30 results
- 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…
- 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…
- 29 Nov 2012
PENGASSAN Urge FG to Compel Oil Majors to Build Refineries
Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has asked the federal government to make a provision in the current Petroleum Industry Bill to compel oil producing…
- 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…
- 14 May 2012
Postal Bill Will Make the Industry More Viable -Oladepo
Siyanbola Oladapo, managing director of Bowill Errands Courier is a consummate professional with over years of experience spanning the courier, oil & gas, and the financial sectors.…
- 27 Jun 2017
Job Losses, Mass Transfer Fever Grip PPPRA Staff
The fear of mass transfer and job loss are currently rocking the Petroleum Products Pricing and Regulating Agency (PPPRA), according to New Telegraph. The fear, which emanated from the imminent…
- 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…
- 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…
- 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…
- 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…
- 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…
- 17 Aug 2012
NEITI Thumbs Up Govt for New Board
Nigeria Extractive Industries Transparency Initiative (NEITI) has commended the bold steps taken by the Federal Government to appoint experienced professionals from diverse backgrounds to serve as…
- 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…
- 14 Sept 2009
NNPC Asks N/Assembly to Enact Law on Pipeline Attack
The Nigerian National Petroleum Corporation (NNPC) has asked the National Assembly to enact laws that will criminalise pipeline vandalization in the country. The Corporation implored the lawmakers to…
- 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…
- 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…
- 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…
- 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…
- 16 Apr 2015
Okonjo-Iweala Advises GMB on Revenue Generation
Dr. Ngozi Okonjo-Iweala, minister of Finance and coordinating minister for the Economy, has urged the incoming administration of Muhammdu Buhari to take advantage of the rebasing of the economy which…
- 2 Mar 2009
FG Set to Fully Deregulate Down-Stream oil Sector
Federal government said it is introducing a full scale deregulation of the down stream sector of the nation’s petroleum industry with a view to saving the huge expenditure on subsidy and…
- 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…
- 11 Jun 2013
Chevron Corp. Sells Nigerian Oil Blocks over Regulatory Uncertainty
Chevron Corp. said that it plans to auction off the rights it has to two offshore oil fields near Nigeria’s coast, the latest foreign oil company moving to divest from the country as regulatory…
- 1 Jul 2014
FG Rakes In N669Bn From Privatization In 15 Years
Benjamin Dikki, director-general, Bureau of Public Enterprise (BPE), at the weekend disclosed that the Federal Government earned N669 billion from privatisation of its enterprises, including…
- 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…
- 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…
- 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…
- 22 Jan 2013
CBN Says ‘Non-Oil’ Sector Remain Engine of Growth
Central Bank of Nigeria’s monetary policy committee (MPC) last night said the non-oil sector remained the major driver of growth recording 8.23 per cent increase in contrast to the oil sector, which…
- 20 Apr 2010
World Bank’s Projects Hit $4.2 Billion
The portfolio of the World Bank in various projects in Nigeria has reached $4.2 billion. Robert Zoellick, the World Bank President made this known at a meeting of the bank’s senior officials…
- 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…