News Reports

Oil cargo used to illustrate the story

Oil prices poised to rise above $60 amidst tightening supply, strong demand

Brent crude futures, the international benchmark for oil prices, were at $57.84.


Despite apology, Intels yet to state readiness to comply with TSA – NPA

Intels chief Gabrielle Volpi apologised to the NPA last week.

Vice President yemi Osinbajo addressing the opening session of the EITI Beneficial Ownership Conference in Jakarta, Indonesia.

With him are the Indonesian Minister of National Development Planning, Bambang Brodjonegoro (middle) and EITI Chair, Fredrik Renfeldt

Malabu Scandal: Nigeria, others must commit to end secret ownership of extractive industry assets – Osinbajo

The Vice President leads a Nigerian delegation to the conference in Indonesia.


How Nigeria can get tax systems right – Omoigui-Okauru

“These money spent on awareness can be reduced…”

Naira notes

N246.30 billion generated as VAT in Q2 — NBS

The manufacturing sector generated the highest amount of VAT with N33.69 billion.

National Bureau of Statistics building

Nigeria generates N246.30 billion VAT between April, June 2017 – NBS

The value generated in the quarter was greater than N204.77 billion generated in the first quarter.

NNPC Mega station to illustrate the story.

Average price for petrol drops, kerosene increases – NBS

“Average price per litre paid by consumers for kerosene increased by 17.28 per”


Intels apologises to NPA, promises to obey Nigerian govt

The apology puts to shame a call by the House of Representatives for the company’s suspension to be lifted.

Nigerian oil company, Oando. [Photo credit: Guardian Newspaper]

What you need to know about the Oando PLC crisis

Managers of the company deny allegations of mismanagement.

Buhari in NASS [Photo Credit: Linda Ikeji's Blog]

‎Why borrowing $5.5 billion externally is good for Nigeria – DMO

The DMO listed ‎four reasons such funds were better raised externally.

Agip Head office in Lagos

Agip announces commencement of feasibility studies on new 150,000 bpd refinery

The official also expressed Eni’s commitment to expand NAOC’s operations.

Nigerian oil company, Oando. [Photo credit: Guardian Newspaper]

Oando crisis worsens as firm is suspended from Johannesburg Stock Exchange

The NSE had suspended the firm on Wednesday.

High court

Ontario speaks on fresh fraud allegations by Union Bank

The case involves a commercial transaction between Ontario and bank in 2014.

Oando workers at an oil rig

Oando reacts to SEC/NSE Suspension

NSE said a ‘full suspension of firm’ is effective for 48 hours from Wednesday to Friday.

Bureau De Change

Naira maintains N361.50 per dollar at parallel market

Trading at the investors’ window saw the naira closed at N360.27.

Guaranty Trust Bank (GTB)

GTBank records N125.58 billion profit in third quarter

Its profit before tax rose to N150.03 billion from N137.99 billion.

Babatunde Fowler, FIRS Chairman [Photo:]

FIRS chief Fowler elected Vice Chairman UN Committee of Tax Experts

The 25 tax experts were headhunted across the globe to sit in the Committee.

Jubril Adewale Tinubu

UPDATED: Oando Crisis deepens as SEC suspends sale of shares

The company has been enmeshed in crisis since its last shareholders meeting.

Oil barrels used to illustrate story [Photo Credit:]

Oil price rises towards $59 on tighter U.S. market, Middle East tensions

Tensions in the Middle East mean a risk premium is being priced into oil markets.

Minister of Works, Power and Housing, Babatunde Raji Fashola

Mining sector ‘biggest beneficiary’ of N1.2 trillion capital allocation in 2017 budget – Fashola

Minister of mines, steel also speaks on strides in the sector.

NNPC GMD, Dr. Maikanti Baru (right) in a warm handshake with National Emergency Management Agency(NEMA) Director of Search and Rescue, Air Commodore Sonny Paul Ohemu, after the GMD was decorated as Honourary Special Marshal at a ceremony in Abuja. With them is Federal Road Safety Corps (FRSC) Deputy Corps Marshal, Operations, Ojeme Ewhrudjakpor.

NNPC has 2 billion litres of petrol for end-of-year movements — GMD

Mr Baru is honoured by the Road Safety Corps.

Food stuff [Photo Credit] grace communication foundation

Nigeria’s Inflation rate drops for eight consecutive time amidst rising food prices – NBS

All major food sub-indexes increased by 20.32 per cent between September 2016 and 2017.