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July 2020

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This blog page is to update and inform you about contemporary issues.Our blog is a Knowledge Centre on Tax & Business Management.

This blog page is informative, interactive and easy-to-use platform for connecting with and sharing timely and relevant information with you. Our blog page also avail you opportunity to contribute and express your opinion on Tax & Business Management.

SOW blog also features diary-type commentary and links to articles on Tax & Business Management on other websites, usually presented as a list of entries in reverse chronological order.

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NipeX Product Code Selection

NipeX Product Code Selection

NipeX Product Code Selection/DPR Mapping

For ease of administration and understanding, products and services available in the Oil & as Industry in Nigeria are classified or categorize into respective coding.

This coding were as agreed by he major stakeholders in the Industry, which are NipeX (the Regulator) and the International Oil & Gas Companies (Operators)

It is very important for players in the Industry to understand how this Product Codes relates to the products/services you wish to render or supply in the industry, before registering with NipeX or DPR. So, in order not to obtain a wrong licence from DPR,that may not work with NipeX, it is imperative to confirm the category with NipeX, before commencing registration with DPR.

With the rigorous process involve in registering with NipeX, DPR and those Agency of Government involve in the Oil & Gas Industry, failure to choose the right Product Codes for registration purpose at the beginning may be devastating and laborious, hence, the emphasis on knowing and choosing the right Product Codes.

In order to get full knowledge about Product/Service Codes Selection and  Appropriate DPR Permits, kindly download attached, to see the Revised Product/ Service Codes for NipeX as issued by the Agency.

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Importance Of Organisational Design

Importance of Organisational Design

Importance of Organisational Design

Importance of Organizational Design

Importance of Organizational Design – SOW

Organizational design is the process of creating the hierarchy within a company. It is a step-by-step methodology which identifies dysfunctional aspects of work flow, procedures, structures and systems, realigns them to fit current business realities/goals and then develops plans to implement the new changes.

Importance of Organisational Design in organisation can never be played down. For most companies, the design process leads to a more effective organization design, significantly improved results (profitability, customer service, internal operations), and employees who are empowered and committed to the business. The hallmark of the design process is a comprehensive and holistic approach to organizational improvement that touches all aspects of organizational life

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Importance Of Organisational Structure

Importance of Organisational Structure

Importance of Organisational Structure

An organizational structure can be describe as a system that outlines how certain activities are directed in order to achieve the goals of an organization. These activities can include rules, roles, and responsibilities.

Organizational structure also determines how information and directives flows among the levels of operations within the organisation.

Importance of Organizational Structure – SOW

Organizational Structure – SOW

All businesses, both large and small, benefit from well-defined organizational structure. In order for a company to accomplish its strategic mission and acheive its objectives, it needs to develop an effective structure. There are various forms of organizational structures, formal and informal, that can benefit companies, depending on their particular operating needs. Each organizational structure type has its advantages and disadvantages, but whichever style a company selects, a well-structured organization can not only grow as it meets customers’ needs, it can also adapt quickly to environmental, social and economic changes.

With the ongoing global pandemic COVID-19 paying critical attention to organizational structure has become more important now than ever before. Paying due cognizance to organizational structure will help to lay out, who does what, so the company can meet its objectives.

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