No previous govt developed Niger Delta like Buhari’s administration – APC group

August 24, 2021 Bode Olagoke 0

The All Progressives Congress Legacy Awareness and Campaign (APC-LAC), a voluntary think-tank group of the governing party, has said that no previous administration has paid more attention to the plight of the Niger Delta region like the current administration of President Muhammadu Buhari. The group assured that Buhari will not relent in the implementation of his vision of a safe, secure Read More

PIA: After historic passage, what next?

August 20, 2021 BENJAMIN UMUTEME 0

… It’ll attract investments says Buhari … Promote transparency in sector – NNPC … May lead to revenue shortfall – FIRS  ‘…Good start for host communities but …’ … Groups allege bias; say it’s provocative After over a decade of wait, the Petroleum Industry Bill (PIB) was finally passed by the National Assembly and signed into law by President Muhammadu Buhari, Read More

Muhammadu Buhari’s imprints on the Nigerian oil and gas sector by Salisu Na’inna Dambatta

August 18, 2021 Salisu Na'inna Dambatta 0

The signing of the Petroleum Industry Bill (PIB) into law by President Muhammadu Buhari on August 16th, 2021, after it was passed by the National Assembly, has added yet another Buhari signature on the Nigerian Oil and Gas sector.  Equally, the Presidential assent which turned the Bill into Petroleum Industry Act (PIA) of the National Assembly has placed Muhammadu Buhari Read More

Nigeria lost $50bn investments in 10 years due to stagnation, uncertainty over petroleum industry – Buhari

August 18, 2021 Abdullahi M. Gulloma 0

President Muhammadu Buhari Wednesday in Abuja said Nigeria lost an estimated $50 billion worth of investments in ten years, created by the uncertainty of non-passage of the Petroleum Industry Bill (PIB), lack of progress and stagnation in the petroleum industry. In his remarks at a ceremony on passage of the PIA, which preceded the Federal Executive Council (FEC) meeting, the Read More

Breaking: President Muhammadu Buhari signs PIB 2021 into law (Pictures)

August 16, 2021 Solomon Arowolo 0

President Muhammadu Buhari has signed the Petroleum Industry Bill (PIB) 2021 into law.  Working from home in five days quarantine as required by the Presidential Steering Committee on COVID-19 after returning from London on Friday August 13, the President assented to the Bill Monday August 16, in his determination to fulfill his constitutional duty. The ceremonial part of the new Read More

PPPRA to focus on gas in line with global realities

August 16, 2021 Adeola Tukuru, 0

The new chairman of the governing board of Petroleum Products Pricing Regulatory Agency ( PPPRA), Deacon Obinna Atuonwu said the agency would move its focus away from petrol to gas in line with current global realities. He gave the assurance at a dinner organized by Abia League of Professionals in Abuja, Atuonwu said Nigeria needed to move fast in the Read More

PIB: Stop instigating violence in Niger Delta, Bayelsa Senator warns Dickson

July 23, 2021 Bode Olagoke 0

The Senator representing Bayelsa East, Biobarakuma Wangagha Degi-Eremienyo, has warned former governor of Bayelsa state Senator Henry Seriake Dickson to stop instigating violence in the Niger Delta over the contentious Petroleum Industry Bill ((PIB). Degi-Eremienyo was reacting to a press conference by Dicskon on Thursday where where he accused the Minister of State (Petroleum resources), Chief Timipre Sylva of allegedly Read More

Subsidy saga: Govt’s stance, citizens’ dilemma

July 16, 2021 BENJAMIN UMUTEME 0

… Nigeria bleeding from subsidy payment – Kyari ‘… Irregularities make amount being spent uncertain’  … It’s compounded by politics – Economist ‘…A pro-people policy on crude refining key’ … Ignorance fuelling oppositions – Sylva The issue of fuel subsidy removal remains a thorny one with each administration engrossed in the debate. Notwithstanding Nigeria’s economic realities, its fiscal authorities are Read More

Top energy producer, Seplat excited by new Petroleum law

Seplat Energy Plc, Nigeria’s biggest oil and gas exploration and production company said it hopes passage of the country’s long-awaited Petroleum Industry Bill by lawmakers will spur investment into the country’s petroleum industry. “The PIB in place gives everyone the visibility of what the new roles are, so we’re excited,” CEO Roger Brown said in an interview in Lagos. “People Read More

PIB’ll be fine-tuned, Sen Bassey assures stakeholders

July 8, 2021 Joseph Obung 0

The chairman of the Cross River state caucus in the National Assembly, Senator Gershom Bassey, has said there was no cause for alarm over the Petroleum Industry Bill (PIB) as passed by the Senate. He stated that the bill is far from perfect and it would be fine-tuned to meet future realities. The Southern Governors Forum had, in its meeting Read More

PIB: ERA urges NASS to divest proposed frontier fund

July 6, 2021 Patrick Ahanor 0

The Environmental Rights Action/ Friends of the Earth Nigeria (ERA/ FoEN), Wednesday, faulted the Petroleum Industry Bill (PIB) as passed by the National Assembly and called on both chambers to “harmonise and produce environmental friendly bill”. ERA also cautioned the federal government over its dependant on crude oil at a time “when other nations were already considering a shift from Read More