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FIRS boss tasks foreign shipping companies on compliance with Nigeria’s tax laws

Chairman, Federal Inland Revenue Service (FIRS), Zacch Adedeji, has urged non-domestic companies shipping crude oil from Nigeria to ensure strict compliance with the country’s...

Federal Govt To Unveil $50bn Oil Industry Projects

Oil and gas opportunities valued at over $50bn and projected to be developed within five years were showcased by international and indigenous companies at...

Nigeria Tops African Oil Producers As OPEC’s March Output Hit 28.80MBP

Nigeria was Africa’s top crude oil producer in March 2023, with a production capacity of 1.2 million barrels per day (bpd), even as the...

Nigeria’s Seplat Spent $450 Million With Firms Tied to Founders

One of Nigeria’s largest independent oil and gas producers spent more than $450 million on goods and services provided by companies linked to its...

Pressure mounts on the central bank as Naira tumbles again

The currency has fallen 20% on the parallel market since January driving inflation and challenging government strategy 2nd August 2022 Prepared for Free Article on...

NEITI: subsidy removal will free economy

The Nigerian Extractive Industries Transparency Initiative (NEITI) yesterday insisted that the removal of Premium Motor Spirit (PMS) subsidy will free the economy from bondage. Executive...

Nigeria has not held a licensing round for oil blocks in 15 years due to regulatory uncertainties

Nigeria has not held a licensing round for oil blocks other than marginal fields since 2007,  due to uncertainties about future regulatory and fiscal...

World Bank says forex crisis, fuel subsidy, others are offsetting Nigeria’s gains from rising oil prices

Foreign exchange crises, high inflation, and fiscal pressures generated by fuel subsidies, according to the World Bank, distort the benefits of a growing non-oil...

More Hardship For Nigerians Over Rising Inflation, Power Cut, Fuel, Food Shortage – W/Bank

The World Bank has predicted more hardships for Nigerians and the citizens of Angola over the rising inflation, increased power outages as well as...

Profit taking activities drag equities down, as investors lose N635bn

The equities market witnessed bearish sentiments last week following pressure from profit taking in some stocks. Having gained in one of five trading sessions during...

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