Our Vision For NNPC Is Nothing Less than A Global Company - Buhari President Muhammadu Buhari has received the certificate of incorporation of the Nigeria National Petroleum Company Limited, saying the country expects nothing less from the Board of Directors, the Chief Executive Officer, and...

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...

Buhari Writes Senate, Seeks Amendments To PIA           President Muhammadu Buhari has asked the Senate to amend certain provisions of the controversial Petroleum Industry Act. The joint National Assembly committees that worked on the PIB had proposed a five per cent equity share for the development of...

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...

NNPC To Begin Sale Of Shares In 2024, Says Kyari       The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, has said that the earliest the corporation can issue its Initial Public Offer to investors is in the next three years. The NNPC boss...

Trade Ministry Seeks Amendment To PIA, Targets N1bn Revenue       There are indications that the the Federal Ministry of Industry, Trade and Investment has put machinery in motion to push for the amendment of the newly passed Petroleum Industry Act (PIA) to address certain conflict with...