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Matters of crude oil in Nigeria

N25.6 billion was allocated to the oil producing states as the 13 per cent derivation fund. For VAT revenue of N61.18 billion, the Federal Government, after deducting cost of collection of FIRS got N8.8 billion, while states pocketed N29.36 billion and local governments got N20.55 billion.” Adeosun blammed the reduction on the downward turn of crude oil prices in the commodity, and maintained that the government would focus on other non-oil sectors to boast Nigeria’s economy. She said: “Even though the revenues were currently down, non oil revenue is beginning to make up for the shortfall in oil revenue. Ongoing maintenance and the shutdown and shut-in of production for repairs at different terminals during the month continued to impact crude oil and gas revenue negatively. “We don’t have to rely on oil with its price going down and very unstable. We are focusing on revenue from non-oil and you can see impressive N369.882 billion compliance with tax,” she adde...
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Everything you need to know about the newest Apple gadgets

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Apple is expected to show off new iPhones, an updated smartwatch — and maybe some new gear for listening to both — during its annual fall product launch event Wednesday. Hard-core Apple fans will be watching closely for details about the newest features coming to Apple’s gadgets, from a widely anticipated dual-lens camera for the iPhone to a rumored GPS sensor in the Apple Watch. But even casual users of consumer technology may be interested to see if Apple follows through on reports that it’s eliminating the iPhone’s analog headphone jack, since that could pave the way for a big shift in the way people listen to digital music. Getting rid of the traditional analog jack means future iPhone owners will need earbuds or headphones that use a digital connection, either through a wireless signal like Bluetooth or a cord that fits in the same port used for recharging the device. Apple may ship the next iPhones with an adapter that lets older headsets plug into the charging ...
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‘O.J.’ and ‘Thrones’ dominate the Emmy nominations

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This year’s Emmy nominations showered a bounty of nominations on three series — two of them with limited runs. “Game of Thrones,” to no one’s surprise, scored the most nominations with 23. But the real reason to celebrate the awards this year is that two of the best entries — “The People v. O.J. Simpson: American Crime Story” and “Fargo” — walked off with 22 and 18 nominations, respectively. Fans of “The Americans” can also rejoice. After being ignored for three of its four seasons, the FX Cold War drama finally racked up five nominations: Best Drama Series, Best Actor in a Drama Series (Matthew Rhys) and Best Actress in a Drama Series (Keri Russell). “The Night Manager,” a British limited series adapted from the John Le Carre novel, received an astonishing 12 nominations, including acting nods for its stars Tom Hiddleston, Hugh Laurie and Olivia Colman. “Downton Abbey” went out in style, picking up 10 nominations, including Best Drama Series and Best Supporting Actress for Dame Ma...
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