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WIEN Webinar: FIRS extends compliance deadline for e-Invoicing system
Sopuruchi Onwuka Medium and large companies in Nigeria have been given additional time to comply with the Federal Inland Revenue Service’s (FIRS) new electronic invoicing (e-Invoicing) system, which links corporate transactions directly to tax monitoring platforms. The extension applies to…
Local Content Key to Africa’s Energy Future — NCDMB Boss
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, has said that Africa’s energy future depends on making local content policies and their effective implementation the cornerstone of the continent’s development strategy. Speaking…
FG declares 2025 licensing round to attract investments, boost national revenue
Sopuruchi Onwuka The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the commencement of the 2025 Licensing Round, effective December 1, 2025, setting the stage for the award of new oil blocks expected to unlock fresh investments, enhance national revenue,…
COP30: Energy, climate advocates engage to strike balance
The 30th Conference of the Parties (COP) to the UN Framework Convention on Climate Change (UNFCCC) kicks off today with a babel of voices seeking to negotiate a middle ground that accommodates the economic interests of fossil energy producers and…
Nigeria’s New 15% Fuel Import Duty: Strategic Gamble or Economic Overload?
[By Sola Adebawo] The federal government’s decision to impose a 15% ad valorem import duty on Premium Motor Spirit (petrol) and Automotive Gas Oil (diesel) marks a decisive shift in Nigeria’s energy strategy. Scheduled to take effect from November 21,…
Trump to skip G20 summit, says bad things happen in South Africa’s
President Donald Trump of the United States will abstain from the upcoming summit of the group of world’s biggest 20 economies also called G20, saying that the event should have been hosted by South Africa. The US president who has…
Heirs to inherit over $70trn in 10 years as global poverty worsens
G20 committee demands coordinated response to inequality Sopuruchi Onwuka Descendants of millionaires will inherit over $70 trillion from wealth dynasties in the next 10 years when nearly half of global population is also predicted to increasingly slip into severe food…
NCDMB, partners engage 100 graduates in internship programme
One hundred young graduates of diverse academic disciplines have begun a Graduate Internship Programme jointly sponsored by the Nigerian Content Development and Monitoring Board (NCDMB), Renaissance Africa Energy Company (RAEC) Limited, and the Petroleum Technology Association of Nigeria (PETAN). The…
Nigeria’s petrol price in top range among OPEC peers
FG’s import tariff sets new benchmark for Dangote, others Sopuruchi ONWUKA With the 15 percent tariff slammed on imported petrol and diesel, the domestic petroleum market may have lost price stabilizing force; allowing Dangote and other smaller local refiners to…
Komolafe tasks Bank of America on oil production financing
Sopuruchi Onwuka The Nigerian Upstrean Petroleum Regulatory Commission (NUPRC) has charged the Bank of America to assist the global push for energy security by prioritizing financing support for Nigeria’s upstream sector. Commission Chief Executive, Engr Gbenga Komolafe, who hosted visiting…
