Confusion as Presidency claims NASS yet to transmit passed PIGB to Buhari
Contrary to earlier belief that the National Assembly who passed the harmonized Petroleum Industry Governance Bill (PIGB) on March 28 had sent same to the President Muhammadu Buhari for assent, the Presidency on Wednesday said President Muhammadu Buhari is yet…
Forcing IOCs to own refineries best bet for development in Niger Delta—PENGASSAN
A strategic development policy has been canvassed to drive massive development in the oil rich Niger Delta. In his message at the May Day 2018 rally, the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) President, Mr. Olabode…
Group foresees fuel price hike soon as PIGB rests under-recovery, subsidy regime
More details coming from the yet to be harmonised Petroleum Industry Governance Bill (PIGB), have shown that apart from unbundling the regulatory agencies of the Nigeria’s oil and gas industry, it will equally rest further budgetary allocations for under-recovery and…
Passage of PIGB has returned international investors’ funding confidence–Amieye-Ofori
Indications have emerged revealing that the recently passed Petroleum Industry Governance Bill (PIGB) by the National Assembly will become the game-changer in seamless inflow of heavy funding from abroad. Otherwise, the bill is set to restore the international investors’ funding…
PIGB: Let downstream, upstream operations get separate regulators—OPS
Just as President Muhammdu Buhari is yet to accent to the passed Petroleum Industry Governance Bill (PIGB), the Organised Private Sector (OPS), has called on the National Assembly (NASS), to instead of crowding the regulation of both up and downstream…
FG to further crash oil production cost from $23 to $15 per barrel –Minister
…Says only 2 out of 40 refinery licencees serious Whereas stakeholders’ in Nigeria’s oil and gas sector have continued to have reservations on the authenticity of oil production statistics being churned out by officials of the ministry of petroleum from…
Remaining 3 petroleum bills pass second reading, now in committee stage
Barley one month after the effective passage of the Petroleum Industry Governance Bill (PIGB), the Senate on Thursday, has kept to her promise by speeding up the legislative work on other three segments of the oil industry bills. The upper…
Tracking Now: Senate passes Part 1 of Petroleum Industry Bill (PIB) dealing on governance
The Nigerian Senate today, Thursday, May 25, 2017, passed the Petroleum Industry Governance Bill (PIGB). The part, which can be said to be among the least controversial segment of the entire bill, only seeks to reform issues of corporate governance…
