74 Marketers Get N348b fuel subsidy refund The Senate has approved the payment of over N348 billion outstanding oil subsidy claims to 74 petroleum marketers. The upper chamber gave the approval following its adoption of the interim report of its Committee on Petroleum (Downstream) on the...

PIB: NNPC Calls for Basic Fiscal Terms The Nigerian National Petroleum Corporation (NNPC) has urged the Senate to consider simplifying the fiscal provisions in the Petroleum Industry Fiscal Bill (PIFB) to ensure easy implementation of the law. Group Managing Director of the corporation, Dr. Maikanti Baru,...

Senate Tells NNPC To End Fuel Scarcity In Seven Days The Senate has asked the Nigerian National Petroleum Corporation to end the lingering scarcity of Premium Motor Spirit (petrol) within seven days. This was part of the resolutions made by the upper chamber of the National...