News & Insights

FIRS extends tax payment deadline to August 31

EIA increases Brent price projection by $2.50 for 2020

International benchmark expected to average $40.50 per barrel this year.     The United States Energy Information Administration (EIA) has increased its Brent crude oil price forecast for 2020 by $2.50 per barrel. This was disclosed in its monthly Short-Term Energy Outlook (STEO) report for July. According to the report, the international benchmark is now expected to average […]

AFCFTA is a powerful tool for Africa’s economic integration – ECA

The pandemic has given African an opportunity to review its poor healthcare infrastructure,   The Executive Secretary of the UN Economic Commission for Africa (ECA), Ms Vera Songwe, said the African Continental Free Trade Area (AFCFTA) is a powerful tool to accelerate regional and economic integration in Africa.    The statement was made during a virtual […]

NEITI Seeks Abolition of Excess Crude Account

      Emmanuel Addeh in Abuja The Nigeria Extractive Industries Transparency Initiative (NEITI) yesterday called on the federal government to immediately abolish the Excess Crude Account (ECA) and transfer the balance to the Nigerian Sovereign Investment Authority (NSIA). The agency noted that one of the challenges towards Nigeria achieving […]