'Attracting New Investments Under PIA May Be Difficult'       Following the signing of the Petroleum Industry Bill by President Muhammadu Buhari, Fitch Solutions Country Risk & Industry Research has said attracting new oil and gas investment to Nigeria over other destinations is likely to be a...

Petrol Price Remains N162/Litre, Cooking Gas Prices To Drop — FG     The price of Premium Motor Spirit (PMS) otherwise known as petrol will still sell at N162-N165 per litre despite the signing of the Petroleum Industry Bill (PIB) into law, the federal government has said. President...

Fuel Subsidy Still Remains For Now, Says Sylva       The signing of the Petroleum Industry Bill (PIB) into law by President Muhammadu Buhari does not translate into automatic removal of the Premium Motor Spirit (PMS) subsidy, Minister of State for Petroleum Resources Timipre Sylva has assured. Sylva,...

NNPC Begins Shakeup Ahead Of PIB Implementation     Nigerian National Petroleum Corporation (NNPC) has announced a major shakeup in anticipation of the implementation of the Petroleum Industry Bill (PIB). The Corporation, in a statement, said: “Other Chief Operating Officer positions in the Corporation have now been redesignated...

Oil Marketers, TUC Disagree With Senate On Fuel Imports       Fuel marketers and the Trade Union Congress of Nigeria, on Tuesday, expressed their opposition to a provision in the Senate version of the Petroleum Industry Bill that allowed only active refinery licence holders to import petroleum...

Petrol Subsidy Ends After Buhari Signs PIB, Says Sylva     The assent of the Petroleum Industry Bill by President Muhammadu Buhari will put an end to petrol subsidy in Nigeria, the Minister of State for Petroleum Resources, Chief Timipre Sylva, announced on Monday. Sylva announced this while...