Tag: Petroleum Industry Act

NNPC, Dangote clash over fuel imports as monopoly fears shake Nigeria’s downstream market

Business Damilola Bayonle -
Nigeria’s downstream petroleum sector is facing a major legal and commercial confrontation after the Nigerian National Petroleum Company Limited...

Nigeria’s indigenous oil firms surge under local content reforms as gas, refining investments expand

Business Damilola Bayonle -
Nigeria’s indigenous oil sector expands under local content reforms Nigeria’s indigenous participation in the oil and gas industry has expanded...

Nigeria fuel supply 2026: New NMDPRA boss warns global oil shocks could test energy stability

Business Damilola Bayonle -
Nigeria Fuel Supply 2026 Enters Critical Phase Amid Global Oil Market Tension Nigeria’s fuel supply system is entering a decisive...

Nigeria oil reserves dip as gas resources rise amid shift to cleaner energy strategy

Business Damilola Bayonle -
Nigeria’s oil reserves dip as gas expansion signals energy transition shift Nigeria’s hydrocarbon landscape is undergoing a subtle but significant...

Nigeria opens new oil investment phase as NUPRC advances 2025 bid round

Business Damilola Bayonle -
Nigeria’s upstream oil and gas sector is gaining renewed momentum as regulators push forward with reforms aimed at attracting...

Nigeria cracks down on idle oil assets as NUPRC enforces drill-or-drop rule for oil blocks

Business Damilola Bayonle -
Nigeria’s upstream petroleum regulator has intensified efforts to ensure that oil exploration assets are actively developed, declaring that companies...

Petrol marketers retain old prices despite N95 Gantry reduction by Dangote Refinery

Business Damilola Bayonle -
The Nigerian fuel market is experiencing a striking disparity as petrol marketers retain old prices, even after a significant...

Nigeria suspends petrol import licences as Dangote refinery boosts local fuel supply

Business Damilola Bayonle -
Nigeria’s downstream petroleum market is undergoing a significant shift as regulators move to prioritise locally refined fuel over imported...

Tinubu ends 15-Year OPL 245 dispute, unlocks massive deepwater oil investment for Nigeria

Business Damilola Bayonle -
Nigeria’s oil and gas sector may be entering a new phase of investor confidence following the Tinubu OPL 245...

FG begins direct remittance of oil revenues to FAAC, ends NNPC deductions

Business Damilola Bayonle -
Executive order: FG begins direct remittance of oil revenues to FAAC under new fiscal reset Nigeria’s fiscal architecture entered a...

Tinubu set to amend PIA after sweeping oil revenue order

Business Damilola Bayonle -
President Bola Ahmed Tinubu is set to initiate fresh amendments to the Petroleum Industry Act (PIA) following his recent...

States defend Tinubu’s oil revenue order, say it’s about constitution, not cash windfall

Business Damilola Bayonle -
Oil revenue shakeup: States back Tinubu’s Executive Order State governments have thrown their weight behind President Bola Tinubu’s latest directive...