No new oil & gas developments has kicked off since PIA was signed
The Petroleum Industry Act (PIA) was passed in August 2021
Tag: PIA
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 ...
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 ...
Major oil marketers to consult on impact of suspension of fuel subsidy removal on PIA
Oil marketers under the aegis of Major Oil Marketers Association of Nigeria (MOMAN) say it is currently seeking consultation with ...
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.
FG proposes 18 months extension for removal of fuel subsidy, seeks amendment of PIA
The Federal Government says it is proposing an 18 months extension of the implementation of the fuel subsidy removal policy. ...
PIA: Senate Upstream Committee promises total commitment in executing Act
The Nigerian Senate’s Committee on Petroleum Resources (Upstream) has stated that it is fully committed towards ensuring the policies of ...
NUPRC moves to close 2020 marginal oilfield bid
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced plans to close out the 2020 marginal field bid round programme ...
IPMAN backs FG’s plans to remove fuel subsidy in 2022
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has stated that it supports the Federal Government’s decision to remove subsidy ...
NNPC allays fears over fuel scarcity, insists there is enough petroleum products supply
The Nigerian National Petroleum Corporation (NNPC) has insisted that there are enough supplies of petroleum products in the country, allaying ...
