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Petroleum Industry Bill

A worker fills a car's tank at the CO-OP petrol station in Cairo, Egypt April 2, 2020. REUTERS-Mohamed Abd El Ghany

Centre demands framework for fuel subsidy removal

The federal government should provide a detailed framework for its decisions to end fuel subsidy in the country and the planned oil and gas licensing round, civil society groups advocating for the reform of the country’s oil and gas industry have demanded.
President of the Senate, Ahmad Lawan, disclosed on Tuesday that the Senate may next week consider the report of an Ad-Hoc Committee on security challenges with a view to finding solutions to Nigeria’s security problems.

Senate to revisit Petroleum Industry Bill

The Senator representing Ogun Central Senatorial District and Chairman of the Senate Committee on Capital Market, Ibikunle Amosun, has said the committee would revisit the Petroleum Industry Bill (PIB) and the Investment and Securities Act (ISA) Bill.
President of the Senate Ahmad Lawan on Tuesday tasked top security officials to beef up security measures at the National Assembly.

Coronavirus: Deeper trouble awaits Nigeria if… – Senator Lawan

President of the Senate, Senator Ahmad Lawan, warned Tuesday that following the impact of the ravaging Coronavirus on the economy, Nigeria will be in deeper trouble if as a country, we are not ingenious enough.
President of the Senate, Ahmad Lawan, disclosed on Tuesday that the Senate may next week consider the report of an Ad-Hoc Committee on security challenges with a view to finding solutions to Nigeria’s security problems.

Senate wants 2020 budget reviewed as oil prices crash amidst coronavirus outbreak

The Senate, on Tuesday, said the review of the 2020 budget passed by the National Assembly has become inevitable as a result of tumbling oil prices amidst the coronavirus outbreak.
Nyesom Wike

Rivers improved security to attract foreign investors – governor

Rivers State has developed a strong security architecture that is attracting foreign and local investors, the state governor, Nywsom Wike, has said.
President Muhammadu Buhari has appointed Mr. Mele Kolo Kyari as the new Group Managing Director of the Nigerian National Petroleum Corporation (NNPC).

NNPC to double Nigeria’s domestic gas supply, export fuel by 2023

The Nigerian National Petroleum Corporation (NNPC) is to expand its domestic gas footprint with the delivery of the Escravos-Lagos Pipeline System (ELPS) II to double capacity from 1.1 billion standard cubic feet of gas to 2.2 BSCF.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has insisted that there is no plan to divest the Federal Government’s stakes in joint venture oil assets.

Federal government discovers one billion barrels of crude oil in North-East

The Minister of State for Petroleum Resources, Chief Timipre Sylva, said about one billion barrels of Crude oil have been discovered in the Northeastern part of Nigeria.
Senator Ahmed Ibrahim Lawan

Senate probes poor state of refineries

Consequently, the Senate mandated its Committees on Petroleum Resources Downstream, Upstream and Gas Resources to urgently carry out a holistic investigation into the matter, with a view to finding a lasting solution to the problem.
President of the Senate, Ahmad Ibrahim Lawan, in a group photograph with members of the Senate Press Corps who presented a birthday card to him on Monday, January 27, 2020 3

Senator Lawan : Security, PIB, electoral reforms matters topmost agenda in Senate

President of the Senate, Ahmad Lawan, said on Monday that issues of security in the country, Petroleum Industry Bill (PIB) and electoral reforms are topmost on the agenda of the Senate as the upper chamber reconvenes on Tuesday.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has insisted that there is no plan to divest the Federal Government’s stakes in joint venture oil assets.

Petroleum Industry Bill to be passed by mid 2020 – minister

Chief Timipre Sylva, Minister of State for Petroleum Resources, says review of the Petroleum Industry Bill (PIB) is at an advanced stage and full passage of the bill is expected mid 2020.
Senate President Ahmed Lawan

Senator Lawan: Nigeria’s economy will witness significant boost next year

President of the Senate, Ahmad Lawan, has said that the passage of the 2020 Budget by the National Assembly and its prompt assent by `will have significant impact on the country’s economy starting from January next year.
The minister of Finance, Budget and National Planning Mrs Zainab Ahmed disclosed this on Tuesday during her maiden meeting with top officials of the two merged ministries at the headquarters of Budget and National Planning in Abuja.

Minister: Federal government has achieved 50 percent 2019 budget performance

The Federal Government has achieved 50 percent budget performance in 2019 with the release of N1.2 trillion capital expenditure.
Zainab Ahmed, the minister of finance, budget and national planning, says state and local governments share some of the responsibility to fix roads in Nigeria.

Federal government releases N1.2 trillion for capital projects

The Federal Government said on Wednesday that a total sum of N1. 2 trillion was released for capital projects in the 2019 budget.
Keun Wood Paik; President of the Senate, Ahmad Ibrahim Lawan, and President and Chief Executive Officer of Hyundai Engineering and Construction Company, Chang Hak Kim, during the courtesy visit of Hyundai Engineering President/CEO to the Senate President at the National Assembly, Abuja, on Wednesday, December 18, 2019.

Senate president assures investors of protection, support

President of the Senate, Ahmad Lawan, on Wednesday assured investors who are willing and ready to invest into the Nigerian economy of adequate protection and support.
Senate President Ahmed Lawan 1

PIB: Senate president explains how National Assembly will break the jinx

President of the Senate, Ahmad Lawan, has said the Ninth National Assembly will do things differently to break the jinx with the passage of the Petroleum Industry Bill (PIB) next year.
The Speaker of the House of Representatives, Rep. Femi Gbajabiamila (APC-Lagos), has announced the demise of a former member of the house, Rep. Tony Okey. 7

Speaker Gbajabiamila: House of Reps will pass PIB, new electoral act next year

Speaker of the House of Representatives, Rep. Femi Gbajabiamila has promised that the House of representatives will establish the first Library for the National Assembly, pass amendments to the Electoral Law and the Petroleum Industry Bill, (PIB) next year.

Expert: Nigeria’ll lose her rating in oil production

A world renowned oil engineer, Mr Barth Nwibe, has said that if nothing was done to harmonise the oil sector in Nigeria, the country will loss her rating in oil production in the next 30 Years.
President Muhammadu Buhari Monday in London signed the amended Deep Offshore Act.

PDP senator hails President Buhari for signing PSC amendment bill into law

Chairman, Senate Committee on Petroleum Resources, Upstream, Senator Bassey Albert Akpan, Peoples Democratic Party, PDP, Akwa Ibom North East, has hailed President Muhammadu Buhari for signing the Deep Offshore and Inland Basin Production Sharing Contract Amendment Act into law.

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Odion Ighalo raises hope as Manchester United loan deal expires

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Reddit and Twitter join the fight against US demands for visa applicants’ online handles

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Indonesian policeman killed by sword-wielding militants

Sword-wielding militants killed an Indonesian policeman and critically injured another on Monday in what authorities described as a terror attack by suspected Islamic State-linked extremists.
“Dr. Sirous Asgari’s case has been closed in America and he will probably return to the country in the next two or three days,” ministry spokesman Abbas Mousavi was quoted as saying by ISNA news agency.

Iran says scientist jailed in US to return in days

Iran’s foreign ministry said Monday that Sirous Asgari, a scientist jailed in the United States, is set to return to the Islamic republic within days.
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La Liga announces fixtures as season re-start looms large

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