The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reported that the country’s total annual upstream capital expenditure (CAPEX) decreased from $27 billion in 2014 to less than $6 billion in 2022. The Chief Executive Officer of the commission, Mr Gbenga Komolafe, who made this disclosure on the sidelines of the World Petroleum Congress (WPC) in […]
The Centre for the Promotion of Private Enterprise (CPPE) has flawed the provisions of the Finance Bill 2022 now undergoing review in terms of the proposed hike in tax rates in almost all sectors of the economy and advised the fiscal authorities to have a re-think on the provisions. The Centre strongly canvassed for the […]
The Federal Government has concluded arrangements to kick-off the validation phase of the first integrated oil development project in Northern Nigeria on Tuesday as part of sustained efforts to tap into hydrocarbon resources deposits of the country. According to sources at the Presidency, the event to be performed by President Muhammadu Buhari will take place […]
UTM Offshore will tomorrow, November 16, in London sign an agreement for the Front-End Engineering Design (FEED) for Nigeria’s first Floating Liquefied Natural Gas (FLNG) facility with engineering firms KBR, JGC Corporation and Technip Energies. A news report from African Press Organisation (APO) Group on the deal indicated that having signed an agreement to co-finance […]
The Centre for Promotion of Private Enterprise (CPPE), one of Nigeria’s private sector advocacy groups championing the cause of policy-driven economic policies and initiatives, has canvassed a 10-point strategic agenda needed to strongly position the nation’s economy on the path of sustainable growth in the years ahead. The Centre, in a Note signed by its […]
Governor Nyesom Wike on Thursday signed the River State’s Value Added Tax (VAT) collection, Open Grazing Prohibition and other bills, hinging his act on the judgment of the Federal High Court sitting in Port Harcourt which recently ruled that collection of VAT by the Federal Inland Revenue Services (FIRS) on behalf of the Federal Government […]