Federal Government to Revoke Idle Oil Blocks as Nigeria Tightens Upstream Petroleum Oversight
The Federal Government is preparing to begin a mass revocation of idle oil blocks next week, according to the Nigerian...
Tag Archives: #PetroleumIndustry
Auditor-General Flags N39bn MDGIF Under-Remittance From Petroleum Revenue
Nigeria’s Auditor-General has raised concerns over approximately N39 billion in alleged under-remittances to the Midstream and Downstream Gas Infrastructure Fund,...
Auditor-General Flags N431bn Petroleum Levies Owed by Marketers
Petroleum marketers owe more than N431 billion in legacy transport and bridging obligations to Nigeria’s downstream petroleum regulator, according to...
NMDPRA Identifies Crude Supply and Logistics as Drivers of Fuel Price Volatility
The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has identified crude oil sourcing, domestic refining arrangements, logistics and transportation...