Recent discoveries in Namibia’s Orange Basin suggest it could hold up to three billion barrels of oil and 8.7 trillion cubic feet of natural gas, and the country’s total oil reserves could be nearly equal to Guyana’s at around 11 billion barrels July 26, 2024/AEC By NJ Ayuk, Executive Chairman, […]

July 25, 2024/FIRS The Federal Inland Revenue Service Nigeria (FIRS) has issued a circular to provide information and guidance to the public, taxpayers, tax practitioners, and tax officials regarding the proper tax treatment of foreign exchange transactions in accordance with relevant tax laws. This circular supersedes Information Circular No. 2024/3, […]

July 25, 2024/CSL Research The National Bureau of Statistics (NBS) June 2024 report showed a significant increase in the average retail price of diesel across Nigeria in June 2024. The average price reached N1,462.98/litre, marking a 79.32% y/y increase and a 4.20% m/m increase compared to May 2024. This upward […]