Shell Cuts Dividend For First Time Since World War Two     Royal Dutch Shell cut its dividend for the first time since World War Two on Thursday as the energy company retrenched in the face of an unprecedented drop in oil demand due to the coronavirus pandemic. Shell...

GTBank Declares N2.50 Final Dividend, Posts N198.85bn Profit   Guaranty Trust Bank Plc has declared a profit after tax of N196.85bn for the financial year ended December 31, 2019 as against N184.71bn reported in 2018, representing a growth of 6.6 per cent. Based on the result, the...

NLNG Has Paid $7bn Tax, $15bn Dividend To FG - MD   The Nigeria LNG Limited says it has paid over $7bn as taxes and issued more than $15bn as dividend to the Federal Government since it started operations. NLNG’s Managing Director, Tony Attah, who disclosed this...

Fed Govt To Tax Oil Companies' Dividends   If the Finance Bill submitted by President Muhammadu Buhari is passed by the National Assembly, it would remove the tax exemption on dividends paid from the profits of oil companies. The Minister of Finance, Budget and National Planning, Mrs...

Probing Of NNPC Over $1bn 'Diverted' NLNG Dividend Begins   The Senate has begun an investigation of the diversion of $1.05bn from the Nigerian Liquefied Natural Gas dividend account by the Nigerian National Petroleum Corporation. The upper chamber is specifically probing all withdrawals from the account and...

We’ll Dig Up How NLNG Dividend Was Diverted By NNPC – Saraki   President of the Senate, Dr Bukola Saraki, has said the upper chamber of the National Assembly will on Tuesday (today) further probe the claims by the Group Managing Director of the Nigerian National...