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...

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...

PEF Plans To Subsidise Cooking Gas Transportation       The Petroleum Equalisation Fund (Management Board) on Sunday charged oil marketers to start moving Premium Motor Spirit, popularly called petrol, through the expanding rail network across the country. PEF also announced moves being made by the agency to equalise...

PIB: FG Plans Single Regulator For Midstream, Downstream Sectors       The Federal Government plans to set up Nigerian Midstream and Downstream Petroleum Regulatory Authority to regulate operators in the midstream and downstream oil industry, under the new Petroleum Industry Bill (PIB). The new PIB is currently before...

PIB: FG To Add Strategic Reserves’ Financing Cost To Fuel Price         The Federal Government is proposing the addition of the costs of managing the national strategic stocks of petroleum products to the retail price of the commodities. The proposal, which is included in the 2020 Petroleum...

President Muhammadu Buhari has approved new Chief Executive Officers (CEOs) for 13 Federal Government agencies. In a statement by by the Director of Press in the Office of the Secretary to the Government of the Federation, Bolaji Adebiyi, those appointed include Mr. Joseph Ari as...