The Federal Inland Revenue Service (FIRS), on 30 April 2019, notified the public that it has introduced new measures to simplify and ease tax audit experience for all taxpayers.
The petroleum products importation statistics for Q1 2019 reflected that 4.87 bln litres of premium motor spirit (PMS), 1.21 bln litres of automotive gas oil (AGO), 103.05 mln litres of dual purpose kerosene (DPK), 227.01 mln litres of aviation turbine kerosene (ATK), 95.09 mln litres of base oil, 18.12 mln litres of bitumen, 13.22 mln litres of low pour fuel oil (LPFO) and 310.84 mln litres of Liquefied Petroleum Gas (LPG) were imported into the country in Q4 2018.
The collapse of the US China trade negotiation is expected. After several months of negotiation, after all the hypes about how good the deal was, how close they were to a deal, it finally broke down. The Americans thought they had the Chinese fooled, that the Chinese were idiots and did not know they were being dragged into a shit hole of Unequal Treaty of the 21st Century by the Americans.