The PUNCH: With a landing cost of N1,117 per litre for Premium Motor Spirit, popularly called petrol, the monthly subsidy on the commodity has increased to about N707bn, oil marketers projected on Monday. It was also gathered that as the Dangote Petroleum Refinery begins petrol production in August, the company might export the product following the crude oil supply crisis and other regulatory challenges confronting the $21bn firm.
The Nation: Minister of Finance and Coordinating Minister of the Economy, Olawale Edun, yesterday defended the Federal Government’s proposed one-off levy on the 2023 foreign exchange (forex) windfall by banks. The Federal Government’s proposal to tax the banks’ gain is contained in the proposed amendment to the 2023 Finance Act before the National Assembly.
Daily Trust: The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has intervened in the tussle between the President of the Dangote Group, Aliko Dangote and the supervising agencies in the oil and gas industry over issues surrounding the Dangote Refinery.
Tribune: President Bola Tinubu has called on Nigerians to abort their planned protests, saying everything is in place to alleviate hardships. Speaking at a National Council of Traditional Rulers meeting in Abuja on Monday, 22nd July, 2024, Tinubu, represented by Secretary to the Government of the Federation George Akume, emphasised the need for patience and support during this critical period.
