PIB To Be Passed This Month - Lawan       The long-awaited passage of the Petroleum Industry Bill (PIB) may be around the corner as the Senate President, Ahmad Lawan has said that the bill would be passed into law this month. He made this known at the...

$40bn Investments Needed for Nigeria’s Gas Plan - NNPC       The Nigerian National Petroleum Corporation (NNPC) has said that the Nigerian oil and gas industry will require at least $40 billion in direct investments in basic infrastructure to achieve the federal government’s much talked-about about “Decade...

Dangote’s Business Tactics Harmful To Nigerian Economy, Says U.S         “Dangote model will likely be the one most emulated until its beggar-thy-countrymen contradictions become more apparent.” The United States described the Dangote Group of Companies’ business strategies as disastrous to the Nigerian economy. Owned by Africa’s richest man,...

Petroleum Sector Reforms: Let’s Say No To The Cannibals By Ojie Ejemhen There is no doubt that the downstream sector of the nation’s petroleum industry requires fundamental reforms to restructure its operations and reset its priorities and national objectives to align with globally accepted standards. Over...

Nigeria Faces Serious Debt Sustainability Risk - LCCI       The Lagos Chamber of Commerce and Industry (LCCI) has expressed concerns that Nigeria faces serious fiscal sustainability risk over its national debt profile. LCCI noted that the country’s debt-to-GDP ratio, which the government is using as a measure...

Lower Oil Sector Taxes Guaranteed In New PIB - Sylva         The Minister of State for Petroleum Resources, Mr. Timipre Sylva has said that Nigeria’s long-awaited Petroleum Industry Bill (PIB) will include low tax provisions to sustain stable investments in the country’s oil sector. Sylva equally noted...