Nigeria's debt report, NNPC to lift petrol from Dangote... business stories to track this week

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Here are the seven top business stories you need to track this week — September 2 to September 6 NCC TO BLOCK UNLINKED SIM CARDS SEPT 14

Here are the seven top business stories you need to track this week — September 9 to September 14.In a statement on August 28, the NCC directed all mobile network operators to complete the verification and linkage of SIMs to NINs by September 14.The commission said over 153 million SIMs had been successfully linked to a NIN so far, “reflecting an impressive compliance rate of 96 percent, a substantial increase from 69.7 percent in January 2024″.

Abdullahi Maiwada, spokesperson of the NCS, spoke on Thursday at a joint press briefing of security agencies, organised by the strategic communications inter-agency policy committee in Abuja.The development comes almost two months after the federal government directed the suspension of duties, tariffs, and taxes on the importation of food staples through land and sea borders to reduce inflation.Bill Gates, co-chair of the Bill and Melinda Gates Foundation, says tax collection in Nigeria is low.

Dangote said petrol from the plant can compete with products from other parts of the world in terms of quality. He also said the price of petrol would be determined by the federal government and after meeting with NNPC.In an interview on Arise Television on Thursday, Adedapo Segun, executive vice-president, downstream, NNPC, said the move is part of the federal government’s push to drive local production of petroleum products.

Segun said in September, 6.3 million barrels of crude oil will be delivered to Dangote refineries in seven cargoes and another 11.3 million barrels of crude oil in 13 cargoes in October.Nigeria’s debt report, NNPC to lift petrol from Dangote… business stories to track this week

 

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