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Deji Elumoye, Emmanuel Addeh in Abuja and Dike Onwuamaeze in Lagos President Muhammadu Buhari has raised concerns over the nation’s huge revenue losses due to leakages arising from activities of revenue-generating agencies and has mandated the Federal Inland Revenue Service (FIRS) and other revenue-generating agencies to forthwith block such leakages. He has also directed strict compliance with regulations on tax payment by both local and foreign companies, stressing that no firm should be exempted from tax payment. Besides, the president also pledged to continue the federal government’s ...

By Peter Uzoho The federal government has stated that the National Oil and Gas Excellence Centre (NOGEC) Lagos would enable the country to reduce by half its annual cost of operations in both offshore and remote locations. The Minister of State for Petroleum, Mr. Timipre Sylva, stated this yesterday in Lagos at the launch of the NOGEC and added that the projected 50 per cent reduction would lead to the realisation of the $10 per barrel oil production cost target. The centre, which is sited at the Department of Petroleum Resources (DPR)’s annex in Lagos, was launched virtually in Abuja by Pr...

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Nigeria-Press-Review January 22, 2021 to 10:15 325 APA – Lagos (Nigeria) The call by a panel of experts for a stronger collaboration between the United Kingdom and Africa on mass access to electricity and infrastructure-led recovery from the catastrophic impact of the COVID-19 is one of the leading stories in Nigerian newspapers on Friday. ThisDay reports that a panel of experts has called for a stronger collaboration between the United Kingdom and Africa on mass access to electricity and inf...

By Solomon Asowata Lagos, Jan. 18, 2021 President Muhammadu Buhari will virtually inaugurate the National Oil and Gas Excellence Centre (NOGEC), Lagos, on Jan.21, in a bid to boost the operations of the nation’s petroleum sector, an official of the Department of Petroleum Resources (DPR), has said. Mr Paul Osu, Head, Public Affairs, who made the announcement in a statement issued on Monday, in Lagos, quoted the Director of DPR, Mr Sarki Auwalu, the chief host of the event, as saying that the centre would afford the oil and gas industry the critical elements for competitive advantage, in a ...