NUPRC since the Petroleum Industry Act: Progress and challenges
The Commission publicly rejected allegations of irregularities in the 2024 licensing round, asserting full compliance with statutory guidelines.
Tag: Petroleum Industry Act
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Stable regulatory frameworks driving upstream investment in Africa
By restructuring the national oil company, strengthening governance, and introducing fiscal incentives, the PIA has attracted more than $17 billion in foreign direct investment into Nigeria’s oil and gas industry.
NNPC Ltd faces financial strain due to PMS supply costs, impacting supply sustainability
We are actively collaborating with relevant government agencies and other stakeholders to maintain a consistent supply of petroleum products nationwide.
IOCs still causing crude supply crisis, Dangote refinery cries out
Dangote Group alleged that the IOCs insisted on selling crude oil to its refinery through their foreign agents,