Economy News Extra Latest News Oil & Gas Revenue Taxation

DPR Generates N2.24Trn, Targets N5Trn By Year End 2021

The Director of the Department of Petroleum Resources (DPR), Engr. Sarki Auwalu, has disclosed that the department generated N2.24 trillion as at August this year, representing 70 percent of its earlier N3.2 trillion revenue target. Auwalu, who disclosed this when he led a team of DPR management on a courtesy visit to the Executive Secretary […]

Economy News Extra Investments/Capital Market Latest News Oil & Gas

Matrix Energy, A.A Rano, Others Get Marginal Oil Field Licences

The Department of Petroleum Resources (DPR) on Monday awarded marginal oil field licences to some indigenous oil companies, including A.A. Rano, Shafa Exploration, Matrix Energy, Vhelblerg Exploration and a few others barely a year after 2020 marginal field bid round was opened. Some other winners of the licensing round include, Sigmund Oil Field, Emadeb Energy, […]