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Petroleum Industry Act

NISO drives transmission losses down to 7.05 percent

Nigerian Independent System Operator MD Abdu Mohammed Bello says the agency has cut transmission losses to 7.05 percent from near 10 percent at its inception, saving the electricity market between N5 billion and N8 billion monthly.

Nomadic education crisis threatens 10 million Nigerian children

Nigeria's nomadic education crisis has deepened, with over 10 million children in nomadic and migrant communities cut off from classrooms. Abandoned schools, chronic underfunding and insecurity have eroded decades of progress.

Tinubu Signs Executive Order to Boost Oil Revenue Remittances

Tinubu signs Executive Order to eliminate PIA deductions and increase oil revenue remittances to the Federation Account.

FG Moves to Revoke Oil Block Licenses Over Delays

Nigeria’s government plans to revoke oil block licenses held without development, warning investors of strict timelines and no refunds under the current licensing round.

Tinubu Nominates Magnus Abe as Upstream Regulator Chairman

President Tinubu names Magnus Abe to lead the upstream petroleum regulator, seeking Senate approval for new boards under Nigeria’s reformed oil sector.

Petroleum Regulator Chief Quits After Dangote Calls for Probe

KEY POINTS Nigerian petroleum regulator resignation followed public scrutiny and investor pressure. Tinubu nominated...

Nigeria’s Host Community Fund Rises to ₦373bn

Nigeria’s NUPRC says the host community fund has hit ₦373bn, financing hundreds of new projects under the Petroleum Industry Act framework.

NNPCL to Sell Shares Ahead of IPO

The Nigerian National Petroleum Company Limited continues its IPO preparations through partner recruitment for both IPO readiness and investor relations support before its capital market listing.

Dangote Refinery Seeks to Void NNPCL Import Licenses in Court

Dangote Refinery has filed a lawsuit seeking to nullify NNPCL's import licenses and is demanding N100 billion in damages, claiming the licenses undermine local production.

Nigeria’s Gas Exports Drop 25% Amid Low Output and Market Exits

Nigeria's gas exports have fallen by 25% due to low production and market exits, posing significant challenges for the economy and its global energy market role.

Latest articles

NISO drives transmission losses down to 7.05 percent

Nigerian Independent System Operator MD Abdu Mohammed Bello says the agency has cut transmission losses to 7.05 percent from near 10 percent at its inception, saving the electricity market between N5 billion and N8 billion monthly.

Nomadic education crisis threatens 10 million Nigerian children

Nigeria's nomadic education crisis has deepened, with over 10 million children in nomadic and migrant communities cut off from classrooms. Abandoned schools, chronic underfunding and insecurity have eroded decades of progress.

Otti seeks second term to complete Abia’s transformation

Abia State Governor Alex Otti says he would not be seeking re-election if his administration had completed its transformation agenda. He made the declaration at a 10,000-person rally in his Nvosi hometown.

Dangote Refinery Denies Fresh Petrol Price Hike

KEY POINTS Dangote Refinery denied reports of a fresh petrol and diesel price increase,...