Crude swap deals: House demands oil traders pay millions in outstanding tax

Oscarline Onwuemenyi 28 January 2016, Sweetcrude, Abuja — The House of Representatives yesterday directed the Federal Inland Revenue Service, FIRS, to compute the volume of crude oil trading by marketers operating in Nigeria for appropriate tax assessment. The directive followed a revelation by the FIRS that one of the major traders, Trafigura, had never paid […] More »