PIA: DPR, PPPRA, other agencies cease to exist, says Sylva
By Bassey Udo The take-off of the newly enacted Petroleum Industry Act (PIA) means the Department of Petroleum Resources (DPR), the Petroleum Products Pricing Regulatory Agency (PPPRA) and the Petroleum…
Buhari replaces CEO nominee for Nigerian Mid/Downstream Pet. Regulatory Authority Board
By Bassey Udo President Muhammadu Buhari on Wednesday appointed the former Executive Secretary, Petroleum Products Pricing Regulatory Agency (PPPRA), Farouk Ahmed, as the Chief Executive Officer for the Board of…
Why NEITI, DPR have to work more to sustain, deepen contract transparency, beneficial ownership
The Nigeria Extractive Industries Transparency Initiative (NEITI) and the Department of Petroleum Resources (DPR) have more work to do to sustain and deepen contract transparency implementation and beneficial ownership disclosures in…
FIRS, DPR dwarf NNPC in FAAC remittances in first quarter 2021 – RMAFC
Revenue generating agencies in the country remitted over N1.5trillion into the Federation account in the first quarter of 2021, the Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC),…
Buhari orders DPR to reverse revocation of 4 oil licenses to Addax, Chinese oil firm
Barely two weeks since the petroleum industry regulator, the Department of Petroleum Resources (DPR) announced the revocation of four oil mining licenses (OMLs) awarded to Addax Petroleum Nigeria Limited (APNL),…
Real reason why fuel queues have resurfaced nationwide
Despite the explanations by the Nigerian National Petroleum Corporation (NNPC) on why long fuel queues of anxious motorists have resurfaced outside filling stations nationwide, findings show the real reason could…
PPPRA, others meet to review fuel pricing template for April
An adjustment in the existing retail price for premium motor spirit (PMS), popularly called petrol appears to be in the offing for April, indications to that effect emerged on Friday…
DPR wants gas prices to be deregulated to guarantee investors’ returns
The prices of natural gas should be deregulated by allowing the market forces of demand and supply to be a determinant factor, the Department of Petroleum Resources (DPR) has said.…
AITEO tackles Shell, 7 Nigerian banks over unpaid royalty, disputed debt
One of Nigeria’s indigenous operators in the country’s oil and gas industry, AITEO E&P, has disputed claims that it was owing Shell Nigeria and seven Nigerian banks over $900million in…
Only clear fiscal framework in PIB’ll enhance Nigeria’s gas development – Kyari
The establishment of a legislative framework to clearly spell out fiscal terms in the oil and gas industry through the passage of the Petroleum Industry Bill (PIB) would allow the…