Yakubu Dogara

A new tax regime being put in place by the Nigerian government seems to bother operators in the country’s oil and gas sector, as they are seen kicking against the bill yet to be signed into the law. The proposed regime, seeking to amend the Deep Offshore and Inland Basin Production Sharing Contract Act, 2018 seeks to introduce additional 50 percent royalty on revenues above  $20/bbl 1993 real terms, which now translates to $35/bbl in 2019.

South Africa’s Zuma back in court over alleged corruption

Former President Jacob Zuma

Former President Jacob Zuma wants the court to grant him a permanent stay of prosecution on the charges related to the multi-billion rand arms deal.

Billionaire during commencement address: I'll pay off your student debt

 Robert F. Smith

Billionaire investor Robert F. Smith earned some stunned looks on Sunday during his commencement address at Morehouse College.

Gunmen ECWA Church In Kaduna, One Killed, Others Abducted

At least one person was killed and 17 others abducted when gunmen attacked some communities in Kaduna State on Sunday.

The church attack was carried out on the Evangelical Church Winning All (ECWA) while the villages affected are Dankande and Dogon Dawa in Birnin Gwari local government area and Guguwa-Kwate village and Rigasa area in Igabi local government area of the state.

Why we demolished Caramelo night club – FCT Minister

The Minister of Federal Capital Territory, Mohammed Bello has shed more light why the FCT authorities demolished Caramelo night club in Abuja. The Federal Capital Territory Development Authority (FCDA) through its Department of Development Control (DDC) had on Monday demolished the controversial Caramelo Lounge, a popular strip club, located at No 630, TOS Benson Crescent, Utako District Abuja,  for allegedly contravening the FCT land use regulations.

FEC approves another $1bn Chinese loan for Gurara hydropower project

The Federal Executive Council (FEC) meeting presided over by President Muhammadu Buhari, on Wednesday approved $1 billion Chinese loan from Chinese EXIM Bank for the Gurara II Hydropower project which has the capacity to generate 360 megawatts electricity.

FEC approves another $1bn Chinese loan for Gurara hydropower project

The Federal Executive Council (FEC) meeting presided over by President Muhammadu Buhari, on Wednesday approved $1 billion Chinese loan from Chinese EXIM Bank for the Gurara II Hydropower project which has the capacity to generate 360 megawatts electricity.