• Nigeria: New PIB - FG Scraps PPPRA, PEF

    Vanguard (Lagos), 13 July 2012

    To demonstrate its resolve to embark on full fledged deregulation of the downstream petroleum sector, the Federal Government has approved the scrapping of the Petroleum Products Pricing Regulatory Agency, PPPRA, and its sister company, Petroleum Equalisation Fund, PEF, through which oil marketing and trading companies committed the biggest subsidy and reimbursement scam in the history of the ...

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