Tag:Petroleum Industry Act

Business

NUPRC Gives Oil Block Owners October 31 Deadline, Threatens Licence Revocation

  The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has warned oil and gas block holders to commence development activities on their assets by October 31,...
Akeem Adebayo -
Business

FG Backs EITI, Promises Tougher Transparency, Revenue Tracking In Oil Sector

  The Federal Government has reaffirmed its commitment to the Extractive Industries Transparency Initiative (EITI), promising stronger public disclosure, revenue reconciliation, independent audits and greater...
Akeem Adebayo -
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 -
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 -
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 -
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 -
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 -
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 -
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ECOWAS Court President Raises Alarm Over Enforcement of Judgments

  …Seeks stronger cooperation with Commission to deepen regional justice   The President of the ECOWAS Court of Justice, Justice Charlyne Brumskine,...
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Politics

2027: Tinubu Begs North for Second Term, Blames Opposition for Hardship

  …Promises prosperity, defends subsidy removal …Shettima, Yari, Uba Sani tout infrastructure, education, security projects President Bola Tinubu has appealed to Nigerians,...
Politics

2027: ADC, MDPCO Knock Tinubu Over Kaduna Rally, Allege Poor Turnout

  …Accuse APC of recycling promises, question highway project claims …MDPCO urges President to step aside for Makinde Two opposition campaign organisations,...

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news

ECOWAS Court President Raises Alarm Over Enforcement of Judgments

  …Seeks stronger cooperation with Commission to deepen regional justice   The...
Politics

2027: Tinubu Begs North for Second Term, Blames Opposition for Hardship

  …Promises prosperity, defends subsidy removal …Shettima, Yari, Uba Sani tout...

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