Business

Shell’s N15 billion settlement to Ogoni community ​”​inadequate​”​

HOMEF, however, welcomed Shell’s agreement to pay the penalty noting that it was a confirmation of their guilt.

Nigeria’s foreign reserves hit $34.49 bn

The CBN devalued the Naira to N168 to a dollar in November, 2014.

Niger delta pollution

Oil Spill: Shell to pay N15.3 billion compensation to Bodo community

The pay-out will cover individual claimants and the community generally.

Why residential consumers won’t pay higher electricity tariff ​till June — NERC Chairman

The exemption will last till June 2015.

Euro slumps to a nine-year low

The fall came ahead of a Greek departure from the EU.

​A​ll-Share Index dips by 714 points on N​igeria ​Stock Exchange

Seplat led the losers’ chart by N19.51 to close at N351.5 per share.

2015 budget targeted at developing non-oil economy, says Jonathan

President says administration determined to lay the foundation for a vibrant economy in 2015.

Nigerian government confident oil price will stabilise early 2015

The government says it will not review the benchmark price of oil

SEC succumbs to brokers’ pressure, extends capitalisation deadline

The commission had been battling with stockbrokers over the extension.

Transcorp named most-compliant listed firm in Nigeria

The award was given to the company to demonstrate its compliance with the rules and regulations of disclosure obligations to the Nigerian Stock Exchange in the year under review.

Skye Bank appoints management board for Mainstreet Bank

The Asset Management Corporation of Nigeria formally handed over the management of Mainstreet Bank to Skye Bank Plc on December 18.

National pension contribution hits N2.5trn in second quarter

The cumulative contribution of the public sector was 45.87 per cent higher than that of the private sector during the period.

Firm launches legal challenge against sale of NITEL/MTEL

The Company criticized the sale of NITEL through guided liquidation.

Nigeria to unveil new electricity tariff for business owners, manufacturers

The hike will not affect residential consumers immediately.

New N100 note goes into circulation

The new note has been enhanced against counterfeiting.

Nigerian government approves sale of NITEL/MTEL for $252m

NATCOM beat one other bidder to clinch the deal.

A petrol station used to illustrate the story

Nigeria will not reduce fuel price till after oil crisis – Finance Minister

The government says it does not want to reduce the price of fuel only to for crude oil price to rise tomorrow.

Amid revenue uncertainties, Nigerian consumers may pay more VAT

Federal, state governments share N628.77 billion revenue for November

Halliburton

Court sustains FIRS’ N1.24billion tax assessment against Halliburton

The appellate court, in its unanimous decision by three justices, ruled that the FIRS was empowered by law to assess the income not disclosed earlier.

Nigerian government signs electricity deal with 3 solar companies

The companies are: Solius NGPC, Peoples Home Association and Solar Force Nigeria Ltd.

Nigeria’s petroleum minister emerges Gas Exporting Countries Forum president

Ms. Alison-Madueke appointment was announced at the ongoing 16th ministerial meeting of the global forum in Qatar.

Oil workers vow to sustain nationwide strike

Government invites union leaders to truce meeting on Tuesday

Federal-Inland-Revenue-Service-FIRS.

FIRS rolls out e-filing system to ease tax payment

e-filing access application form can be downloaded from the FIRS website.

Again, crude oil price falls below revised benchmark, as IEA lowers demand forecast

With new level currently below $62 per barrel, government appears under a fresh pressure to further adjust the proposed benchmark in the 2015 budget proposal.

Rights Groups Condemn Consumers Council over Coca Cola row

The groups say the Consumer Protection Council appears to be overreaching its mandate.