The Federal Government has just announced the addition of 17 deep offshore oil blocks to the 2024 Licensing Round for oil fields in Nigeria, yesterday. 

The managing director and senior management staff of the Nigeria AGIP Oil Company has been summoned by the House of Representatives on Public Petitions regarding a petition that alleged the diversion of $72m. 

It is highly likely that the Federal Government could face a potential loss of N2.97tn and $36.33m if revenue-generating agencies in the country do not reconcile unremitted earnings collected. 

President Bola Tinubu has said it is imperative for Nigerians to have a change of value system if the nation is to make progress. 

FIRS, NCS, NUPRC Experience 131% Surge in costs of Revenue Collection .The Federal Inland Revenue Service (FIRS), Nigeria Customs Service (NCS), and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) have experienced a 131% increase in their cost of revenue collection for the first quarter of...

Naira Depreciates by 215% in One Year Since the harmonisation of the foreign currency market segments in Nigeria one year ago, the naira has depreciated by about 214.64 per cent against the dollar. At the close of trade on Friday, the naira stood at N1482.72 to...