nigeria's authorities approved three refinery construction projects that will enhance the nation's processing capabilities up to 140,000 barrels daily. NMDPRA provided confirmation of approvals for these new refineries which will be built in important states of the nation. Eghudu Refinery Ltd obtained government approval to build a 100,000 barrels per day (bpd) refinery facility in Edo State alongside Delta State-based MB Refinery and Petrochemicals Company Ltd operating with a 30,000 bpd capacity. A 10.000 barrel per day capacity refinery was authorized for HIS Refining and Petrochemical Company Ltd in Abia State. Recent approvals have succeeded in reviving Nigeria’s refining sector according to new developments. The Government of Delta State issued MRO Energy Limited a license this year to construct a refinery which will process up to 10,000 barrels per day. The number of refineries functioning in Nigeria alongside those with operational licenses now a...

Peter Mbah Receives Honorary Doctorate from Bamidele Olumilua University

At an event governed by Bamidele Olumilua University of Education, Science, and Technology Ikere-Ekiti Peter Ndubuisi Mbah received the honorary position of Doctor of Humane Letters. Mbah showed his appreciation to the Governing Council along with Senate for the recognition which he believed strengthened his dedication to governance values for Enugu State. The governor acknowledged graduates at their first convocation event to explain that university completion opens an exciting new life chapter. He requested them to preserve university honor with respect and maintain strong connections as university graduates. Vice-Chancellor Professor Olufemi Victor Adeoluwa along with Chancellor Chief Wole Olanipekun and Pro-Chancellor Professor Patrick Oladipo Aina and Ekiti State Governor Biodun Oyebanji received praise from Mbah because of their work in educational advancement. The education commitment of Enugu became clear when he pointed out programs such as Smart Green Schools which integrate ...

Nigerian Government Forfeits $577.6M in Tax Revenue to NNPCL Under Road Infrastructure Scheme

From February to December 2024 the Nigerian National Petroleum Company Limited (NNPCL) received $577.6 million in tax revenue benefits through the Road Infrastructure Tax Credit Scheme from the Federal Government of Nigeria. The Federation Account Allocation Committee (FAAC) Post-Mortem Report for February 2025 revealed that $52.5 million deductions were made each month from Federal Inland Revenue Service (FIRS) Joint Venture Gas Company Income Tax which resulted in the total amount accumulated by December. Through Executive Order 007 of 2019 the government established the Road Infrastructure Tax Credit Scheme which permits private entities to fund road construction in exchange for tax benefits to decrease public spending on infrastructure. NPCL and the Federal Ministry of Finance continue talks about executing the final implementation steps despite FAAC members expressing worries about the deductions. Members of FAAC recommended at their Aug...

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