NNPC’s dividends to FG drops from $11.9 billion to $1.83 billion as PIA kicks in
The dividends from Nigerian National Petroleum Company (NNPC) Limited to the federation account, derived from crude oil and gas sales ...
Tag: Petroleum Industry Act
FG’s bet on deep-water operations draws mixed reactions after IOCs took $82 billion abroad
The country has seen no fresh investment from these IOCs in over a decade, with the last significant deepwater project ...
Atiku demands listing of NNPC on stock market amid alleged privatization of Warri, Kaduna refineries
Former Vice President of Nigeria, Atiku Abubakar, has called for the listing of the Nigerian National Petroleum Corporation (NNPC) Limited ...
The $550 million investment in the Ubeta Field Development Project will boost Nigeria’s domestic gas supply
Nigeria, a leading oil producing nation has struggled to attract the right investments to scale its oil and gas industry, ...
Most oil pipelines in Nigeria were built almost 70 years ago, have outlived their lifespans — Minister
The Minister for State Petroleum Resources, Heineken Lokpobiri, stated that the majority of Nigeria’s oil pipeline infrastructure was constructed around ...
No new oil & gas developments has kicked off since PIA was signed
The Petroleum Industry Act (PIA) was passed in August 2021
Buhari says no more government funding for NNPC, now free from regulations
Buhari expressed optimism that the NNPC Limited would sustainably deliver value to its over 200 million shareholders and the global ...
NNPC, stakeholders meet on soonest implementation of PIA
The Minister of State for Petroleum Resources has said that NNPC has kicked off steps for the implementation of the ...
Cost of fuel subsidy increased by 890% in 5 years – SBM Intelligence
The costs of fuel subsidy in Nigeria increased by 890% over a five year period (2017-2021) in Nigeria even though ...
FG says N3 trillion is required to continue paying for fuel subsidy
The Nigerian government will require the sum of N3 trillion to continue paying for fuel subsidy.
