Nigeria Extractive Industries Transparency Initiative (NEITI) has reported that Nigeria lost about $1.45 billion to crude oil theft and other insecurity-induced abuses in the nation’s hydrocarbon resources industry.
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China Opposes New EU’s Anti-Dumping Regime
China’s Ministry of Commerce has objected to the EU’s new anti-dumping methodology, claiming that it violates World Trade Organization (WTO) rules
Swiss Banks To Begin Collecting Foreign Taxpayer Data
Several of Switzerland’s agreements for the automatic exchange of information (AOEI) in tax matters will become effective with numerous other territories from January 1, 2018.
Ghana Plans To Sell Bills, Notes To Fund Cocoa Tree Programme
Ghana’s cocoa regulator plans to sell bills and notes next year as it looks for ways to fund the replanting of diseased trees.
German Inflation Slows To 1.6% In December
German inflation slowed in December, underscoring the challenge the European Central Bank will face next year as it gradually removes its stimulus programme.
Goldman To Take $5Bn Hit To Profit From New Tax Law
Goldman Sachs Group Inc said today that it expected its fourth-quarter earnings to decrease by about $5 billion, as the bank looks to take advantage of a new tax law
Anambra, Rivers, Kano, Others Stall Final States’ IGR Computation
The National Bureau of Statistics (NBS) has reported that total Internally Generated Revenue (IGR) by states in the third quarter this year tentatively stood at N149.45 billion, even as many states failed to provide their IGR data
Barclays Expects $1.3BN Writedown From U.S. Tax Reform
Barclays on Wednesday stated that it expected to take a writedown of about 1 billion pounds ($1.34 billion) on its annual post-tax profit as a result of the U.S. tax overhaul.
JPMorgan Pays $2.8M Fine Over Improper Safeguards For Customers
JPMorgan Chase & Co will pay $2.8 million to settle charges that a broker-dealer unit lacked sufficient controls to safeguard customer securities from several countries
Oil Prices Peak at $67/Barrel, Highest Since May 2015
Prices of Brent and West Texas Intermediate crude futures peaked Thursday to a near two-and-a-half year high briefly before sagging by some cents