Senate Passes PIB into law, Approves Creation of two Firms
The Senate has broken over 15 years jinx by passing into law the most awaited Petroleum Industry Governance Bill.
Senate President, Bukola Saraki while commenting on the bill said “this is a Bill PIGB that has...
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...
Nigeria’s failure to legislate the proposed reforms in its oil and gas industry, particularly the Petroleum Industry Bill (PIB), has cost her a whopping $200 billion in investments.
Of the amount, the country lost $15 billion yearly in investments withheld or diverted by investors to...
The Nigerian National Petroleum Corporation (NNPC) has urged the National Assembly to pass the Petroleum Industry Bill (PIB) into law to dispel the air of uncertainty around the industry, create an enabling environment for the industry to flourish and dissuade the International Oil Companies...
The Niger Delta Non-Violence Youth Leaders Assembly, a peace advocacy group, has applauded last Friday’s visit of Acting President Yemi Osinbajo to Bayelsa, describing it as a morale booster.
The group also said that the visit had revived the hope of Niger Delta people of...
For the federal government to take the nation’s economy out of its recession and place it on a sustainable growth path, there must policy reforms in oil, power, mining, aviation sectors. The is the assertion of analysts at Afrinvest (W.A) Limited, a Lagos based investment banking firm in its Economic and Financial...
