Nigeria:Senate Flays Presidency, Fuel Marketers Seek Tax Holiday

[Guardian] The Senate yesterday condemned reports attributed to President Muhammadu Buhari’s Chief of Staff, Abba Kyari, suggesting that the failure to pay subsidy debts owed oil marketers was due to the chamber’s refusal to approve a loan request.

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Nigeria:Ghost Companies Lift U.S.$3.5 Billion Crude Oil

[Daily Trust] Some indigenous companies not registered by the Corporate Affairs Commission (CAC) have lifted Nigerian crude oil grades valued at U.S.$3.5 billion (about N1.1 trillion) in the last 10 months, an investigation by Daily Trust on Sunday has shown.

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Nigeria:Fuel Scarcity Continues Despite Govt Order

[Premium Times] Despite last Wednesday’s directive by the Federal Executive Council, FEC mandating the Minister of State for Petroleum, Ibe Kachikwu, to bring an end to the fuel crisis across the country before last weekend, latest PREMIUM TIMES update shows the situation is far from abating.

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Nigeria:Alison-Madueke ‘Used Fictitious Persons to Acquire Multi-Billion Naira Assets’

[Premium Times] A Lagos Division of the Federal High Court on Tuesday ordered a temporary forfeiture of two properties valued at $4.7 million (about N1.5 billion) allegedly belonging to Diezani Alison-Madueke, the former Petroleum Minister.

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