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Tag "Petroleum Industry Act (PIA)"

Senate committee: Nigeria lost N1.3trn to oil theft in 8 months

    Senate committee: Nigeria lost N1.3trn to oil theft in 8 months

The senate committee investigating oil theft and its consequent damage to the country’s economy says Nigeria lost N1.3 trillion ($2 billion) to oil theft between January and August 2022. The

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PIA: Oil and gas investors to get 10-year tax vacation, says Sylva

    PIA: Oil and gas investors to get 10-year tax vacation, says Sylva

Timipre Sylva, minister of state for petroleum, says oil and gas investors will get a 10-year tax vacation at the full implementation of the Petroleum Industry Act (PIA). A tax

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EXPLAINER: Increased output, higher revenue… what Nigeria stands to gain from NNPC’s OML deals

    EXPLAINER: Increased output, higher revenue… what Nigeria stands to gain from NNPC’s OML deals

The Nigerian National Petroleum Company (NNPC) Limited, on Friday, renewed oil production sharing contracts (PSCs) with its partners — after nearly three decades. The renewal is in line with the

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NGF: It’s ironic NNPC continued to declare profit but made zero remittance to FAAC

    NGF: It’s ironic NNPC continued to declare profit but made zero remittance to FAAC

The Nigeria Governors Forum (NGF) has faulted the zero remittance of the Nigerian National Petroleum Company (NNPC) Limited to the federation account in recent months. Kayode Fayemi, chairman, NGF and

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Petrol subsidy: Lawan asks Buhari to transmit bill for amendment of PIA

  Petrol subsidy: Lawan asks Buhari to transmit bill for amendment of PIA

Senate President Ahmad Lawan has called on President Muhammadu Buhari to transmit a bill to the national assembly to amend

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Nigeria signs gas supply deal with Equatorial Guinea

  Nigeria signs gas supply deal with Equatorial Guinea

The federal government has signed a memorandum of understanding (MoU) with Equatorial Guinea to supply gas from Nigerian offshore fields

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Seplat acquires Mobil Producing Oil assets from ExxonMobil for $1.3bn (updated)

  Seplat acquires Mobil Producing Oil assets from ExxonMobil for $1.3bn (updated)

Seplat Energy Plc says it has entered into an agreement to acquire the entire share capital of Mobil Producing Nigeria

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