Monday, 6th December 2021
Breaking News:


25 Jul
The new Petroleum Industry Bill states that oil-producing communities should be allocated three per cent of the profits made from oil proceeds.
25 Jul
The Senator representing Bayelsa West, Senator Seriake Dickson addressed the media in the Senate on two contentious issues bothering on the passage of the 3% equity shareholding for host communities, which he said they disagreed with, and the contentious clause 52(3) in the 2021 Electoral Act Amendment bill that was recently passed by the National…
21 Jul
To avoid situations where oil assets are left idle without necessary contributions to the federation account, stakeholders have charged the Federal Government to enforce the drill or drop clause in the Petroleum Industry Bill (PIB).
21 Jul
The Petroleum Industry Bill (PIB) again faced fresh criticism as the Nigerian Association of Road Transport Owners (NARTO), insisted that some sections of the proposed legislation are below par.
19 Jul
To help douse the swift and conflicting reactions, utter confusion and frustration raging in the minds of the Niger Deltans and other stakeholders, occasioned by the inexplicable and unexpected provisions
18 Jul
Although the long-awaited Petroleum Industry Bill (PIB) has been passed, stakeholders in the industry have accused the National Assembly of deliberately eroding the Ministry of Industry, Trade and Investment’s powers of issuing permit for crude oil,....
18 Jul
The restlessness that has greeted the passage of the much-talked about Petroleum Industry Bill (PIB) by the National Assembly (NASS), the other day, has clearly counteracted the desired goodwill that the proposed law should ordinarily command.
17 Jul
Gov. Udom Emmanuel of Akwa Ibom says the five per cent on oil derivation demanded by Governors in the south is not too much, “considering the devastating effects on members of our communities”.
17 Jul
The House of Representatives, yesterday, passed the harmonised contentious Petroleum Industry Bill (PIB).
16 Jul
Senators from the South-South geopolitical zone sustained their protest yesterday, as the Senate passed the harmonised Petroleum Industry Bill (PIB).
16 Jul
The House of Representatives has suspended consideration of the harmonised contentious Petroleum Industry Bill (PIB).
15 Jul
.The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have advocated for a clause in the Petroleum and Industry Bill....


15 mins ago
African Insurance Organisation (AIO) has called on reinsurers across the continent to tackle challenges facing the industry and provide lasting solutions to move the sector to a greater height.
39 mins ago
The Chairman, Zylus Group International, a property comperty, Dr. Oluwatosin Olatujoye, has canvassed flexible payment policy in addressing housing deficit and ensuring affordable housing in the country.
1 hour ago
A lecturer at the University of Lagos, Dr. Basirat Oyalowo, has identified participative co-production as the key to successful urban regeneration in the country.
1 day ago
When Joe Biden and Vladimir Putin meet virtually on Tuesday the two presidents will have to negotiate a history of mutual suspicion as they take up the urgent issue of a major Russian military buildup on the Ukraine border.
1 day ago
Pope Francis on Sunday returned to the island of Lesbos, the migration flashpoint he first visited in 2016, calling the neglect of migrants the "shipwreck of civilisation".