News Reports
Transcorp records 158% growth in after tax profit for Third quarter
The firm says it will perform better in last quarter, 2017.
![epa05113059 (FILE) A file photo dated 30 July 2015 showing a company flag flying infront of the head office of Royal Dutch Shell in The Hague, The Netherlands. Royal Dutch Shell plc on 20 January 2016 reported a sharp fall in profits for the last quarter of 2015 as low oil prices hit earnings and the company restructured to reduce costs. Shell said it expected fourth-quarter earnings to be between 1.6 billion and 1.9 billion dollars, down from 4.2 billion dollars in the fourth quarter of 2014. Full-year earnings, including the impact of lower prices on the company's oil inventory, are expected to total 10.4 billion to 10.7 billion dollars, about 45 per cent lower than the 19 billion dollars reported in 2014. EPA/JERRY LAMPEN [Photo Credit: Financial Times]](https://i1.wp.com/media.premiumtimesng.com/wp-content/files/2017/04/Royal-Dutch-Shell.jpg?fit=300%2C169&ssl=1)
Malabu Scandal: Despite prosecution of Shell, top officials, Nigeria allows continued operation of oil block
The Buhari administration deepens business ties with Shell and Agip, despite ongoing worldwide investigations.
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.
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…”
N246.30 billion generated as VAT in Q2 — NBS
The manufacturing sector generated the highest amount of VAT with N33.69 billion.
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.
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]](https://i2.wp.com/media.premiumtimesng.com/wp-content/files/2017/10/Oando-Plc-e1508430335391.jpg?fit=220%2C124&ssl=1)
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]](https://i0.wp.com/media.premiumtimesng.com/wp-content/files/2017/09/Buhari-in-NASS.jpg?fit=220%2C132&ssl=1)
Why borrowing $5.5 billion externally is good for Nigeria – DMO
The DMO listed four reasons such funds were better raised externally.
Agip announces commencement of feasibility studies on new 150,000 bpd refinery
The official also expressed Eni’s commitment to expand NAOC’s operations.
Oando crisis worsens as firm is suspended from Johannesburg Stock Exchange
The NSE had suspended the firm on Wednesday.
Ontario speaks on fresh fraud allegations by Union Bank
The case involves a commercial transaction between Ontario and bank in 2014.
Oando reacts to SEC/NSE Suspension
NSE said a ‘full suspension of firm’ is effective for 48 hours from Wednesday to Friday.
Naira maintains N361.50 per dollar at parallel market
Trading at the investors’ window saw the naira closed at N360.27.
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: politicoscope.com]](https://i0.wp.com/media.premiumtimesng.com/wp-content/files/2015/12/William-Babatunde-Fowler-In-Headline-News-Today.jpg?fit=220%2C124&ssl=1)
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.
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: Independent.co.uk]](https://i2.wp.com/media.premiumtimesng.com/wp-content/files/2016/11/oil-barrels.jpg?fit=220%2C165&ssl=1)
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.
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 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](https://i1.wp.com/media.premiumtimesng.com/wp-content/files/2017/01/resizer.php_.jpg?fit=220%2C110&ssl=1)
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.
