Google escapes €1.1bn tax bill as it’s not taxable in France
Leading search engine, Google is not liable for 1.115 billion euros ($1.272 billion) in unpaid taxes claimed by the French state, a French court ruled Wednesday, saying the internet giant’s Irish subsidiary is not taxable in France. The court ruled…
NASS under pressure to cancel ongoing e-Auction of seizures by Customs
Indications have emerged from the National Assembly (NASS) that any moment from now, the lawmakers may be compelled by barrage of complains to halts the ongoing e-auctioning of seized goods and mainly vehicles by the Nigerian Customs Service (NCS). A…
2017 budget in real danger if Nigeria can’t borrow again as oil cut looms
Putting it in perspective; First of all, the Organization of Petroleum Exporting Countries (OPEC) on July 24 will decide whether Nigeria and Libya will join other 12 member nations in observing oil production cut as part of the cartel’s effort…
Tin Can Customs rakes in N130bn in 6 months, says feat within target range
The Nigeria Customs Service (NCS), Tin-Can Island Command, Lagos, has generated N130 billion between January and June, 2017 and noted that the haul is within the range of half year target. In a telephone interview, the Public Relations Officer of…
FG approves release of N2.7tn debts owed contractors, pensioners to enliven economy
One of the most cheerful news for the economy from Wednesday’s Federal Executive Council (FEC) can be said to be the rare approval handed down to proposal presented by the Ministry of Finance to offset accumulated Federal Government’s N2.7tn debts….
NNPC claims recovery of N2 bn out of N11bn products diverted by Capital Oil
A fresh twist on Wednesday emerged on the alleged missing of petroleum products belonging to the Nigerian National Petroleum Corporation (NNPC), domiciled in the tank farm belonging to Capital Oil facility as the agency claimed it has recovered the sum…
Dangote reveals plans to deepen investment in sugar, rice, diary with $4.6bn in 3 years
Leading quintessential African investor and President, Dangote Group, Alhaji Aliko Dangote has made public, fresh move to deepen presence in commercial agriculture in Nigeria. According to the new drive, the group is set to pump about $3.8bn in sugar and…
Lafarge Africa deepens construction solutions with ‘Easy Home’ scheme
Leading indigenous cement producer, Lafarge Africa Plc, a member of LafargeHolcim, has taken its services in delivering construction and housing solutions to another with the unveiling of a target housing scheme tagged; ‘Easy Home’. Coming as ‘Build Easy, Lafarge Pragmatic…
FG’s silence on Varsity, community refineries may return hostilities in N’Delta
Palpable tension is gradually brewing across the oil communities over what some of their leaders and notable critics see as official silence of the federal government on key demands for peace made by the Niger Delta region. Though a government…
Worried by delays, MOSOP calls for clear clean-up timetable for Ogoniland
As the confusion on the reality of the cleanup of oil impacted areas of Ogoniland climbs to the crescendo, key pressure group, the Movement for the Survival of Ogoni People (MOSOP) has called for a timetable to enable stakeholders keep…
