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.
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...
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).
‘Nigeria far from economic diversification despite gloomy oil fortunes’
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
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.
Stakeholders raise concern over poor metering for crude in Nigeria
The Nigeria Extractive Industries Transparency Initiative (NEITI), and other stakeholders in the oil and gas sector, yesterday, in Abuja, insisted that inadequacy in the metering of crude oil production in the country could continue to affect the nation’s revenue.