A consortium of investors from South Korea has concluded plans to build four 100,000-barrel capacity refineries in various locations in Nigeria, the Federal Government...
Federal Government has hinted of plans to cancel most of the licences granted to marginal oil field operators which have remained non-operational. Gbenga Komolafe,...
Host Communities of Nigeria (HOSCON) has said that in almost two years after the Petroleum Industry Act (PIA) was enacted, oil companies indebtedness to...
The Federal Government says the Petroleum Industry Act (PIA) has addressed the relationship with host communities with the creation of the Host Community Development...
Nigeria and Equatorial Guinea on Tuesday signed a landmark Memorandum of Understanding (MoU) to supply gas from Nigerian offshore fields to the neighbouring Equatorial...
As the Federal Government commenced full implementation of the Petroleum Industry Act (PIA) in earnest, the new legislation has been tipped to provide business...
The Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, has said the annual subsidy on Premium Motor Spirit (petrol) will...
Nigerian governors from the Southern region on Thursday insisted that their states have the right to collect Value Added Tax (VAT). The governors made...
Dr Sani Gwarzo, Permanent Secretary, Ministry of Petroleum Resources, Says effective implementation of the Petroleum Industry Act (PIA) will drive purposeful investment in the...
Mele Kyari, Group Managing Director of the Nigerian National Petroleum Company Limited (NNPC), says there is provision in the Petroleum Industry Act (PIA) that...