petroleum industry act
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Nigeria Dangote vs. NNPC: Court to Decide on Oil Import Licence Dispute
A Federal High Court in Abuja will hear NNPC’s objection to Dangote Refinery’s lawsuit over an oil import licence on February 5. The refinery seeks to nullify import licenses issued to oil firms, citing violations of the Petroleum Industry Act. The court directed Dangote to file a response...- Nigeria News
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- 2 min read
- dangote refinery nigerian court nnpc oil import licence petroleum industry act
- Category: Business
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Nigeria Dangote Refinery Challenges NMDPRA's Import Licenses in Federal Court
Dangote Refinery has filed a lawsuit against the NMDPRA, seeking to annul import licenses granted to several companies for petroleum products already produced domestically. The refinery claims these actions undermine its operations, demanding N100 billion in damages and an injunction against...- Nigeria News
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- 2 min read
- dangote refinery import licenses nmdpra petroleum industry act
- Category: Business
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Nigeria Atiku Abubakar: NNPCL's Claim of Privatization is a Facade
Former Vice President Atiku Abubakar criticized the Nigerian National Petroleum Corporation Limited (NNPCL) for claiming to be a private entity while acting as the federal government’s financial backbone. He called for its listing on the stock exchange to enhance transparency and profitability...- Nigeria News
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- 2 min read
- atiku abubakar nigerian national petroleum corporation nnpcl petroleum industry act
- Category: Politics
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Nigeria NUPRC Addresses Concerns Over Oando Acquisition
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) confirmed that the Oando-NAOC divestment followed the Petroleum Industry Act. NUPRC addressed concerns regarding transparency, emphasizing that both the Oando acquisition and the Equinor-Chappal transaction complied with established...- Nigeria News
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- 2 min read
- divestment deal naoc nuprc oando oil and gas petroleum industry act
- Category: Business
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Nigeria Dangote Urges NUPRC to Enforce PIA, Criticizes Reliance on International Middlemen
Dangote Petroleum Refinery urges NUPRC to enforce the Petroleum Industry Act's domestic crude supply obligation, allowing direct purchases from Nigerian producers. The refinery's management highlights the financial burden of buying crude from international traders and calls for the enforcement...- Nigeria News
- Article
- 1 min read
- dangote refinery nuprc petroleum industry act
- Category: Business
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