No Job Loss For Officials Of Defunct DPR, PEF, PPPRA - Sylva   The Minister of State for Petroleum Resources, Chief Timipre Sylva, yesterday allayed the fears of the defunct Department of Petroleum Resources (DPR), Petroleum Products Pricing Regulatory Agency (PPPRA) and the Petroleum Equalisation Fund...

Still On Orosanye Report And The Public Service Reforms, by Labaran Saleh     This week, the Federal Government officially scrapped the Petroleum Products Pricing Regulatory Agency (PPRA), the Department of Petroleum Resources (DPR) and the Petroleum Equalisation Fund (PEF). The Minister of State for Petroleum Resources, Chief...

FG Scraps PPPRA, DPR, PEF, Dimisses CEOs, Inaugurates New Agencies   The Petroleum Products Pricing Regulatory Agency , the Department of Petroleum Resources and the Petroleum Equalisation Fund are all officially scrapped and do not exist anymore, the Federal Government said on Monday. It also said while...

PIA’ll Boost Nigeria’s Oil Production By 317% To 4m bpd — FG   The Federal Government has said that the implementation of the newly enacted Petroleum Industry Act (PIA) will boost the oil production capacity of Nigeria by about 317 percent to four million barrels per...

Shift From Fossil Fuels Threatening Nigeria, Others – W/Bank   The World Bank has said that the wealth value of Nigeria and some countries with abundant nonrenewable energy or recent oil and gas discoveries will be at risk due to a shift from oil, gas and...

President Buhari Appoints NEITI Into PIA Committee           President Muhammadu Buhari has approved the appointment of the Nigeria Extractive Industries Transparency Initiative (NEITI) into the Petroleum Industry Act (PIA) Implementation Steering Committee. The president’s approval of the appointment of the transparency and extractive industry watchdog into the...