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Senate Probes Shell over Joint Venture Breach, Seeks $200m Refund to FG

Senate Probes Shell over Joint Venture Breach, Seeks $200m Refund to FG
thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.

Nigeria generalFederal republic of nigeriaAliyu sabi abdullahiSmart adeyemiBassey albert akpanAhmad lawanAishatu dahiru ahmedAbdullahi yahayaGeorge thompson sekiboInternational oil companies iocsOil mining leaseShell petroleum development companyMinistry of petroleum resourcesNational assemblyChevron nigeriaDepartment of petroleum resources

Senate probes Shell over alleged joint venture breach

Senate probes Shell over alleged joint venture breach
today.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from today.ng Daily Mail and Mail on Sunday newspapers.

Federal republic of nigeriaAliyu sabi abdullahiSmart adeyemiBassey albert akpanAhmad lawanAishatu dahiru ahmedAbdullahi yahayaGeorge thompson sekiboInternational oil companies iocsOil mining leaseShell petroleum development companyMinistry of petroleum resourcesNational assemblyChevron nigeriaDepartment of petroleum resourcesShell petroleum development company of nigeria

Senate probes Shell over Joint Venture breach, seeks $200m refund to FG

The Senate, on Wednesday, constituted an Ad-Hoc Committee to investigate Shell Petroleum Development Company (SPDC).

Federal republic of nigeriaAliyu sabi abdullahiSmart adeyemiBassey albert akpanAishatu dahiru ahmedAhmad lawanAbdullahi yahayaGeorge thompson sekiboInternational oil companies iocsOil mining leaseShell petroleum development companyMinistry of petroleum resourcesNational assemblyChevron nigeriaDepartment of petroleum resourcesShell petroleum development company of nigeria

FHC Overturns TAT Judgment On The Basis For Computing Balancing Charge On Petroleum Assets - Tax

To print this article, all you need is to be registered or login on Mondaq.com. The Federal High Court (FHC or the Court ) Lagos Division, on Monday 28 September 2020, overturned the judgment of the Tax Appeal Tribunal (TAT or the Tribunal) in the appeal between the Federal Inland Revenue Service (FIRS or the Appellant ) and Total E&P Nigeria Limited (Total or the Respondent ) by ruling that petroleum investment allowance (PIA) should be included in the computation of balancing charge on disposal of assets used for petroleum operations. Specifically, the FHC held that PIA granted by Paragraph 5 of the Second Schedule to the Petroleum Profit Tax Act Cap P13, Laws

Federation of nigeriaPetroleum profit tax act capRevenue serviceOil mining leases omlsEp nigeria limitedHigh courtCourt lagosFederal high courtTax appeal tribunalFederal inland revenue serviceTotalep nigeria limitedSecond scheduleOil mining leasesTotal financeCompanie income tax actFhc overturns tat judgment on the basis for computing balancing charge petroleum assets

Standard Chartered Vows to Support Clients Growth Aspirations

The management of Standard Chartered Bank has assured its numerous clients of its commitment to supporting their growth aspirations, no matter the sector they operate in. The lender made this promise while speaking on the role it played in the recent acquisition of a 45 per cent working interest in OML17 by Heirs Holdings Oil & Gas Limited. Standard Chartered acted as coordinator/financial advisor to Heirs Holdings in the deal described as one of the largest in the oil and gas sector in Africa. Heirs Holdings acquired the stakes held by Shell Petroleum Development Company of Nigeria Limited (SPDC), Total E&P Nigeria Limited (TEPNG) and Nigerian Agip Oil Company Limited (NAOC), a subsidiary of ENI SpA, in OML 17, a producing onshore oil and gas asset in Nigeria.

United kingdomKorede adenowoHeirsholdings oil gasEp nigeria limitedNigerian agip oil company limitedHeirs holdings oil gasShell petroleum development company of nigeria limitedStandard chartered bankHeirs holdingsHeirs holdings oilShell petroleum development companyNigeria limitedTotalep nigeria limitedStandard charteredHeirsholdings oilExecutive director