The Federal Government, yesterday, officially scrapped the Department of Petroleum Resources (DPR), Petroleum Products Pricing Regulatory Agency (PPPRA) and the Petroleum Equalisation Fund (PEF). Following the passage and implementation of the Petroleum Industry Act (PIA), the Upstream Regulatory Commission and Nigerian Midstream and Downstream Petroleum Regulatory Authority (NPRA) are to[Read More…]
Tag: department
Shelve Plans Of $1.5bn World Bank Loan, DPR Warn FG
The Department of Petroleum Resources (DPR) says it has advised the federal government to consider withdrawing a $1.5 billion loan request sent to the World Bank. In a statement on Friday, the agency said it has remitted $1.03 billion to the federal government with an additional $600m underway from oil[Read More…]
DPR Remits N673BN To Federation Account In Six Months
Department of Petroleum Resources (DPR) recently said it remitted N673.72 billion to the federal government coffers in the first half of 2020. The disclosure came against the backdrop of a recent query by the Senate accusing DPR of remitting N44.5 billion into the Consolidated Revenue Fund (CRF) out of the[Read More…]
DPR Stops Illegal Mobile GAS Distribution
The Department of Petroleum Resources Lagos Zonal office,( Gas Unit) in Collaboration with NSCDC during its surveillance visit arrested a mobile Gas operator with a vehicle laden with 1MT LPG Tank with dispensing unit accessories and weight bridge used in dispensing same products within Isheri road, Berger, Lagos. Due to[Read More…]
DPR Shuts Down Errant Filling Stations for Not Complying with New Petroleum Pump Price
The Department of Petroleum Resources is enforcing the new price range of N121.5 to N123.5/litre for petrol at filling stations across the country and has shut down errant outlets selling above the stipulated rate. It was gathered that all zonal operations controllers of the DPR agreed to inspect and enforce[Read More…]
DPR to commence clampdown on ilegal gas plants in Kwara soon – Official
The Department of Petroleum Resources (DPR) in Kwara, on Friday, says it will soon clampdown on illegal gas outlets operating in various parts of the state. The DPR Head of Operations in Kwara, Mr Oyedele Ibitayo, disclosed this in Ilorin DPR had earlier embarked on a road show on Gas[Read More…]
DPR warns against sales of gas in residential areas
The Department of Petroleum Resources (DPR), Osogbo Field Office, has warned skid gas operators against sales of liquefied petroleum gas (LPG) in residential areas in the state. Mr Olusegun Daboh, DPR’s Operations Controller, said on Sunday in Osogbo, said the warning had become imperative in order to avoid fire outbreak.[Read More…]
DPR shuts down 42 illegal gas stations in A’Ibom
The Department of Petroleum Resources(DPR) has closed down at least 42 illegal gas stations in Akwa Ibom State for allegedly engaging in unsafe practices. DPR operations controller in the state, Tamunoiminabo Kingsley-Sundaye,who disclosed this to journalists in Eket local government area recently said the stations were shut down between Jan[Read More…]
manual processing of licences permits suspended – DPR
The Department of Petroleum Resources (DPR) has suspended the manual processing of all downstream application for licenses and permits. The agency explained further that to replace the manual process, it has launched its digitization initiative for downstream operations under the ‘Automated Downstream System’ (ADS) program. The digital initiative according to[Read More…]
DPR seal gas stations in Delta over offences
The Department of Petroleum Resources (DPR), Warri Zonal Office yesterday said it has sealed 10 gas plants and 40 gas retail shops over various offences in Delta. Engr. Victor Ohwodiasa, the Manager, Gas division, Warri led a surveillance team of the regulatory agency on the routine exercise on behalf of[Read More…]
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FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]