Tag: Debt

Total Acquires Maersk Oil for $7.45bn in Share, Debt Transaction

Posted by - August 22, 2017

French oil giant, Total, has announced that it had acquired 100 per cent of the equity of the E&P Company, Maersk Oil & Gas, a wholly owned subsidiary of A.P. Møller – Mærsk, in a share and debt transaction. Total said in a statement that under the agreed terms, A.P. Møller – Maersk will receive

FIRS Shut Four Firms over N630m Tax Debt

Posted by - July 18, 2017

The Federal Inland Revenue Service on Monday sealed off four companies in Lagos and Port Harcourt over their alleged failure to meet their tax obligations totaling N630m. The affected firms include Charcoal and Spices Restaurant Limited, GRA, Port Harcourt, and Cioscon Nigerian Limited, Aba Road, Port Harcourt. The leader of the FIRS enforcement team, Mrs.