Saturday, 1st April 2023
Breaking News:

Petroleum Equalisation Fund

31 Oct
Prominent human rights lawyer, Femi Falana, has asked the Federal Government, especially the Nigerian Midstream Downstream Regulatory Authority (NUPRC), to provide details of a N17 billion contract approved by the Federal Executive Council...
10 May 2021
The Executive Secretary, Petroleum Equalisation Fund (PEF), Alhaji Ahmed Bobboi says plans are in the pipeline to commence transportation of petroleum products through rail lines to save cost.
10 Jul 2019
Worried that corruption cases against public officials, especially those related to the Petroleum Equalisation Fund (PEF), may not be properly handled, a Civil Society Organisation, Human and Environmental Development Agenda (HEDA), has called for conclusive investigation of cases and complete recovery of all monies and assets associated with corrupt enrichment.   Furthermore, the Group urged…
18 Jan 2019
The Federal Government through the Petroleum Equalisation Fund (PEF) has in Abuja, revealed plans to kick-off equalisation of Liquefied petroleum gas (LPG) otherwise called cooking gas in an attempt to tackle deforestation and other environmental hazards.
29 Mar 2018
Media Rights Agenda (MRA) has inducted the Petroleum Equalisation Fund (Management) Board (PEF)(M)B into its Freedom of Information (FOI) Hall Shame due to its refusal to be transparent and preference for secrecy in operations. The group added that this only serve to heighten questions about PEF’s continued relevance in light of its failure to achieve…
26 Jan 2018
A digital solution planned by the Petroleum Equalisation Fund (Management) Board (PEF), is targeting a total crackdown on major challenges in the petroleum downstream sector in Nigeria, especially in the area of supply.     The initiative, expected to be flagged off in the first quarter of this year, would provide accurate data that would enable…
12 Apr 2017
PEF is proud of its computerised systems for all these processes which it has named the Aquila Platform. Billions of litres are moved yearly, so PEF officers are present at over 100 locations throughout Nigeria.
11 Apr 2017
The problems facing NNPC are numerous and complicated. The solutions devised to end these problems are confusing, obfuscating and almost deliberately framed to be incomprehensible to the rational mind.
28 Mar 2017
The Petroleum Equalisation Fund (Management) (PEF) Board has vowed to punish any oil marketer who engages in falsification of documents for the movement of petroleum products in the country.


1 hour ago
Aston Villa climbed above Chelsea and into the top half of the Premier League table with a 2-0 win at Stamford Bridge on Saturday.
2 hours ago
Fourteen miners were missing and feared dead in Burundi on Saturday after flash floods swept into a pit where they were searching for gold, the local government administrator told AFP.
5 hours ago
Policing the "city that never sleeps" is no easy task even on a typical day -- so New York law enforcement agencies are taking no chances ahead of Donald Trump's high-profile court appearance next week, bracing for protests for and against the first indictment ever of a former US president.
5 hours ago
Iranian authorities ordered the arrest of two women, the judiciary said Saturday, after a viral video appeared to show them being attacked by a man for not wearing the hijab.
6 hours ago
President Muhammadu Buhari has approved the amendment of the 2022/2023 Deep Offshore oil block mini-bid process to accommodate concerns raised by potential local and international investors.