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Oil and Gas

Analysts ask FG to adopt phased removal of fuel subsidy

ON the heels of postponement of fuel subsidy removal, the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), the Lagos Chamber...

FG to amend PIA to make room for fuel subsidy removal, says Sylva

THE Federal Government, on Tuesday, said it would be approaching the National Assembly with a proposed amendment on the Petroleum Industry Act (PIA) to...

Analysts tap 2023 election as major reason for suspending petrol subsidy

SOME industry analysts have reacted to the Federal Government's planned suspension of petrol subsidy removal, citing the 2023 general elections as the main reason...
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FG, labour face-off worsens crisis of PMS deregulation in penultimate election year

THE Federal Government's current face-off with the Nigeria Labour Congress (NLC) will likely worsen the crisis of full deregulation of the petroleum downstream sector,...

Lawyers fault action as Seplat terminates Avuru’s appointment

SEPLAT Energy has terminated the appointment of Austin Avuru as non-executive director. In a regulatory filing by the oil firm to the Nigerian Exchange Group...
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Petrol subsidy cuts NNPC’s remittance to N14bn in October, least in 10 months

PETROL subsidy has reduced the Nigerian National Petroleum Corporation (NNPC)'s remittance to the federation account to N14. 85 billion for the month of October.  This...

Upstream Regulatory Commission to explore provisions of PIA in tackling oil spills, says CEO

THE Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has assured on its commitment to tackle oil spills in Nigerian communities using the instrumentality of the...
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