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Senate Begins Final Work on Economic Recovery Bills

The Senate will this week inch towards passing half of its historic and the much needed economic reform package as six of the 11 priority economic growth and reform bills have been scheduled for public hearings between today and Thursday. The legislation scheduled for public...

Opportunities in Oil Sector’ll be Over Soon — Osinbajo

Vice President Yemi Osinbajo has stated that opportunities in the petroleum industry were narrowing and might be over sooner than expected as a result of the increasing breakthroughs in renewable energy use as well as the expansion in the patronage of electric vehicles globally. According...

Hours After N’Delta Parley, Militants Blow up NPDC Pipeline

...Oil firms suspend operations as PIB passes second reading in Senate Barely a few hours after the dialogue between President Muhammadu Buhari and critical stakeholders of the Niger Delta to resolve the crisis in the region, unrepentant militants Tuesday night bombed the Trans Forcados Pipeline...

PIB: NNPC Concerned over Move by Petroleum Ministry to Assume Control of Proposed IJVs

The attempt by the Ministry of Petroleum Resources to assume control over the proposed Incorporated Joint Ventures (IJVs) and the Asset Management Company to be created by the new Petroleum Industry Bill (PIB) may set the ministry on a collision course with the Nigerian...

Ghana Beats Nigeria, Passes Petroleum Bill

As Nigeria continues to dither over the Petroleum Industry Bill, which has suffered setbacks in two consecutive legislative tenures, Ghana has passed its own petroleum bill into law in a bid to lure investments. Ghana’s legislature passed the Petroleum Production and Exploration Bill into law...