COVID-19, THE SAUDI-RUSSIA OIL WAR AND THE NIGERIAN OIL ECONOMY

Introduction

Over  90%  of  Nigeria’s  foreign  exchange  earnings  is  derived  from  the  Oil  and  Gas  Sector, constituting the very essence of the nation’s economy – a development following the 1956 breakthrough  discovery  of  oil  (in  commercial  quantity)  in  Oloibiri,  the present  day Bayelsa state. The Appropriation Acts of the Nigerian government, from past to present evidence a monotonous economy; one dependent on oil exports.

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THE TAXAIDER NEWSLETTER VOL 2, ISSUE 4 (APRIL 2020)

First Thoughts: Much Ado About Changes!

In my last editorial exactly five weeks ago today, I mentioned that I was writing from somewhere besides my office desk for the first time in a while. Well, that has not changed much, except that I am not exactly writing from my reading table at home this time but of course, I am still at home like many of you probably are. It’s been six weeks and counting now since I started ‘remote working’ along with my work colleagues and millions of people all over the world.

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