OPEC Crude grades’ Prices Rises by 70% in 24 Months The Organisation of Petroleum Exporting Countries (OPEC) has said the average price of its members’ crude grades (OPEC Basket) rose by 70 per cent in two years to $73.27 per barrel (bbl). Oil prices crashed globally...

Label tax evasion, malpractices by Multinationals as foreign corrupt practices, Adeosun tells  World Bank, Others Nigeria’s Minister of Finance, Mrs. Kemi Adeosun, has called for the designation of tax malpractices by Multinational Corporations in Nigeria and other developing countries as ‘foreign corrupt practices’. She made the...

Nigeria, Other African Countries lose $80bn Annually to Illicit Financial Flows Following Africa’s yearly loses amounting to $80bn through Illicit Financial Flows(IFF) with Nigeria accounting for significant percentage, Nigeria, global organizations, including the Organization for Economic Cooperation and Development (OECD) and the World Bank Group,...

Adeosun to address UN, OECD’s Conference on Tax, Revenue Leakages Finance Minister, Mrs. Kemi Adeosun, has been invited by the Organisation for Economic Cooperation and Development to speak at the Platform for Collaboration on Tax Conference on Thursday, February 15, at the United Nations in...

Economic Community of West African States (ECOWAS), the Federal Inland Revenue Service (FIRS) and the World Bank Group is currently meeting on the first Transfer Pricing for ECOWAS Member States in Abuja, under the European funded Improved Business and Investment Climate in West Africa...