EXPLAINER: How deep offshore licencing bid round will unfold
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has released rules governing the operation of the 2023 mini-bid round and while it follows the conventional pattern,…
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Offshore
Nigeria to open bidding for deep offshore oil blocks but will there be takers
Nigeria plans to auction deep offshore oil and gas licenses for the first time in 15 years, according to a senior government official.
The West African country will launch a bidding round…
Offshore capital flows to Emerging Markets slow to $2.1bn in August
Emerging Markets (EM) attracted only $2.1 billion offshore capital flow in August, 86.1 percent decrease from the $15.1 billion recorded in July with most regions recording outflows.
The…
VAT data show Nigeria’s offshore operations stagnating
Full year, 2018 value added tax data published by the National Bureau of Statistics show Nigeria’s offshore operations have been stagnating in the last five years.
A value-added tax (VAT)…
Dodging the issue: Obama’s attack on offshore cash
The debate around US-based multinationals holding cash reserves offshore, in low-tax jurisdictions such as Luxembourg and Ireland, has again been brought to the fore by the US government as…