Nigeria Oil & Gas Top Story

Niger Delta Minister says oil companies owe NDDC $4 billion

Reading Time: < 1 minutes Image Credits: Ron Bousso/Reuters. The Minister of State for Niger Delta Affairs, Tayo Alasoadura has said that international oil companies operating in Nigeria owe $4 billion to the Niger Delta Development Commission (NDDC). NDDC is the agency responsible for fostering development in the Niger Delta, the impoverished wetlands region where much of the oil and Read More…

Business Debt Featured Metro

Proceeds from Lagos N100BN Bond utilised for capital projects – DMO

Reading Time: 2 minutes The Permanent Secretary, Lagos State Debt Management Office (DMO), Mr. Olujimi Ige, has disclosed that funds accessed by the State Ministries, Departments and Agencies from the proceeds of the N100bn Bond issued in January 2020, were used for developmental and capital projects across the State. Commenting on the Bond issued early last year by the Read More…

Culture & Arts Entertainment Top Story

Prince estate owes another $32m in tax after being undervalued by half, US officials say

Reading Time: 2 minutes Image Credits: Sky News, Lester Cohen/WireImage, Balazs Mohai/European Pressphoto Agency. The late musician’s property, money and possessions were worth $80m more than administrator’s estimated, the IRS suggests The estate of pop star Prince owes another $32.4 million (£23.7m) in taxes after his executors undervalued it by around 50%, US officials say. The Internal Revenue Service Read More…