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
Tag "Petroleum Industry Act (PIA)"
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
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
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
Senate President Ahmad Lawan has called on President Muhammadu Buhari to transmit a bill to the national assembly to amend
The federal government has signed a memorandum of understanding (MoU) with Equatorial Guinea to supply gas from Nigerian offshore fields
Seplat Energy Plc says it has entered into an agreement to acquire the entire share capital of Mobil Producing Nigeria
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