Nigeria hits oil firms with billions in taxes [Business Africa]

20 billion dollars in taxes claimed by the Nigerian government from foreign oil and gas companies as royalties and exceptional taxes for oil and gas production. The amount is far too high according to Royal Dutch, Shell, Chevron, Eni or Total. An amount that represents, according to the Nigerian National Petroleum Corporation, the exceptional royalties […]

What we’ve learnt from the Nigerian election

Image copyright AFP Image caption Mr Buhari’s victory was front-page news in Nigeria Nigeria’s President Muhammadu Buhari has been re-elected for a second four-year term. His main rival, runner-up Atiku Abubakar, has called the election a “sham” and vowed to challenge the result in court. Here are five things we’ve learnt from an election marred […]

Nigeria hits oil firms with billions in taxes [Business Africa]

20 billion dollars in taxes claimed by the Nigerian government from foreign oil and gas companies as royalties and exceptional taxes for oil and gas production. The amount is far too high according to Royal Dutch, Shell, Chevron, Eni or Total. An amount that represents, according to the Nigerian National Petroleum Corporation, the exceptional royalties […]

African pangolins in Nigeria, Cameroon hit by Chinese poaching — Quartz Africa

The news that over 7,500 kilograms of pangolin scales have been seized in the last five years in Cameroon has again brought to light the devastating reach of international poaching and trafficking in Africa. Even more shocking, this month, was the seizure in Vietnam of 2,500 kg of pangolin scales in just one consignment from […]

Nigerian fintech firm TeamApt raises $5M, eyes global expansion – TechCrunch

Nigerian fintech startup TeamApt has raised $5.5 million in capital in a Series A round led by Quantum Capital Partners. The Lagos based firm will use the funds to expand its white label digital finance products and pivot to consumer finance with the launch of its AptPay banking app. Founded by Tosin Eniolorunda, TeamApt supplies […]

Nigerian pencil artist sells portraits to Kevin Hart

Then two days of waiting and thousands of retweets later, Waduba got exactly what he asked for: his target audience of one, Kevin Hart, acknowledged Waduba’s drawing of the American comedian. The drawing bore a remarkable likeness to the picture of Hart placed side by side, prompting Hart, 39, to say he’d buy the portraits […]

Nigeria election: Atiku Abubakar rejects Muhammadu Buhari’s victory

Media playback is unsupported on your device Media captionSupporters celebrate at Mr Buhari’s campaign headquarters in Abuja The runner-up in Nigeria’s presidential election has rejected the result as a “throwback to the jackboot era of military dictatorship”. Atiku Abubakar criticised what he called a “sham election” and has vowed to go to court. President Muhammadu […]

Aliko Dangote Foundation boosts Nigeria’s effort to end polio scourge

….Releases feedback polio eradication report By Princewill Ekwujuru As  Nigeria  eager-ly awaits  her certification as polio-free by the World Health  Organisation, WHO, the Aliko Dangote Foundation, ADF, has  boosted the nation’s efforts to finally end a scourge which had  affected thousands of children across the country. Alhaji Aliko Dangote The  organisation,  in support of government’s efforts […]

Buhari win could lead to bloodshed, unrest and more oil disruption

With the PDP rejecting the results and continuing questions about the credibility of the polls, RBC’s Croft and her team said they believe there is a high risk of further bloodshed in the coming weeks, especially in Nigeria’s oil region. “This time, we will be closely watching what transpires in the Niger Delta given the […]