Petroleum Equalisation Fund
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.