Elumelu wants insurance firms’ capital base raised to N20bn for life, N30bn for non-life operators
To boost penetration and build capacity to grow insurance in Nigeria, the regulatory authorities should consider raising insurance firms' capital...
NUPRC is harnessing experts’ experience to implement gas flare commercialisation
To effectively implement the Nigerian Gas Flare Commercialisation Programme (NGFCP), the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the...
18% tax-to-GDP ratio target won’t raise company taxes – FIRS
Despite the decision to increase the country's tax-to-GDP ratio to 18 percent from 10.86%, the Federal Inland Revenue Service (FIRS)...
Labour accuses Lalong of undermining October 2 pact with govt
Organised labour on Thursday accused the Labour Minister, Solomon Lalong of taking actions to derail the October 2 agreement reached...
Heirs Holdings Oil & Gas rebrands to meet energy needs of Africa
Heirs Holdings Oil & Gas Ltd., (HHOG), has rebranded with a change in its name to Heirs Energies Ltd., along with a...
Draft UN resolution pushes the world closer to a global tax regime
A long-awaited draft UN resolution to formally begin negotiations on establishing a legally binding UN tax convention has now been published....
eNaira is no threat to Nigeria’s financial stability, CBN clarifies
Nigeria's Central Bank Digital Currency (CBDC), the eNaira, is not a threat to the nation’s financial stability, the Central Bank...
Shell Companies paid $1.36bn to Nigerian govt. as taxes, royalties in 2022
Shell companies in Nigeria, namely Shell Petroleum Development Company (SPDC) and Shell Nigeria Exploration and Production Company (SNEPCO) says it...
NNPC did not award pipelines control contracts to ‘Northern cabal’, says GCEO
The Group Chief Executive of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has denied reports that the company...
ACEP, RMAFC brainstorm on ways to optimise revenues to extractive communities
To close the gap in the allocation and disbursement of extractive revenues and ensure visible development and better the lives...