Category: Business
International corruption: Group petitions Holland over Shell’s sharp practices in Nigeria
A group of Non Governmental Organisations investigati ng Dutch oil exploration giant, Shell has petitioned The Netherlands over some grievances in connection with...
$8.1bn repatriation: HEDA raises eyebrow over FG resolution
The Human and Environmental Development Agenda Resource Centre (HEDA), a non-governmental organization and non-partisan human rights and development league, has...
NNPC vows to crash price of cooking gas
The Nigerian National Petroleum Corporation (NNPC) is set to implement effective commercial framework that would halt the export of propane and butane which are major...
Lifeline for 2019 budget as crude rises to $60 Per Barrel
There is now good news for Nigeria’s 2019 budget as crude oil rose Wednesday to $60 per barrel. Bookmakers have predicted the budget may encounter difficulties...
LIRS directs employers to deduct 10% tax from terminal benefits
The Lagos Inland Revenue Service (LIRS) has directed employers to deduct capital gains tax (CGT) from any sum paid to employees on termination of their services....
FIRS rakes in N5.3trn, targets N8trn in 2019
The Federal Inland Revenue Service (FIRS), has re-written the country’s revenue collection history by collecting a total of N5.320 trillion in 2018. This was disclosed...
Court orders Heritage bank to forfeit unclaimed N1.2bn recovered by EFCC to FG
Justice Obiozor had ordered the EFCC to publish the interim order in the newspapers for anyone interested in the money to show up in court to prove why it should not be...
Exclusive: Shell depletes 800 million barrels from Nigeria’s oil reserve in 13 years
Royal Dutch Shell has declared that the crude oil production from its Bonga oil field in Nigeria had hit the record 800 million barrels mark – a depletion from...
NNPC plots 16 % crash of MOMAN, IPMAN’s fuel retail market share
The Nigerian National Petroleum Corporation (NNPC) has begun plot to crash the fuel retail market share of private marketers nationwide from 86 percent to 70 percent....
Just in: Ocean Marine opens up on NNPC’s multi-million dollars pipeline deal
Ocean Marine Services (OMS) has denied allegation of impropriety on its multi-million dollars pipeline surveillance deals with the Nigerian National Petroleum...
