The new Petroleum Industry Bill (PIB) before the National Assembly is proposing the revocation of licenses for oil and gas companies who neglect their obligations to the host communities. The power to revoke the licenses is vested on the Minister of Petroleum Resources in the new bill. According to the bill, the action will be […]
By Tunde Opalana Following its presentation at plenary on Tuesday, the Petroleum Industry Bill, 2020 (SB.510) yesterday scaled first reading on the floor of the Senate chamber, Daily Times gathered. After its presentation, the bill, sponsored by the Senate Leader, Yahaya Abdullahi without objection passed first reading and awaits further legislative action. The Daily Times […]
By Habib Sheidu After the Niger Delta Development Commission (NDDC) probe saga, there are now insinuations by every Tom, Dick, and Harry over the level of corruption and mismanagement that might be going on in the Nigerian National Petroleum Company (NNPC). With the recent probe of contracts in the NDDC, attention, and of course, 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. Mr Ambrose Oruche, the Acting Director-General of MAN, also called for quick passage of the Petroleum Industry Bill (PIB) when he spoke with newsmen on Thursday in Lagos. […]
Michael Ajayi The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, has urged members of the Nigerian Guild of Editors (NGE) to join the effort to keep the corporation in check for transparency and accountability. Kyari gave the charge when a delegation of the Guild led by its president, Ms […]
… The intrigues and lobbying No other bill has been more popular since Nigeria’s return to democratic rule in 1999 than the Petroleum Industry Bill (PIB) – maybe the Freedom of Information Bill comes near. The reason is not farfetched: anything petroleum in Nigeria generates passionate interest. Former President Olusegun Obasanjo set up […]