Tag: DPR
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Forensic audit report indicts DPR for Nigeria’s oil loss
Nigeria’s huge oil loss estimated at 600, 000 barrels of crude per day has been a major source of concern to the government and stakeholders, prompting an investigation which has now indicted the Department of Petroleum Resources (DPR). Historically, Nigeria has been the largest exporter of oil in Africa, despite a lack of infrastructure that…
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FG scraps DPR, PEF, PPPRA; announces takeover agencies, CEOs
The Federal Government has scrapped the Department of Petroleum Resources (DPR), Petroleum Equalisation Fund Management Board (PEF[M]B), and Petroleum Product Pricing Regulatory Agency (PPPRA).
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DPR to enable NNPC to deliver value to Nigeria – Auwalu
DPR to enable NNPC to deliver value to Nigeria – Auwalu
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Why cost of cooking gas is skyrocketing
The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has explained that the reintroduction of value added tax (VAT) on Liquefied Petroleum Gas (LPG), also known as cooking gas, is the reason why the cost of the commodity is skyrocketing. TheNewsGuru.com (TNG) reports Mr Bassey Essien, Executive Secretary, NALPGAM, who made this known in Lagos…
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Senate urges DPR to enforce ban on illegal cooking gas retailers
The Senate has urged the Department of Petroleum Resources (DPR) to clamp down on illegal roadside retailers of Liquefied Petroleum Gas (LPG). This, the Senate said was to enhance safety in the country. The resolution was sequel to a motion moved by Sen. Ibikunle Amosun (APC-Ogun) during plenary on Tuesday. The motion was “On the…
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Nigeria concludes marginal field bid round 18 years after
The Department of Petroleum Resources (DPR) yesterday concluded the 2020 marginal oilfield bid round, the first successful bid since 2003 when 24 assets were put on offer. The process, which culminated in the presentation of letters to the bid winners in Abuja by the industry regulator, started in June last year, with 57 marginal fields…
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Financial crisis: How DPR rescued Nigeria in April – Sylva
The Minister of State for Petroleum Resources, Timipre Sylva on Tuesday revealed that the Department of Petroleum Resources (DPR) rescued Nigeria from a financial crisis by remitting funds to the Federation Account Allocation Committee (FAAC) last month. He disclosed this in Abuja during an interactive session with newsmen. The Nigerian National Petroleum Corporation (NNPC) had…
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DPR denies revoking 32 refinery licences
The Department of Petroleum Resources (DPR) has denied revoking 32 refinery licenses issued to private companies in Nigeria. Mr Paul Osu, Head, Public Affairs, DPR, made the clarification in a statement on Tuesday in Lagos. “We wish to clarify that DPR did not revoke any refinery licence. “Refinery licenses, like our other regulatory instruments have…
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DPR addresses Easter fuel scarcity fears
The Department for Petroleum Resources (DPR) has assured Nigerians of adequate supply of petroleum products before, during and after the Easter celebrations, dousing fears of possible fuel scarcity. Mr Paul Osu, Head, Public Affairs, DPR made this known in a statement issued on Wednesday in Lagos State. The Federal Government had declared April 2 and…
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DPR begins sealing petrol filling stations for selling above official pump price
The Department of Petroleum Resources (DPR) has sealed two filling stations in Gusau for violating its rules and regulations. The Operations Controller in charge of Gusau DPR Office, Alhaji Yusuf Shehu, told newsmen of the sealing after a routine surveillance on filling stations in Gusau on Monday. Shehu said that one of the two filling…