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FG offers Shell $11.50 per barrel tax credit to unlock $20bn Bonga Deepwater project

FG offers Shell $11.50 per barrel tax credit to unlock $20bn Bonga Deepwater project

Udeme Akpan with Agency Report The Federal Government has approved an enhanced production-linked tax credit of $11.50 per barrel for Shell Plc and its partners in a move aimed at unlocking the long-delayed Bonga Southwest Aparo deepwater oil project, a development expected to attract about $20 billion in foreign direct investment (FDI) into Nigeria. The […]

Dangote Refinery shields Nigerians from global fuel price shock – S&P

Dangote Refinery shields Nigerians from global fuel price shock – S&P

…competitive pricing protects consumers from import driven increasesBy Udeme AkpanDangote Petroleum Refinery & Petrochemicals continues to shield the Nigerian market from external price shocks, maintaining stable domestic fuel prices within a commercially acceptable range despite rising international gasoline prices, higher freight rates and tightening global supply conditions that are increasing costs for fuel importers across […]

Police arrest Asaba content creator over alleged rape, death of 20-year-old

Police arrest Asaba content creator over alleged rape, death of 20-year-old

By Egufe Yafugborhi & Ochuko Akuopha ASABA — The Delta State Police Command has arrested Asaba-based content creator, Ifeanyi Ogbonna, 40, popularly known as “Odogwu of Asaaba,” over the alleged rape of a 20-year-old woman, Favour Agbro, who police said later died after ingesting a toxic substance. The Command’s Police Public Relations Officer, SP Bright […]