Tag: House of Representatives
Nigeria’s House of Representatives have asked the management of telecommunications company, MTN, to provide evidence of tax remittances to government from 2011 to 2015. Meanwhile, IHS Towers plans to list on the New York Stock Exchange. Sam Chidoka, Managing Director and CEO of Kairos Capital joins CNBC Africa to discuss business headlines in Nigeria.
The House of Representatives has impeached President Donald Trump. The Democrats successfully voted for impeachment on two charges against Trump, abuse-of-power and obstruction-of-Congress. CNBC filed this report on what happens next.
Nigeria's Finance Bill seeks to shore up the government's revenue base by amending seven acts of the National Assembly relating to taxes. Ken Erikume, Partner of Tax Reporting and Strategy at PwC Nigeria joined CNBC Africa's Kenneth Igbomor to breakdown the Finance Bill, as members of Nigeria’s House of Representatives boycotted the public hearing slated for Tuesday.
Nigeria’s House of Representatives passes amended PSC Act: What the bill means for Nigeria’s oil & gas sector
Nigeria’s House of Representatives has agreed with the Senate and passed a bill amending the Offshore and Inland Basin Production Sharing Contract Act 2014. The amended PSC Act will among other things allow for royalty based on the changing prices, starting at 2.5 per cent when crude oil exceeds $20 to $60 per barrel and rising upwards to 8 per cent when the price exceeds $100 to $150 per barrel. The PSC Act provisions also cover natural gas and condensate. Oil & Gas Lawyer and Partner at A02 Law, Oyeyemi Oke joins CNBC Africa for more.
Understanding the challenges of Nigeria’s Ajaokuta Steel Company
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