Industry

The ninth Senate has commended President Muhammadu Buhari for giving his presidential assent to the PIB for an Act to Provide Legal, Governance, Regulatory and Fiscal Framework for the Nigerian Petroleum Industry, the Development of…
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…Govt To Reduce Shock Of Fuel Subsidy Removal On Nigerians The Group Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, has said that the three per cent host communities funds provided by the new…
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The Organisation of Petroleum Exporting Countries, OPEC, Monday, said that Nigeria stands a chance to increase its crude oil reserves to 40 billion barrels, from 37 billion barrels as President Muhammadu Buhari signs the nation’s…
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...Hails Buhari for signing bill into law Speaker of the House of Representatives, Rep. Femi Gbajabiamila, has said that Nigeria’s oil and gas industry will now receive a boost and facilitate investments and transparency with the…
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A fresh disagreement is brewing over the decision of the Federal Government to re-introduce a 7.5 Value Added Tax (VAT) on imported Liquefied Natural Gas(LPG), popularly known as cooking gas. The Department of Petroleum Resources…
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*Says law coincides with Nigeria’s 50th anniversary as OPEC member By Teddy Nwanunobi The Organisation of Petroleum Exporting Countries (OPEC), on Monday, congratulated President Muhammadu Buhari for inaugurating a new era for…
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*To deploy autogas infrastructures across its service stations An Ikoyi Federal High Court has ordered owners of Ascon Oil Company Limited, Quest Oil & Engineering Services Limited, to re-claim a petrol station located at Block…
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The signing of the Petroleum Industry Bill (PIB) into law by President Muhammadu Buhari does not mean automatic removal of the Premium Motor Spirit (PMS) subsidy, according to the Major Oil Marketers Association of Nigeria (MOMAN). …
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The Nigerian National Petroleum Corporation, NNPC, has admitted to reaching the mark of their trading surplus for the month of April 2021 to the tune of N43.57bn. According to the report which covered its financial and operations…
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The Pan Niger Delta Forum (PANDEF) has kicked against the signing of the controversial Petroleum Industry Bill (PIB) 2021 into law. The group led by elder statesman, Chief Edwin Clark, said the signing of the bill that provides 3…
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