24 results
- 1 Jul 2021
Lawmakers Pass PIB after 20-Year Delay
Lawmakers in both the Senate and House of Representatives separately passed the Petroleum Industry Bill (PIB) after a 20-year delay. At the Senate, the PIB, 2021 was passed after the clause by clause…
- 7 Mar 2013
PIB Scales Second Reading as Mark Urges Nationalism
The Petroleum Industry Bill (PIB) has passed the crucial second reading in the Senate after three days of intense debate by the lawmakers in the upper chambers.This is coming as David Mark; Senate…
- 3 Jan 2013
Lagos Chamber Wants PIB in Q1
The Lagos Chamber of Commerce and Industry has called on the National Assembly to pass the Petroleum Industry Bill into law in the first quarter of the year. The Petroleum Industry Bill seeks to…
- 7 Mar 2013
Senator Demands Total Recall of Northern Oil Blocks
The debate on Nigeria’s petroleum industry bill (PIB), which is primarily aimed at injecting decorum into the sector, took a nasty neo- xenophobic turn Wednesday on the floor of the Senate (upper arm…
- 19 Dec 2012
Chemical Engineers Say PTB is Wasteful
Nigerian Society of Chemical Engineers (NSChE) has protested the proposed creation of Petroleum Technical Bureau (PTB) as canvassed in the Petroleum Industry Bill (PIB) saying that the proposal for…
- 28 May 2018
Future World Film Brings Challenges of Niger Delta to Fore
Senate President, Olusola Saraki at the weekend assured Nigerians that the long awaited PIB law will be ready before the end of this legislative season. While giving the status of the bill which has…
- 6 Mar 2013
Oil Producing States Waste N7.3Trillion in 14 Years-Senators
Northern senators have accused states benefiting from 13 per cent derivation fund for oil-producing states of squandering N7.3 trillion since 1999 when the fund was established. The accusation was…
- 25 Mar 2021
Nigerians to Pay N234 Per Litre of Petrol- NNPC
Mele Kyari, group managing director of Nigeria National Petroleum Corporation (NNPC), has said that the corporation can no longer bear the over N120 billion monthly subsidy for Premium Motor Spirit…
- 22 Jul 2021
FG May Raise VAT to 15 Percent before 2025- Report
A report by the Economist Intelligence Unit (EIU), London, has predicted that the federal government might effect a 100 per cent rate increase in the Value Added Tax (VAT) from the current rate of…
- 14 Feb 2016
GTR Conference Proffers Solution to W/Africa's Economic Growth
The Global Trade review’s West Africa Trade & Export Finance Conference 2016 held in Lagos recently had in attendance speakers discussing liquidity challenges, NNPC reforms and the Petroleum…
- 27 Feb 2013
Diamond Advocates Capacity Building in Nigerian Oil & Gas Industry
To entrench a culture of sound corporate governance practices in the Nigerian oil and gas industry, there has to be a consistent investment in capacity building across board in companies operating in…
- 2 Jul 2021
FG Banned Twitter in National Interest- Malami
Abubakar Malami, attorney general of the federation (AGF) and minister of justice, has said the ban on the use of Twitter in the country was done to protect Nigeria’s interest. Malami said the…
- 23 Nov 2009
Petroleum Bill Critical to Banking Reform- Sanusi
Malam Sanusi Lamido Sanusi, governor of the Central Bank of Nigeria (CBN) has said that petroleum bill is critical to banking reform and urged the Nigerian National Petroleum Corporation (NNPC) to…
- 17 Aug 2021
No Plans to Increase Fuel Price to N300/Litre
Federal government has said the pump price of petrol will remain N162 per litre, until it reaches an agreement with the Organised Labour for full deregulation of the downstream petroleum sector.…
- 24 Jan 2013
Brass LNG Suffers Multiple Headaches
The Brass Liquefied Natural Gas (LNG) project, designed to produce 10 million metric tonnes of LNG per year may be dead on arrival after all, because the economics does not add up, Nigeria…
- 31 Mar 2013
Investors Wary of Nigeria’s Hostile Business Environment- LCCI
Investors and business leaders are still wary about the state of Nigerian economy and the unfriendly business environment, according to the latest Business Confidence Index (BCI) of the Lagos Chamber…
- 17 Oct 2013
Nigeria’s Economy Gets Fitch’s ‘BB’ Rating
Fitch Ratings has affirmed Nigeria’s long-term foreign and local currency IDRs and senior unsecured bond ratings at ‘BB-’ and ‘BB’ . The outlook is stable, according to the agency, which also…
- 28 Oct 2013
Crude Oil Theft is New Face of Terrorism — Alison-Madueke
Mrs. Diezani Alison-Madueke, minister of Petroleum Resources, has declared that the grave phenomenon of oil theft and its global support system represents another face of terrorism which has…
- 27 Nov 2013
Oil Workers Oppose Sale of Refineries, Says It's against National Interest
Oil workers under the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the National Union of Petroleum and Natural Gas Workers (NUPENG) have said that they would resist…
- 5 Jun 2014
US Dumps Nigeria Crude Oil
United States of America (USA) has finally stopped importation of crude oil from Nigeria, this is sequel to the discovery of Shale oil and gas in commercial quantity. Mrs. Diezani…
- 16 Sept 2014
Total Resumes $2.5B Nigerian Deepwater Oil Field Sale
France's Total SA, Europe's second largest oil company, has put one of its offshore Nigerian oil fields up for sale again, the company said, after a 2012 deal with Sinopec Corp failed. Total has…
- 14 Dec 2014
Major Fuel Scarcity Looms as Oil & Gas Workers Down Tools
Nigerians may be thrown into a fresh round of acute fuel shortage this Christmas season as oil and gas workers today begun a nationwide indefinite strike to protest the inability of the…
- 5 Jul 2016
Fuel Scarcity Looms as PENGASSAN Down Tools Thursday
Fuel scarcity is imminent in the country as Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has ordered its members to leave their duty posts in all oil installations and…
- 21 Jan 2020
DEMS Volunteers’ Applaud Ongoing Reforms in Oil and Gas Sector by Minister
The Digital Economy Media Support Volunteers, DEMS Volunteers, has commended the ongoing digital oil & gas reforms being championed by Chief Timipre Sylva, Minister of State for Petroleum…