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To print this article, all you need is to be registered or login on Mondaq.com. In this article, we review the significant changes being proposed to the Companies' Income Tax Act (CITA) and its likely impact on companies. On Thursday 8 October 2020, His excellency, President Muhammadu Buhari presented the 2021 Budget Proposals to the Joint session of the National Assembly. The 2021 Budget Proposal was themed "Nigeria's Budget of Economic Recovery & Resilience". The key budget assumptions are as follows: benchmark oil price set at US$40 per barrel; daily oil production ...

Petrochemical investments at Burghausen Refinery 1/20/2021 OMV, the integrated, international oil, gas and petrochemicals company headquartered in Vienna, is expanding and modernizing its cracker units and petrochemical cold section at its Burghausen Refinery in Germany. The measures aim to increase the site’s ethylene and propylene production capacity. Following the planned turnaround of the refinery, the upgraded units are expected to go live in the third quarter of 2022, whereby the initial groundwork is already underway. “By expanding the cracker, OMV is consistently delivering on its...

OMV announces expansion and upgrades at Burghausen refinery By Mary Page Bailey | January 20, 2021 OMV AG (Vienna, Austria)  is expanding and modernizing its cracker units and petrochemical cold section at its Burghausen Refinery in Germany. The measures aim to increase the site’s ethylene and propylene production capacity. Following the planned turnaround of the refinery, the upgraded units are expected to go live in the third quarter of 2022, whereby the initial groundwork is already underway. “By expanding the cracker, OMV is consistently delivering on its petrochemical strategy for ...

Order Reprints Text size The three major U.S. stock indexes closed with nominal losses. Investors, however, remain upbeat about the trajectory of the economy, based on the strength in value and small-cap stocks. The three major U.S. stock indexes were mixed Thursday, but beneath the surface, there was strength in the market. The S&P 500 slid 14.30 points, or 0.38%, to end at 3,795.54, and the Nasdaq Composite fell 16.31 points, or 0.12%, to close at 13,112.64. The biggest gainer in the S&P 500 was petroleum refiner HollyFrontier (ticker: HFC), with an 11% ...

Order Reprints Print Article Space is cold, but space investing is heating up. Space-linked stocks are rocketing higher Wednesday because a well-known Tesla bull has turned her gaze upward. ARK Invest, founded by technology disruption guru Cathie Wood, is planning a new exchange-traded fund focused on space stocks, based on filings with the Securities and Exchange Commission. Wood,... Close Space is cold, but space investing is heating up. From