Tag:Petroleum Industry Act

news

Fuel Subsidy: APC Campaign Council Bombards Atiku With Questions

The All Progressives Congress Presidential Campaign Council (APC-PCC) has challenged former Vice President Atiku Abubakar to explain the legal, fiscal and operational framework behind...

Roland Edet - September 20, 2026

Energy

NUPRC Enforces Drill-or-Drop Rule, Gives Oil Licence Holders Oct 31 Deadline

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has moved to enforce the “drill-or-drop” provisions of the Petroleum Industry Act 2021 against holders of non-performing...

Akeem Adebayo - September 19, 2026

Business

NMDPRA: We Don’t Fix Petrol Prices, Market Determines Pump Cost

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has clarified that it does not determine or fix the retail pump price of Premium...

Akeem Adebayo - September 19, 2026

Energy

NUPRC Warns: Idle Gas Flare Site Awards Face Revocation

Awardees of gas flare sites risk losing their permits if they fail to utilise them, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has warned...

Akeem Adebayo - September 9, 2026

Energy

Nigeria’s Oil Regulator Accelerates Auctions and Tightens Rules to Reverse Output Decline

Nigeria’s upstream regulator is accelerating the pace of oil licensing rounds and introducing stricter “drill-or-drop” conditions in an attempt to reverse more than a...

Akeem Adebayo - September 7, 2026

Energy

NUPRC Clarifies $300 Helicopter Levy for Offshore Oil Operations

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has clarified the application of the US$300 helicopter levy for air navigational services, confirming that the charge...

Akeem Adebayo - September 1, 2026

Energy

NUPRC Registers 172 Host Community Trusts Under Petroleum Industry Act

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that 172 Host Communities Development Trusts (HCDTs) have been incorporated by oil and gas companies,...

Akeem Adebayo - August 31, 2026

Energy

PENGASSAN: Nigeria’s Refineries Shut Over Losses, Not Failure to Produce

ABUJA — Nigeria’s state-owned refineries were shut down because their operations were commercially unviable, not because they had completely stopped producing petroleum products, outgoing...

Toyin Adebayo - August 11, 2026

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