Tag: Petroleum Industry Act

Mr Ahmed has been facing allegations of corruption by the industrialist Aliko Dangote, whose refinery is the largest in Africa.

“The 2024 financial results were unveiled today and NNPC recorded a profit after tax of N5.4 trillion at the close ...

The lawmakers observed that the oil and gas firms have repeatedly failed to remit three per cent of their annual ...

Volatile prices, shifting geopolitical alliances, ESG pressures, and the uncertain pace of the global energy transition are squeezing traditional financing ...

Mr Diri said the state needed to have a stake in the company to prevent the “negative fallouts in excluding ...

Former President Muhammadu Buhari died in London on 13 July at 82.

NANS says the corruption allegations against the NMDPRA chief executive were based on unverified information.

NMDPRA said the current production of Dangote refinery is yet to meet the national daily petroleum products sufficiency.

Nigerians now pay their highest prices ever for petrol.

The union said the refineries should be modelled after the Nigerian Liquefied Natural Gas (NLNG) model, which appears to have ...

NNPC said the current increase in petrol pump price does not reflect free market conditions.

Atiku said listing the state oil company on Stock Exchange in line with the PIA would make it more profitable ...

he company noted that the recruitment would be for various positions across various departments within the energy company.

President Tinubu had hoped that deregulating the supply of petrol under the PIA regime would remove bottlenecks in the supply ...

Mr Tinubu promised to implement key reforms in the energy sector, ensure collaboration between security agencies and oil industry operators ...

Mr Kyari explained that the establishment of the Petroleum Industry Act (PIA) helped the NNPC Ltd to improve its operations.

"We also appeal for consistency and uniformity in the use of the company’s brand name which is NNPC Ltd, and ...

Mr Komolafe disclosed this during a meeting with operators of domestic refineries in Abuja on Wednesday.

The Senate noted that the PIA implementation had yet to produced any workable coordination or clearing house by which NNPCL, ...

The lawmakers noted that many oil wells in oil-producing communities are depleted and are no longer commercially viable, resulting in ...

The NNPCL had on Saturday announced management changes and appointed new executive vice presidents

“We have people that compromise, including domestic and foreigners who are all culpable.”

The court ordered the reinstatement of Ifeanyi Ararume as the non-executive chair of NNPCL, and awarded N5 billion damages in ...

High tax burden on businesses is detrimental to investment and job creation, the think tank said.