Presidential initiative secures concessionary pricing for mobility CNG from NMPDRA
The Nigerian Mainstream And Downstream Petroleum Regulatory Authority (NMPDRa) has reiterated its commitment to supporting the efforts of the Federal Government through the Presidential Compressed Natural Gas Initiative (PCNGI), aimed…
It will impact prices – Tinubu commends Dangote over 60% reduction of diesel price
President Bola Tinubu has commended the enterprising feat of Dangote Oil and Gas Limited in reducing the gantry price of Automotive Gas Oil (AGO), also known as diesel. The Group…
Tinubu orders reduction of Oil and Gas contract timelines from 36 to six months
| FG set to increase oil and gas production with new investment climate - Adviser The Special Adviser to the President on Energy, Mrs. Olu Verheijen yesterday said the administration…
Tinubu signs executive orders introducing fiscal incentives, timelines for oil and gas sector
President Bola Ahmed Tinubu has issued Policy Directives to improve the investment climate and position Nigeria as the preferred investment destination for the oil & gas sector in Africa. Following extensive…
Removal of petrol subsidy necessary for long-term economic prosperity – Tinubu
President Bola Tinubu has stated that the decision of his administration to remove subsidy on Premium Motor Spirit (PMS) or petrol was premised on the need to ensure long-term energy…
Nigeria’s interventions in oil and gas sector to safeguard investment value – Tinubu
President Bola Tinubu says his administration will continue to provide the needed interventions in the oil and gas industry in line with the provisions of the Petroleum Industry Act (PIA).…
NNPC fulfils promise, delivers rehabilitated Port Harcourt refinery in schedule
The Nigerian National Petroleum Company (NNPC) Ltd. has fulfilled its pledge of achieving the mechanical completion of rehabilitation work on Area 5 Plant of the Port Harcourt Refining Company (PHRC).…
Tinubu stops collection of VAT, import duty on cooking gas
The federal government has announced the exemption of the importation of liquefied petroleum gas (LPG) and its equipment from the payment of customs duty and value-added tax (VAT). The development…
Petrol scarcity looms as tanker drivers launch protest, vow to dump NUPENG
The Petroleum Tanker Drivers (PTD) have launched a nationwide protest and threatened to severe ties with their parent union, the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) if…
FG to cancel refinery licences not in use – Petroleum minister
Dr Heineken Lokpobiri, minister of state for petroleum resources (oil) said the licences of refineries not in use will be cancelled. He was speaking in Bayelsa at the weekend following…