Oil Companies Now To Remit Revenue To Nigerian Government Coffers
President Bola Tinubu issues an Executive Order mandating all oil and gas revenue remittances, including royalty, profit oil, and gas proceeds, be paid directly into the Federation Account, eliminating duplicative deductions under NNPC Limited and the Petroleum Industry Act.
NMDPRA Tightens Retail Oversight, Warns Operators on PIA Compliance
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) reinforces compliance for gas and petroleum retail outlets under the Petroleum Industry Act (PIA), emphasizing safety, pump calibration, and environmental standards.
Dangote Refinery Is Setting New Standards For Cleaner Fuels In Nigeria
Dangote Petroleum Refinery says it is redefining Nigeria’s downstream sector with European and Asian refinery standards, producing cleaner fuels, eliminating scarcity, and positioning itself as Africa’s leading exporter of high-quality petroleum products.
NNPCL Broadens Engagement With JV Partners To Reverse $1.31bn Estimated Oil Export Loss
NNPCL is intensifying engagement with joint venture partners to boost exploration investment and raise crude output after Nigeria’s underproduction against OPEC+ quota caused an estimated $1.31bn oil export revenue loss.
Electricity Supply To Be Disrupted As IBEDC Workers Stand Against DisCos Takeover
Electricity supply in IBEDC franchise areas may face disruption as NUEE workers reject the planned takeover, warning of shutdown if outstanding labour obligations are not settled before ownership transfer.
