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Daily Archives: Apr 10, 2019

Employers demand end to deduction of stamp duties


Nigeria Employers’ Consultative Association (NECA) has called on the Federal Government to urgently impress on the Central Bank of Nigeria (CBN) and the Nigerian Postal Service (NIPOST), the need to respect valid judgment of the Court and stop the systematic defrauding of millions of Nigerians who are bank customers in the name of deduction of stamp duties from their accounts.

Shell emerges Nigeria’s most impactful Local Content company

Shell Companies in Nigeria have emerged the International Oil Company with the most impactful Local Content Initiatives in the upstream category at the 2019 edition of the Nigerian Oil and Gas Opportunity Fair (NOGOF) held in Yenagoa, Bayelsa State on April 4, 2019. Shell beat other competitors ,Total and Exxon Mobil to the second and third positions respectively at the 2nd edition of the fair organised by the Nigerian Content Development and Monitoring Board (NCDMB).

Fears of recession, China’s trade threats drag down oil prices

.. crude trades at US$71.70 a barrel

OPEC’s crude oil production dropped by more than 500,000 bpd month on month in March, to the lowest since February 2015, as Saudi Arabia followed through its commitment to cut deeper than pledged and Venezuela’s crisis, sanctions, and blackouts hit its supply harder than in previous months.

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