meta name="google-site-verification" content="itFO53DeTn12Q_CgrK1XuVoVeKkYL4_h9vXHrDuoJZQ" />

Month: January 2017

Shell battles Nigerian communities in high-stakes London lawsuit

A court in London will decide in coming weeks whether Royal Dutch Shell can face trial in the UK over oil spill allegations in Nigeria, a decision some legal experts predict could attract more cases against multinationals in Britain. The High Court will judge whether members from two communities, Bille and Ogale in Nigeria’s oil-rich …

Shell battles Nigerian communities in high-stakes London lawsuit Read More »

Unremitted N450bn: FG issues new guideline for calculating surplus

The Federal Government, in a bid to check the high level of under-remittance of funds by revenue-collection agencies, has issued fresh guidelines for the computation of operating surpluses. The new guideline that will guide the preparation of the agencies’ financial statements for the next three years covering up to 2019 is contained in a circular …

Unremitted N450bn: FG issues new guideline for calculating surplus Read More »

Inflation rate may hit 20% in first quarter —Experts

Economic and financial experts have said that the country’s inflation rate may rise further to 20 per cent during the first quarter of this year from the current 18.4 per cent. They, however, said the inflation rate was expected to reduce significantly as the fiscal and monetary authorities would begin to implement certain policies to …

Inflation rate may hit 20% in first quarter —Experts Read More »

Stock Market: Investors lose N214bn as market closes on marginal gains

Investors in the nation’s stock market lost over N214 billion last week following massive selloff of shares of highly capitalized companies across the sub sectors on the Nigerian Stock Exchange, NSE. Consequently, the market capitalization of the NSE which represents the total value of stocks traded on the exchange dropped from N9.246 trillion it opened …

Stock Market: Investors lose N214bn as market closes on marginal gains Read More »