PIA: Tinubu moves to transfer concessionaire powers from NNPCL to NUPRC in major shakeup
...MOFI to take control of NNPCL shares By Obinna Uballa Nigeria’s oil and gas industry is set for another major shake-up as President Bola Tinubu has reportedly approved sweeping proposed amendments to the Petroleum Industry Act (PIA) 2021, transferring ownership and concessionaire powers away from the Nigerian National Petroleum Company Limited (NNPCL). In a notice…
September 14, 2025 • News
