East African Crude Oil Pipeline: New Dawn for Uganda and Tanzania
East Africa (Tanzania and Uganda in this case) is endowed with plenty of natural resources that mark it as a ...
Tag: Oil
Nigeria Announces Plans To Borrow From Foreign Debt Markets
The ravaging Covid-19 pandemic earlier last year 2020 forced the Federal Government of Nigeria to suspend borrowing from International market ...
Folorunso Alakija Drops From Forbes List Of Nigeria’s Dollar-Billionaires
Folorunso Alakija has been dropped from Nigeria’s Forbes list of dollar- billionaires for a second year in a row according ...
Nigeria Oil Company Records 80% Increase In Trading Surplus
The Nigerian National Petroleum Corporation (NNPC) has recorded an increase of 80.12% in trading surplus in a month. This ...
Will South Sudan’s currency devaluation prove strategic or worthless?
The guns on the plains of South Sudan seem to have fallen silent. But there is a more severe battle ...
Nigeria oil industry on brink of collapse
The year started out as very promising, Nigeria's crude oil and gas export sales revenue hit a record USD434.85 million ...
Tullow Oil: Crude oil pipeline project still active
The $3.5 billion and 1,443 km crude oil pipeline project, stretching from Lake Albert in Uganda to Tanzania’s port in ...
Nigeria: Application of withholding tax on non-resident companies under the finance act
Withholding Tax (WHT) is an advanced payment on income tax deducted directly from source by a service provider. The taxpayer ...
Total buys out Tullow Oil for USD575 million
Total Uganda has bought out the financial struggling Tullow Oil for a whopping USD575 million as the latter gears up ...
Will falling oil prices affect DSE trading?
Even as share values for US futures on crude oil prices hit rock bottom, spotting a worrisome negative figure (-4.0 ...
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