Mixed reactions trailed the signing into law of the Petroleum Industry Bill (PIB) by President Muhammadu Buhari on Monday. While the Pan Niger Delta Forum (PANDEF) and the opposition Peoples Democratic Party (PDP) led the pack in condemning the President’s action, the Senate and the Nigeria Extractive Industries Transparency Initiative (NEITI) led those who hailed […]
Participants at an online workshop organised to review key issues that require urgent reforms in the oil and gas industry amid the COVID-19 pandemic have called for an accelerated passage of the Petroleum Industry Bill (PIB). The workshop organised by the Centre for Transparency Advocacy (CTA) drew participants from various Civil Society Groups as well […]
Minister of State for Petroleum Resources, Chief Timipre Sylva, says review of the Petroleum Industry Bill (PIB) is at an advanced stage and full passage of the bill is expected mid 2020. Sylva made the announcement on Wednesday in a statement to mark the New Year which was made available to the News Agency of […]
Due to its support and contributions to the nation’s sustainable economic growth and diversification, gas production has identified as key to unlocking Nigeria’s economic potentials. The President, Nigerian Gas Association (NGA), Mrs Audrey Joe-Ezigbo, made this disclosure in Lagos, while appraising the performance of the oil and gas industry as Nigeria marks her 59th Independence […]
Hopes for economic and industrial growth will be dashed if inhibitors such as the Nigeria LNG Limited (NLNG) Fiscal Incentives, Guarantees and Assurances Act, are permitted in the Nigerian gas industry, the Managing Director of NLNG, Tony Attah, said on Wednesday. Attah spoke at the ongoing 2017 Nigeria Oil and Gas Strategic Conference and International […]
Diversifying the Nigerian’s economy from over-dependence on crude oil has been described by the Nigerian Assoccition of Chambers of Commerce Industry Mines and Agriculture (NACCIMA) as the only strategy to effectively resuscitate and bring stability to the economy of our nation. In a media chat held in Lagos, the Chamber’s Acting National president Bassey Edem, […]
There appear to be a silver lining in the sky for the oil and gas sector in Nigeria as President Goodluck Jonathan assured Nigerians during the just concluded Presidential debate organised by the Nigeria Election Debate Group that the issue of oil theft will be tackled through the use of technology. President Jonathan disclosed that […]