PENGASSAN Rejects Presidential EO on Oil and Gas Revenue Remittance
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) rejects President Bola Ahmed Tinubu’s Executive Order on oil and gas revenue remittance, citing breaches of the Petroleum Industry Act (PIA) and warning of investor uncertainty.
Customs Vows Tougher Enforcement as Eastern Marine Command Records N172.4m Seizures
The Nigeria Customs Service (NCS), Eastern Marine Command, pledges stronger enforcement after seizing contraband worth N172.4 million over three months, emphasizing maritime security and trade facilitation.
Nigeria Should Move Beyond Exporting Raw Hydrocarbons — IPPG
The Independent Petroleum Producers Group (IPPG) urges Nigeria to shift from exporting raw hydrocarbons to building in-country value, as crude oil production rises to 1.64mbpd in 2025
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.
