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PENGASSAN: Nigeria Lost over $235bn to Non-passage of PIB

Oil workers under the aegis of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has stated that Nigeria has lost over $235 billion as a result of its inability to pass the Petroleum Industry Bill (PIB) into law since the reform in...

PIB: Nigeria loses $235bn investments amid $9bn debt

Nigeria has lost about $235bn worth of investments on the back of the failure to reform the oil and gas industry, even as the Federal Government struggles to pay up over $9bn cash call arrears to oil firms. Oil workers under the aegis of the...

PENGASSAN Rejects NLNG Act Amendment

Oil workers under the aegis of the Petroleum and Natural Gas Senior Staff Association of Nigeria have said that the proposed plan by the National Assembly to amend the Nigeria Liquefied Natural Gas (Fiscal Incentives, Guarantees and Assurances) Act will affect about 18,000 jobs...

PPPRA Board Meets to Review Petrol Price, Others

Following the myriad of suggestions favouring adjustment in the price of petrol, the board of the Petroleum Products Pricing Regulatory Agency (PPPRA), the agency responsible for fixing fuel price, will meet on Thursday to consider among other issues, the review of the petroleum product...

Don’t Increase Petrol Price Now – PENGASSAN Warns

The Petroleum and Natural Gas Senior Staff Association of Nigeria has said that the time is not right for an upward review of pump price of petrol in view of the current economic situation in the country. The association, in a presentation at the public...

NUPENG Begins 3-day Warning Strike, Wednesday

Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, is set to begin a three-day nationwide warning strike on Wednesday, over disputes with International Oil Companies, IOCs, especially indiscriminate sack of workers without benefits and refusal to allow their workers to join union. The union...