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PIB passage to unlock foreign capital, aid sector development
With the amended Petroleum Industry Bill (PIB) awaiting transmission to the National Assembly for passage, oil and gas operators are hopeful that the bill would help Nigeria unlock foreign capital and develop the energy sector, especially gas.
Revamp refineries, pass PIB bill to regulate petrol pump price, MAN demands
The Manufacturers Association of Nigeria (MAN) has urged the Federal Government to make efforts at revamping the nation’s ailing refineries and regulate the fluctuating pump price of petrol.
Fuel price hits N143.80 per litre, labour fumes
The Academic Staff Union of Nigerian Universities (ASUU), yesterday, condemned the increase in the pump price of petrol, describing it as ill-timed and insensitive.
Concerns heighten over delayed PIB fiscal framework
Fresh concerns have arisen over the outlook of Nigeria’s oil and gas fiscal regime, as efforts intensify on the passage of the Petroleum Industry Bill
Nigeria’s delayed PIB and disappearing opportunities
For close to two decades, the Petroleum Industry Bill (PIB) has been in the works, as it was first introduced in the National Assembly in 2000, thereby making it easily the bill with the longest timeline at the National Assembly.
‘Why FG must include BO details as requirement for licensing round’
As the Federal Government concludes plans to host licensing round for marginal oil and gas assets later this year, stakeholders in the industry have insisted that the inclusion...
How oil subsidy removal may create more problems for Nigerians
Unless the challenges bedeviling the downstream sector of the nation’s petroleum industry are surmounted, the removal of oil subsidy may create more problems for Nigerians, especially the poor masses.
Why Buhari reduced petrol price to N125
President Muhammadu Buhari yesterday approved an immediate reduction in the pump price of premium motor spirit (PMS), otherwise known as petrol, from N145 to N125 per litre.
PIB passage to rekindle hope for deepwater projects
Final Investment Decision (FID), worth over $100billion could be taken in Nigeria’s oil and gas sector, especially in the deep water going by renewed efforts by the country to pass the long-stagnated, Petroleum Industry Bill (PIB).
Before oil blocks clog PIB again
The passage of the country’s Petroleum Industry Bill (PIB) has proved to be a real nightmare for successive administrations since the need for the bill was first mooted by th
‘Nigeria far from economic diversification despite gloomy oil fortunes’
25 Dec 2019
The Nigerian Nation Resource Charter (NNRC) has again raised the alarm about the approach of the Federal Government towards the use of proceeds of oil and gas despite dwindling fortunes of the sector.
Criticism trails renewal of 42 oil block licences
10 Oct 2019
Stakeholders, including civil society organisations, have raised the alarm that the country risks being greatly shortchanged in the way the Federal Government is renewing licences for 42 oil blocks held by international and indigenous companies.