AuGF: How FIRS, DPR Were Overpaid N837bn In 1 Month   Monies, the report revealed, were moved from the Stabilisation Account for States and the Federal Government by the Presidency for the establishment of an Army Barracks and another sum as investment in the Sovereign Wealth...

Senate Probes Kachikwu, DPR Over Oil Lease Renewal   The Senate has resolved to investigate Nigeria’s imminent loss of $10bn to illegal discounts and rebates granted by Federal Government officials in the process of oil and gas lease renewal. Adopting a motion moved at the plenary on...

DPR To Engage Stakeholders With New Guidelines for LPG Operations   The Department of Petroleum Resources (DPR) has stated that it would engage stakeholders in the Liquefied Petroleum Gas (LPG) sector with a view to fashioning out new guidelines on life threatening practices that are being...

Crude Oil: Kachikwu Commends DPR On Digital Accounting   The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has commended the Department of Petroleum Resources for the digital technological breakthrough in crude oil accounting through the deployment of the National Production Monitoring System platform. Kachikwu, who...

DPR Urged To Conduct Bid Rounds Every Two Years To Stabilise Oil Output   The Department of Petroleum Resources (DPR) has been urged to undertake bid rounds for oil acreages in Nigeria at least once in every two years to help raise and keep production of...

DPR Fines 79 Fuel Marketers N20.3m For Sharp Practices   The Department of Petroleum Resources (DPR) has fined 79 petroleum marketers N20.3 million for engaging in sharp practices during the severe scarcity of petrol that hit major cities and states across the country between December 2017...