Tag: 2023

How NNPCL’s N2.1tn Dividend, N2.6tn Tax’ll Lessen FG’s Financial Burden – Chukwu

Aliyu Aliyu

‘Historic profit before tax of N5.98tn,’ Cowry Assets’ CEO underscores key points in NNPCL 2023 financial books     The Chief Executive Officer of Cowry Assets Management Ltd, Jonhson Chukwu has said that the dividend and taxes paid by the Nigerian National Petroleum Company Ltd will reduce the financial burden of the federal government. Chukwu said this in response to the record performance of the state-owned company after it released its financial accounts for 2023. It has been reported that the company made N3.297tn net profit for 2023 which surged…

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Shell Posts $6.2bn Earnings In Q3, 2023

Ganiyu Amodu

British oil giant Shell on Thursday reported $6.2 billion profit for the third quarter, roughly in line with estimates, as the company benefited from higher oil prices and refining margins. Analysts expected adjusted earnings of $6.48 billion, according to an LSEG-compiled consensus. Profit was higher than the $5.1 billion of the second quarter, but marked a sharp decline from the $9.45 billion reported a year ago, when the Russia-Ukraine conflict bolstered oil and gas prices. READ ALSO No Going Back On Overhaul Of DisCos’ Structure, Coverage – Nigerian Govt 2.6…

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N25K Increment In Salary, Others; Key Points In Tinubu’s Oct 1 Speech

Ganiyu Amodu

  “Those who want Nigeria torm apart are forever mistaken;” This and all that Tinubu said to Nigerians in I,373 words   ADDRESS BY HIS EXCELLENCY, PRESIDENT BOLA AHMED TINUBU, GCFR, PRESIDENT AND COMMANDER-IN-CHIEF, FEDERAL REPUBLIC OF NIGERIA IN COMMEMORATION OF THE 63RD INDEPENDENCE ANNIVERSARY OF NIGERIA ON SUNDAY, 1ST OCTOBER, 2023 Dear Compatriots, It is my unique honour to address you on this day, the 63rd anniversary of our nation’s independence, both as the President of our dear country and, simply, as a fellow Nigerian. 2. On this solemn…

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Shell Reports $9.6Bn Adjusted Earnings In Q1, 2023

ADEOLA YUSUF

Oil major, Shell  has reported an adjusted earnings of $9.6bn in the first quarter of 2023, with more cash on the way for shareholders. Total distributions from the energy giant to its holders during Q1 totalled $6.3bn, drawing criticism of the firm amid the cost-of-living crisis. Shell announced today a further $4bn of share buybacks, to be completed by the second quarter of the year, which follows another $4bn announced in Q4 which is now completed. READ ALSO: WAEC Announces Date For Commencement Of 2023 Examination Some Little Details You Did…

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Lagos Chief Judge To Preside As CALEB Varsity Holds Inaugural Law Dinner

Ganiyu Amodu

The College of Law, Caleb University, Lagos, under the Chairmanship of Honourable Justice Kazeem Alogba, the Chief Judge of Lagos State, holds her Inaugural Law Dinner, themed ‘Character and Integrity’, on 10th February, 2023, at the Lagos Marriott Hotel, Ikeja. The Honourable Chief Judge would lead other distinguished members of the legal community in a procession and the inaugural Law Dinner of the Institution. According to a Press Statement by Olawale Adekoya, Information, Media and Publication Specialist, “the evening provides the opportunity to network during time set aside for a…

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Lagos Declares Tuesday Jan. 24 To Friday 27 Work-Free Days

ADEOLA YUSUF

Full statement by Head of Service on why Lagos civil servants shouldn’t work for four days   The Lagos State Government has declared Tuesday, 24th January to Friday, 27th January as work-free days. The holiday is for public servants in the state to collect their Permanent Voter Cards (PVC) at their respective local government/local council development areas in the state. READ ALSO Pele Named Secret Daughter In His Will 17 Yrs After She Died Heartbroken YAKUTSK: The World’s Coldest City Is Currently At -50 Degrees Celsius + PHOTOS Policewoman Sleeps…

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Nigeria Begins Deep Offshore Oil Blocks’ Mini-Bid Round

ADEOLA YUSUF

Here is the list and details of the oil blocks on offer – NUPRC   The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the commencement of the 2022 deep offshore mini-bid round, promising that the process would be transparent and competitive. The Seven blocks on offer, are Blocks PPL-300-DO, PPL-301-DO and PPL-302-DO are located in the Nigerian Transform Margin area. Blocks PPL-303-DO, PPL-304-DO, PPL-305-DO and PPL-306-DO are within the deepwater Niger Delta Basin. According to a statement issued on Wednesday and signed by the commission’s Chief Executive, Gbenga Komolafe,…

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