Before oil blocks clog PIB again
The passage of the country’s Petroleum Industry Bill (PIB) has proved to be a real nightmare for successive administrations since the need for the bill was first mooted by th
Petroleum Industry Governance Bill absence, hampers investment in oil, gas sector
Mr Odein Ajumogobia, Chairman, Nigeria Natural Resource Charter (NNRC), says absence of laws especially, Petroleum Industry Governance Bill (PIGB), has hampered Nigeria’s oil and gas resources full maximisation.
Realignments, constitutional review as Edo/Ondo polls lead 2020 politics
The National Assembly’s resolve to review the 1999 Constitution, tinker with the Electoral Act 2010 and pass the age-long Petroleum Industry Governance Bill (PIGB) are top among the three major issues that would dominate the polity this year.
Militancy, delayed PIGB top challenges for oil sector in 2020
Continued pipeline disruptions, delay in passing the Petroleum Industry Governance Bill (PIGB) as well as other issues, may drag necessary reforms needed for growth
Nigeria’s oil economy is hobbled by dissonance
The oil resource curse has been Nigeria’s bane. This reality is well known. Yet no discernible effort is being made to transcend the pitfall...
Ninth National Assembly resumes amid uncertainties
After its proclamation on June 11, 2019 by President Muhammadu Buhari, the 9th Nigeria’s National Assembly begins its plenary journey to the first...
Eterna seeks downstream deregulation, to expand operations
Citing the Nigerian National Petroleum Corporation (NNPC’s) interference in the downstream sector as propelling unfavourable competition with other players, thus leading to the unpredictability in the market, Eterna Plc has urged the Federal Government to deregulate the sector, even as it unveiled plans to expand its operations. The firm also stated that despite the harsh operating environment…
Buhari to get harmonised PIGB from National Assembly
The National Assembly is on the verge of returning the harmonised Petroleum Industry Governance Bill (PIGB) to President Muhammadu Buhari for assent.
Iledare: Importation of refined petroleum products, subsidy put economy in reverse gear
A Professor of Petroleum Economics and Policy Research, Wumi Iledare is Ghana’s National Petroleum Professorial Chair in Oil and Gas Economics, at the University Of Cape Coast’s Institute for Oil and Gas Studies. Iledare, who is equally the President of the Nigerian Association for Energy Economics (NAEE) says the Federal Government must commercialise the NNPC…
NNPC’s $48 billion oil and gas projects
At the 2019 International Petroleum Conference held in London, recently, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, was reported to have copiously highlighted major investment opportunities not only in the Nigerian but the African oil and gas sector. He expressed great optimism on the positive outlook of the continent’s…