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By Bassey Udo  The Federal Government has no plans to sell the Transmission Company of Nigeria (TCN), the Bureau of Public Enterprises (BPE) has said.  The privatization agency was reacting to media reports that the government was currently gearing up to put the company for sale.  The TCN is the…

By Bassey Udo The Petroleum Industry Act (PIA) enacted by President Muhammadu Buhari last August after almost two decades of waiting holds the key to new investments to realise the global energy transition agenda, Minister of State for Petroleum Resources, Timipre Sylva, has said. Sylva was speaking on Wednesday at…

MEDIATRACNET About 50 winners who emerged as instant Millionaires in the Dangote Cement Plc. Consumer Promo Bag of Goodies 3 who emerged in the Northeast region, along with 10 others from the South-West were celebrated and presented with their prizes by the company on Thursday. At Winner’s event attended by…

By Bassey Udo Outsourcing the collection of taxes due to the Federal Government or any of its agencies to consultants and concessionnaires is infringing on the mandate of the Federal Inland Revenue Service (FIRS), government Ministries, Departments and Agencies of Government (MDAs) have been told. The tax agency in a…

MEDIATRACNET The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Tuesday reported a gas leak incident on the Nigerian Petroleum Development Company’s (NPDC), Well 6, in Sangama community, Bonny Local Government Area of Rivers State. The Commission Chief Executive, Gbenga Komolafe, said who issued a statement on the incident said efforts…

By Bassey Udo From a total of about $10.32 billion as of June 30, 2015, Nigeria’s total foreign debt stock under President Muhammadu Buhari administration has climbed by about 288.6 percent to about $40.1 billion, latest data by the Debt Management Office (DMO) have shown. Similarly, domestic debt, which stood…

By Bassey Udo The Nigerian Upstream Petroleum Host Communities Development Regulations has been published in the Federal Government Gazette, the upstream petroleum industry regulator has disclosed. Five other draft regulations identified and presented by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for review during the first phase of consultations with…

By Bassey Udo To realise the objectives of the Federal Government’s backward integration policy in the sugar loopr sector, Dangote Sugar Refinery Plc (DSR) has continued to scale up its investment in raw sugar production in the country. Apart of an investment valued at about $500million so far in the…

By Bassey Udo The Bureau of Public Enterprises (BPE) has described as unfortunate the deepening crisis over the ownership of Benin Electricity Distribution Company (BEDC). The privatization agency said on Saturday in Abuja that it was monitoring closely events in the company following the recent intervention by the power sector…

By Bassey Udo The support of organised Labour to the presidential candidate of the Labour Party in the 2023 presidential elections, Peter Obi, does not contradict its well-known opposition to the removal of subsidy on petroleum products in the country, the Nigeria Labour Congress (NLC) has clarified. The NLC President,…