Tag: Petroleum Industry Act

NUPRC says 53.7 million barrels of crude oil and condensate were supplied to local refineries between April and June 2026 ...

NUPRC says 13 oil blocks were returned to the government’s licensing basket after they failed to attract bids

Participants at a recent workshop in Akwa Ibom State emphasised that many oil-producing communities remain unaware of their legal rights ...

NNPC argued that Dangote refinery’s lawsuit against fuel import licences could create a monopoly, threaten supply security and destabilise Nigeria’s ...

Although crude oil producers offered more volumes than allocated under Nigeria’s Domestic Crude Supply Obligation in the first quarter of ...

The NUPRC said that while gas reserves recorded growth driven by discoveries, oil reserves declined slightly due to production and ...

A new assessment revealed deep governance gaps, weak environmental action, and poor energy-transition planning among Host Community Development Trusts in ...

As Nigeria marks Gas Day at NIES 2026, energy regulators and government officials are calling for decisive action to translate ...

The discussants agreed that alignment between policy, capital discipline, infrastructure investment and genuine community engagement could unlock significant growth across ...

The NNPC Boss acknowledged that years of underinvestment have constrained Nigeria’s production potential, making it unrealistic to expect rapid output ...

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 ...