Doubt Over NNPC’s Viability As Liabilities Exceed Assets By N4.6trn       Auditors of the Nigerian National Petroleum Corporation (NNPC) have questioned the viability of the company as its current liabilities exceeded its current assets by N4.6 trillion. The Auditor’s concern is contained in the 2020 financial year...

Nigeria, Others’ll Lose $1trn Oil Revenue In 20 Years – PwC         Nigeria and other African oil-producing countries will lose an estimated N1tn in oil export revenues over the next 20 years as prices are forecast to remain low, a new report by PricewaterhouseCoopers has said. PwC,...

Nigeria Could Face $20bn Loss In Export Revenue - Report         Nigeria and four other oil producers on the continent could each be facing $20billion or more in lost export revenue this year as global oil demand is estimated never to exceed 2019 levels, with energy...

Rising Inflation Threatens FG’s N5.1trn Revenue Target     The drive by the federal government (FG) to raise its revenue this year to N5.08 trillion, is now threatened by sustained inflationary pressure. The government had hoped to ramp up the revenue target with the increase in the Value...

Nigerian Payment Firms To Generate $1.19bn From Remittances   Nigerian banks, fintech companies and mobile money operators are likely to earn $1.19bn from remittances this year, according to estimates made by PricewaterhouseCoopers. The global consulting firm had predicted that remittances by Nigerians in the Diaspora could grow...

Leadway Assurance, PricewaterhouseCoopers To Educate Public On FG’s Tax Policy Leadway Assurance is set to organize a one-day seminar in partnership with consulting firm PricewaterhouseCoopers aimed at enlightening the public, especially the business community, on the current tax reform policy of the Federal Government as...